OP

Alert

Funding spread now, next payment 14:00 UTC+0.1308%/8h

paid, last 24h+0.329%paid, last 3 days+1.080%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX OP/USD [OP-USDC]	0.1290	L −0.1208% / S +0.0249%	get 0.0151% / 1h	30m 23s	$13K	—	100x
Short	KuCoin OPUSDTM	0.1289	0.0100	get 0.0100% / 8h	2h 30m	$2.9M	$6.4M	75x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee KuCoinbpOrdersRate

Funding earned: $274.73
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $250.73
Break-even: 0.6 days

Slippage unknown: GMX: no order-book sample; KuCoin: live order book, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.104%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy GMX no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 4 min ago	3.87 bp	34.0 bp −$34	82.4 bp −$824	doesn't fit	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

OP on 29 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
GMX OP/USD [OP-USDC]long	L −0.1208% / S +0.0249%	1h	$13K	—	100x
Deribit OP_USDC-PERPETUAL	−0.0525%	1h	$44K	$188K	25x	as long as short
Coinbase International OP-PERP-INTX	−0.0416%	1h	$28K	$97K	50x	as long as short
Binance OPUSDT	−0.0116%	8h	$21.0M	$62.0M	75x	as long as short
MEXC OP_USDT	−0.0113%	8h	$20.0M	$8.7M	300x	as long as short
Extended OP-USD	−0.0112%	1h	$105K	$208K	25x	as long as short
Variational Omni OP	−0.0060%	8h	$234K	$36K	—	as long as short
Orderly PERP_OP_USDC	−0.0055%	8h	$7K	$51K	10x	as long as short
dYdX OP-USD	0.0000%	1h	$40K	$10	10x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	—	—	150x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin OP-USDT	+0.0007%	8h	$1.0M	$570K	75x	as long as short
Bybit OPUSDT	+0.0012%	8h	$18.2M	$26.3M	75x	as long as short
Injective OP/USDC PERP	+0.0033%	1h	$25K	$185K	12x	as long as short
Aevo OP-PERP	+0.0056%	1h	$4K	—	3x	as long as short
OKX OP-USDT-SWAP	+0.0068%	8h	$6.2M	$31.1M	50x	as long as short
Lighter OP	+0.0096%	1h	$298K	$336K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	$4.1M	$3.0M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	$200K	$418K	10x	as long as short
Gate OP_USDT	+0.0100%	8h	$1.8M	$1.7M	50x	as long as short
KuCoin OPUSDTMshort	+0.0100%	8h	$2.9M	$6.4M	75x
Bitget OPUSDT	+0.0100%	8h	$6.1M	$5.7M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	$134K	$154K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	$4K	$408K	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	$46K	$703K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	$174	$5K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	$193K	$219K	50x	as long as short
Kraken Futures PF_OPUSD	+0.0232%	1h	$793K	$648K	20x	as long as short
Reya OPRUSDPERP	+0.0429%	1h	$716	—	20x	as long as short