data as of
Settings8H · net · $10k
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Funding arb /

OP

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Funding spread now, next payment 16:00 UTC0.0000%/8h
paid, last 24h+0.002%paid, last 7 days+0.134%to open and close $10k−$79
Long on HTXShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX OP-USDT0.12550.0100pay 0.0100% / 8h17m 20s$180K$277K50x
ShortBackpack OP_USDC_PERP0.12560.0100get 0.0013% / 1h17m 20s$132K$180K10x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$0
Slippage, 4 orders
−$57.2
Fee HTX: 6 bp × 2 orders
−$12
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$79.2
Break-even
never at this rate
Slippage from HTX: live order book, 31 min ago; Backpack: live order book, 32 min ago.

Price risk

price view
Price gap now
+0.048%
Avg gap 7d
−0.014%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 31 min ago10.21 bp18.0 bp −$18297.8 bp −$2,978doesn't fitdoesn't fit
Sell Backpack live order book, 32 min ago1.96 bp9.6 bp −$10doesn't fitdoesn't fitdoesn't fit

OP on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
GMX OP/USD [OP-USDC]L −0.1440% / S +0.0291%1h$13K—100xas long as short
Coinbase International OP-PERP-INTX−0.0296%1h$22K$91K50xas long as short
MEXC OP_USDT−0.0105%8h$19.9M$8.8M300xas long as short
Extended OP-USD−0.0104%1h$100K$213K25xas long as short
Binance OPUSDT−0.0102%8h$20.8M$69.3M75xas long as short
Orderly PERP_OP_USDC−0.0077%8h$7K$54K10xas long as short
Variational Omni OP−0.0063%8h$231K$46K—as long as short
dYdX OP-USD0.0000%1h$39K$1010xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h$47K$200K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h$1K—150xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BloFin OP-USDT+0.0015%8h$1.1M$582K75xas long as short
Bybit OPUSDT+0.0029%8h$17.7M$28.2M75xas long as short
OKX OP-USDT-SWAP+0.0034%8h$5.9M$33.3M50xas long as short
Aevo OP-PERP+0.0056%1h$4K—3xas long as short
Lighter OP+0.0096%1h$294K$836K15xas long as short
Hyperliquid OP+0.0100%1h$3.9M$3.3M5xas long as short
Aster OPUSDT+0.0100%8h$213K$468K10xas long as short
Gate OP_USDT+0.0100%8h$1.8M$1.8M50xas long as short
KuCoin OPUSDTM+0.0100%8h$2.8M$7.3M75xas long as short
Bitget OPUSDT+0.0100%8h$5.9M$6.5M75xas long as short
BingX OP-USDT+0.0100%8h—$7.0M—as long as short
Backpack OP_USDC_PERPshort+0.0100%1h$132K$180K10x
edgeX OPUSDC+0.0100%4h$9K$380K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$45K$715K50xas long as short
SoDEX OP-USD+0.0100%1h$183$5K5xas long as short
HTX OP-USDTlong+0.0100%8h$180K$277K50x
Kraken Futures PF_OPUSD+0.0243%1h$779K$673K20xas long as short
Injective OP/USDC PERP+0.0248%1h$25K$184K12xas long as short
Reya OPRUSDPERP+0.0431%1h$698—20xas long as short