Funding arb · Price arb /

OP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.095%

Price spread now: Coinbase International against HTX+0.016%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.294%−$29 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.294%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX OP-USDT	0.1265	0.0100	pay 0.0100% / 8h	7h 00m	$172K	$266K	50x
Short	Coinbase International OP-PERP-INTX	0.1265	0.0112	get 0.0014% / 1h	0m 26s	$25K	$69K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HTXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.016%Rate

Funding earned: $2.52
Price spread: +0.016% → 0.000%: $1.58
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$17.9
Costs to cover: 0.220%
Break-even: 56.7 days

Slippage unknown: HTX: live order book, 31 min ago; Coinbase International: no order-book sample. Net counts fees only.

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 HTX live order book, 31 min ago	10.87 bp	22.1 bp −$22	3021.6 bp −$30.2K	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective OP/USDC PERP	−0.1328%	1h	0.1257	−0.617%	$35K	$67K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1164% / S +0.0246%	1h	0.1263	−0.117%	$13K	—	100x	as long as short
Deribit OP_USDC-PERPETUAL	−0.0541%	1h	0.1263	−0.142%	$31K	$153K	25x	as long as short
Orderly PERP_OP_USDC	−0.0050%	8h	0.1263	−0.142%	$12K	$233K	10x	as long as short
dYdX OP-USD	0.0000%	1h	0.1264	−0.079%	$39K	$522	10x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1264	−0.092%	—	—	150x	as long as short
KuCoin OPUSDTM	+0.0016%	8h	0.1262	−0.221%	$2.9M	$6.0M	75x	as long as short
Variational Omni OP	+0.0073%	8h	0.1262	−0.220%	$223K	$46K	—	as long as short
Binance OPUSDT	+0.0091%	8h	0.1263	−0.166%	$19.5M	$68.0M	75x	as long as short
MEXC OP_USDT	+0.0092%	8h	0.1263	−0.127%	$22.5M	$7.9M	300x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter OP	+0.0096%	1h	0.1264	−0.063%	$290K	$1.1M	15x	as long as short
Extended OP-USD	+0.0096%	1h	0.1263	−0.170%	$104K	$590K	25x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1263	−0.158%	$3.5M	$3.7M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1264	−0.095%	$204K	$211K	10x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1262	−0.190%	$18.5M	$26.2M	75x	as long as short
OKX OP-USDT-SWAP	+0.0100%	8h	0.1263	−0.134%	$6.1M	$29.6M	50x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1263	−0.134%	$2.0M	$1.5M	50x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1263	−0.142%	$5.8M	$6.8M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	0.1263	−0.142%	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1263	−0.158%	$113K	$214K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1263	−0.120%	$4K	$1.1M	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1263	−0.143%	$307K	$5.4M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1264	−0.063%	$44K	$692K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1263	−0.134%	$191	$5K	5x	as long as short
HTX OP-USDTlong	+0.0100%	8h	0.1265	long leg	$172K	$266K	50x
Aevo OP-PERP	+0.0104%	1h	0.1263	−0.142%	$3K	$1K	3x	as long as short
Coinbase International OP-PERP-INTXshort	+0.0112%	1h	0.1265	+0.016%	$25K	$69K	50x
Kraken Futures PF_OPUSD	+0.0153%	1h	0.1265	+0.051%	$749K	$734K	20x	as long as short
BloFin OP-USDT	+0.0212%	8h	0.1265	−0.024%	$989K	$279K	75x	as long as short
Reya OPRUSDPERP	+0.0445%	1h	0.1263	−0.156%	$702	—	20x	as long as short