Settings8H · net · $10k
Funding arb · Price arb /

OP

all OP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.1428%/8h= −156.3% APRpaid last 24h −0.340%
Price spread now: Injective against HTX−0.617%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−1.392%−$139 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$43 a day on $10k at the current rate, and Injective is 0.617% cheaper against HTX than usual: you would sell low and buy high (−$62 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX OP-USDT0.12650.0100pay 0.0100% / 8h7h 00m$172K$266K50x
ShortInjective OP/USDC PERP0.1257−0.1328pay 0.0166% / 1h0m 36s$35K$67K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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

Funding earned
−$299.78
Price spread: −0.617% → 0.000%
−$61.67
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$373.47
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: HTX: live order book, 31 min ago; Injective: 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
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 31 min ago10.87 bp22.1 bp −$223021.6 bp −$30.2Kdoesn't fitdoesn't fit
Sell Injective no order-book sample
Injective: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective OP/USDC PERPshort−0.1328%1h0.1257−0.617%$35K$67K12x
GMX OP/USD [OP-USDC]L −0.1164% / S +0.0246%1h0.1263−0.117%$13K100xas long as short
Deribit OP_USDC-PERPETUAL−0.0541%1h0.1263−0.142%$31K$153K25xas long as short
Orderly PERP_OP_USDC−0.0050%8h0.1263−0.142%$12K$233K10xas long as short
dYdX OP-USD0.0000%1h0.1264−0.079%$39K$52210xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1264−0.091%150xas long as short
KuCoin OPUSDTM+0.0016%8h0.1262−0.221%$2.9M$6.0M75xas long as short
Variational Omni OP+0.0073%8h0.1262−0.220%$223K$46Kas long as short
Binance OPUSDT+0.0091%8h0.1263−0.112%$19.5M$68.0M75xas long as short
MEXC OP_USDT+0.0092%8h0.1264−0.095%$22.5M$7.9M300xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter OP+0.0096%1h0.1264−0.063%$290K$1.1M15xas long as short
Extended OP-USD+0.0096%1h0.1263−0.170%$104K$590K25xas long as short
Hyperliquid OP+0.0100%1h0.1264−0.087%$3.5M$3.7M5xas long as short
Aster OPUSDT+0.0100%8h0.1264−0.048%$204K$211K10xas long as short
Bybit OPUSDT+0.0100%8h0.1263−0.174%$18.5M$26.2M75xas long as short
OKX OP-USDT-SWAP+0.0100%8h0.1263−0.127%$6.1M$29.6M50xas long as short
Gate OP_USDT+0.0100%8h0.1264−0.087%$2.0M$1.5M50xas long as short
Bitget OPUSDT+0.0100%8h0.1263−0.142%$5.8M$6.8M75xas long as short
BingX OP-USDC+0.0100%8h0.1264−0.063%$1.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1263−0.158%$113K$214K10xas long as short
edgeX OPUSDC+0.0100%4h0.1263−0.120%$4K$1.1M10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1263−0.143%$307K$5.4M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1264−0.063%$44K$692K50xas long as short
SoDEX OP-USD+0.0100%1h0.1263−0.134%$191$5K5xas long as short
HTX OP-USDTlong+0.0100%8h0.1265long leg$172K$266K50x
Aevo OP-PERP+0.0104%1h0.1263−0.142%$3K$1K3xas long as short
Coinbase International OP-PERP-INTX+0.0112%1h0.1265+0.016%$25K$69K50xas long as short
Kraken Futures PF_OPUSD+0.0153%1h0.1265+0.051%$749K$734K20xas long as short
BloFin OP-USDT+0.0212%8h0.1265−0.024%$989K$279K75xas long as short
Reya OPRUSDPERP+0.0445%1h0.1263−0.156%$70220xas long as short