OP

Alert

Funding spread now, next payment 15:00 UTC−0.0052%/8h

next payment, per $10,000−$0.07paid, last 24h−0.005%paid, last 5 days+0.055%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid OP	0.1289	0.0100	pay 0.0013% / 1h	57m 06s	$4.1M	$3.0M	5x
Short	Aevo OP-PERP	0.1287	0.0048	get 0.0006% / 1h	57m 06s	$4K	—	3x

Funding history

latest

Range statsloading…

Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee AevobpOrdersRate

Funding earned: −$10.92
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$35.92
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 6 min ago; Aevo: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.147%
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 Hyperliquid live order book, 6 min ago	1.16 bp	11.2 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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]	L −0.1208% / S +0.0249%	1h	$13K	—	100x	as long as short
Deribit OP_USDC-PERPETUAL	−0.0526%	1h	$40K	$212K	25x	as long as short
Coinbase International OP-PERP-INTX	−0.0328%	1h	$28K	$87K	50x	as long as short
Extended OP-USD	−0.0136%	1h	$103K	$217K	25x	as long as short
Binance OPUSDT	−0.0135%	8h	$20.9M	$63.8M	75x	as long as short
MEXC OP_USDT	−0.0133%	8h	$19.9M	$8.6M	300x	as long as short
Orderly PERP_OP_USDC	−0.0067%	8h	$7K	$51K	10x	as long as short
Variational Omni OP	−0.0060%	8h	$236K	$39K	—	as long as short
BloFin OP-USDT	−0.0015%	8h	$1.0M	$583K	75x	as long as short
SoDEX OP-USD	−0.0014%	1h	$173	$5K	5x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
dYdX OP-USD	0.0000%	1h	$40K	$10	10x	as long as short
gTrade (Gains Network) OP/USD	L +0.0005% / S −0.0004%	1h	$1K	—	150x	as long as short
Bybit OPUSDT	+0.0011%	8h	$18.2M	$26.8M	75x	as long as short
Injective OP/USDC PERP	+0.0033%	1h	$25K	$185K	12x	as long as short
Aevo OP-PERPshort	+0.0048%	1h	$4K	—	3x
OKX OP-USDT-SWAP	+0.0079%	8h	$6.3M	$31.8M	50x	as long as short
Hyperliquid OPlong	+0.0100%	1h	$4.1M	$3.0M	5x
Aster OPUSDT	+0.0100%	8h	$203K	$438K	10x	as long as short
Gate OP_USDT	+0.0100%	8h	$1.8M	$1.6M	50x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	$3.0M	$6.6M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	$6.0M	$6.1M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	—	$6.4M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	$134K	$161K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	$4K	$407K	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	$46K	$704K	50x	as long as short
HTX OP-USDT	+0.0100%	8h	$191K	$228K	50x	as long as short
Kraken Futures PF_OPUSD	+0.0141%	1h	$790K	$660K	20x	as long as short
Reya OPRUSDPERP	+0.0430%	1h	$716	—	20x	as long as short
Lighter OP	+0.0832%	1h	$371K	$738K	15x	as long as short