data as of
Settings8H · net · $10k
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 18:00 UTC0.0000%/8h
next payment, per $10,000+$0.00paid, last 24h0.000%paid, last 7 days+0.270%to open and close $10k−$46
Long on HyperliquidShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid OP0.12410.0100pay 0.0013% / 1h23m 59s$3.9M$3.1M5x
ShortBackpack OP_USDC_PERP0.12400.0100get 0.0013% / 1h23m 59s$127K$199K10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$0
Slippage, 4 orders
−$27.16
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$46.16
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; Backpack: live order book, 16 min ago.

Price risk

price view
Price gap now
−0.072%
Avg gap 7d
−0.017%
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 Hyperliquid live order book, 9 min ago1.20 bp11.4 bp −$11doesn't fitdoesn't fitdoesn't fit
Sell Backpack live order book, 16 min ago2.82 bp12.2 bp −$12doesn'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 −0.1711% / S +0.0335%1h$13K—100xas long as short
Coinbase International OP-PERP-INTX−0.0344%1h$21K$73K50xas long as short
Variational Omni OP−0.0131%8h$227K$45K—as long as short
Bybit OPUSDT−0.0079%8h$17.5M$26.0M75xas long as short
Orderly PERP_OP_USDC−0.0063%8h$6K$54K10xas long as short
dYdX OP-USD0.0000%1h$38K$1010xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h$46K$210K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h——150xas long as short
OKX OP-USDT-SWAP+0.0009%8h$5.8M$31.1M50xas long as short
MEXC OP_USDT+0.0027%8h$19.9M$8.3M300xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Binance OPUSDT+0.0029%8h$20.2M$65.6M75xas long as short
Extended OP-USD+0.0032%1h$99K$206K25xas long as short
Injective OP/USDC PERP+0.0033%1h$25K$134K12xas long as short
Gate OP_USDT+0.0064%8h$1.7M$1.4M50xas long as short
Aevo OP-PERP+0.0088%1h$4K—3xas long as short
Lighter OP+0.0096%1h$266K$916K15xas long as short
Hyperliquid OPlong+0.0100%1h$3.9M$3.1M5x
Aster OPUSDT+0.0100%8h$213K$259K10xas long as short
KuCoin OPUSDTM+0.0100%8h$2.9M$7.3M75xas long as short
Bitget OPUSDT+0.0100%8h$5.8M$6.1M75xas long as short
BingX OP-USDC+0.0100%8h—$1.6M—as long as short
Backpack OP_USDC_PERPshort+0.0100%1h$127K$199K10x
edgeX OPUSDC+0.0100%4h$8K$380K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$45K$719K50xas long as short
SoDEX OP-USD+0.0100%1h$186$6K5xas long as short
HTX OP-USDT+0.0100%8h$176K$265K50xas long as short
BloFin OP-USDT+0.0111%8h$1.0M$353K75xas long as short
Reya OPRUSDPERP+0.0433%1h$690—20xas long as short
Kraken Futures PF_OPUSD+0.0617%1h$772K$677K20xas long as short