OP

Alert

Funding spread now, next payment 18:00 UTC−0.0167%/8h

paid, last 24h−0.043%paid, last 5 days−0.020%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid OP	0.1245	0.0100	pay 0.0013% / 1h	36m 21s	$3.9M	$3.2M	5x
Short	Orderly PERP_OP_USDC	0.1245	−0.0067	pay 0.0067% / 8h	6h 36m	$6K	$53K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee OrderlybpOrdersRate

Funding earned: −$35.14
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$50.14
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 7 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.032%
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, 7 min ago	0.40 bp	7.2 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 −0.1436% / S +0.0290%	1h	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0344%	1h	$21K	$74K	50x	as long as short
Variational Omni OP	−0.0126%	8h	$226K	$45K	—	as long as short
Orderly PERP_OP_USDCshort	−0.0067%	8h	$6K	$53K	10x
Bybit OPUSDT	−0.0059%	8h	$17.8M	$26.1M	75x	as long as short
dYdX OP-USD	0.0000%	1h	$38K	$10	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	$47K	$200K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	—	—	150x	as long as short
Extended OP-USD	+0.0008%	1h	$99K	$207K	25x	as long as short
OKX OP-USDT-SWAP	+0.0010%	8h	$5.8M	$31.8M	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC OP_USDT	+0.0011%	8h	$19.8M	$8.2M	300x	as long as short
Binance OPUSDT	+0.0011%	8h	$20.2M	$65.7M	75x	as long as short
Injective OP/USDC PERP	+0.0033%	1h	$25K	$134K	12x	as long as short
BloFin OP-USDT	+0.0045%	8h	$1.0M	$364K	75x	as long as short
Aevo OP-PERP	+0.0080%	1h	$4K	—	3x	as long as short
Lighter OP	+0.0096%	1h	$266K	$914K	15x	as long as short
Hyperliquid OPlong	+0.0100%	1h	$3.9M	$3.2M	5x
Aster OPUSDT	+0.0100%	8h	$206K	$226K	10x	as long as short
Gate OP_USDT	+0.0100%	8h	$1.8M	$1.4M	50x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	$2.9M	$7.3M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	$5.9M	$6.2M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	$132K	$187K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	$9K	$380K	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	$45K	$720K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	$190	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	$177K	$264K	50x	as long as short
Reya OPRUSDPERP	+0.0432%	1h	$692	—	20x	as long as short
Kraken Futures PF_OPUSD	+0.0615%	1h	$773K	$671K	20x	as long as short