data as of
Settings8H · net · $10k
Funding arb /

OP

all OP markets
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Funding spread now, next payment 15:00 UTC+0.0067%/8h
next payment, per $10,000+$0.08paid, last 24h+0.039%paid, last 4 days+0.846%to open and close $10k−$122
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective OP/USDC PERP0.12970.0033pay 0.0004% / 1h52m 17s$25K$185K12x
ShortBackpack OP_USDC_PERP0.12650.0100get 0.0013% / 1h52m 17s$131K$165K10x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$14
Slippage, 4 orders
−$111.57
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$107.59
Break-even
60.8 days
Slippage from Injective: live order book, 3 min ago; Backpack: live order book, 2 min ago.

Price risk

price view
Price gap now
−2.490%
Avg gap 7d
+0.135%
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 Injective live order book, 3 min ago35.17 bp58.6 bp −$59doesn't fitdoesn't fitdoesn't fit
Sell Backpack live order book, 2 min ago1.57 bp10.6 bp −$11doesn'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 −0.1208% / S +0.0249%1h$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0328%1h$27K$85K50xas long as short
Binance OPUSDT−0.0148%8h$20.5M$64.5M75xas long as short
MEXC OP_USDT−0.0147%8h$19.6M$8.7M300xas long as short
Extended OP-USD−0.0144%1h$101K$217K25xas long as short
SoDEX OP-USD−0.0102%1h$163$5K5xas long as short
Orderly PERP_OP_USDC−0.0072%8h$6K$53K10xas long as short
Variational Omni OP−0.0057%8h$235K$39Kas long as short
BloFin OP-USDT−0.0028%8h$1.0M$574K75xas long as short
dYdX OP-USD0.0000%1h$39K$1010xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Deribit OP_USDC-PERPETUAL0.0000%1h$48K$220K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0001%1h$2K150xas long as short
Bybit OPUSDT+0.0016%8h$17.9M$27.1M75xas long as short
Injective OP/USDC PERPlong+0.0033%1h$25K$185K12x
Aevo OP-PERP+0.0048%1h$4K3xas long as short
OKX OP-USDT-SWAP+0.0076%8h$6.0M$32.1M50xas long as short
Lighter OP+0.0096%1h$364K$740K15xas long as short
Hyperliquid OP+0.0100%1h$4.0M$3.1M5xas long as short
Aster OPUSDT+0.0100%8h$199K$434K10xas long as short
Gate OP_USDT+0.0100%8h$1.8M$1.7M50xas long as short
KuCoin OPUSDTM+0.0100%8h$2.9M$6.7M75xas long as short
Bitget OPUSDT+0.0100%8h$5.9M$6.1M75xas long as short
BingX OP-USDC+0.0100%8h$1.6Mas long as short
Backpack OP_USDC_PERPshort+0.0100%1h$131K$165K10x
edgeX OPUSDC+0.0100%4h$4K$408K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$46K$703K50xas long as short
HTX OP-USDT+0.0100%8h$188K$233K50xas long as short
Kraken Futures PF_OPUSD+0.0143%1h$782K$662K20xas long as short
Reya OPRUSDPERP+0.0430%1h$70420xas long as short