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

OP

all OP markets
SwapPrice view
Alert
Funding spread now, next payment 17:00 UTC−0.0390%/8h
paid, last 24h+0.026%paid, last 4 days+0.663%to open and close $10k−$125
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective OP/USDC PERP0.12760.0033pay 0.0004% / 1h23m 34s$25K$184K12x
ShortBybit OPUSDT0.1266−0.0357pay 0.0357% / 8h7h 23m$17.9M$27.5M75x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$81.87
Slippage, 4 orders
−$113.92
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$206.81
Break-even
never at this rate
Slippage from Injective: live order book, 22 min ago; Bybit: live order book, 2 min ago.

Price risk

price view
Price gap now
−0.807%
Avg gap 7d
+0.044%
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, 22 min ago31.72 bp63.3 bp −$63doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago0.40 bp13.3 bp −$1330.0 bp −$30087.7 bp −$8,770doesn't fit

OP on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
GMX OP/USD [OP-USDC]L −0.1162% / S +0.0245%1h$13K100xas long as short
Bybit OPUSDTshort−0.0357%8h$17.9M$27.5M75x
Coinbase International OP-PERP-INTX−0.0304%1h$22K$85K50xas long as short
Variational Omni OP−0.0108%8h$235K$43Kas long as short
Orderly PERP_OP_USDC−0.0074%8h$6K$53K10xas long as short
Binance OPUSDT−0.0020%8h$20.7M$68.7M75xas long as short
MEXC OP_USDT−0.0019%8h$20.3M$8.8M300xas long as short
Extended OP-USD−0.0016%1h$101K$208K25xas long as short
dYdX OP-USD0.0000%1h$39K$1010xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h$47K$200K25xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h150xas long as short
OKX OP-USDT-SWAP+0.0028%8h$6.0M$33.3M50xas long as short
Injective OP/USDC PERPlong+0.0033%1h$25K$184K12x
Aevo OP-PERP+0.0080%1h$4K3xas long as short
Lighter OP+0.0096%1h$284K$900K15xas long as short
Hyperliquid OP+0.0100%1h$3.9M$3.3M5xas long as short
Aster OPUSDT+0.0100%8h$213K$465K10xas long as short
Gate OP_USDT+0.0100%8h$1.8M$1.6M50xas long as short
KuCoin OPUSDTM+0.0100%8h$2.9M$7.4M75xas long as short
Bitget OPUSDT+0.0100%8h$6.0M$6.4M75xas long as short
BingX OP-USDT+0.0100%8h$6.9Mas long as short
Backpack OP_USDC_PERP+0.0100%1h$137K$187K10xas long as short
edgeX OPUSDC+0.0100%4h$9K$378K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$45K$712K50xas long as short
SoDEX OP-USD+0.0100%1h$185$6K5xas long as short
HTX OP-USDT+0.0100%8h$181K$270K50xas long as short
BloFin OP-USDT+0.0102%8h$1.0M$583K75xas long as short
Reya OPRUSDPERP+0.0432%1h$70420xas long as short
Kraken Futures PF_OPUSD+0.0469%1h$788K$679K20xas long as short