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

OP

all OP markets
SwapPrice view
Alert
Measured
My alerts

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 UTC+0.0585%/8h
next payment, per $10,000+$0.73paid, last 24h+0.056%paid, last 4 days+0.685%to open and close $10k−$142
Long on InjectiveShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective OP/USDC PERP0.12760.0033pay 0.0004% / 1h7m 21s$25K$134K12x
ShortKraken Futures PF_OPUSD0.12400.0618get 0.0077% / 1h7m 21s$768K$671K20x

Funding history

latest
Range statsloading…

Funding on every exchange

click an exchange to add or hide it
latest

Profit calculator

Funding earned
$122.87
Slippage, 4 orders
−$132.4
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$19.55
Break-even
8.1 days
Slippage from Injective: live order book, 33 min ago; Kraken Futures: live order book, 32 min ago.

Price risk

price view
Price gap now
−2.855%
Avg gap 7d
+0.184%
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, 33 min ago36.31 bp60.4 bp −$60doesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures live order book, 32 min ago9.25 bp18.0 bp −$1869.1 bp −$691doesn'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$69K50xas long as short
Variational Omni OP−0.0130%8h$226K$40K—as long as short
Bybit OPUSDT−0.0100%8h$17.4M$25.4M75xas long as short
Orderly PERP_OP_USDC−0.0057%8h$6K$54K10xas long as short
dYdX OP-USD0.0000%1h$38K$1010xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h$44K$203K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h——150xas long as short
OKX OP-USDT-SWAP+0.0010%8h$5.7M$30.4M50xas long as short
Injective OP/USDC PERPlong+0.0033%1h$25K$134K12x
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate OP_USDT+0.0043%8h$1.8M$1.5M50xas long as short
Extended OP-USD+0.0048%1h$99K$206K25xas long as short
MEXC OP_USDT+0.0048%8h$20.0M$8.4M300xas long as short
Binance OPUSDT+0.0051%8h$20.1M$64.0M75xas long as short
Lighter OP+0.0096%1h$266K$917K15xas long as short
Aevo OP-PERP+0.0096%1h$4K—3xas long as short
Hyperliquid OP+0.0100%1h$3.9M$3.1M5xas long as short
Aster OPUSDT+0.0100%8h$200K$255K10xas long as short
KuCoin OPUSDTM+0.0100%8h$2.9M$7.2M75xas long as short
Bitget OPUSDT+0.0100%8h$5.8M$5.9M75xas long as short
BingX OP-USDT+0.0100%8h—$7.0M—as long as short
Backpack OP_USDC_PERP+0.0100%1h$126K$200K10xas long as short
edgeX OPUSDC+0.0100%4h$9K$380K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$44K$718K50xas long as short
SoDEX OP-USD+0.0100%1h$193$6K5xas long as short
HTX OP-USDT+0.0100%8h$175K$261K50xas long as short
BloFin OP-USDT+0.0169%8h$1.0M$335K75xas long as short
Reya OPRUSDPERP+0.0433%1h$689—20xas long as short
Kraken Futures PF_OPUSDshort+0.0618%1h$768K$671K20x