OP

Alert

Funding spread now, next payment 19:00 UTC+0.1942%/8h

paid, last 24h+0.033%paid, last 4 days+0.681%to open and close $10k−$157

The current rate is far above what this pair has been paying: over the last 4 days it paid 0.681% in total (about 67.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective OP/USDC PERP	0.1234	−0.1842	get 0.0230% / 1h	51m 49s	$34K	$86K	12x
Short	KuCoin OPUSDTM	0.1244	0.0100	get 0.0100% / 8h	5h 51m	$2.9M	$7.5M	75x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee KuCoinbpOrdersRate

Funding earned: $407.88
Slippage, 4 orders: −$145.23
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $250.64
Break-even: 2.7 days

Slippage from Injective: live order book, 49 min ago; KuCoin: live order book, 3 min ago.

Price risk

price view

Price gap now: +0.810%
Avg gap 7d: +0.069%

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 Injective live order book, 49 min ago	36.31 bp	60.4 bp −$60	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	8.05 bp	26.6 bp −$27	80.1 bp −$801	doesn't fit	doesn't fit

OP on 29 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective OP/USDC PERPlong	−0.1842%	1h	$34K	$86K	12x
GMX OP/USD [OP-USDC]	L −0.1436% / S +0.0290%	1h	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0336%	1h	$21K	$70K	50x	as long as short
Variational Omni OP	−0.0120%	8h	$224K	$42K	—	as long as short
Orderly PERP_OP_USDC	−0.0052%	8h	$6K	$54K	10x	as long as short
dYdX OP-USD	0.0000%	1h	$38K	$10	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	$43K	$187K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	—	—	150x	as long as short
Bybit OPUSDT	+0.0014%	8h	$18.1M	$26.7M	75x	as long as short
OKX OP-USDT-SWAP	+0.0019%	8h	$5.7M	$31.2M	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC OP_USDT	+0.0069%	8h	$19.7M	$7.3M	300x	as long as short
Extended OP-USD	+0.0072%	1h	$99K	$206K	25x	as long as short
Binance OPUSDT	+0.0072%	8h	$19.8M	$66.4M	75x	as long as short
Gate OP_USDT	+0.0075%	8h	$1.8M	$1.4M	50x	as long as short
Lighter OP	+0.0096%	1h	$268K	$904K	15x	as long as short
Aevo OP-PERP	+0.0096%	1h	$4K	—	3x	as long as short
Hyperliquid OP	+0.0100%	1h	$3.9M	$3.2M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	$212K	$268K	10x	as long as short
KuCoin OPUSDTMshort	+0.0100%	8h	$2.9M	$7.5M	75x
Bitget OPUSDT	+0.0100%	8h	$5.9M	$6.3M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	$128K	$200K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	$9K	$378K	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	$44K	$718K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	$206	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	$177K	$273K	50x	as long as short
BloFin OP-USDT	+0.0190%	8h	$1.0M	$321K	75x	as long as short
Reya OPRUSDPERP	+0.0433%	1h	$692	—	20x	as long as short
Kraken Futures PF_OPUSD	+0.0541%	1h	$772K	$784K	20x	as long as short