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

OP

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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 15:00 UTC−0.0042%/8h
paid, last 24h+0.005%paid, last 7 days−0.026%to open and close $10k−$85
Long on Kraken FuturesShort on Bitget
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_OPUSD0.12720.0142pay 0.0018% / 1h47m 23s$784K$662K20x
ShortBitget OPUSDT0.12700.0100get 0.0100% / 8h1h 47m$5.9M$6.1M75x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$8.91
Slippage, 4 orders
−$62.99
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$93.9
Break-even
never at this rate
Slippage from Kraken Futures: live order book, 7 min ago; Bitget: live order book, 2 min ago.

Price risk

price view
Price gap now
−0.180%
Avg gap 7d
−0.092%
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 Kraken Futures live order book, 7 min ago12.12 bp36.2 bp −$36107.8 bp −$1,078doesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago3.94 bp16.6 bp −$1735.4 bp −$354124.0 bp −$12.4Kdoesn'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$13K—100xas long as short
ApeX Omni OPUSDT−0.0487%1h$45K$704K50xas long as short
Coinbase International OP-PERP-INTX−0.0328%1h$27K$85K50xas long as short
Binance OPUSDT−0.0152%8h$20.6M$64.8M75xas long as short
Extended OP-USD−0.0152%1h$101K$217K25xas long as short
MEXC OP_USDT−0.0152%8h$19.8M$8.7M300xas long as short
Orderly PERP_OP_USDC−0.0073%8h$7K$53K10xas long as short
Variational Omni OP−0.0062%8h$233K$44K—as long as short
BloFin OP-USDT−0.0033%8h$1.0M$577K75xas 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$2K—150xas long as short
Bybit OPUSDT+0.0019%8h$17.9M$27.1M75xas long as short
Injective OP/USDC PERP+0.0033%1h$25K$185K12xas long as short
Aevo OP-PERP+0.0040%1h$4K—3xas long as short
OKX OP-USDT-SWAP+0.0071%8h$6.0M$32.3M50xas long as short
SoDEX OP-USD+0.0090%1h$163$5K5xas long as short
Lighter OP+0.0096%1h$367K$743K15xas long as short
Hyperliquid OP+0.0100%1h$4.0M$3.1M5xas long as short
Aster OPUSDT+0.0100%8h$200K$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 OPUSDTshort+0.0100%8h$5.9M$6.1M75x
BingX OP-USDC+0.0100%8h—$1.6M—as long as short
Backpack OP_USDC_PERP+0.0100%1h$132K$166K10xas long as short
edgeX OPUSDC+0.0100%4h$4K$409K10xas long as short
HTX OP-USDT+0.0100%8h$192K$233K50xas long as short
Kraken Futures PF_OPUSDlong+0.0142%1h$784K$662K20x
Reya OPRUSDPERP+0.0430%1h$706—20xas long as short