OP

Alert

Funding spread now, next payment 16:00 UTC−0.0238%/8h

next payment, per $10,000−$0.30paid, last 24h−0.028%paid, last 3 days−0.169%to open and closeno order book

Long on Kraken Futures Short on gTrade (Gains Network)

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_OPUSD	0.1261	0.0243	pay 0.0030% / 1h	33m 44s	$777K	$655K	20x
Short	gTrade (Gains Network) OP/USD	0.1260	L +0.0005% / S −0.0004%	get 0.0001% / 1h	33m 44s	$1K	—	150x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee gTrade (Gains Network)bpOrdersRate

Funding earned: −$49.99
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$69.99
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 16 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.084%
Avg gap 7d: —

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 Kraken Futures live order book, 16 min ago	20.77 bp	28.8 bp −$29	98.7 bp −$987	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

OP on 29 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
GMX OP/USD [OP-USDC]	L −0.1469% / S +0.0291%	1h	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0296%	1h	$27K	$84K	50x	as long as short
MEXC OP_USDT	−0.0123%	8h	$20.0M	$8.7M	300x	as long as short
Binance OPUSDT	−0.0121%	8h	$20.7M	$66.9M	75x	as long as short
Extended OP-USD	−0.0120%	1h	$101K	$214K	25x	as long as short
Orderly PERP_OP_USDC	−0.0079%	8h	$6K	$53K	10x	as long as short
Variational Omni OP	−0.0066%	8h	$231K	$46K	—	as long as short
BloFin OP-USDT	−0.0003%	8h	$1.1M	$578K	75x	as long as short
dYdX OP-USD	0.0000%	1h	$39K	$10	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	$47K	$200K	25x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
gTrade (Gains Network) OP/USDshort	L +0.0005% / S −0.0004%	1h	$1K	—	150x
Bybit OPUSDT	+0.0017%	8h	$17.5M	$27.8M	75x	as long as short
OKX OP-USDT-SWAP	+0.0037%	8h	$6.0M	$32.7M	50x	as long as short
Aevo OP-PERP	+0.0048%	1h	$4K	—	3x	as long as short
Lighter OP	+0.0096%	1h	$294K	$831K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	$3.9M	$3.2M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	$208K	$454K	10x	as long as short
Gate OP_USDT	+0.0100%	8h	$1.8M	$1.7M	50x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	$2.8M	$7.1M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	$5.9M	$6.3M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	—	$7.0M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	$132K	$177K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	$9K	$379K	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	$45K	$716K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	$174	$5K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	$187K	$250K	50x	as long as short
Kraken Futures PF_OPUSDlong	+0.0243%	1h	$777K	$655K	20x
Injective OP/USDC PERP	+0.0248%	1h	$25K	$184K	12x	as long as short
Reya OPRUSDPERP	+0.0431%	1h	$700	—	20x	as long as short