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 16:00 UTC−0.0140%/8h
paid, last 24h−0.030%paid, last 7 days−0.152%to open and close $10k−$116
Long on Kraken FuturesShort on Gate
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_OPUSD0.12720.0240pay 0.0030% / 1h43m 50s$784K$658K20x
ShortGate OP_USDT0.12700.0100get 0.0100% / 8h43m 50s$1.8M$1.7M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$29.47
Slippage, 4 orders
−$91
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$145.47
Break-even
never at this rate
Slippage from Kraken Futures: live order book, 6 min ago; Gate: live order book, 5 min ago.

Price risk

price view
Price gap now
−0.233%
Avg gap 7d
−0.098%
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, 6 min ago20.77 bp28.8 bp −$2998.7 bp −$987doesn't fitdoesn't fit
Sell Gate live order book, 5 min ago5.10 bp27.9 bp −$2864.6 bp −$646doesn't fitdoesn't fit

OP on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
GMX OP/USD [OP-USDC]L −0.1469% / S +0.0291%1h$13K—100xas long as short
Coinbase International OP-PERP-INTX−0.0296%1h$27K$85K50xas long as short
Binance OPUSDT−0.0129%8h$20.9M$66.1M75xas long as short
Extended OP-USD−0.0128%1h$102K$214K25xas long as short
MEXC OP_USDT−0.0128%8h$20.1M$8.5M300xas long as short
Orderly PERP_OP_USDC−0.0079%8h$7K$53K10xas long as short
Variational Omni OP−0.0066%8h$235K$45K—as long as short
BloFin OP-USDT−0.0008%8h$1.0M$583K75xas long as short
dYdX OP-USD0.0000%1h$39K$1010xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h$48K$200K25xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) OP/USDL +0.0005% / S −0.0004%1h$1K—150xas long as short
Bybit OPUSDT+0.0014%8h$17.8M$27.4M75xas long as short
OKX OP-USDT-SWAP+0.0038%8h$6.1M$32.6M50xas long as short
Aevo OP-PERP+0.0048%1h$4K—3xas long as short
Lighter OP+0.0096%1h$298K$829K15xas long as short
Hyperliquid OP+0.0100%1h$4.0M$3.1M5xas long as short
Aster OPUSDT+0.0100%8h$200K$441K10xas long as short
Gate OP_USDTshort+0.0100%8h$1.8M$1.7M50x
KuCoin OPUSDTM+0.0100%8h$2.8M$7.0M75xas long as short
Bitget OPUSDT+0.0100%8h$5.9M$6.2M75xas long as short
BingX OP-USDC+0.0100%8h—$1.6M—as long as short
Backpack OP_USDC_PERP+0.0100%1h$133K$168K10xas long as short
edgeX OPUSDC+0.0100%4h$9K$379K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$46K$714K50xas long as short
SoDEX OP-USD+0.0100%1h$178$5K5xas long as short
HTX OP-USDT+0.0100%8h$191K$245K50xas long as short
Kraken Futures PF_OPUSDlong+0.0240%1h$784K$658K20x
Injective OP/USDC PERP+0.0248%1h$25K$184K12xas long as short
Reya OPRUSDPERP+0.0431%1h$706—20xas long as short