OP

Alert

Funding spread now, next payment 15:00 UTC−0.0433%/8h

next payment, per $10,000−$0.54paid, last 24h−0.088%paid, last 3 days−0.353%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_OPUSD	0.1276	0.0142	pay 0.0018% / 1h	28m 18s	$786K	$662K	20x
Short	GMX OP/USD [OP-USDC]	0.1277	L −0.1469% / S +0.0291%	pay 0.0036% / 1h	28m 18s	$13K	—	100x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee GMXbpOrdersRate

Funding earned: −$90.84
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$112.84
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 26 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.058%
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, 26 min ago	12.12 bp	36.2 bp −$36	107.8 bp −$1,078	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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]short	L −0.1469% / S +0.0291%	1h	$13K	—	100x
Coinbase International OP-PERP-INTX	−0.0328%	1h	$28K	$84K	50x	as long as short
Extended OP-USD	−0.0144%	1h	$102K	$214K	25x	as long as short
Binance OPUSDT	−0.0140%	8h	$20.7M	$64.8M	75x	as long as short
MEXC OP_USDT	−0.0139%	8h	$20.2M	$8.9M	300x	as long as short
Orderly PERP_OP_USDC	−0.0073%	8h	$7K	$53K	10x	as long as short
Variational Omni OP	−0.0063%	8h	$236K	$45K	—	as long as short
BloFin OP-USDT	−0.0019%	8h	$1.0M	$582K	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	$48K	$201K	25x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
gTrade (Gains Network) OP/USD	L +0.0005% / S −0.0004%	1h	$1K	—	150x	as long as short
Bybit OPUSDT	+0.0006%	8h	$17.9M	$27.0M	75x	as long as short
Injective OP/USDC PERP	+0.0033%	1h	$25K	$185K	12x	as long as short
Aevo OP-PERP	+0.0048%	1h	$4K	—	3x	as long as short
OKX OP-USDT-SWAP	+0.0079%	8h	$6.0M	$32.3M	50x	as long as short
Lighter OP	+0.0096%	1h	$371K	$750K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	$4.1M	$3.1M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	$201K	$433K	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	$2.9M	$6.8M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	$6.0M	$6.0M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	$133K	$163K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	$4K	$408K	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	$46K	$710K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	$161	$5K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	$193K	$243K	50x	as long as short
Kraken Futures PF_OPUSDlong	+0.0142%	1h	$786K	$662K	20x
Reya OPRUSDPERP	+0.0430%	1h	$710	—	20x	as long as short