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−0.0046%/8h
next payment, per $10,000−$0.06paid, last 24h+0.004%paid, last 7 days+0.024%to open and close $10k−$70
Long on Kraken FuturesShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_OPUSD0.12760.0142pay 0.0018% / 1h28m 12s$786K$662K20x
ShortLighter OP0.12800.0096get 0.0012% / 1h28m 12s$371K$750K15x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$9.66
Slippage, 4 orders
−$60.39
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$80.05
Break-even
never at this rate
Slippage from Kraken Futures: live order book, 26 min ago; Lighter: live order book, 19 min ago.

Price risk

price view
Price gap now
+0.316%
Avg gap 7d
−0.053%
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, 26 min ago12.12 bp36.2 bp −$36107.8 bp −$1,078doesn't fitdoesn't fit
Sell Lighter live order book, 19 min ago5.12 bp6.5 bp −$735.5 bp −$355doesn'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−0.0328%1h$28K$84K50xas long as short
Extended OP-USD−0.0144%1h$102K$214K25xas long as short
Binance OPUSDT−0.0140%8h$20.7M$64.8M75xas long as short
MEXC OP_USDT−0.0139%8h$20.2M$8.9M300xas long as short
Orderly PERP_OP_USDC−0.0073%8h$7K$53K10xas long as short
Variational Omni OP−0.0063%8h$236K$45K—as long as short
BloFin OP-USDT−0.0019%8h$1.0M$582K75xas long as short
dYdX OP-USD0.0000%1h$39K$1010xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h$48K$201K25xas 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+0.0006%8h$17.9M$27.0M75xas long as short
Injective OP/USDC PERP+0.0033%1h$25K$185K12xas long as short
Aevo OP-PERP+0.0048%1h$4K—3xas long as short
OKX OP-USDT-SWAP+0.0079%8h$6.0M$32.3M50xas long as short
Lighter OPshort+0.0096%1h$371K$750K15x
Hyperliquid OP+0.0100%1h$4.1M$3.1M5xas long as short
Aster OPUSDT+0.0100%8h$201K$433K10xas long as short
Gate OP_USDT+0.0100%8h$1.8M$1.7M50xas long as short
KuCoin OPUSDTM+0.0100%8h$2.9M$6.8M75xas long as short
Bitget OPUSDT+0.0100%8h$6.0M$6.0M75xas long as short
BingX OP-USDC+0.0100%8h—$1.6M—as long as short
Backpack OP_USDC_PERP+0.0100%1h$133K$163K10xas long as short
edgeX OPUSDC+0.0100%4h$4K$408K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$46K$710K50xas long as short
SoDEX OP-USD+0.0100%1h$161$5K5xas long as short
HTX OP-USDT+0.0100%8h$193K$243K50xas long as short
Kraken Futures PF_OPUSDlong+0.0142%1h$786K$662K20x
Reya OPRUSDPERP+0.0430%1h$710—20xas long as short