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−0.0202%/8h
paid, last 24h−0.018%paid, last 3 days−0.115%to open and closeno order book
Long on Kraken FuturesShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_OPUSD0.12820.0141pay 0.0018% / 1h32m 43s$790K$663K20x
ShortVariational Omni OP0.1276−0.0060pay 0.0060% / 8h1h 32m$235K$44K—

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$42.32
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$52.32
Break-even
never at this rate
Slippage unknown: Kraken Futures: live order book, 22 min ago; Variational Omni: RFQ quote, 23 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.468%
Avg gap 7d
−0.145%
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, 22 min ago12.12 bp36.2 bp −$36107.8 bp −$1,078doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 23 min ago7.79 bpdoesn't fit31.2 bp −$312doesn'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−0.0142%8h$20.7M$64.6M75xas long as short
MEXC OP_USDT−0.0141%8h$20.2M$8.8M300xas long as short
Orderly PERP_OP_USDC−0.0074%8h$7K$53K10xas long as short
Variational Omni OPshort−0.0060%8h$235K$44K—
BloFin OP-USDT−0.0022%8h$1.0M$583K75xas long as short
dYdX OP-USD0.0000%1h$40K$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+0.0012%8h$18.0M$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+0.0081%8h$6.1M$32.4M50xas long as short
Lighter OP+0.0096%1h$371K$750K15xas long as short
Hyperliquid OP+0.0100%1h$4.1M$3.1M5xas long as short
Aster OPUSDT+0.0100%8h$202K$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 OPUSDT+0.0100%8h$6.0M$6.0M75xas long as short
BingX OP-USDT+0.0100%8h—$6.5M—as long as short
Backpack OP_USDC_PERP+0.0100%1h$133K$163K10xas long as short
edgeX OPUSDC+0.0100%4h$4K$407K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$46K$710K50xas long as short
SoDEX OP-USD+0.0100%1h$160$5K5xas long as short
HTX OP-USDT+0.0100%8h$193K$243K50xas long as short
Kraken Futures PF_OPUSDlong+0.0141%1h$790K$663K20x
Reya OPRUSDPERP+0.0430%1h$711—20xas long as short