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−0.0093%/8h
next payment, per $10,000−$0.93paid, last 24h+0.008%paid, last 7 days+0.154%to open and close $10k−$79
Long on KuCoinShort on BloFin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin OPUSDTM0.12880.0100pay 0.0100% / 8h2h 29m$2.9M$6.5M75x
ShortBloFin OP-USDT0.12900.0007get 0.0007% / 8h2h 29m$1.0M$570K75x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$19.55
Slippage, 4 orders
−$54.8
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$98.35
Break-even
never at this rate
Slippage from KuCoin: live order book, 4 min ago; BloFin: live order book, 4 min ago.

Price risk

price view
Price gap now
+0.140%
Avg gap 7d
+0.033%
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 KuCoin live order book, 4 min ago3.87 bp20.5 bp −$2182.9 bp −$829doesn't fitdoesn't fit
Sell BloFin live order book, 4 min ago0.77 bp12.7 bp −$1313.6 bp −$13641.2 bp −$4,125doesn't fit

OP on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
GMX OP/USD [OP-USDC]L −0.1208% / S +0.0249%1h$13K—100xas long as short
Deribit OP_USDC-PERPETUAL−0.0526%1h$44K$188K25xas long as short
Coinbase International OP-PERP-INTX−0.0416%1h$28K$97K50xas long as short
Extended OP-USD−0.0120%1h$105K$208K25xas long as short
Binance OPUSDT−0.0116%8h$21.0M$62.0M75xas long as short
MEXC OP_USDT−0.0113%8h$19.9M$8.7M300xas long as short
Variational Omni OP−0.0060%8h$234K$36K—as long as short
Orderly PERP_OP_USDC−0.0055%8h$7K$51K10xas long as short
dYdX OP-USD0.0000%1h$40K$1010xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h——150xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BloFin OP-USDTshort+0.0007%8h$1.0M$570K75x
Bybit OPUSDT+0.0012%8h$18.1M$26.3M75xas long as short
Injective OP/USDC PERP+0.0033%1h$25K$185K12xas long as short
Aevo OP-PERP+0.0056%1h$4K—3xas long as short
OKX OP-USDT-SWAP+0.0068%8h$6.2M$31.1M50xas long as short
Lighter OP+0.0096%1h$298K$336K15xas long as short
Hyperliquid OP+0.0100%1h$4.1M$3.0M5xas long as short
Aster OPUSDT+0.0100%8h$200K$418K10xas long as short
Gate OP_USDT+0.0100%8h$1.8M$1.7M50xas long as short
KuCoin OPUSDTMlong+0.0100%8h$2.9M$6.5M75x
Bitget OPUSDT+0.0100%8h$6.1M$5.7M75xas long as short
BingX OP-USDT+0.0100%8h—$6.2M—as long as short
Backpack OP_USDC_PERP+0.0100%1h$134K$154K10xas long as short
edgeX OPUSDC+0.0100%4h$4K$408K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$46K$703K50xas long as short
SoDEX OP-USD+0.0100%1h$180$5K5xas long as short
HTX OP-USDT+0.0100%8h$192K$219K50xas long as short
Kraken Futures PF_OPUSD+0.0233%1h$791K$648K20xas long as short
Reya OPRUSDPERP+0.0429%1h$716—20xas long as short