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−0.0088%/8h
next payment, per $10,000−$0.88paid, last 24h0.000%paid, last 7 days−0.049%to open and close $10k−$80
Long on KuCoinShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin OPUSDTM0.12740.0100pay 0.0100% / 8h1h 41m$2.9M$6.7M75x
ShortBybit OPUSDT0.12720.0012get 0.0012% / 8h1h 41m$17.9M$27.1M75x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$18.47
Slippage, 4 orders
−$56.67
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$98.14
Break-even
never at this rate
Slippage from KuCoin: live order book, 2 min ago; Bybit: live order book, 3 min ago.

Price risk

price view
Price gap now
−0.126%
Avg gap 7d
0.000%
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, 2 min ago7.87 bp27.5 bp −$2868.2 bp −$682doesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago0.39 bp14.2 bp −$1427.9 bp −$27983.7 bp −$8,372doesn'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
Coinbase International OP-PERP-INTX−0.0328%1h$27K$84K50xas long as short
Binance OPUSDT−0.0155%8h$20.6M$64.7M75xas long as short
MEXC OP_USDT−0.0154%8h$20.1M$8.8M300xas long as short
Extended OP-USD−0.0152%1h$102K$214K25xas long as short
ApeX Omni OPUSDT−0.0120%1h$46K$709K50xas long as short
Orderly PERP_OP_USDC−0.0072%8h$7K$53K10xas long as short
Variational Omni OP−0.0060%8h$234K$44K—as long as short
BloFin OP-USDT−0.0035%8h$1.0M$579K75xas long as short
dYdX OP-USD0.0000%1h$39K$1010xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Deribit OP_USDC-PERPETUAL0.0000%1h$48K$220K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0001%1h$2K—150xas long as short
Bybit OPUSDTshort+0.0012%8h$17.9M$27.1M75x
Injective OP/USDC PERP+0.0033%1h$25K$185K12xas long as short
Aevo OP-PERP+0.0040%1h$4K—3xas long as short
OKX OP-USDT-SWAP+0.0070%8h$6.0M$32.2M50xas long as short
Lighter OP+0.0096%1h$370K$749K15xas long as short
Hyperliquid OP+0.0100%1h$4.1M$3.1M5xas long as short
Aster OPUSDT+0.0100%8h$201K$434K10xas long as short
Gate OP_USDT+0.0100%8h$1.8M$1.7M50xas long as short
KuCoin OPUSDTMlong+0.0100%8h$2.9M$6.7M75x
Bitget OPUSDT+0.0100%8h$5.9M$6.1M75xas long as short
BingX OP-USDT+0.0100%8h—$6.5M—as long as short
Backpack OP_USDC_PERP+0.0100%1h$132K$166K10xas long as short
edgeX OPUSDC+0.0100%4h$4K$410K10xas long as short
SoDEX OP-USD+0.0100%1h$166$5K5xas long as short
HTX OP-USDT+0.0100%8h$192K$233K50xas long as short
Kraken Futures PF_OPUSD+0.0142%1h$786K$662K20xas long as short
Reya OPRUSDPERP+0.0430%1h$709—20xas long as short