OP

Alert

Funding spread now, next payment 17:00 UTC−0.0096%/8h

paid, last 24h−0.029%paid, last 3 days−0.176%to open and closeno order book

Long on KuCoin Short on gTrade (Gains Network)

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin OPUSDTM	0.1270	0.0100	pay 0.0100% / 8h	7h 37m	$2.8M	$7.4M	75x
Short	gTrade (Gains Network) OP/USD	0.1272	L +0.0004% / S −0.0004%	get 0.0000% / 1h	37m 01s	—	—	150x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee gTrade (Gains Network)bpOrdersRate

Funding earned: −$20.17
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$42.17
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 7 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.162%
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 KuCoin live order book, 7 min ago	7.89 bp	32.1 bp −$32	72.8 bp −$728	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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]	L −0.1440% / S +0.0291%	1h	$13K	—	100x	as long as short
Deribit OP_USDC-PERPETUAL	−0.0537%	1h	$48K	$200K	25x	as long as short
Coinbase International OP-PERP-INTX	−0.0304%	1h	$22K	$91K	50x	as long as short
Bybit OPUSDT	−0.0112%	8h	$18.0M	$28.0M	75x	as long as short
Variational Omni OP	−0.0090%	8h	$235K	$46K	—	as long as short
Orderly PERP_OP_USDC	−0.0075%	8h	$7K	$54K	10x	as long as short
Extended OP-USD	−0.0032%	1h	$102K	$212K	25x	as long as short
Binance OPUSDT	−0.0030%	8h	$20.9M	$69.2M	75x	as long as short
MEXC OP_USDT	−0.0030%	8h	$20.3M	$8.8M	300x	as long as short
dYdX OP-USD	0.0000%	1h	$39K	$10	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
gTrade (Gains Network) OP/USDshort	L +0.0004% / S −0.0004%	1h	—	—	150x
Injective OP/USDC PERP	+0.0033%	1h	$25K	$184K	12x	as long as short
OKX OP-USDT-SWAP	+0.0043%	8h	$6.1M	$33.7M	50x	as long as short
Aevo OP-PERP	+0.0072%	1h	$4K	—	3x	as long as short
BloFin OP-USDT	+0.0090%	8h	$1.0M	$586K	75x	as long as short
Lighter OP	+0.0096%	1h	$285K	$862K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	$4.0M	$3.3M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	$215K	$470K	10x	as long as short
Gate OP_USDT	+0.0100%	8h	$1.8M	$1.6M	50x	as long as short
KuCoin OPUSDTMlong	+0.0100%	8h	$2.8M	$7.4M	75x
Bitget OPUSDT	+0.0100%	8h	$6.0M	$6.5M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	—	$7.0M	—	as long as short
edgeX OPUSDC	+0.0100%	4h	$9K	$380K	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	$46K	$713K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	$189	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	$182K	$269K	50x	as long as short
Backpack OP_USDC_PERP	+0.0147%	1h	$135K	$185K	10x	as long as short
Reya OPRUSDPERP	+0.0432%	1h	$707	—	20x	as long as short
Kraken Futures PF_OPUSD	+0.0468%	1h	$790K	$682K	20x	as long as short