data as of
Settings8H · net · $10k
Funding arb /

OP

all OP markets
SwapPrice view
Alert
Funding spread now, next payment 18:00 UTC0.0000%/8h
paid, last 24h0.000%paid, last 7 days−0.098%to open and close $10k−$75
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin OPUSDTM0.12440.0100pay 0.0100% / 8h6h 21m$2.9M$7.3M75x
ShortHyperliquid OP0.12450.0100get 0.0013% / 1h21m 52s$3.9M$3.1M5x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$0
Slippage, 4 orders
−$54.12
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$75.12
Break-even
never at this rate
Slippage from KuCoin: live order book, 3 min ago; Hyperliquid: live order book, 1 min ago.

Price risk

price view
Price gap now
+0.080%
Avg gap 7d
+0.039%
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, 3 min ago4.03 bp30.4 bp −$3073.8 bp −$738doesn't fitdoesn't fit
Sell Hyperliquid live order book, 1 min ago1.21 bp8.0 bp −$8doesn't fitdoesn't fitdoesn't fit

OP on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
GMX OP/USD [OP-USDC]L −0.1711% / S +0.0335%1h$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0344%1h$21K$72K50xas long as short
Variational Omni OP−0.0131%8h$227K$45Kas long as short
Bybit OPUSDT−0.0076%8h$17.6M$26.0M75xas long as short
Orderly PERP_OP_USDC−0.0062%8h$6K$54K10xas long as short
dYdX OP-USD0.0000%1h$38K$1010xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h150xas long as short
OKX OP-USDT-SWAP+0.0012%8h$5.8M$31.2M50xas long as short
MEXC OP_USDT+0.0030%8h$20.0M$8.3M300xas long as short
Binance OPUSDT+0.0030%8h$20.3M$65.4M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Extended OP-USD+0.0032%1h$99K$206K25xas long as short
Injective OP/USDC PERP+0.0033%1h$25K$134K12xas long as short
Gate OP_USDT+0.0060%8h$1.8M$1.4M50xas long as short
Aevo OP-PERP+0.0088%1h$4K3xas long as short
Lighter OP+0.0096%1h$266K$916K15xas long as short
Hyperliquid OPshort+0.0100%1h$3.9M$3.1M5x
Aster OPUSDT+0.0100%8h$214K$259K10xas long as short
KuCoin OPUSDTMlong+0.0100%8h$2.9M$7.3M75x
Bitget OPUSDT+0.0100%8h$5.9M$6.1M75xas long as short
BingX OP-USDC+0.0100%8h$1.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h$127K$199K10xas long as short
edgeX OPUSDC+0.0100%4h$9K$380K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$45K$719K50xas long as short
SoDEX OP-USD+0.0100%1h$198$6K5xas long as short
HTX OP-USDT+0.0100%8h$176K$265K50xas long as short
BloFin OP-USDT+0.0120%8h$1.0M$353K75xas long as short
Reya OPRUSDPERP+0.0433%1h$69220xas long as short
Deribit OP_USDC-PERPETUAL+0.0553%1h$47K$210K25xas long as short
Kraken Futures PF_OPUSD+0.0615%1h$774K$676K20xas long as short