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

OP

all OP markets
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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 00:00 UTC−0.0087%/8h
next payment, per $10,000−$0.87paid, last 24h−0.052%paid, last 7 days−0.065%to open and close $10k−$79
Long on KuCoinShort on OKX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin OPUSDTM0.12460.0100pay 0.0100% / 8h6h 29m$2.9M$7.3M75x
ShortOKX OP-USDT-SWAP0.12450.0013get 0.0013% / 8h6h 29m$5.8M$31.7M50x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$18.22
Slippage, 4 orders
−$57.44
Fee KuCoin: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$97.66
Break-even
never at this rate
Slippage from KuCoin: live order book, 5 min ago; OKX: live order book, 6 min ago.

Price risk

price view
Price gap now
−0.056%
Avg gap 7d
+0.019%
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, 5 min ago4.01 bp23.6 bp −$2475.9 bp −$759doesn't fitdoesn't fit
Sell OKX live order book, 6 min ago0.40 bp10.6 bp −$1130.9 bp −$309doesn'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$13K—100xas long as short
Coinbase International OP-PERP-INTX−0.0344%1h$21K$74K50xas long as short
Variational Omni OP−0.0128%8h$227K$45K—as long as short
Bybit OPUSDT−0.0093%8h$17.8M$26.1M75xas long as short
Orderly PERP_OP_USDC−0.0064%8h$6K$54K10xas long as short
dYdX OP-USD0.0000%1h$39K$1010xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h$47K$200K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h——150xas long as short
OKX OP-USDT-SWAPshort+0.0013%8h$5.8M$31.7M50x
MEXC OP_USDT+0.0021%8h$19.9M$8.3M300xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Binance OPUSDT+0.0021%8h$20.3M$65.9M75xas long as short
Extended OP-USD+0.0024%1h$100K$207K25xas long as short
Injective OP/USDC PERP+0.0033%1h$25K$134K12xas long as short
BloFin OP-USDT+0.0078%8h$1.0M$365K75xas long as short
Aevo OP-PERP+0.0088%1h$4K—3xas long as short
Lighter OP+0.0096%1h$267K$916K15xas long as short
Gate OP_USDT+0.0097%8h$1.8M$1.4M50xas long as short
Hyperliquid OP+0.0100%1h$3.9M$3.2M5xas long as short
Aster OPUSDT+0.0100%8h$220K$248K10xas long as short
KuCoin OPUSDTMlong+0.0100%8h$2.9M$7.3M75x
Bitget OPUSDT+0.0100%8h$5.9M$6.2M75xas long as short
BingX OP-USDC+0.0100%8h—$1.6M—as long as short
Backpack OP_USDC_PERP+0.0100%1h$132K$191K10xas long as short
edgeX OPUSDC+0.0100%4h$9K$381K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$45K$718K50xas long as short
SoDEX OP-USD+0.0100%1h$192$6K5xas long as short
HTX OP-USDT+0.0100%8h$176K$269K50xas long as short
Reya OPRUSDPERP+0.0433%1h$693—20xas long as short
Kraken Futures PF_OPUSD+0.0614%1h$776K$678K20xas long as short