OP

Alert

Funding spread now, next payment 18:00 UTC+0.0333%/8h

paid, last 24h+0.097%paid, last 3 days+0.175%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin OPUSDTM	0.1245	0.0100	pay 0.0100% / 8h	6h 27m	$2.9M	$7.3M	75x
Short	Reya OPRUSDPERP	0.1245	0.0433	get 0.0054% / 1h	27m 24s	$692	—	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee ReyabpOrdersRate

Funding earned: $69.84
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $51.84
Break-even: 1.8 days

Slippage unknown: KuCoin: live order book, 7 min ago; Reya: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.024%
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	4.01 bp	23.6 bp −$24	75.9 bp −$759	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 −0.1711% / S +0.0335%	1h	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0344%	1h	$21K	$74K	50x	as long as short
Variational Omni OP	−0.0128%	8h	$227K	$45K	—	as long as short
Bybit OPUSDT	−0.0080%	8h	$17.8M	$26.0M	75x	as long as short
Orderly PERP_OP_USDC	−0.0063%	8h	$6K	$54K	10x	as long as short
dYdX OP-USD	0.0000%	1h	$38K	$10	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	$47K	$200K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	—	—	150x	as long as short
OKX OP-USDT-SWAP	+0.0013%	8h	$5.8M	$31.6M	50x	as long as short
MEXC OP_USDT	+0.0023%	8h	$19.9M	$8.3M	300x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Extended OP-USD	+0.0024%	1h	$100K	$207K	25x	as long as short
Binance OPUSDT	+0.0026%	8h	$20.3M	$65.7M	75x	as long as short
Injective OP/USDC PERP	+0.0033%	1h	$25K	$134K	12x	as long as short
BloFin OP-USDT	+0.0085%	8h	$1.0M	$365K	75x	as long as short
Aevo OP-PERP	+0.0088%	1h	$4K	—	3x	as long as short
Gate OP_USDT	+0.0095%	8h	$1.8M	$1.4M	50x	as long as short
Lighter OP	+0.0096%	1h	$267K	$916K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	$3.9M	$3.2M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	$220K	$248K	10x	as long as short
KuCoin OPUSDTMlong	+0.0100%	8h	$2.9M	$7.3M	75x
Bitget OPUSDT	+0.0100%	8h	$5.9M	$6.2M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	$131K	$194K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	$8K	$380K	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	$45K	$719K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	$193	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	$177K	$269K	50x	as long as short
Reya OPRUSDPERPshort	+0.0433%	1h	$692	—	20x
Kraken Futures PF_OPUSD	+0.0614%	1h	$776K	$677K	20x	as long as short