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 00:00 UTC−0.0230%/8h
next payment, per $10,000−$2.30paid, last 24h−0.033%paid, last 3 days−0.137%to open and closeno order book
Long on KuCoinShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin OPUSDTM0.12380.0100pay 0.0100% / 8h6h 07m$2.9M$7.3M75x
ShortVariational Omni OP0.1238−0.0130pay 0.0130% / 8h6h 07m$226K$40K—

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$48.34
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$60.34
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 7 min ago; Variational Omni: RFQ quote, 33 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.029%
Avg gap 7d
−0.026%
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, 7 min ago4.03 bp27.2 bp −$2761.8 bp −$618doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 33 min ago8.06 bpdoesn't fit24.2 bp −$242doesn'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$69K50xas long as short
Variational Omni OPshort−0.0130%8h$226K$40K—
Bybit OPUSDT−0.0100%8h$17.4M$25.4M75xas long as short
Orderly PERP_OP_USDC−0.0057%8h$6K$54K10xas long as short
dYdX OP-USD0.0000%1h$38K$1010xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h$44K$203K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h——150xas long as short
OKX OP-USDT-SWAP+0.0010%8h$5.7M$30.3M50xas long as short
Injective OP/USDC PERP+0.0033%1h$25K$134K12xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate OP_USDT+0.0043%8h$1.8M$1.5M50xas long as short
Extended OP-USD+0.0048%1h$99K$206K25xas long as short
MEXC OP_USDT+0.0048%8h$20.0M$8.4M300xas long as short
Binance OPUSDT+0.0051%8h$20.1M$64.0M75xas long as short
Lighter OP+0.0096%1h$266K$917K15xas long as short
Aevo OP-PERP+0.0096%1h$4K—3xas long as short
Hyperliquid OP+0.0100%1h$3.9M$3.1M5xas long as short
Aster OPUSDT+0.0100%8h$200K$255K10xas long as short
KuCoin OPUSDTMlong+0.0100%8h$2.9M$7.3M75x
Bitget OPUSDT+0.0100%8h$5.8M$5.9M75xas long as short
BingX OP-USDC+0.0100%8h—$1.6M—as long as short
Backpack OP_USDC_PERP+0.0100%1h$127K$200K10xas long as short
edgeX OPUSDC+0.0100%4h$9K$380K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$44K$718K50xas long as short
SoDEX OP-USD+0.0100%1h$193$6K5xas long as short
HTX OP-USDT+0.0100%8h$175K$261K50xas long as short
BloFin OP-USDT+0.0171%8h$1.0M$336K75xas long as short
Reya OPRUSDPERP+0.0433%1h$689—20xas long as short
Kraken Futures PF_OPUSD+0.0618%1h$768K$671K20xas long as short