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 17:00 UTC−0.0109%/8h
paid, last 24h−0.038%paid, last 7 days−0.054%to open and close $10k−$39
Long on LighterShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter OP0.12690.0096pay 0.0012% / 1h15m 43s$284K$900K15x
ShortBinance OPUSDT0.1269−0.0013pay 0.0013% / 8h7h 15m$20.7M$68.5M75x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$22.91
Slippage, 4 orders
−$28.61
Fee Lighter: 0 bp × 2 orders
$0
Fee Binance: 5 bp × 2 orders
−$10
Net
−$61.52
Break-even
never at this rate
Slippage from Lighter: live order book, 21 min ago; Binance: live order book, 13 min ago.

Price risk

price view
Price gap now
−0.024%
Avg gap 7d
−0.024%
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 Lighter live order book, 21 min ago4.72 bp6.2 bp −$646.4 bp −$464doesn't fitdoesn't fit
Sell Binance live order book, 13 min ago0.39 bp10.8 bp −$1120.6 bp −$20696.4 bp −$9,637doesn't fit

OP on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
GMX OP/USD [OP-USDC]L −0.1162% / S +0.0245%1h$13K—100xas long as short
Bybit OPUSDT−0.0371%8h$17.9M$27.4M75xas long as short
Coinbase International OP-PERP-INTX−0.0304%1h$22K$85K50xas long as short
Variational Omni OP−0.0123%8h$233K$43K—as long as short
Orderly PERP_OP_USDC−0.0075%8h$7K$53K10xas long as short
Extended OP-USD−0.0016%1h$101K$208K25xas long as short
MEXC OP_USDT−0.0016%8h$20.2M$8.9M300xas long as short
Binance OPUSDTshort−0.0013%8h$20.7M$68.5M75x
dYdX OP-USD0.0000%1h$39K$1010xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h$48K$200K25xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h——150xas long as short
OKX OP-USDT-SWAP+0.0029%8h$6.0M$33.2M50xas long as short
Injective OP/USDC PERP+0.0033%1h$25K$184K12xas long as short
Aevo OP-PERP+0.0072%1h$4K—3xas long as short
Lighter OPlong+0.0096%1h$284K$900K15x
Hyperliquid OP+0.0100%1h$4.0M$3.3M5xas long as short
Aster OPUSDT+0.0100%8h$214K$465K10xas long as short
Gate OP_USDT+0.0100%8h$1.8M$1.6M50xas long as short
KuCoin OPUSDTM+0.0100%8h$2.9M$7.4M75xas long as short
Bitget OPUSDT+0.0100%8h$6.0M$6.4M75xas long as short
BingX OP-USDC+0.0100%8h—$1.6M—as long as short
Backpack OP_USDC_PERP+0.0100%1h$135K$189K10xas long as short
edgeX OPUSDC+0.0100%4h$9K$379K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$45K$713K50xas long as short
SoDEX OP-USD+0.0100%1h$188$6K5xas long as short
HTX OP-USDT+0.0100%8h$181K$269K50xas long as short
BloFin OP-USDT+0.0103%8h$1.0M$583K75xas long as short
Reya OPRUSDPERP+0.0432%1h$706—20xas long as short
Kraken Futures PF_OPUSD+0.0468%1h$790K$679K20xas long as short