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 15:00 UTC−0.0096%/8h
next payment, per $10,000−$0.12paid, last 24h−0.092%paid, last 5 days−0.233%to open and close $10k−$38
Long on LighterShort on Deribit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter OP0.12700.0096pay 0.0012% / 1h46m 07s$365K$745K15x
ShortDeribit OP_USDC-PERPETUAL0.12690get 0.0000% / 1h46m 07s$48K$220K25x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$20.16
Slippage, 4 orders
−$31.31
Fee Lighter: 0 bp × 2 orders
$0
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$58.47
Break-even
never at this rate
Slippage from Lighter: live order book, 65 min ago; Deribit: live order book, 54 min ago.

Price risk

price view
Price gap now
−0.094%
Avg gap 7d
−0.028%
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, 65 min ago5.35 bp8.1 bp −$838.9 bp −$389doesn't fitdoesn't fit
Sell Deribit live order book, 54 min ago7.70 bp11.2 bp −$11doesn'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 −0.1208% / S +0.0249%1h$13K—100xas long as short
ApeX Omni OPUSDT−0.0487%1h$45K$704K50xas long as short
Coinbase International OP-PERP-INTX−0.0328%1h$27K$84K50xas long as short
Binance OPUSDT−0.0152%8h$20.5M$64.9M75xas long as short
Extended OP-USD−0.0152%1h$101K$217K25xas long as short
MEXC OP_USDT−0.0152%8h$19.8M$8.7M300xas long as short
Orderly PERP_OP_USDC−0.0074%8h$6K$53K10xas long as short
Variational Omni OP−0.0062%8h$233K$44K—as long as short
BloFin OP-USDT−0.0032%8h$1.0M$577K75xas long as short
dYdX OP-USD0.0000%1h$39K$1010xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Deribit OP_USDC-PERPETUALshort0.0000%1h$48K$220K25x
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0001%1h$2K—150xas long as short
Bybit OPUSDT+0.0019%8h$17.8M$27.1M75xas long as short
Injective OP/USDC PERP+0.0033%1h$25K$185K12xas long as short
Aevo OP-PERP+0.0040%1h$4K—3xas long as short
OKX OP-USDT-SWAP+0.0071%8h$6.0M$32.2M50xas long as short
SoDEX OP-USD+0.0078%1h$165$5K5xas long as short
Lighter OPlong+0.0096%1h$365K$745K15x
Hyperliquid OP+0.0100%1h$4.0M$3.1M5xas long as short
Aster OPUSDT+0.0100%8h$200K$434K10xas long as short
Gate OP_USDT+0.0100%8h$1.8M$1.7M50xas long as short
KuCoin OPUSDTM+0.0100%8h$2.9M$6.7M75xas long as short
Bitget OPUSDT+0.0100%8h$5.9M$6.1M75xas long as short
BingX OP-USDC+0.0100%8h—$1.6M—as long as short
Backpack OP_USDC_PERP+0.0100%1h$132K$166K10xas long as short
edgeX OPUSDC+0.0100%4h$4K$409K10xas long as short
HTX OP-USDT+0.0100%8h$191K$233K50xas long as short
Kraken Futures PF_OPUSD+0.0143%1h$782K$662K20xas long as short
Reya OPRUSDPERP+0.0430%1h$704—20xas long as short