data as of
Settings8H · net · $10k
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Funding spread now, next payment 14:00 UTC+0.0206%/8h
paid, last 24h+0.024%paid, last 7 days+0.212%to open and close $10k−$32
Long on MEXCShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC OP_USDT0.1297−0.0106get 0.0106% / 8h2h 36m$20.1M$8.6M300x
ShortBackpack OP_USDC_PERP0.12980.0100get 0.0013% / 1h36m 56s$136K$152K10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$43.26
Slippage, 4 orders
−$21.58
Fee MEXC: 0 bp × 2 orders
$0
Fee Backpack: 5 bp × 2 orders
−$10
Net
$11.68
Break-even
5.1 days
Slippage from MEXC: live order book, 8 min ago; Backpack: live order book, 23 min ago.

Price risk

price view
Price gap now
+0.085%
Avg gap 7d
+0.005%
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 MEXC live order book, 8 min ago0.38 bp2.1 bp −$25.8 bp −$5848.1 bp −$4,813110.9 bp −$55.4K
Sell Backpack live order book, 23 min ago1.52 bp10.4 bp −$10doesn'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$14K—100xas long as short
Deribit OP_USDC-PERPETUAL−0.0520%1h$44K$188K25xas long as short
Coinbase International OP-PERP-INTX−0.0416%1h$28K$97K50xas long as short
MEXC OP_USDTlong−0.0106%8h$20.1M$8.6M300x
Binance OPUSDT−0.0105%8h$21.2M$61.5M75xas long as short
Extended OP-USD−0.0104%1h$105K$208K25xas long as short
Variational Omni OP−0.0056%8h$235K$36K—as long as short
Orderly PERP_OP_USDC−0.0054%8h$7K$51K10xas long as short
dYdX OP-USD0.0000%1h$40K$1010xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h——150xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BloFin OP-USDT+0.0015%8h$1.1M$573K75xas long as short
Bybit OPUSDT+0.0018%8h$18.2M$26.2M75xas long as short
Injective OP/USDC PERP+0.0033%1h$25K$185K12xas long as short
Aevo OP-PERP+0.0056%1h$4K—3xas long as short
OKX OP-USDT-SWAP+0.0069%8h$6.2M$31.1M50xas long as short
Lighter OP+0.0096%1h$299K$333K15xas long as short
Aster OPUSDT+0.0100%8h$201K$418K10xas long as short
Gate OP_USDT+0.0100%8h$1.8M$1.7M50xas long as short
KuCoin OPUSDTM+0.0100%8h$2.9M$6.4M75xas long as short
Bitget OPUSDT+0.0100%8h$6.1M$5.7M75xas long as short
BingX OP-USDT+0.0100%8h—$6.2M—as long as short
Backpack OP_USDC_PERPshort+0.0100%1h$136K$152K10x
edgeX OPUSDC+0.0100%4h$4K$407K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$47K$703K50xas long as short
SoDEX OP-USD+0.0100%1h$178$5K5xas long as short
HTX OP-USDT+0.0100%8h$190K$211K50xas long as short
Hyperliquid OP+0.0218%1h$4.2M$2.9M5xas long as short
Kraken Futures PF_OPUSD+0.0231%1h$801K$639K20xas long as short
Reya OPRUSDPERP+0.0429%1h$722—20xas long as short