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 16:00 UTC+0.0120%/8h
next payment, per $10,000+$1.20paid, last 24h+0.029%paid, last 7 days+0.211%to open and close $10k−$31
Long on MEXCShort on BloFin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC OP_USDT0.1295−0.0119get 0.0119% / 8h3h 30m$20.7M$8.2M300x
ShortBloFin OP-USDT0.12940.0001get 0.0001% / 8h3h 30m$1.0M$549K75x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$25.11
Slippage, 4 orders
−$18.65
Fee MEXC: 0 bp × 2 orders
$0
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$5.54
Break-even
8.5 days
Slippage from MEXC: live order book, 5 min ago; BloFin: live order book, 3 min ago.

Price risk

price view
Price gap now
−0.100%
Avg gap 7d
+0.015%
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, 5 min ago0.78 bp3.3 bp −$312.9 bp −$12962.7 bp −$6,268122.0 bp −$61.0K
Sell BloFin live order book, 3 min ago0.39 bp14.2 bp −$1427.5 bp −$27570.1 bp −$7,013doesn'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
Coinbase International OP-PERP-INTX−0.0408%1h$27K$91K50xas long as short
Extended OP-USD−0.0120%1h$104K$206K25xas long as short
Binance OPUSDT−0.0119%8h$20.9M$58.8M75xas long as short
MEXC OP_USDTlong−0.0119%8h$20.7M$8.2M300x
Orderly PERP_OP_USDC−0.0063%8h$7K$50K10xas long as short
Variational Omni OP−0.0033%8h$235K$35K—as long as short
SoDEX OP-USD−0.0004%1h$167$5K5xas long as short
dYdX OP-USD0.0000%1h$40K$1010xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h$45K$186K25xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BloFin OP-USDTshort+0.0001%8h$1.0M$549K75x
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h——150xas long as short
OKX OP-USDT-SWAP+0.0015%8h$6.3M$30.3M50xas long as short
Injective OP/USDC PERP+0.0033%1h$25K$185K12xas long as short
Bybit OPUSDT+0.0045%8h$17.9M$25.6M75xas long as short
Aevo OP-PERP+0.0056%1h$4K—3xas long as short
Lighter OP+0.0096%1h$295K$324K15xas long as short
Hyperliquid OP+0.0100%1h$4.2M$2.2M5xas long as short
Aster OPUSDT+0.0100%8h$201K$412K10xas long as short
Gate OP_USDT+0.0100%8h$1.8M$1.7M50xas long as short
KuCoin OPUSDTM+0.0100%8h$3.0M$6.1M75xas long as short
Bitget OPUSDT+0.0100%8h$6.0M$5.5M75xas long as short
BingX OP-USDT+0.0100%8h—$6.0M—as long as short
Backpack OP_USDC_PERP+0.0100%1h$144K$147K10xas long as short
edgeX OPUSDC+0.0100%4h$4K$403K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$46K$704K50xas long as short
HTX OP-USDT+0.0100%8h$189K$211K50xas long as short
Kraken Futures PF_OPUSD+0.0111%1h$795K$583K20xas long as short
Reya OPRUSDPERP+0.0428%1h$720—20xas long as short