OP

Alert

Funding spread now, next payment 14:00 UTC+0.0345%/8h

paid, last 24h+0.016%paid, last 7 days+0.035%to open and close $10k−$71

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.035% in total (about 1.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC OP_USDT	0.1290	−0.0113	get 0.0113% / 8h	2h 30m	$20.0M	$8.7M	300x
Short	Kraken Futures PF_OPUSD	0.1292	0.0232	get 0.0029% / 1h	30m 40s	$793K	$648K	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee Kraken FuturesbpOrdersRate

Funding earned: $72.5
Slippage, 4 orders: −$61.2
Fee MEXC: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $1.3
Break-even: 6.9 days

Slippage from MEXC: live order book, 4 min ago; Kraken Futures: live order book, 29 min ago.

Price risk

price view

Price gap now: +0.170%
Avg gap 7d: +0.085%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 4 min ago	0.39 bp	1.4 bp −$1	11.9 bp −$119	71.4 bp −$7,138	123.8 bp −$61.9K
Sell Kraken Futures live order book, 29 min ago	20.93 bp	34.1 bp −$34	82.6 bp −$826	doesn't fit	doesn't fit

OP on 29 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
GMX OP/USD [OP-USDC]	L −0.1208% / S +0.0249%	1h	$13K	—	100x	as long as short
Deribit OP_USDC-PERPETUAL	−0.0525%	1h	$44K	$188K	25x	as long as short
Coinbase International OP-PERP-INTX	−0.0416%	1h	$28K	$97K	50x	as long as short
Binance OPUSDT	−0.0116%	8h	$21.1M	$62.0M	75x	as long as short
MEXC OP_USDTlong	−0.0113%	8h	$20.0M	$8.7M	300x
Extended OP-USD	−0.0112%	1h	$105K	$208K	25x	as long as short
Variational Omni OP	−0.0060%	8h	$234K	$36K	—	as long as short
Orderly PERP_OP_USDC	−0.0055%	8h	$7K	$51K	10x	as long as short
dYdX OP-USD	0.0000%	1h	$40K	$10	10x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	—	—	150x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin OP-USDT	+0.0007%	8h	$1.0M	$570K	75x	as long as short
Bybit OPUSDT	+0.0012%	8h	$18.2M	$26.3M	75x	as long as short
Injective OP/USDC PERP	+0.0033%	1h	$25K	$185K	12x	as long as short
Aevo OP-PERP	+0.0056%	1h	$4K	—	3x	as long as short
OKX OP-USDT-SWAP	+0.0067%	8h	$6.2M	$31.1M	50x	as long as short
Lighter OP	+0.0096%	1h	$298K	$336K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	$4.1M	$3.0M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	$200K	$418K	10x	as long as short
Gate OP_USDT	+0.0100%	8h	$1.8M	$1.7M	50x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	$2.9M	$6.4M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	$6.1M	$5.7M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	$134K	$154K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	$4K	$408K	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	$46K	$703K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	$174	$5K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	$193K	$219K	50x	as long as short
Kraken Futures PF_OPUSDshort	+0.0232%	1h	$793K	$648K	20x
Reya OPRUSDPERP	+0.0429%	1h	$717	—	20x	as long as short