OP

Alert

Funding spread now, next payment 16:00 UTC+0.0219%/8h

next payment, per $10,000+$2.19paid, last 24h+0.021%paid, last 7 days+0.057%to open and close $10k−$58

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.057% in total (about 3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.19 per $10,000. 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	0.1295	−0.0119	get 0.0119% / 8h	3h 29m	$20.7M	$8.2M	300x
Short	KuCoin OPUSDTM	0.1296	0.0100	get 0.0100% / 8h	3h 29m	$3.0M	$6.1M	75x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee KuCoinbpOrdersRate

Funding earned: $45.99
Slippage, 4 orders: −$45.94
Fee MEXC: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$11.95
Break-even: 8.8 days

Slippage from MEXC: live order book, 5 min ago; KuCoin: live order book, 5 min ago.

Price risk

price view

Price gap now: +0.069%
Avg gap 7d: −0.053%

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, 5 min ago	0.78 bp	3.3 bp −$3	12.9 bp −$129	62.7 bp −$6,268	122.0 bp −$61.0K
Sell KuCoin live order book, 5 min ago	3.88 bp	25.8 bp −$26	70.6 bp −$706	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	$14K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0408%	1h	$27K	$91K	50x	as long as short
Extended OP-USD	−0.0120%	1h	$104K	$206K	25x	as long as short
MEXC OP_USDTlong	−0.0119%	8h	$20.7M	$8.2M	300x
Binance OPUSDT	−0.0118%	8h	$20.9M	$58.8M	75x	as long as short
Orderly PERP_OP_USDC	−0.0063%	8h	$7K	$50K	10x	as long as short
Variational Omni OP	−0.0033%	8h	$235K	$35K	—	as long as short
dYdX OP-USD	0.0000%	1h	$40K	$10	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	$46K	$186K	25x	as long as short
BloFin OP-USDT	+0.0001%	8h	$1.0M	$549K	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	—	—	150x	as long as short
SoDEX OP-USD	+0.0009%	1h	$167	$5K	5x	as long as short
OKX OP-USDT-SWAP	+0.0015%	8h	$6.3M	$30.3M	50x	as long as short
Injective OP/USDC PERP	+0.0033%	1h	$25K	$185K	12x	as long as short
Bybit OPUSDT	+0.0046%	8h	$18.0M	$25.6M	75x	as long as short
Aevo OP-PERP	+0.0048%	1h	$4K	—	3x	as long as short
Lighter OP	+0.0096%	1h	$295K	$324K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	$4.2M	$2.2M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	$201K	$412K	10x	as long as short
Gate OP_USDT	+0.0100%	8h	$1.8M	$1.7M	50x	as long as short
KuCoin OPUSDTMshort	+0.0100%	8h	$3.0M	$6.1M	75x
Bitget OPUSDT	+0.0100%	8h	$6.0M	$5.5M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	$144K	$147K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	$4K	$403K	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	$46K	$704K	50x	as long as short
HTX OP-USDT	+0.0100%	8h	$189K	$212K	50x	as long as short
Kraken Futures PF_OPUSD	+0.0111%	1h	$797K	$583K	20x	as long as short
Reya OPRUSDPERP	+0.0428%	1h	$720	—	20x	as long as short