OP

Alert

Funding spread now, next payment 14:00 UTC+0.0213%/8h

paid, last 24h+0.021%paid, last 3 days−0.039%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.039% in total (about -5.3% 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	0.1288	−0.0113	get 0.0113% / 8h	2h 29m	$19.9M	$8.7M	300x
Short	SoDEX OP-USD	0.1288	0.0100	get 0.0013% / 1h	29m 50s	$180	$5K	5x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee SoDEXbpOrdersRate

Funding earned: $44.73
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $36.73
Break-even: 1.3 days

Slippage unknown: MEXC: live order book, 5 min ago; SoDEX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.023%
Avg gap 7d: —

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	0.39 bp	1.4 bp −$1	11.9 bp −$119	71.4 bp −$7,138	123.8 bp −$61.9K
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0526%	1h	$44K	$188K	25x	as long as short
Coinbase International OP-PERP-INTX	−0.0416%	1h	$28K	$97K	50x	as long as short
Extended OP-USD	−0.0120%	1h	$105K	$208K	25x	as long as short
Binance OPUSDT	−0.0116%	8h	$21.0M	$62.0M	75x	as long as short
MEXC OP_USDTlong	−0.0113%	8h	$19.9M	$8.7M	300x
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	$18.1M	$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	+0.0068%	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	$6.5M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	$6.1M	$5.7M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	—	$6.2M	—	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-USDshort	+0.0100%	1h	$180	$5K	5x
HTX OP-USDT	+0.0100%	8h	$192K	$219K	50x	as long as short
Kraken Futures PF_OPUSD	+0.0233%	1h	$791K	$648K	20x	as long as short
Reya OPRUSDPERP	+0.0429%	1h	$716	—	20x	as long as short