data as of
Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb /

OP

all OP markets
SwapPrice view
Alert
Measured
My alerts

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 00:00 UTC−0.0134%/8h
next payment, per $10,000−$1.34paid, last 24h+0.006%paid, last 3 days−0.094%to open and closeno order book
Long on MEXCShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC OP_USDT0.1268−0.0004get 0.0004% / 8h7h 02m$20.1M$8.9M300x
ShortVariational Omni OP0.1267−0.0138pay 0.0138% / 8h7h 02m$234K$43K—

Funding history

latest
Range statsloading…

Funding on every exchange

click an exchange to add or hide it
latest

Profit calculator

Funding earned
−$28.1
Slippage, 4 orders
no order book: not counted
Fee MEXC: 0 bp × 2 orders
$0
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$28.1
Break-even
never at this rate
Slippage unknown: MEXC: live order book, 2 min ago; Variational Omni: RFQ quote, 42 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.108%
Avg gap 7d
−0.044%
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, 2 min ago0.39 bp2.3 bp −$28.9 bp −$8954.0 bp −$5,398109.0 bp −$54.5K
Sell Variational Omni RFQ quote, 42 min ago3.97 bpdoesn't fit19.8 bp −$198doesn't fitdoesn't fit

OP on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
GMX OP/USD [OP-USDC]L −0.1436% / S +0.0290%1h$13K—100xas long as short
Coinbase International OP-PERP-INTX−0.0304%1h$22K$83K50xas long as short
Bybit OPUSDT−0.0254%8h$18.1M$27.0M75xas long as short
Variational Omni OPshort−0.0138%8h$234K$43K—
Orderly PERP_OP_USDC−0.0073%8h$7K$53K10xas long as short
Extended OP-USD−0.0008%1h$101K$208K25xas long as short
Binance OPUSDT−0.0004%8h$20.7M$68.1M75xas long as short
MEXC OP_USDTlong−0.0004%8h$20.1M$8.9M300x
dYdX OP-USD0.0000%1h$39K$1010xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h$47K$200K25xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h——150xas long as short
OKX OP-USDT-SWAP+0.0019%8h$6.0M$32.9M50xas long as short
Injective OP/USDC PERP+0.0033%1h$25K$184K12xas long as short
Aevo OP-PERP+0.0080%1h$4K—3xas long as short
Lighter OP+0.0096%1h$284K$900K15xas long as short
Hyperliquid OP+0.0100%1h$4.0M$3.3M5xas long as short
Aster OPUSDT+0.0100%8h$213K$465K10xas long as short
Gate OP_USDT+0.0100%8h$1.8M$1.6M50xas long as short
KuCoin OPUSDTM+0.0100%8h$2.9M$7.4M75xas long as short
Bitget OPUSDT+0.0100%8h$6.0M$6.4M75xas long as short
BingX OP-USDT+0.0100%8h—$6.8M—as long as short
Backpack OP_USDC_PERP+0.0100%1h$135K$188K10xas long as short
edgeX OPUSDC+0.0100%4h$10K$379K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$45K$713K50xas long as short
SoDEX OP-USD+0.0100%1h$178$5K5xas long as short
HTX OP-USDT+0.0100%8h$180K$266K50xas long as short
BloFin OP-USDT+0.0116%8h$1.0M$582K75xas long as short
Reya OPRUSDPERP+0.0432%1h$705—20xas long as short
Kraken Futures PF_OPUSD+0.0469%1h$788K$677K20xas long as short