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

OP

all OP markets
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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 00:00 UTC−0.0101%/8h
next payment, per $10,000−$1.01paid, last 24h+0.023%paid, last 7 days+0.030%to open and close $10k−$42
Long on OKXShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX OP-USDT-SWAP0.12610.0035pay 0.0035% / 8h7h 58m$6.0M$33.4M50x
ShortBinance OPUSDT0.1263−0.0067pay 0.0067% / 8h7h 58m$21.0M$69.3M75x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$21.28
Slippage, 4 orders
−$21.94
Fee OKX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$63.23
Break-even
never at this rate
Slippage from OKX: live order book, 2 min ago; Binance: live order book, 16 min ago.

Price risk

price view
Price gap now
+0.133%
Avg gap 7d
+0.036%
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 OKX live order book, 2 min ago0.40 bp11.5 bp −$1225.6 bp −$256doesn't fitdoesn't fit
Sell Binance live order book, 16 min ago0.40 bp9.0 bp −$919.0 bp −$19088.1 bp −$8,805doesn't fit

OP on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
GMX OP/USD [OP-USDC]L −0.1440% / S +0.0291%1h$13K—100xas long as short
Coinbase International OP-PERP-INTX−0.0304%1h$22K$90K50xas long as short
Variational Omni OP−0.0079%8h$233K$46K—as long as short
Orderly PERP_OP_USDC−0.0077%8h$6K$53K10xas long as short
MEXC OP_USDT−0.0067%8h$20.2M$8.6M300xas long as short
Binance OPUSDTshort−0.0067%8h$21.0M$69.3M75x
Extended OP-USD−0.0064%1h$101K$212K25xas long as short
dYdX OP-USD0.0000%1h$39K$1010xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h$47K$200K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h——150xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective OP/USDC PERP+0.0033%1h$25K$184K12xas long as short
OKX OP-USDT-SWAPlong+0.0035%8h$6.0M$33.4M50x
BloFin OP-USDT+0.0052%8h$1.1M$583K75xas long as short
Aevo OP-PERP+0.0064%1h$4K—3xas long as short
Lighter OP+0.0096%1h$295K$807K15xas long as short
Hyperliquid OP+0.0100%1h$3.9M$3.3M5xas long as short
Aster OPUSDT+0.0100%8h$214K$470K10xas long as short
Bybit OPUSDT+0.0100%8h$17.8M$28.0M75xas 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$6.6M75xas long as short
BingX OP-USDT+0.0100%8h—$6.8M—as long as short
Backpack OP_USDC_PERP+0.0100%1h$138K$183K10xas long as short
edgeX OPUSDC+0.0100%4h$8K$381K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$45K$712K50xas long as short
SoDEX OP-USD+0.0100%1h$196$5K5xas long as short
HTX OP-USDT+0.0100%8h$181K$275K50xas long as short
Reya OPRUSDPERP+0.0431%1h$701—20xas long as short
Kraken Futures PF_OPUSD+0.0471%1h$782K$671K20xas long as short