OP

Alert

Funding spread now, next payment 18:00 UTC−0.0345%/8h

paid, last 24h−0.043%paid, last 3 days−0.313%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX OP-USDT-SWAP	0.1224	0.0010	pay 0.0010% / 8h	6h 06m	$5.7M	$30.6M	50x
Short	GMX OP/USD [OP-USDC]	0.1234	L −0.1711% / S +0.0335%	pay 0.0042% / 1h	6m 12s	$13K	—	100x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee GMXbpOrdersRate

Funding earned: −$72.35
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$94.35
Break-even: never at this rate

Slippage unknown: OKX: live order book, 4 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.873%
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 OKX live order book, 4 min ago	0.40 bp	12.5 bp −$13	27.8 bp −$278	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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]short	L −0.1711% / S +0.0335%	1h	$13K	—	100x
Coinbase International OP-PERP-INTX	−0.0344%	1h	$21K	$69K	50x	as long as short
Variational Omni OP	−0.0130%	8h	$226K	$40K	—	as long as short
Bybit OPUSDT	−0.0098%	8h	$17.5M	$26.4M	75x	as long as short
Orderly PERP_OP_USDC	−0.0056%	8h	$6K	$54K	10x	as long as short
dYdX OP-USD	0.0000%	1h	$38K	$10	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	$43K	$202K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	—	—	150x	as long as short
OKX OP-USDT-SWAPlong	+0.0010%	8h	$5.7M	$30.6M	50x
Injective OP/USDC PERP	+0.0033%	1h	$25K	$134K	12x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate OP_USDT	+0.0036%	8h	$1.8M	$1.5M	50x	as long as short
MEXC OP_USDT	+0.0050%	8h	$19.9M	$8.4M	300x	as long as short
Binance OPUSDT	+0.0053%	8h	$19.9M	$64.0M	75x	as long as short
Extended OP-USD	+0.0056%	1h	$99K	$206K	25x	as long as short
Lighter OP	+0.0096%	1h	$264K	$917K	15x	as long as short
Aevo OP-PERP	+0.0096%	1h	$4K	—	3x	as long as short
Hyperliquid OP	+0.0100%	1h	$3.8M	$3.1M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	$199K	$255K	10x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	$2.9M	$7.3M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	$5.7M	$5.9M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	—	$7.0M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	$127K	$200K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	$9K	$380K	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	$44K	$718K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	$195	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	$175K	$261K	50x	as long as short
BloFin OP-USDT	+0.0171%	8h	$1.0M	$336K	75x	as long as short
Reya OPRUSDPERP	+0.0433%	1h	$686	—	20x	as long as short
Kraken Futures PF_OPUSD	+0.0621%	1h	$765K	$671K	20x	as long as short