OP

Alert

Funding spread now, next payment 17:00 UTC+0.0059%/8h

paid, last 24h+0.008%paid, last 5 days+0.063%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_OP_USDC	0.1270	−0.0075	get 0.0075% / 8h	7h 15m	$7K	$53K	10x
Short	Extended OP-USD	0.1269	−0.0016	pay 0.0002% / 1h	15m 49s	$101K	$208K	25x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee ExtendedbpOrdersRate

Funding earned: $12.31
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $1.31
Break-even: 6.3 days

Slippage unknown: Orderly: no order-book sample; Extended: live order book, 28 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.084%
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 Orderly no order-book sample	—	—	—	—	—
Sell Extended live order book, 28 min ago	11.82 bp	21.0 bp −$21	145.6 bp −$1,456	doesn't fit	doesn't fit

Orderly: 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 −0.1162% / S +0.0245%	1h	$13K	—	100x	as long as short
Bybit OPUSDT	−0.0343%	8h	$17.9M	$27.4M	75x	as long as short
Coinbase International OP-PERP-INTX	−0.0304%	1h	$22K	$85K	50x	as long as short
Variational Omni OP	−0.0122%	8h	$233K	$43K	—	as long as short
Orderly PERP_OP_USDClong	−0.0075%	8h	$7K	$53K	10x
Binance OPUSDT	−0.0017%	8h	$20.8M	$68.6M	75x	as long as short
Extended OP-USDshort	−0.0016%	1h	$101K	$208K	25x
MEXC OP_USDT	−0.0016%	8h	$20.2M	$8.9M	300x	as long as short
dYdX OP-USD	0.0000%	1h	$39K	$10	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	$48K	$200K	25x	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
OKX OP-USDT-SWAP	+0.0027%	8h	$6.0M	$33.3M	50x	as long as short
Injective OP/USDC PERP	+0.0033%	1h	$25K	$184K	12x	as long as short
Aevo OP-PERP	+0.0072%	1h	$4K	—	3x	as long as short
Lighter OP	+0.0096%	1h	$284K	$900K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	$4.0M	$3.3M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	$214K	$465K	10x	as long as short
Gate OP_USDT	+0.0100%	8h	$1.8M	$1.6M	50x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	$2.9M	$7.4M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	$6.0M	$6.4M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	—	$6.9M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	$135K	$189K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	$9K	$379K	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	$45K	$713K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	$188	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	$181K	$269K	50x	as long as short
BloFin OP-USDT	+0.0103%	8h	$1.0M	$583K	75x	as long as short
Reya OPRUSDPERP	+0.0432%	1h	$706	—	20x	as long as short
Kraken Futures PF_OPUSD	+0.0468%	1h	$790K	$679K	20x	as long as short