OP

Alert

Funding spread now, next payment 00:00 UTC+0.0128%/8h

next payment, per $10,000+$1.28paid, last 24h+0.043%paid, last 5 days+0.150%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	0.1239	−0.0028	get 0.0028% / 8h	5h 00m	$6K	$53K	10x
Short	HTX OP-USDT	0.1241	0.0100	get 0.0100% / 8h	5h 00m	$176K	$258K	50x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee HTXbpOrdersRate

Funding earned: $26.96
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: $8.96
Break-even: 4.7 days

Slippage unknown: Orderly: no order-book sample; HTX: live order book, 33 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.153%
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 HTX live order book, 33 min ago	10.92 bp	20.3 bp −$20	doesn't fit	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
Injective OP/USDC PERP	−0.1842%	1h	$34K	$86K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.0887% / S +0.0200%	1h	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0336%	1h	$21K	$66K	50x	as long as short
Variational Omni OP	−0.0072%	8h	$226K	$43K	—	as long as short
Orderly PERP_OP_USDClong	−0.0028%	8h	$6K	$53K	10x
dYdX OP-USD	0.0000%	1h	$38K	$437	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	$43K	$185K	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-SWAP	+0.0048%	8h	$5.7M	$30.1M	50x	as long as short
Gate OP_USDT	+0.0074%	8h	$1.8M	$1.5M	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter OP	+0.0096%	1h	$267K	$907K	15x	as long as short
Bybit OPUSDT	+0.0099%	8h	$18.0M	$26.4M	75x	as long as short
Hyperliquid OP	+0.0100%	1h	$3.8M	$3.1M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	$210K	$266K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	$19.6M	$64.5M	75x	as long as short
MEXC OP_USDT	+0.0100%	8h	$19.6M	$7.4M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	$3.0M	$7.4M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	$6.0M	$6.2M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	$128K	$197K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	$9K	$381K	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	$44K	$719K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	$179	$6K	5x	as long as short
HTX OP-USDTshort	+0.0100%	8h	$176K	$258K	50x
Extended OP-USD	+0.0104%	1h	$99K	$206K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	$4K	—	3x	as long as short
BloFin OP-USDT	+0.0220%	8h	$975K	$304K	75x	as long as short
Reya OPRUSDPERP	+0.0434%	1h	$689	—	20x	as long as short
Kraken Futures PF_OPUSD	+0.0543%	1h	$771K	$770K	20x	as long as short