OP

Alert

Funding spread now, next payment 18:00 UTC+0.0095%/8h

paid, last 24h+0.009%paid, last 4 days−0.564%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	0.1245	−0.0062	get 0.0062% / 8h	6h 20m	$6K	$54K	10x
Short	Injective OP/USDC PERP	0.1276	0.0033	get 0.0004% / 1h	20m 53s	$25K	$134K	12x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee InjectivebpOrdersRate

Funding earned: $20.05
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $14.03
Break-even: 2.1 days

Slippage unknown: Orderly: no order-book sample; Injective: live order book, 20 min ago. Net counts fees only.

Price risk

price view

Price gap now: +2.490%
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 Injective live order book, 20 min ago	36.31 bp	36.3 bp −$36	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
GMX OP/USD [OP-USDC]	L −0.1711% / S +0.0335%	1h	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0344%	1h	$21K	$71K	50x	as long as short
Variational Omni OP	−0.0131%	8h	$227K	$45K	—	as long as short
Bybit OPUSDT	−0.0075%	8h	$17.6M	$25.9M	75x	as long as short
Orderly PERP_OP_USDClong	−0.0062%	8h	$6K	$54K	10x
dYdX OP-USD	0.0000%	1h	$38K	$10	10x	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	+0.0013%	8h	$5.8M	$31.1M	50x	as long as short
MEXC OP_USDT	+0.0030%	8h	$20.0M	$8.3M	300x	as long as short
Extended OP-USD	+0.0032%	1h	$99K	$206K	25x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective OP/USDC PERPshort	+0.0033%	1h	$25K	$134K	12x
Binance OPUSDT	+0.0034%	8h	$20.3M	$65.3M	75x	as long as short
Gate OP_USDT	+0.0052%	8h	$1.8M	$1.4M	50x	as long as short
Aevo OP-PERP	+0.0088%	1h	$4K	—	3x	as long as short
Lighter OP	+0.0096%	1h	$267K	$916K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	$3.9M	$3.1M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	$214K	$259K	10x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	$2.9M	$7.3M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	$5.9M	$6.0M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	$127K	$199K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	$9K	$380K	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	$45K	$719K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	$191	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	$176K	$265K	50x	as long as short
BloFin OP-USDT	+0.0134%	8h	$1.0M	$352K	75x	as long as short
Reya OPRUSDPERP	+0.0433%	1h	$693	—	20x	as long as short
Deribit OP_USDC-PERPETUAL	+0.0553%	1h	$46K	$210K	25x	as long as short
Kraken Futures PF_OPUSD	+0.0615%	1h	$774K	$675K	20x	as long as short