OP

Alert

Funding spread now, next payment 19:00 UTC−0.0333%/8h

next payment, per $10,000−$0.42paid, last 24h−0.097%paid, last 3 days−0.152%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya OPRUSDPERP	0.1244	0.0433	pay 0.0054% / 1h	49m 12s	$692	—	20x
Short	ApeX Omni OPUSDT	0.1243	0.0100	get 0.0013% / 1h	49m 12s	$45K	$719K	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee ApeX OmnibpOrdersRate

Funding earned: −$69.96
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$85.96
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; ApeX Omni: live order book, 51 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.068%
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 Reya no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 51 min ago	12.09 bp	25.6 bp −$26	141.0 bp −$1,410	doesn't fit	doesn't fit

Reya: 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 −0.1436% / S +0.0290%	1h	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0336%	1h	$21K	$70K	50x	as long as short
Variational Omni OP	−0.0109%	8h	$225K	$42K	—	as long as short
Orderly PERP_OP_USDC	−0.0050%	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	$187K	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	+0.0021%	8h	$5.7M	$31.2M	50x	as long as short
Bybit OPUSDT	+0.0029%	8h	$18.2M	$26.8M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC OP_USDT	+0.0075%	8h	$19.7M	$7.3M	300x	as long as short
Binance OPUSDT	+0.0077%	8h	$19.7M	$66.3M	75x	as long as short
Extended OP-USD	+0.0080%	1h	$100K	$206K	25x	as long as short
Gate OP_USDT	+0.0088%	8h	$1.8M	$1.4M	50x	as long as short
Lighter OP	+0.0096%	1h	$268K	$904K	15x	as long as short
Aevo OP-PERP	+0.0096%	1h	$4K	—	3x	as long as short
Hyperliquid OP	+0.0100%	1h	$3.9M	$3.2M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	$212K	$268K	10x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	$2.9M	$7.5M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	$6.1M	$6.4M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	$129K	$201K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	$9K	$379K	10x	as long as short
ApeX Omni OPUSDTshort	+0.0100%	1h	$45K	$719K	50x
SoDEX OP-USD	+0.0100%	1h	$202	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	$177K	$273K	50x	as long as short
BloFin OP-USDT	+0.0197%	8h	$998K	$322K	75x	as long as short
Reya OPRUSDPERPlong	+0.0433%	1h	$692	—	20x
Kraken Futures PF_OPUSD	+0.0541%	1h	$772K	$785K	20x	as long as short