OP

Alert

Funding spread now, next payment 17:00 UTC−0.0776%/8h

next payment, per $10,000−$0.97paid, last 24h−0.227%paid, last 3 days−0.373%to open and closeno order book

Long on Reya Short on Coinbase International

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya OPRUSDPERP	0.1254	0.0432	pay 0.0054% / 1h	55m 55s	$697	—	20x
Short	Coinbase International OP-PERP-INTX	0.1255	−0.0344	pay 0.0043% / 1h	55m 55s	$21K	$78K	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee Coinbase InternationalbpOrdersRate

Funding earned: −$163
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$179
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Coinbase International: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.060%
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 Coinbase International no order-book sample	—	—	—	—	—

Reya and Coinbase International: 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 −0.1436% / S +0.0290%	1h	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTXshort	−0.0344%	1h	$21K	$78K	50x
Bybit OPUSDT	−0.0202%	8h	$17.9M	$26.6M	75x	as long as short
Variational Omni OP	−0.0135%	8h	$234K	$43K	—	as long as short
Orderly PERP_OP_USDC	−0.0070%	8h	$7K	$53K	10x	as long as short
Extended OP-USD	−0.0008%	1h	$101K	$205K	25x	as long as short
Binance OPUSDT	−0.0004%	8h	$20.5M	$67.0M	75x	as long as short
MEXC OP_USDT	−0.0004%	8h	$19.9M	$8.1M	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	$47K	$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	+0.0014%	8h	$5.9M	$32.4M	50x	as long as short
Injective OP/USDC PERP	+0.0033%	1h	$25K	$134K	12x	as long as short
Aevo OP-PERP	+0.0080%	1h	$4K	—	3x	as long as short
Lighter OP	+0.0096%	1h	$281K	$871K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	$3.9M	$3.3M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	$211K	$469K	10x	as long as short
Gate OP_USDT	+0.0100%	8h	$1.8M	$1.4M	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	$6.3M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	$133K	$188K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	$10K	$380K	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	$45K	$712K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	$180	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	$178K	$265K	50x	as long as short
BloFin OP-USDT	+0.0116%	8h	$1.0M	$578K	75x	as long as short
Reya OPRUSDPERPlong	+0.0432%	1h	$697	—	20x
Kraken Futures PF_OPUSD	+0.0610%	1h	$781K	$676K	20x	as long as short