OP

Alert

Funding spread now, next payment 16:00 UTC−0.0559%/8h

next payment, per $10,000−$0.70paid, last 24h−0.129%paid, last 3 days−0.221%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya OPRUSDPERP	0.1260	0.0431	pay 0.0054% / 1h	39m 36s	$701	—	20x
Short	Extended OP-USD	0.1258	−0.0128	pay 0.0016% / 1h	39m 36s	$101K	$214K	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee ExtendedbpOrdersRate

Funding earned: −$117.34
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$128.34
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Extended: live order book, 9 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.139%
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 Extended live order book, 9 min ago	11.78 bp	20.9 bp −$21	144.7 bp −$1,447	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
GMX OP/USD [OP-USDC]	L −0.1469% / S +0.0291%	1h	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0296%	1h	$27K	$85K	50x	as long as short
Extended OP-USDshort	−0.0128%	1h	$101K	$214K	25x
MEXC OP_USDT	−0.0126%	8h	$20.3M	$8.6M	300x	as long as short
Binance OPUSDT	−0.0125%	8h	$20.9M	$66.6M	75x	as long as short
Orderly PERP_OP_USDC	−0.0078%	8h	$7K	$53K	10x	as long as short
Variational Omni OP	−0.0065%	8h	$234K	$45K	—	as long as short
BloFin OP-USDT	−0.0008%	8h	$1.0M	$580K	75x	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 +0.0005% / S −0.0004%	1h	$1K	—	150x	as long as short
Bybit OPUSDT	+0.0013%	8h	$17.7M	$27.6M	75x	as long as short
OKX OP-USDT-SWAP	+0.0036%	8h	$6.0M	$32.6M	50x	as long as short
Aevo OP-PERP	+0.0048%	1h	$4K	—	3x	as long as short
Lighter OP	+0.0096%	1h	$295K	$829K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	$4.0M	$3.1M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	$200K	$454K	10x	as long as short
Gate OP_USDT	+0.0100%	8h	$1.8M	$1.7M	50x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	$2.8M	$7.0M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	$5.9M	$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	$131K	$170K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	$9K	$378K	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	$46K	$716K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	$177	$5K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	$188K	$250K	50x	as long as short
Kraken Futures PF_OPUSD	+0.0241%	1h	$782K	$657K	20x	as long as short
Injective OP/USDC PERP	+0.0248%	1h	$25K	$184K	12x	as long as short
Reya OPRUSDPERPlong	+0.0431%	1h	$701	—	20x