OP

Alert

Funding spread now, next payment 14:00 UTC−0.0216%/8h

next payment, per $10,000−$0.27paid, last 24h−0.096%paid, last 3 days−0.252%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya OPRUSDPERP	0.1299	0.0429	pay 0.0054% / 1h	36m 48s	$722	—	20x
Short	Hyperliquid OP	0.1298	0.0213	get 0.0027% / 1h	36m 48s	$4.2M	$2.9M	5x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee HyperliquidbpOrdersRate

Funding earned: −$45.39
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$60.39
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Hyperliquid: live order book, 6 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.038%
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 Hyperliquid live order book, 6 min ago	1.54 bp	11.6 bp −$12	doesn't fit	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 −0.1208% / S +0.0249%	1h	$14K	—	100x	as long as short
Deribit OP_USDC-PERPETUAL	−0.0520%	1h	$44K	$188K	25x	as long as short
Coinbase International OP-PERP-INTX	−0.0416%	1h	$28K	$97K	50x	as long as short
MEXC OP_USDT	−0.0106%	8h	$20.1M	$8.6M	300x	as long as short
Binance OPUSDT	−0.0105%	8h	$21.2M	$61.5M	75x	as long as short
Extended OP-USD	−0.0104%	1h	$105K	$208K	25x	as long as short
Variational Omni OP	−0.0056%	8h	$235K	$36K	—	as long as short
Orderly PERP_OP_USDC	−0.0054%	8h	$7K	$51K	10x	as long as short
dYdX OP-USD	0.0000%	1h	$40K	$10	10x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	—	—	150x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin OP-USDT	+0.0015%	8h	$1.1M	$573K	75x	as long as short
Bybit OPUSDT	+0.0019%	8h	$18.2M	$26.2M	75x	as long as short
Injective OP/USDC PERP	+0.0033%	1h	$25K	$185K	12x	as long as short
Aevo OP-PERP	+0.0056%	1h	$4K	—	3x	as long as short
OKX OP-USDT-SWAP	+0.0069%	8h	$6.2M	$31.1M	50x	as long as short
Lighter OP	+0.0096%	1h	$299K	$333K	15x	as long as short
Aster OPUSDT	+0.0100%	8h	$201K	$418K	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	$2.9M	$6.4M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	$6.1M	$5.7M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	—	$6.2M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	$136K	$152K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	$4K	$407K	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	$47K	$703K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	$178	$5K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	$190K	$211K	50x	as long as short
Hyperliquid OPshort	+0.0213%	1h	$4.2M	$2.9M	5x
Kraken Futures PF_OPUSD	+0.0231%	1h	$801K	$639K	20x	as long as short
Reya OPRUSDPERPlong	+0.0429%	1h	$722	—	20x