OP

Alert

Funding spread now, next payment 15:00 UTC−0.0397%/8h

next payment, per $10,000−$0.50paid, last 24h−0.133%paid, last 3 days−0.844%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya OPRUSDPERP	0.1270	0.0430	pay 0.0054% / 1h	42m 46s	$706	—	20x
Short	Injective OP/USDC PERP	0.1297	0.0033	get 0.0004% / 1h	42m 46s	$25K	$185K	12x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee InjectivebpOrdersRate

Funding earned: −$83.27
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$89.29
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Injective: live order book, 13 min ago. Net counts fees only.

Price risk

price view

Price gap now: +2.096%
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 Injective live order book, 13 min ago	35.17 bp	39.2 bp −$39	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	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0328%	1h	$27K	$84K	50x	as long as short
MEXC OP_USDT	−0.0155%	8h	$19.9M	$8.7M	300x	as long as short
Binance OPUSDT	−0.0155%	8h	$20.6M	$64.7M	75x	as long as short
Extended OP-USD	−0.0152%	1h	$101K	$214K	25x	as long as short
ApeX Omni OPUSDT	−0.0120%	1h	$46K	$709K	50x	as long as short
Orderly PERP_OP_USDC	−0.0073%	8h	$7K	$53K	10x	as long as short
Variational Omni OP	−0.0060%	8h	$234K	$44K	—	as long as short
BloFin OP-USDT	−0.0035%	8h	$1.0M	$579K	75x	as long as short
dYdX OP-USD	0.0000%	1h	$39K	$10	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit OP_USDC-PERPETUAL	0.0000%	1h	$48K	$220K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0001%	1h	$2K	—	150x	as long as short
Bybit OPUSDT	+0.0012%	8h	$17.9M	$27.1M	75x	as long as short
Injective OP/USDC PERPshort	+0.0033%	1h	$25K	$185K	12x
Aevo OP-PERP	+0.0040%	1h	$4K	—	3x	as long as short
OKX OP-USDT-SWAP	+0.0070%	8h	$6.0M	$32.2M	50x	as long as short
Lighter OP	+0.0096%	1h	$367K	$746K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	$4.1M	$3.1M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	$200K	$434K	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	$6.7M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	$5.9M	$6.1M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	—	$6.5M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	$132K	$166K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	$4K	$410K	10x	as long as short
SoDEX OP-USD	+0.0100%	1h	$162	$5K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	$192K	$233K	50x	as long as short
Kraken Futures PF_OPUSD	+0.0143%	1h	$783K	$662K	20x	as long as short
Reya OPRUSDPERPlong	+0.0430%	1h	$706	—	20x