OP

Alert

Funding spread now, next payment 15:00 UTC0.0000%/8h

paid, last 24h0.000%paid, last 3 days+0.128%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX OP-USD	0.1274	0.0100	pay 0.0013% / 1h	27m 51s	$161	$5K	5x
Short	edgeX OPUSDC	0.1279	0.0100	get 0.0050% / 4h	1h 27m	$4K	$408K	10x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee SoDEXbpFee edgeXbpOrdersRate

Funding earned: $0
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$17
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; edgeX: live order book, 27 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.377%
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 SoDEX no order-book sample	—	—	—	—	—
Sell edgeX live order book, 27 min ago	7.82 bp	15.4 bp −$15	145.7 bp −$1,457	doesn't fit	doesn't fit

SoDEX: 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	−0.0328%	1h	$28K	$84K	50x	as long as short
Extended OP-USD	−0.0144%	1h	$102K	$214K	25x	as long as short
Binance OPUSDT	−0.0140%	8h	$20.7M	$64.8M	75x	as long as short
MEXC OP_USDT	−0.0139%	8h	$20.1M	$8.9M	300x	as long as short
Orderly PERP_OP_USDC	−0.0073%	8h	$7K	$53K	10x	as long as short
Variational Omni OP	−0.0063%	8h	$236K	$45K	—	as long as short
BloFin OP-USDT	−0.0019%	8h	$1.0M	$582K	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	$201K	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	+0.0006%	8h	$17.9M	$27.0M	75x	as long as short
Injective OP/USDC PERP	+0.0033%	1h	$25K	$185K	12x	as long as short
Aevo OP-PERP	+0.0048%	1h	$4K	—	3x	as long as short
OKX OP-USDT-SWAP	+0.0079%	8h	$6.0M	$32.3M	50x	as long as short
Lighter OP	+0.0096%	1h	$370K	$750K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	$4.1M	$3.1M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	$201K	$433K	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	$6.8M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	$6.0M	$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	$133K	$163K	10x	as long as short
edgeX OPUSDCshort	+0.0100%	4h	$4K	$408K	10x
ApeX Omni OPUSDT	+0.0100%	1h	$46K	$710K	50x	as long as short
SoDEX OP-USDlong	+0.0100%	1h	$161	$5K	5x
HTX OP-USDT	+0.0100%	8h	$193K	$243K	50x	as long as short
Kraken Futures PF_OPUSD	+0.0142%	1h	$786K	$662K	20x	as long as short
Reya OPRUSDPERP	+0.0430%	1h	$710	—	20x	as long as short