Settings8H · net · $10k
Funding arb · Price arb /

OP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against SoDEX−0.008%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX OP-USD0.12740.0100pay 0.0013% / 1h14m 10s$191$6K5x
ShortKuCoin OPUSDTM0.12740.0100get 0.0100% / 8h14m 10s$2.9M$7.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against SoDEX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.008% → 0.000%
−$0.78
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$20.78
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: SoDEX: no order-book sample; KuCoin: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX no order-book sample
Sell KuCoin live order book, 4 min ago3.93 bp23.9 bp −$2464.2 bp −$642doesn't fitdoesn'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 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective OP/USDC PERP−0.1633%1h0.1267−0.557%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1275+0.102%$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0344%1h0.1270−0.322%$21K$65K50xas long as short
dYdX OP-USD0.0000%1h0.1276+0.132%$39K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1275+0.071%$42K$171K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1276+0.123%150xas long as short
Orderly PERP_OP_USDC+0.0062%8h0.1274−0.008%$6K$49K10xas long as short
Variational Omni OP+0.0065%8h0.1275+0.091%$232K$55Kas long as short
Lighter OP+0.0096%1h0.1276+0.126%$293K$958K15xas long as short
Hyperliquid OP+0.0100%1h0.1276+0.126%$4.1M$2.9M5xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPUSDT+0.0100%8h0.1275+0.093%$213K$241K10xas long as short
Binance OPUSDT+0.0100%8h0.1274+0.019%$20.6M$61.9M75xas long as short
Bybit OPUSDT+0.0100%8h0.1273−0.055%$18.3M$25.9M75xas long as short
OKX OP-USDT-SWAP+0.0100%8h0.12740.000%$6.1M$30.3M50xas long as short
Gate OP_USDT+0.0100%8h0.1276+0.141%$2.0M$1.6M50xas long as short
MEXC OP_USDT+0.0100%8h0.1275+0.071%$20.2M$7.3M300xas long as short
KuCoin OPUSDTMshort+0.0100%8h0.1274−0.008%$2.9M$7.3M75x
Bitget OPUSDT+0.0100%8h0.1275+0.071%$6.1M$6.3M75xas long as short
BingX OP-USDC+0.0100%8h0.1275+0.071%$1.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1274−0.008%$123K$188K10xas long as short
edgeX OPUSDC+0.0100%4h0.1272−0.136%$11K$384K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1275+0.071%$315K$4.8M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1274−0.008%$46K$721K50xas long as short
SoDEX OP-USDlong+0.0100%1h0.1274long leg$191$6K5x
HTX OP-USDT+0.0100%8h0.1275+0.110%$176K$235K50xas long as short
Extended OP-USD+0.0104%1h0.1274+0.009%$102K$186K25xas long as short
Aevo OP-PERP+0.0104%1h0.1275+0.031%$4K3xas long as short
BloFin OP-USDT+0.0220%8h0.1276+0.165%$1.0M$280K75xas long as short
Kraken Futures PF_OPUSD+0.0358%1h0.1275+0.106%$802K$749K20xas long as short
Reya OPRUSDPERP+0.0438%1h0.1274+0.023%$70920xas long as short