data as of
Settings8H · net · $10k
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Funding arb /

OP

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Funding spread now, next payment 00:00 UTC+0.0192%/8h
next payment, per $10,000+$1.92paid, last 24h−0.006%paid, last 3 days+0.094%to open and closeno order book
Long on Variational OmniShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni OP0.1242−0.0109get 0.0109% / 8h5h 44m$225K$41K—
ShortBinance OPUSDT0.12430.0083get 0.0083% / 8h5h 44m$19.7M$65.9M75x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$40.23
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Binance: 5 bp × 2 orders
−$10
Net
$30.23
Break-even
1.7 days
Slippage unknown: Variational Omni: RFQ quote, 56 min ago; Binance: live order book, 15 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.036%
Avg gap 7d
+0.049%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 56 min ago8.06 bpdoesn't fit24.2 bp −$242doesn't fitdoesn't fit
Sell Binance live order book, 15 min ago0.41 bp9.4 bp −$926.8 bp −$268106.4 bp −$10.6Kdoesn't fit

OP on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective OP/USDC PERP−0.1842%1h$34K$86K12xas long as short
GMX OP/USD [OP-USDC]L −0.1436% / S +0.0290%1h$13K—100xas long as short
Coinbase International OP-PERP-INTX−0.0336%1h$21K$69K50xas long as short
Variational Omni OPlong−0.0109%8h$225K$41K—
Orderly PERP_OP_USDC−0.0047%8h$6K$54K10xas long as short
dYdX OP-USD0.0000%1h$38K$1010xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h$43K$187K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h——150xas long as short
Bybit OPUSDT+0.0016%8h$18.2M$26.8M75xas long as short
OKX OP-USDT-SWAP+0.0023%8h$5.7M$30.8M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Extended OP-USD+0.0080%1h$100K$206K25xas long as short
Binance OPUSDTshort+0.0083%8h$19.7M$65.9M75x
MEXC OP_USDT+0.0083%8h$19.6M$7.4M300xas long as short
Gate OP_USDT+0.0088%8h$1.8M$1.4M50xas long as short
Lighter OP+0.0096%1h$267K$905K15xas long as short
Hyperliquid OP+0.0100%1h$3.8M$3.2M5xas long as short
Aster OPUSDT+0.0100%8h$212K$268K10xas long as short
KuCoin OPUSDTM+0.0100%8h$2.9M$7.4M75xas long as short
Bitget OPUSDT+0.0100%8h$6.0M$6.2M75xas long as short
BingX OP-USDC+0.0100%8h—$1.6M—as long as short
Backpack OP_USDC_PERP+0.0100%1h$129K$201K10xas long as short
edgeX OPUSDC+0.0100%4h$9K$380K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$45K$718K50xas long as short
SoDEX OP-USD+0.0100%1h$200$6K5xas long as short
HTX OP-USDT+0.0100%8h$177K$261K50xas long as short
Aevo OP-PERP+0.0104%1h$4K—3xas long as short
BloFin OP-USDT+0.0203%8h$979K$316K75xas long as short
Reya OPRUSDPERP+0.0433%1h$691—20xas long as short
Kraken Futures PF_OPUSD+0.0542%1h$771K$785K20xas long as short