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

OP

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Funding spread now, next payment 16:00 UTC+0.0154%/8h
next payment, per $10,000+$1.54paid, last 24h+0.022%paid, last 3 days+0.128%to open and closeno order book
Long on Variational OmniShort on KuCoin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni OP0.1296−0.0054get 0.0054% / 8h2h 33m$235K$36K—
ShortKuCoin OPUSDTM0.12930.0100get 0.0100% / 8h2h 33m$2.9M$6.4M75x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$32.24
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$20.24
Break-even
2.6 days
Slippage unknown: Variational Omni: RFQ quote, 27 min ago; KuCoin: live order book, 1 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.238%
Avg gap 7d
+0.028%
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, 27 min ago7.64 bpdoesn't fit30.6 bp −$306doesn't fitdoesn't fit
Sell KuCoin live order book, 1 min ago3.87 bp34.0 bp −$3482.4 bp −$824doesn't fitdoesn't fit

OP on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
GMX OP/USD [OP-USDC]L −0.1208% / S +0.0249%1h$13K—100xas long as short
Deribit OP_USDC-PERPETUAL−0.0524%1h$44K$188K25xas long as short
Coinbase International OP-PERP-INTX−0.0416%1h$28K$97K50xas long as short
Binance OPUSDT−0.0108%8h$21.1M$61.9M75xas long as short
MEXC OP_USDT−0.0105%8h$20.0M$8.6M300xas long as short
Extended OP-USD−0.0104%1h$105K$208K25xas long as short
Variational Omni OPlong−0.0054%8h$235K$36K—
Orderly PERP_OP_USDC−0.0053%8h$7K$51K10xas long as short
dYdX OP-USD0.0000%1h$40K$1010xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h——150xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Bybit OPUSDT+0.0010%8h$18.2M$26.3M75xas long as short
BloFin OP-USDT+0.0014%8h$1.1M$572K75xas long as short
Injective OP/USDC PERP+0.0033%1h$25K$185K12xas long as short
Aevo OP-PERP+0.0056%1h$4K—3xas long as short
OKX OP-USDT-SWAP+0.0068%8h$6.2M$31.2M50xas long as short
Lighter OP+0.0096%1h$299K$336K15xas long as short
Aster OPUSDT+0.0100%8h$201K$418K10xas long as short
Gate OP_USDT+0.0100%8h$1.8M$1.7M50xas long as short
KuCoin OPUSDTMshort+0.0100%8h$2.9M$6.4M75x
Bitget OPUSDT+0.0100%8h$6.1M$5.7M75xas long as short
BingX OP-USDC+0.0100%8h—$1.6M—as long as short
Backpack OP_USDC_PERP+0.0100%1h$136K$154K10xas long as short
edgeX OPUSDC+0.0100%4h$4K$407K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$47K$703K50xas long as short
SoDEX OP-USD+0.0100%1h$174$5K5xas long as short
HTX OP-USDT+0.0100%8h$193K$219K50xas long as short
Hyperliquid OP+0.0145%1h$4.2M$2.9M5xas long as short
Kraken Futures PF_OPUSD+0.0232%1h$793K$650K20xas long as short
Reya OPRUSDPERP+0.0429%1h$718—20xas long as short