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

OP

all OP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.039%
Price spread now: HTX against Binance0.000%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$570.565% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.074%+$7 on $10k
Price spread, last 3 days (all we have)+0.217%+$22 · spread now 0.000%, 7d avg +0.015%
Together, before fees+0.291%+$29 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance OPUSDT0.12850.0100pay 0.0100% / 8h1h 05m$20.9M$61.8M75x
ShortHTX OP-USDT0.12850.0100get 0.0100% / 8h1h 05m$178K$232K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Binance. 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: 0.000% → +0.015%
−$1.54
Slippage, 4 orders
−$34.53
Fee Binance: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$58.06
Costs to cover
0.565%
Break-even
never at this rate
Slippage from Binance: live order book, 7 min ago; HTX: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 7 min ago0.39 bp10.4 bp −$1021.3 bp −$213102.9 bp −$10.3Kdoesn't fit
Sell HTX live order book, 11 min ago5.85 bp21.5 bp −$22doesn't fitdoesn't fitdoesn't fit

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−0.1710%1h0.1274−0.871%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1286+0.092%$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0360%1h0.1280−0.405%$21K$65K50xas long as short
dYdX OP-USD0.0000%1h0.1286+0.089%$40K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1287+0.140%$42K$171K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1287+0.105%150xas long as short
Variational Omni OP+0.0063%8h0.1280−0.422%$233K$53Kas long as short
Orderly PERP_OP_USDC+0.0063%8h0.1285−0.016%$6K$49K10xas long as short
Lighter OP+0.0096%1h0.1286+0.101%$289K$925K15xas long as short
Hyperliquid OP+0.0100%1h0.1286+0.093%$4.2M$2.9M5xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPUSDT+0.0100%8h0.1285+0.020%$215K$241K10xas long as short
Binance OPUSDTlong+0.0100%8h0.1285long leg$20.9M$61.8M75x
Bybit OPUSDT+0.0100%8h0.1285−0.023%$18.9M$25.4M75xas long as short
OKX OP-USDT-SWAP+0.0100%8h0.1286+0.047%$6.1M$30.4M50xas long as short
Gate OP_USDT+0.0100%8h0.1285−0.016%$2.0M$1.6M50xas long as short
MEXC OP_USDT+0.0100%8h0.1285+0.016%$20.4M$7.2M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1285−0.016%$2.9M$7.4M75xas long as short
Bitget OPUSDT+0.0100%8h0.1286+0.062%$6.1M$6.3M75xas long as short
BingX OP-USDC+0.0100%8h0.1286+0.062%$1.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1285+0.023%$125K$191K10xas long as short
edgeX OPUSDC+0.0100%4h0.1281−0.333%$10K$383K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1283−0.172%$321K$5.1M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1282−0.249%$46K$722K50xas long as short
SoDEX OP-USD+0.0100%1h0.1286+0.078%$176$6K5xas long as short
HTX OP-USDTshort+0.0100%8h0.12850.000%$178K$232K50x
Extended OP-USD+0.0104%1h0.1285+0.023%$103K$186K25xas long as short
Aevo OP-PERP+0.0104%1h0.1286+0.062%$4K3xas long as short
BloFin OP-USDT+0.0220%8h0.1283−0.195%$1.0M$289K75xas long as short
Kraken Futures PF_OPUSD+0.0224%1h0.1287+0.178%$805K$745K20xas long as short
Reya OPRUSDPERP+0.0437%1h0.1286+0.042%$71520xas long as short