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

OP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: HTX against BingX+0.087%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$680.683% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 3 days (all we have)+0.069%+$7 · spread now +0.087%, 7d avg +0.051%
Together, before fees+0.069%+$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.036% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.051%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX OP-USDT0.12610.0100pay 0.0100% / 8h7h 27m$6.8M
ShortHTX OP-USDT0.12620.0100get 0.0100% / 8h7h 27m$174K$234K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against BingX. 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: +0.087% → +0.051%
$3.63
Slippage, 4 orders
−$46.28
Fee BingX: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$64.65
Costs to cover
0.683%
Break-even
never at this rate
Slippage from BingX: live order book, 10 min ago; HTX: live order book, 44 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 BingX live order book, 10 min ago0.40 bp10.0 bp −$1017.2 bp −$17277.4 bp −$7,744444.1 bp −$222.1K
Sell HTX live order book, 44 min ago7.85 bp31.2 bp −$31doesn'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−0.1656%1h0.1253−0.619%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1261+0.006%$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0352%1h0.1257−0.301%$20K$63K50xas long as short
dYdX OP-USD0.0000%1h0.1262+0.063%$39K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1262+0.095%$42K$171K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1261−0.003%150xas long as short
Bybit OPUSDT+0.0042%8h0.1260−0.056%$18.3M$25.9M75xas long as short
Variational Omni OP+0.0048%8h0.1260−0.067%$230K$47Kas long as short
Orderly PERP_OP_USDC+0.0056%8h0.1261+0.016%$6K$48K10xas long as short
Lighter OP+0.0096%1h0.1262+0.087%$283K$949K15xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid OP+0.0100%1h0.1262+0.079%$3.9M$2.9M5xas long as short
Aster OPUSDT+0.0100%8h0.1262+0.089%$211K$236K10xas long as short
Binance OPUSDT+0.0100%8h0.1261+0.048%$20.4M$62.0M75xas long as short
OKX OP-USDT-SWAP+0.0100%8h0.1260−0.071%$6.1M$29.9M50xas long as short
Gate OP_USDT+0.0100%8h0.1262+0.071%$1.9M$1.6M50xas long as short
MEXC OP_USDT+0.0100%8h0.1262+0.056%$20.0M$7.3M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1261+0.016%$2.9M$7.1M75xas long as short
Bitget OPUSDT+0.0100%8h0.1262+0.095%$6.0M$6.4M75xas long as short
BingX OP-USDTlong+0.0100%8h0.1261long leg$6.8M
Backpack OP_USDC_PERP+0.0100%1h0.1261−0.008%$121K$189K10xas long as short
edgeX OPUSDC+0.0100%4h0.1260−0.030%$4K$392K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1260−0.037%$320K$5.0M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1262+0.095%$43K$723K50xas long as short
SoDEX OP-USD+0.0100%1h0.1262+0.071%$177$6K5xas long as short
HTX OP-USDTshort+0.0100%8h0.1262+0.087%$174K$234K50x
Extended OP-USD+0.0104%1h0.1260−0.027%$106K$430K25xas long as short
Aevo OP-PERP+0.0104%1h0.1262+0.081%$3K$1K3xas long as short
BloFin OP-USDT+0.0220%8h0.1259−0.127%$1.0M$274K75xas long as short
Kraken Futures PF_OPUSD+0.0384%1h0.1263+0.156%$797K$754K20xas long as short
Reya OPRUSDPERP+0.0438%1h0.1260−0.078%$70120xas long as short