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

OP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: SoDEX against BingX+0.016%7-day average · you sell dearer than you buy
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
LongBingX OP-USDC0.12570.0100pay 0.0100% / 8h2h 00m$1.6M
ShortSoDEX OP-USD0.12570.0100get 0.0013% / 1h0m 16s$178$6K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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: +0.016% → 0.000%
$1.59
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$16.41
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 16 min ago; SoDEX: no order-book sample. 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 BingX live order book, 16 min ago7.91 bp112.5 bp −$113860.3 bp −$8,6031150.5 bp −$115.1Kdoesn't fit
Sell SoDEX no order-book sample
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−0.1658%1h0.1254−0.239%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1258+0.091%$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0328%1h0.1243−1.114%$21K$64K50xas long as short
dYdX OP-USD0.0000%1h0.1258+0.090%$39K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1258+0.080%$41K$171K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1258+0.108%150xas long as short
Variational Omni OP+0.0042%8h0.1257+0.008%$231K$46Kas long as short
Orderly PERP_OP_USDC+0.0044%8h0.12570.000%$6K$50K10xas long as short
OKX OP-USDT-SWAP+0.0091%8h0.1257+0.024%$5.9M$29.7M50xas long as short
Lighter OP+0.0096%1h0.1259+0.127%$270K$908K15xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate OP_USDT+0.0099%8h0.1258+0.080%$1.8M$1.5M50xas long as short
Hyperliquid OP+0.0100%1h0.1259+0.191%$4.1M$3.0M5xas long as short
Aster OPUSDT+0.0100%8h0.1258+0.064%$211K$241K10xas long as short
Binance OPUSDT+0.0100%8h0.1258+0.050%$20.4M$62.7M75xas long as short
Bybit OPUSDT+0.0100%8h0.1256−0.048%$18.3M$25.4M75xas long as short
MEXC OP_USDT+0.0100%8h0.1258+0.056%$19.9M$7.3M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1258+0.080%$2.9M$7.6M75xas long as short
Bitget OPUSDT+0.0100%8h0.1258+0.080%$6.0M$6.3M75xas long as short
BingX OP-USDClong+0.0100%8h0.1257long leg$1.6M
Backpack OP_USDC_PERP+0.0100%1h0.1258+0.064%$124K$194K10xas long as short
edgeX OPUSDC+0.0100%4h0.1258+0.093%$11K$383K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1256−0.080%$311K$5.1M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.12570.000%$45K$721K50xas long as short
SoDEX OP-USDshort+0.0100%1h0.1257+0.016%$178$6K5x
HTX OP-USDT+0.0100%8h0.1258+0.111%$174K$232K50xas long as short
Extended OP-USD+0.0104%1h0.1257+0.012%$101K$186K25xas long as short
Aevo OP-PERP+0.0104%1h0.1258+0.055%$4K3xas long as short
Kraken Futures PF_OPUSD+0.0136%1h0.1259+0.145%$778K$732K20xas long as short
BloFin OP-USDT+0.0220%8h0.1258+0.111%$1.0M$281K75xas long as short
Reya OPRUSDPERP+0.0436%1h0.1257+0.032%$69920xas long as short