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

OP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Bitget0.000%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$249as in the Funding arb table
Net, price: spread back to 7d avg − costs−$248as in the Price arb table
costs, in and out, $10k−$2492.491% 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 7 days−0.050%−$5 · spread now 0.000%, 7d avg −0.012%
Together, before fees−0.050%−$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget OPUSDT0.12520.0100pay 0.0100% / 8h7h 58m$5.6M$6.8M75x
ShortBingX OP-USDC0.12520.0100get 0.0100% / 8h7h 58m$1.6M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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% → −0.012%
$1.23
Slippage, 4 orders
−$227.1
Fee Bitget: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$247.87
Costs to cover
2.491%
Break-even
never at this rate
Slippage from Bitget: live order book, 5 min ago; BingX: live order book, 2 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 Bitget live order book, 5 min ago4.01 bp10.8 bp −$1124.9 bp −$24983.9 bp −$8,394doesn't fit
Sell BingX live order book, 2 min ago12.01 bp102.9 bp −$103866.1 bp −$8,6611121.4 bp −$112.1Kdoesn'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−0.1328%1h0.1235−1.358%$34K$63K12xas long as short
GMX OP/USD [OP-USDC]L −0.1164% / S +0.0246%1h0.1248−0.299%$13K100xas long as short
Orderly PERP_OP_USDC−0.0054%8h0.1248−0.319%$12K$235K10xas long as short
dYdX OP-USD0.0000%1h0.1252−0.015%$39K$52210xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1248−0.319%$31K$165K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1249−0.269%150xas long as short
KuCoin OPUSDTM+0.0056%8h0.1250−0.160%$2.8M$6.0M75xas long as short
Variational Omni OP+0.0063%8h0.1248−0.321%$221K$47Kas long as short
Lighter OP+0.0096%1h0.1252+0.032%$289K$1.1M15xas long as short
Hyperliquid OP+0.0100%1h0.1252+0.032%$3.5M$3.6M5xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPUSDT+0.0100%8h0.1252−0.032%$206K$210K10xas long as short
Binance OPUSDT+0.0100%8h0.1252−0.021%$19.7M$67.7M75xas long as short
Bybit OPUSDT+0.0100%8h0.1251−0.072%$18.2M$26.3M75xas long as short
OKX OP-USDT-SWAP+0.0100%8h0.1251−0.072%$6.0M$29.6M50xas long as short
Gate OP_USDT+0.0100%8h0.1253+0.072%$2.0M$1.5M50xas long as short
MEXC OP_USDT+0.0100%8h0.12520.000%$22.4M$7.7M300xas long as short
Bitget OPUSDTlong+0.0100%8h0.1252long leg$5.6M$6.8M75x
BingX OP-USDCshort+0.0100%8h0.12520.000%$1.6M
Backpack OP_USDC_PERP+0.0100%1h0.1248−0.343%$116K$222K10xas long as short
edgeX OPUSDC+0.0100%4h0.1246−0.463%$4K$1.1M10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1249−0.253%$306K$5.3M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1246−0.479%$43K$695K50xas long as short
SoDEX OP-USD+0.0100%1h0.1248−0.343%$206$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1249−0.280%$166K$260K50xas long as short
Extended OP-USD+0.0104%1h0.1251−0.063%$100K$610K25xas long as short
Aevo OP-PERP+0.0104%1h0.1248−0.291%$3K$1K3xas long as short
Coinbase International OP-PERP-INTX+0.0112%1h0.1249−0.240%$24K$66K50xas long as short
Kraken Futures PF_OPUSD+0.0155%1h0.1249−0.227%$743K$678K20xas long as short
BloFin OP-USDT+0.0220%8h0.1247−0.391%$990K$324K75xas long as short
Reya OPRUSDPERP+0.0445%1h0.1248−0.358%$69420xas long as short