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

OP

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Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.003%
Price spread now: SoDEX against BloFin0.000%56s7-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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin OP-USDT0.12660.0220pay 0.0220% / 8h7h 50m$1.0M$280K75x
ShortSoDEX OP-USD0.12660.0100get 0.0013% / 1h50m 05s$185$6K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against BloFin. 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
−$25.2
Price spread: 0.000% → 0.000%
$0
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$45.2
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: BloFin: live order book, 2 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 BloFin live order book, 2 min ago1.58 bp11.1 bp −$1122.6 bp −$22661.1 bp −$6,107doesn'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−0.1656%1h0.1262−0.300%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1268+0.176%$13K100xas long as short
Deribit OP_USDC-PERPETUAL−0.0539%1h0.1266+0.016%$42K$171K25xas long as short
Coinbase International OP-PERP-INTX−0.0352%1h0.1264−0.142%$21K$64K50xas long as short
Bybit OPUSDT−0.0142%8h0.1265−0.079%$18.4M$26.2M75xas long as short
ApeX Omni OPUSDT−0.0024%1h0.1270+0.332%$44K$723K50xas long as short
dYdX OP-USD0.0000%1h0.1267+0.079%$39K$51910xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1268+0.187%150xas long as short
Variational Omni OP+0.0058%8h0.1266+0.036%$231K$47Kas long as short
Orderly PERP_OP_USDC+0.0059%8h0.1266+0.016%$6K$49K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter OP+0.0096%1h0.1267+0.095%$287K$939K15xas long as short
Hyperliquid OP+0.0100%1h0.1267+0.087%$4.1M$2.9M5xas long as short
Aster OPUSDT+0.0100%8h0.1269+0.230%$212K$236K10xas long as short
Binance OPUSDT+0.0100%8h0.1266−0.005%$20.5M$62.1M75xas long as short
OKX OP-USDT-SWAP+0.0100%8h0.1265−0.040%$6.0M$29.9M50xas long as short
Gate OP_USDT+0.0100%8h0.1267+0.071%$1.9M$1.5M50xas long as short
MEXC OP_USDT+0.0100%8h0.1265−0.024%$20.2M$7.3M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1266+0.016%$2.9M$7.3M75xas long as short
Bitget OPUSDT+0.0100%8h0.1266+0.016%$6.0M$6.4M75xas long as short
BingX OP-USDT+0.0100%8h0.1266−0.008%$6.8Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1265−0.024%$122K$188K10xas long as short
edgeX OPUSDC+0.0100%4h0.1269+0.266%$10K$383K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1269+0.253%$310K$4.9M10xas long as short
SoDEX OP-USDshort+0.0100%1h0.12660.000%$185$6K5x
HTX OP-USDT+0.0100%8h0.1267+0.119%$175K$234K50xas long as short
Extended OP-USD+0.0104%1h0.1265−0.053%$104K$218K25xas long as short
Aevo OP-PERP+0.0104%1h0.1267+0.080%$3K$1K3xas long as short
BloFin OP-USDTlong+0.0220%8h0.1266long leg$1.0M$280K75x
Kraken Futures PF_OPUSD+0.0383%1h0.1266+0.050%$799K$754K20xas long as short
Reya OPRUSDPERP+0.0438%1h0.1268+0.140%$70520xas long as short