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

OP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0329%/8h= −36.1% APRpaid last 24h −0.095%
Price spread now: GMX against HTX+0.018%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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$10 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX OP-USDT0.12730.0100pay 0.0100% / 8h4h 24m$175K$226K50x
ShortGMX OP/USD [OP-USDC]0.1273L −0.1065% / S +0.0229%pay 0.0029% / 1h24m 38s$13K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against HTX. 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
−$69.15
Price spread: +0.018% → 0.000%
$1.81
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee GMX: 6 bp × 2 orders
−$12
Net
−$91.34
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: HTX: live order book, 32 min ago; GMX: 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 HTX live order book, 32 min ago9.05 bp16.3 bp −$162565.9 bp −$25.7Kdoesn't fitdoesn't fit
Sell GMX no order-book sample
GMX: 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−0.1607%1h0.1263−0.786%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]shortL −0.1065% / S +0.0229%1h0.1273+0.018%$13K100x
dYdX OP-USD0.0000%1h0.1271−0.175%$39K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.12730.000%$42K$140K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1273+0.009%150xas long as short
OKX OP-USDT-SWAP+0.0045%8h0.1272−0.118%$6.2M$28.7M50xas long as short
Orderly PERP_OP_USDC+0.0054%8h0.1274+0.079%$6K$45K10xas long as short
Variational Omni OP+0.0060%8h0.1270−0.274%$224K$48Kas long as short
Lighter OP+0.0096%1h0.1272−0.094%$279K$941K15xas long as short
Hyperliquid OP+0.0100%1h0.1273−0.016%$3.7M$2.8M5xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPUSDT+0.0100%8h0.1271−0.123%$212K$219K10xas long as short
Binance OPUSDT+0.0100%8h0.1271−0.134%$20.5M$60.2M75xas long as short
Bybit OPUSDT+0.0100%8h0.1270−0.196%$18.6M$24.9M75xas long as short
Gate OP_USDT+0.0100%8h0.1272−0.110%$2.0M$1.4M50xas long as short
MEXC OP_USDT+0.0100%8h0.1272−0.110%$21.5M$7.2M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1270−0.236%$2.9M$6.5M75xas long as short
Bitget OPUSDT+0.0100%8h0.1271−0.157%$5.9M$6.4M75xas long as short
BingX OP-USDC+0.0100%8h0.1271−0.157%$1.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1271−0.165%$125K$199K10xas long as short
edgeX OPUSDC+0.0100%4h0.1269−0.324%$4K$385K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1271−0.196%$318K$5.1M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1269−0.314%$44K$711K50xas long as short
SoDEX OP-USD+0.0100%1h0.1273−0.008%$204$6K5xas long as short
HTX OP-USDTlong+0.0100%8h0.1273long leg$175K$226K50x
Extended OP-USD+0.0104%1h0.1271−0.172%$104K$394K25xas long as short
Aevo OP-PERP+0.0104%1h0.1273−0.009%$3K$1K3xas long as short
Coinbase International OP-PERP-INTX+0.0168%1h0.1262−0.864%$24K$63K50xas long as short
BloFin OP-USDT+0.0220%8h0.1271−0.134%$999K$280K75xas long as short
Kraken Futures PF_OPUSD+0.0346%1h0.1273+0.037%$792K$547K20xas long as short
Reya OPRUSDPERP+0.0441%1h0.1273+0.037%$70820xas long as short