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

OP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against KuCoin0.000%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$860.858% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.002%$0 on $10k
Price spread, last 7 days+0.033%+$3 · spread now 0.000%, 7d avg +0.019%
Together, before fees+0.031%+$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin OPUSDTM0.12740.0100pay 0.0100% / 8h21m 34s$2.9M$7.3M75x
ShortBitget OPUSDT0.12740.0100get 0.0100% / 8h21m 34s$6.1M$6.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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% → +0.019%
−$1.92
Slippage, 4 orders
−$61.79
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$87.71
Costs to cover
0.858%
Break-even
never at this rate
Slippage from KuCoin: live order book, 1 min ago; Bitget: 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 KuCoin live order book, 1 min ago3.93 bp27.4 bp −$2775.0 bp −$750doesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago3.93 bp9.9 bp −$1024.3 bp −$24399.6 bp −$9,956doesn'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−0.1633%1h0.1267−0.549%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1276+0.182%$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0344%1h0.1270−0.314%$21K$65K50xas long as short
dYdX OP-USD0.0000%1h0.1275+0.064%$39K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1276+0.157%$42K$171K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1276+0.157%150xas long as short
Orderly PERP_OP_USDC+0.0062%8h0.1275+0.078%$6K$50K10xas long as short
Variational Omni OP+0.0072%8h0.1275+0.091%$234K$54Kas long as short
Lighter OP+0.0096%1h0.1275+0.102%$289K$954K15xas long as short
Hyperliquid OP+0.0100%1h0.1275+0.094%$4.1M$2.9M5xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPUSDT+0.0100%8h0.1275+0.085%$213K$241K10xas long as short
Binance OPUSDT+0.0100%8h0.1274+0.020%$20.6M$61.9M75xas long as short
Bybit OPUSDT+0.0100%8h0.1273−0.102%$18.3M$25.9M75xas long as short
OKX OP-USDT-SWAP+0.0100%8h0.1273−0.071%$6.0M$30.3M50xas long as short
Gate OP_USDT+0.0100%8h0.1275+0.047%$2.0M$1.5M50xas long as short
MEXC OP_USDT+0.0100%8h0.1273−0.039%$20.1M$7.3M300xas long as short
KuCoin OPUSDTMlong+0.0100%8h0.1274long leg$2.9M$7.3M75x
Bitget OPUSDTshort+0.0100%8h0.12740.000%$6.1M$6.3M75x
BingX OP-USDT+0.0100%8h0.1274+0.008%$6.8Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1275+0.102%$124K$189K10xas long as short
edgeX OPUSDC+0.0100%4h0.1272−0.174%$10K$383K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1274−0.035%$320K$4.8M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1272−0.157%$46K$724K50xas long as short
SoDEX OP-USD+0.0100%1h0.1275+0.086%$190$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1276+0.126%$176K$235K50xas long as short
Extended OP-USD+0.0104%1h0.1274−0.007%$102K$186K25xas long as short
Aevo OP-PERP+0.0104%1h0.1275+0.118%$4K3xas long as short
BloFin OP-USDT+0.0220%8h0.1273−0.071%$1.0M$279K75xas long as short
Kraken Futures PF_OPUSD+0.0358%1h0.1276+0.150%$802K$749K20xas long as short
Reya OPRUSDPERP+0.0438%1h0.1273−0.059%$70820xas long as short