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−0.0338%/8h= −37.0% APRpaid last 24h −0.130%
Price spread now: Gate against Reya+0.226%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 fees+ Points / potential airdropReya: Active · farm boardneeds both histories
The price spread pays, funding is against you. Gate is 0.226% dearer against Reya than usual: you sell high and buy low (spread +0.226% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 2.2 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya OPRUSDPERP0.12650.0438pay 0.0055% / 1h55m 09s$70420x
ShortGate OP_USDT0.12680.0100get 0.0100% / 8h7h 55m$2.0M$1.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Reya. 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
−$70.99
Price spread: +0.226% → 0.000%
$22.62
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$69.37
Costs to cover
0.210%
Break-even
from the start
Slippage unknown: Reya: no order-book sample; Gate: live order book, 3 min ago. 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 Reya no order-book sample
Sell Gate live order book, 3 min ago3.15 bp26.2 bp −$2660.9 bp −$609doesn't fitdoesn't fit
Reya: 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%1h0.1265−0.019%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1266+0.045%$13K100xas long as short
Deribit OP_USDC-PERPETUAL−0.0541%1h0.1264−0.098%$42K$171K25xas long as short
Coinbase International OP-PERP-INTX−0.0352%1h0.1270+0.376%$21K$65K50xas long as short
Bybit OPUSDT−0.0165%8h0.1267+0.116%$18.4M$26.2M75xas long as short
dYdX OP-USD0.0000%1h0.1267+0.125%$39K$51910xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1266+0.043%150xas long as short
Orderly PERP_OP_USDC+0.0059%8h0.1265−0.019%$6K$49K10xas long as short
Variational Omni OP+0.0063%8h0.1271+0.422%$232K$47Kas long as short
Lighter OP+0.0096%1h0.1266+0.068%$287K$939K15xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid OP+0.0100%1h0.1269+0.282%$4.1M$2.9M5xas long as short
Aster OPUSDT+0.0100%8h0.1267+0.112%$212K$236K10xas long as short
Binance OPUSDT+0.0100%8h0.1265−0.011%$20.5M$62.0M75xas long as short
OKX OP-USDT-SWAP+0.0100%8h0.1269+0.274%$6.0M$30.2M50xas long as short
Gate OP_USDTshort+0.0100%8h0.1268+0.226%$2.0M$1.5M50x
MEXC OP_USDT+0.0100%8h0.1266+0.029%$20.2M$7.3M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1266+0.060%$2.9M$7.3M75xas long as short
Bitget OPUSDT+0.0100%8h0.1269+0.297%$6.0M$6.4M75xas long as short
BingX OP-USDC+0.0100%8h0.1269+0.297%$1.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1267+0.171%$123K$188K10xas long as short
edgeX OPUSDC+0.0100%4h0.1271+0.453%$9K$382K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1271+0.422%$322K$4.8M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1272+0.534%$46K$721K50xas long as short
SoDEX OP-USD+0.0100%1h0.1265−0.058%$181$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1267+0.108%$175K$234K50xas long as short
Extended OP-USD+0.0104%1h0.1264−0.077%$102K$182K25xas long as short
Aevo OP-PERP+0.0104%1h0.1268+0.191%$3K$1K3xas long as short
BloFin OP-USDT+0.0220%8h0.1265+0.013%$1.0M$280K75xas long as short
Kraken Futures PF_OPUSD+0.0383%1h0.1266+0.077%$799K$754K20xas long as short
Reya OPRUSDPERPlong+0.0438%1h0.1265long leg$70420x