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

OP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bitget against SoDEX−0.016%7-day average · you buy dearer than you sell
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX OP-USD0.12490.0100pay 0.0013% / 1h17m 58s$201$5K5x
ShortBitget OPUSDT0.12490.0100get 0.0100% / 8h6h 17m$5.8M$6.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against SoDEX. 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: −0.016% → 0.000%
−$1.6
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$21.6
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: SoDEX: no order-book sample; Bitget: 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 SoDEX no order-book sample
Sell Bitget live order book, 3 min ago4.00 bp10.0 bp −$1020.8 bp −$208111.7 bp −$11.2Kdoesn't fit
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 exchanges

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−0.1934%1h0.1257+0.624%$35K$67K12xas long as short
GMX OP/USD [OP-USDC]L −0.0886% / S +0.0200%1h0.1248−0.075%$13K100xas long as short
Deribit OP_USDC-PERPETUAL−0.0550%1h0.1249−0.016%$31K$128K25xas long as short
Orderly PERP_OP_USDC−0.0058%8h0.1248−0.096%$12K$233K10xas long as short
dYdX OP-USD0.0000%1h0.1250+0.056%$39K$52210xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1248−0.096%150xas long as short
MEXC OP_USDT+0.0021%8h0.1249−0.024%$22.1M$7.6M300xas long as short
Binance OPUSDT+0.0021%8h0.1249−0.042%$19.2M$68.2M75xas long as short
Extended OP-USD+0.0024%1h0.1248−0.084%$102K$579K25xas long as short
GRVT OP_USDT_Perp+0.0028%8h0.1251+0.115%$305K$5.5M10xas long as short
Show all 30 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate OP_USDT+0.0057%8h0.1250+0.040%$2.0M$1.4M50xas long as short
Variational Omni OP+0.0072%8h0.1250+0.040%$221K$46Kas long as short
KuCoin OPUSDTM+0.0076%8h0.1248−0.096%$2.9M$5.8M75xas long as short
Coinbase International OP-PERP-INTX+0.0080%1h0.1248−0.096%$26K$71K50xas long as short
BloFin OP-USDT+0.0085%8h0.1248−0.096%$979K$278K75xas long as short
Aevo OP-PERP+0.0088%1h0.1249−0.056%$3K$1K3xas long as short
Lighter OP+0.0096%1h0.1250+0.048%$265K$1.1M15xas long as short
Hyperliquid OP+0.0100%1h0.1249−0.032%$3.5M$3.7M5xas long as short
Aster OPUSDT+0.0100%8h0.1249−0.048%$207K$224K10xas long as short
Bybit OPUSDT+0.0100%8h0.1248−0.064%$18.1M$25.8M75xas long as short
OKX OP-USDT-SWAP+0.0100%8h0.1249−0.024%$6.0M$28.6M50xas long as short
Bitget OPUSDTshort+0.0100%8h0.1249−0.016%$5.8M$6.8M75x
BingX OP-USDT+0.0100%8h0.1249−0.024%$6.5Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1249+0.008%$110K$222K10xas long as short
edgeX OPUSDC+0.0100%4h0.1250+0.103%$4K$1.1M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1251+0.144%$43K$690K50xas long as short
SoDEX OP-USDlong+0.0100%1h0.1249long leg$201$5K5x
HTX OP-USDT+0.0100%8h0.1252+0.224%$169K$257K50xas long as short
Reya OPRUSDPERP+0.0446%1h0.1249+0.006%$69520xas long as short
Kraken Futures PF_OPUSD+0.0512%1h0.1251+0.147%$744K$802K20xas long as short