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

OP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.007%
Price spread now: BingX against Aevo+0.013%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 5 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
LongAevo OP-PERP0.12770.0104pay 0.0013% / 1h23m 12s$4K3x
ShortBingX OP-USDC0.12770.0100get 0.0100% / 8h1h 23m$1.6M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Aevo. 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
−$0.84
Price spread: +0.013% → 0.000%
$1.25
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee BingX: 5 bp × 2 orders
−$10
Net
−$25.59
Costs to cover
0.260%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; BingX: live order book, 9 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 Aevo no order-book sample
Sell BingX live order book, 9 min ago7.87 bp99.0 bp −$99830.4 bp −$8,3041119.2 bp −$111.9Kdoesn't fit
Aevo: 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−0.1710%1h0.1266−0.849%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1277+0.027%$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0360%1h0.1269−0.614%$21K$64K50xas long as short
dYdX OP-USD0.0000%1h0.1277+0.001%$39K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1276−0.066%$42K$171K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1277+0.026%150xas long as short
Variational Omni OP+0.0047%8h0.1273−0.333%$233K$52Kas long as short
Orderly PERP_OP_USDC+0.0059%8h0.1276−0.066%$6K$49K10xas long as short
Lighter OP+0.0096%1h0.1277−0.019%$277K$906K15xas long as short
OKX OP-USDT-SWAP+0.0096%8h0.1276−0.074%$6.0M$30.2M50xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid OP+0.0100%1h0.1277+0.044%$4.1M$2.9M5xas long as short
Aster OPUSDT+0.0100%8h0.1277+0.036%$213K$241K10xas long as short
Binance OPUSDT+0.0100%8h0.1276−0.053%$20.7M$61.8M75xas long as short
Bybit OPUSDT+0.0100%8h0.1276−0.089%$18.8M$25.4M75xas long as short
Gate OP_USDT+0.0100%8h0.1277−0.019%$1.9M$1.5M50xas long as short
MEXC OP_USDT+0.0100%8h0.1276−0.042%$20.1M$7.1M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1276−0.066%$2.9M$7.5M75xas long as short
Bitget OPUSDT+0.0100%8h0.1277+0.013%$6.1M$6.2M75xas long as short
BingX OP-USDCshort+0.0100%8h0.1277+0.013%$1.6M
Backpack OP_USDC_PERP+0.0100%1h0.1276−0.058%$127K$190K10xas long as short
edgeX OPUSDC+0.0100%4h0.1275−0.139%$11K$380K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1276−0.066%$319K$5.1M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1276−0.066%$46K$721K50xas long as short
SoDEX OP-USD+0.0100%1h0.1276−0.097%$176$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1278+0.060%$177K$232K50xas long as short
Extended OP-USD+0.0104%1h0.1275−0.128%$102K$186K25xas long as short
Aevo OP-PERPlong+0.0104%1h0.1277long leg$4K3x
BloFin OP-USDT+0.0220%8h0.1276−0.089%$1.0M$287K75xas long as short
Kraken Futures PF_OPUSD+0.0225%1h0.1277+0.051%$798K$745K20xas long as short
Reya OPRUSDPERP+0.0437%1h0.1276−0.044%$71020xas long as short