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

OP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0104%/8h= −11.4% APRnext payment $0.13 per $10,000 · paid last 24h −0.026%
Price spread now: dYdX against Aevo+0.261%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
The price spread pays, funding is against you. dYdX is 0.261% dearer against Aevo than usual: you sell high and buy low (spread +0.261% now, against zero (this spread has no 7-day history yet)): +$26 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.4 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo OP-PERP0.12410.0104pay 0.0013% / 1h22m 41s$3K$1K3x
ShortdYdX OP-USD0.12450get 0.0000% / 1h22m 41s$38K$53210x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
−$21.84
Price spread: +0.261% → 0.000%
$26.1
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$21.74
Costs to cover
0.260%
Break-even
from the start
Slippage unknown: Aevo: no order-book sample; dYdX: 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 Aevo no order-book sample
Sell dYdX no order-book sample
Aevo and dYdX: 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−0.1583%1h0.1236−0.424%$34K$59K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1243+0.115%$13K100xas long as short
Deribit OP_USDC-PERPETUAL−0.0555%1h0.1242+0.060%$40K$139K25xas long as short
dYdX OP-USDshort0.0000%1h0.1245+0.261%$38K$53210x
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1243+0.106%150xas long as short
Orderly PERP_OP_USDC+0.0012%8h0.1241−0.021%$59K$142K10xas long as short
Variational Omni OP+0.0023%8h0.1243+0.112%$220K$45Kas long as short
Kraken Futures PF_OPUSD+0.0075%1h0.1244+0.196%$748K$629K20xas long as short
Bybit OPUSDT+0.0085%8h0.1244+0.213%$18.3M$25.6M75xas long as short
Lighter OP+0.0096%1h0.1244+0.245%$277K$1.0M15xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid OP+0.0100%1h0.1244+0.213%$3.3M$2.9M5xas long as short
Aster OPUSDT+0.0100%8h0.1244+0.222%$203K$210K10xas long as short
Binance OPUSDT+0.0100%8h0.1244+0.221%$19.5M$64.0M75xas long as short
OKX OP-USDT-SWAP+0.0100%8h0.1245+0.261%$6.1M$28.7M50xas long as short
Gate OP_USDT+0.0100%8h0.1244+0.253%$2.0M$1.5M50xas long as short
MEXC OP_USDT+0.0100%8h0.1245+0.293%$22.7M$7.7M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1243+0.140%$2.8M$6.4M75xas long as short
Bitget OPUSDT+0.0100%8h0.1243+0.140%$5.7M$6.6M75xas long as short
BingX OP-USDT+0.0100%8h0.1244+0.253%$6.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1243+0.124%$104K$214K10xas long as short
edgeX OPUSDC+0.0100%4h0.1245+0.323%$377K$766K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1245+0.301%$310K$5.4M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1247+0.462%$43K$705K50xas long as short
SoDEX OP-USD+0.0100%1h0.1242+0.052%$195$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1243+0.140%$172K$239K50xas long as short
Extended OP-USD+0.0104%1h0.1244+0.206%$99K$502K25xas long as short
Aevo OP-PERPlong+0.0104%1h0.1241long leg$3K$1K3x
Coinbase International OP-PERP-INTX+0.0160%1h0.1243+0.140%$26K$59K50xas long as short
BloFin OP-USDT+0.0220%8h0.1243+0.148%$990K$274K75xas long as short
Reya OPRUSDPERP+0.0443%1h0.1241−0.026%$69020xas long as short