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

OP

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.007%
Price spread now: edgeX against Aevo−0.193%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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropedgeX: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.193% cheaper against Aevo than usual: you would sell low and buy high, −$19 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo OP-PERP0.12890.0104pay 0.0013% / 1h56m 57s$4K3x
ShortedgeX OPUSDC0.12860.0100get 0.0050% / 4h56m 57s$11K$382K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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: −0.193% → 0.000%
−$19.32
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$45.16
Costs to cover
0.250%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; edgeX: live order book, 21 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 edgeX live order book, 21 min ago7.81 bp18.9 bp −$19143.8 bp −$1,438doesn't fitdoesn'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−0.1633%1h0.1281−0.606%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1288−0.043%$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0344%1h0.1280−0.684%$21K$64K50xas long as short
dYdX OP-USD0.0000%1h0.1288−0.086%$40K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1288−0.063%$42K$171K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1288−0.063%150xas long as short
Orderly PERP_OP_USDC+0.0063%8h0.1288−0.063%$6K$50K10xas long as short
Variational Omni OP+0.0076%8h0.1284−0.344%$236K$54Kas long as short
Lighter OP+0.0096%1h0.1290+0.092%$291K$918K15xas long as short
Hyperliquid OP+0.0100%1h0.1290+0.123%$4.2M$2.9M5xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPUSDT+0.0100%8h0.1290+0.060%$215K$241K10xas long as short
Binance OPUSDT+0.0100%8h0.1289+0.030%$20.9M$61.7M75xas long as short
Bybit OPUSDT+0.0100%8h0.1288−0.024%$18.9M$25.5M75xas long as short
OKX OP-USDT-SWAP+0.0100%8h0.1289+0.030%$6.1M$30.5M50xas long as short
Gate OP_USDT+0.0100%8h0.1289+0.007%$2.0M$1.5M50xas long as short
MEXC OP_USDT+0.0100%8h0.1289+0.015%$20.6M$7.1M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1288−0.063%$2.9M$7.4M75xas long as short
Bitget OPUSDT+0.0100%8h0.1289+0.015%$6.1M$6.3M75xas long as short
BingX OP-USDT+0.0100%8h0.1289+0.023%$6.8Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1289+0.015%$126K$189K10xas long as short
edgeX OPUSDCshort+0.0100%4h0.1286−0.193%$11K$382K10x
GRVT OP_USDT_Perp+0.0100%8h0.1287−0.110%$322K$5.1M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1286−0.218%$46K$722K50xas long as short
SoDEX OP-USD+0.0100%1h0.1288−0.040%$182$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1288−0.102%$178K$232K50xas long as short
Extended OP-USD+0.0104%1h0.1289−0.005%$103K$186K25xas long as short
Aevo OP-PERPlong+0.0104%1h0.1289long leg$4K3x
BloFin OP-USDT+0.0220%8h0.1288−0.047%$1.0M$291K75xas long as short
Kraken Futures PF_OPUSD+0.0354%1h0.1290+0.061%$806K$745K20xas long as short
Reya OPRUSDPERP+0.0437%1h0.1288−0.068%$71620xas long as short