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

OP

all OP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC−0.0333%/8h= −36.5% APRnext payment $0.42 per $10,000 · paid last 24h −0.088%
Price spread now: GMX against Aevo0.000%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 feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$10 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo OP-PERP0.12440.0104pay 0.0013% / 1h48m 35s$4K3x
ShortGMX OP/USD [OP-USDC]0.1244L −0.1066% / S +0.0229%pay 0.0029% / 1h48m 35s$13K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
−$69.99
Price spread: 0.000% → 0.000%
$0
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee GMX: 6 bp × 2 orders
−$12
Net
−$97.99
Costs to cover
0.280%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; GMX: 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 GMX no order-book sample
Aevo and GMX: 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−0.1622%1h0.1240−0.284%$34K$58K12xas long as short
GMX OP/USD [OP-USDC]shortL −0.1066% / S +0.0229%1h0.12440.000%$13K100x
Coinbase International OP-PERP-INTX−0.0304%1h0.1237−0.525%$21K$65K50xas long as short
Variational Omni OP−0.0025%8h0.1245+0.099%$227K$43Kas long as short
dYdX OP-USD0.0000%1h0.1243−0.079%$38K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1244+0.038%$43K$184K25xas long as short
Kraken Futures PF_OPUSD+0.0001%1h0.1245+0.087%$770K$762K20xas long as short
Orderly PERP_OP_USDC+0.0004%8h0.1243−0.043%$6K$51K10xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1244+0.045%150xas long as short
Gate OP_USDT+0.0092%8h0.1242−0.131%$1.8M$1.4M50xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX OP-USDT-SWAP+0.0095%8h0.1241−0.179%$5.8M$29.3M50xas long as short
Lighter OP+0.0096%1h0.1243−0.043%$268K$894K15xas long as short
Hyperliquid OP+0.0100%1h0.1244+0.006%$3.8M$2.9M5xas long as short
Aster OPUSDT+0.0100%8h0.1243−0.038%$210K$255K10xas long as short
Binance OPUSDT+0.0100%8h0.1241−0.168%$19.8M$62.9M75xas long as short
Bybit OPUSDT+0.0100%8h0.1241−0.220%$18.1M$25.7M75xas long as short
MEXC OP_USDT+0.0100%8h0.1242−0.131%$20.0M$7.1M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1242−0.123%$2.9M$7.5M75xas long as short
Bitget OPUSDT+0.0100%8h0.1242−0.123%$5.9M$6.2M75xas long as short
BingX OP-USDT+0.0100%8h0.1241−0.171%$6.5Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1243−0.018%$129K$194K10xas long as short
edgeX OPUSDC+0.0100%4h0.1243−0.008%$9K$380K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1243−0.044%$308K$5.3M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1243−0.043%$45K$722K50xas long as short
SoDEX OP-USD+0.0100%1h0.1243−0.043%$159$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1244+0.070%$176K$246K50xas long as short
Extended OP-USD+0.0104%1h0.1241−0.167%$100K$204K25xas long as short
Aevo OP-PERPlong+0.0104%1h0.1244long leg$4K3x
BloFin OP-USDT+0.0220%8h0.1246+0.183%$975K$293K75xas long as short
Reya OPRUSDPERP+0.0435%1h0.1242−0.140%$69020xas long as short