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 +0.006%
Price spread now: KuCoin against Aevo−0.040%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 feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.040% cheaper against Aevo than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo OP-PERP0.12880.0104pay 0.0013% / 1h51m 59s$4K3x
ShortKuCoin OPUSDTM0.12870.0100get 0.0100% / 8h51m 59s$2.9M$7.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: −0.040% → 0.000%
−$4.04
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$32.88
Costs to cover
0.280%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago3.89 bp26.1 bp −$2667.4 bp −$674doesn'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%1h0.1284−0.273%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1286−0.085%$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0344%1h0.1286−0.118%$21K$65K50xas long as short
dYdX OP-USD0.0000%1h0.1287−0.027%$40K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1287−0.040%$42K$171K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1287−0.049%150xas long as short
Orderly PERP_OP_USDC+0.0064%8h0.1286−0.118%$6K$49K10xas long as short
Variational Omni OP+0.0077%8h0.1288+0.066%$236K$54Kas long as short
Lighter OP+0.0096%1h0.1288+0.068%$291K$919K15xas long as short
Hyperliquid OP+0.0100%1h0.1288+0.061%$4.2M$2.9M5xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPUSDT+0.0100%8h0.1287−0.004%$215K$241K10xas long as short
Binance OPUSDT+0.0100%8h0.1287−0.025%$20.9M$61.7M75xas long as short
Bybit OPUSDT+0.0100%8h0.1286−0.095%$18.8M$25.6M75xas long as short
OKX OP-USDT-SWAP+0.0100%8h0.1287−0.025%$6.1M$30.5M50xas long as short
Gate OP_USDT+0.0100%8h0.1287−0.017%$2.0M$1.5M50xas long as short
MEXC OP_USDT+0.0100%8h0.1287−0.056%$20.4M$7.2M300xas long as short
KuCoin OPUSDTMshort+0.0100%8h0.1287−0.040%$2.9M$7.4M75x
Bitget OPUSDT+0.0100%8h0.1288+0.037%$6.1M$6.3M75xas long as short
BingX OP-USDC+0.0100%8h0.1288+0.037%$1.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1287−0.071%$125K$189K10xas long as short
edgeX OPUSDC+0.0100%4h0.1289+0.150%$11K$383K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1288+0.010%$322K$5.0M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1288+0.037%$46K$722K50xas long as short
SoDEX OP-USD+0.0100%1h0.1287−0.056%$188$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1287−0.033%$178K$233K50xas long as short
Extended OP-USD+0.0104%1h0.1287−0.068%$103K$186K25xas long as short
Aevo OP-PERPlong+0.0104%1h0.1288long leg$4K3x
BloFin OP-USDT+0.0220%8h0.1287−0.040%$1.0M$291K75xas long as short
Kraken Futures PF_OPUSD+0.0355%1h0.1288+0.055%$805K$745K20xas long as short
Reya OPRUSDPERP+0.0437%1h0.1286−0.106%$71520xas long as short