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

OP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Aster against ApeX Omni+0.060%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$840.843% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.004%$0 on $10k
Price spread, last 3 days (all we have)−0.257%−$26 · spread now +0.060%, 7d avg −0.020%
Together, before fees−0.253%+ Points / potential airdropAster: Stage 5 · farm board−$25 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.080% dearer against ApeX Omni than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni OPUSDT0.12670.0100pay 0.0013% / 1h43m 04s$43K$723K50x
ShortAster OPUSDT0.12680.0100get 0.0100% / 8h7h 43m$212K$236K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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
Price spread: +0.060% → −0.020%
$7.97
Slippage, 4 orders
−$66.29
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$76.31
Costs to cover
0.843%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 31 min ago; Aster: live order book, 29 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 31 min ago7.86 bp16.7 bp −$17116.4 bp −$1,164doesn't fitdoesn't fit
Sell Aster live order book, 29 min ago11.80 bp19.1 bp −$19doesn't fitdoesn't fitdoesn't fit

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−0.1656%1h0.1261−0.474%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.12670.000%$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0352%1h0.1262−0.395%$21K$64K50xas long as short
Bybit OPUSDT−0.0102%8h0.1265−0.189%$18.4M$26.0M75xas long as short
dYdX OP-USD0.0000%1h0.1266−0.063%$39K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.12670.000%$42K$171K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1267−0.028%150xas long as short
Variational Omni OP+0.0052%8h0.1266−0.075%$231K$47Kas long as short
Orderly PERP_OP_USDC+0.0057%8h0.12670.000%$6K$49K10xas long as short
Lighter OP+0.0096%1h0.1267−0.008%$284K$946K15xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid OP+0.0100%1h0.1267−0.039%$4.1M$2.9M5xas long as short
Aster OPUSDTshort+0.0100%8h0.1268+0.060%$212K$236K10x
Binance OPUSDT+0.0100%8h0.1266−0.109%$20.5M$62.1M75xas long as short
OKX OP-USDT-SWAP+0.0100%8h0.1265−0.166%$6.1M$29.9M50xas long as short
Gate OP_USDT+0.0100%8h0.1266−0.087%$1.9M$1.5M50xas long as short
MEXC OP_USDT+0.0100%8h0.1266−0.063%$20.2M$7.3M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1266−0.079%$2.9M$7.2M75xas long as short
Bitget OPUSDT+0.0100%8h0.12670.000%$6.0M$6.4M75xas long as short
BingX OP-USDT+0.0100%8h0.1265−0.166%$6.8Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1266−0.095%$121K$189K10xas long as short
edgeX OPUSDC+0.0100%4h0.1267+0.015%$4K$392K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1268+0.071%$308K$4.9M10xas long as short
ApeX Omni OPUSDTlong+0.0100%1h0.1267long leg$43K$723K50x
SoDEX OP-USD+0.0100%1h0.1266−0.055%$186$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1267+0.032%$175K$235K50xas long as short
Extended OP-USD+0.0104%1h0.1266−0.096%$102K$292K25xas long as short
Aevo OP-PERP+0.0104%1h0.1267−0.013%$3K$1K3xas long as short
BloFin OP-USDT+0.0220%8h0.1266−0.095%$1.0M$281K75xas long as short
Kraken Futures PF_OPUSD+0.0383%1h0.1267+0.006%$799K$754K20xas long as short
Reya OPRUSDPERP+0.0438%1h0.1266−0.073%$70420xas long as short