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

OP

all OP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against Aster+0.326%59s7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$980.976% 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 4 days (all we have)−0.155%−$15 · spread now +0.326%, 7d avg +0.013%
Together, before fees−0.158%+ Points / potential airdropAster: Stage 5 · farm board−$16 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: ApeX Omni is 0.313% dearer against Aster than usual: you sell high and buy low, +$31 on $10k if it goes back to its 7-day average of +0.013%. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster OPUSDT0.12540.0100pay 0.0100% / 8h2h 42m$209K$216K10x
ShortApeX Omni OPUSDT0.12580.0100get 0.0013% / 1h42m 30s$43K$705K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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: +0.326% → +0.013%
$31.3
Slippage, 4 orders
−$79.65
Fee Aster: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$66.35
Costs to cover
0.976%
Break-even
never at this rate
Slippage from Aster: live order book, 4 min ago; ApeX Omni: live order book, 6 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 Aster live order book, 4 min ago10.32 bp34.2 bp −$34doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 6 min ago11.77 bp21.0 bp −$21114.0 bp −$1,140doesn'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−0.1583%1h0.1252−0.153%$34K$59K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1258+0.299%$13K100xas long as short
Deribit OP_USDC-PERPETUAL−0.0546%1h0.1256+0.166%$40K$139K25xas long as short
dYdX OP-USD0.0000%1h0.1254+0.040%$39K$53210xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1258+0.305%150xas long as short
Variational Omni OP+0.0026%8h0.1260+0.464%$223K$48Kas long as short
Orderly PERP_OP_USDC+0.0039%8h0.1255+0.086%$59K$107K10xas long as short
Kraken Futures PF_OPUSD+0.0074%1h0.1259+0.372%$764K$590K20xas long as short
OKX OP-USDT-SWAP+0.0095%8h0.1253−0.089%$6.2M$28.5M50xas long as short
Lighter OP+0.0096%1h0.1254−0.017%$282K$980K15xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid OP+0.0100%1h0.1253−0.049%$3.5M$2.8M5xas long as short
Aster OPUSDTlong+0.0100%8h0.1254long leg$209K$216K10x
Binance OPUSDT+0.0100%8h0.1252−0.172%$20.2M$63.0M75xas long as short
Bybit OPUSDT+0.0100%8h0.1251−0.249%$18.5M$25.4M75xas long as short
Gate OP_USDT+0.0100%8h0.1252−0.129%$2.0M$1.5M50xas long as short
MEXC OP_USDT+0.0100%8h0.1252−0.145%$21.3M$7.2M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1252−0.153%$2.9M$6.4M75xas long as short
Bitget OPUSDT+0.0100%8h0.1252−0.153%$5.8M$6.6M75xas long as short
BingX OP-USDT+0.0100%8h0.1252−0.177%$6.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1253−0.049%$105K$213K10xas long as short
edgeX OPUSDC+0.0100%4h0.1271+1.332%$385K$769K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1255+0.094%$310K$5.1M10xas long as short
ApeX Omni OPUSDTshort+0.0100%1h0.1258+0.326%$43K$705K50x
SoDEX OP-USD+0.0100%1h0.1256+0.158%$202$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1256+0.190%$171K$234K50xas long as short
Extended OP-USD+0.0104%1h0.1251−0.203%$101K$505K25xas long as short
Aevo OP-PERP+0.0104%1h0.1255+0.126%$3K$1K3xas long as short
Coinbase International OP-PERP-INTX+0.0160%1h0.1257+0.246%$25K$57K50xas long as short
BloFin OP-USDT+0.0220%8h0.1257+0.230%$1.0M$277K75xas long as short
Reya OPRUSDPERP+0.0442%1h0.1252−0.127%$69620xas long as short