Funding you earn now, next payment 08:00 UTC−0.0047%/8h= −5.1% APRnext payment −$0.47 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Aster+0.030%7-day average −0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$1171.168% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.138%−$14 · spread now +0.030%, 7d avg −0.055%
=Together, before fees−0.140%+ Points / potential airdropAster: Stage 5 · farm board−$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. KuCoin is 0.084% dearer against Aster than usual: you sell high and buy low (spread +0.030% now, against its 7-day average of −0.055%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.0 days. At the pace of the last 7 days (−0.001% in total) that is about 14 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster OPUSDT | 0.1251 | 0.0100 | pay 0.0100% / 8h | 45m 31s | $205K | $210K | 10x |
| Short | KuCoin OPUSDTM | 0.1251 | 0.0053 | get 0.0053% / 8h | 45m 31s | $2.8M | $6.2M | 75x |
Aster OPUSDT
KuCoin OPUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Aster. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$9.87
- Price spread: +0.030% → −0.055%
- $8.43
- Slippage, 4 orders
- −$96.82
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$118.27
- Costs to cover
- 1.168%
- Break-even
- never at this rate
Slippage from Aster: live order book, 56 min ago; KuCoin: live order book, 2 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Aster live order book, 56 min ago | 11.45 bp | 34.7 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 3.98 bp | 31.2 bp −$31 | 82.2 bp −$822 | doesn't fit | doesn't fit |
OP on 30 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1660% | 1h | 0.1251 | +0.030% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.0898% / S +0.0202% | 1h | 0.1253 | +0.225% | $13K | — | 100x | as long as short |
| Orderly PERP_OP_USDC | −0.0053% | 8h | 0.1253 | +0.190% | $12K | $236K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1251 | +0.030% | $39K | $522 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1252 | +0.110% | $32K | $154K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1253 | +0.191% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0034% | 8h | 0.1253 | +0.214% | $222K | $47K | — | as long as short |
| KuCoin OPUSDTMshort | +0.0053% | 8h | 0.1251 | +0.030% | $2.8M | $6.2M | 75x | |
| Coinbase International OP-PERP-INTX | +0.0080% | 1h | 0.1248 | −0.210% | $24K | $65K | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1251 | +0.062% | $288K | $1.1M | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Orderly PERP_OP_USDC
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Variational Omni OP
Coinbase International OP-PERP-INTX
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1253 | +0.198% | $3.5M | $3.7M | 5x | as long as short |
| Aster OPUSDTlong | +0.0100% | 8h | 0.1251 | long leg | $205K | $210K | 10x | |
| Binance OPUSDT | +0.0100% | 8h | 0.1249 | −0.121% | $19.8M | $67.1M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1249 | −0.146% | $18.3M | $26.1M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1249 | −0.098% | $6.0M | $29.3M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1252 | +0.070% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1250 | −0.090% | $22.3M | $7.8M | 300x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1250 | −0.050% | $5.6M | $6.9M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1249 | −0.130% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1252 | +0.078% | $115K | $219K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1256 | +0.438% | $4K | $1.1M | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1255 | +0.349% | $306K | $5.2M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1254 | +0.270% | $43K | $699K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1252 | +0.142% | $204 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1254 | +0.238% | $166K | $260K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1249 | −0.130% | $101K | $600K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1253 | +0.154% | $3K | $1K | 3x | as long as short |
| Kraken Futures PF_OPUSD | +0.0164% | 1h | 0.1253 | +0.197% | $748K | $670K | 20x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1257 | +0.478% | $1.0M | $324K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0444% | 1h | 0.1253 | +0.194% | $697 | — | 20x | as long as short |
Hyperliquid OP
Binance OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Kraken Futures PF_OPUSD
BloFin OP-USDT
Reya OPRUSDPERP