Funding you earn now, next payment 08:00 UTC−0.0005%/8h= −0.5% APRnext payment −$0.05 per $10,000 · paid last 24h −0.027%
Price spread now: OKX against Aster+0.007%7-day average −0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$800.801% of the position
Funding, last 7 days−0.083%−$8 on $10k
+Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.007%, 7d avg −0.064%
=Together, before fees−0.122%+ Points / potential airdropAster: Stage 5 · farm board−$12 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: OKX is 0.071% dearer against Aster than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.064%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster OPUSDT | 0.1254 | 0.0100 | pay 0.0100% / 8h | 2h 42m | $209K | $216K | 10x |
| Short | OKX OP-USDT-SWAP | 0.1254 | 0.0095 | get 0.0095% / 8h | 2h 42m | $6.2M | $28.5M | 50x |
Aster OPUSDT
OKX OP-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$1.01
- Price spread: +0.007% → −0.064%
- $7.11
- Slippage, 4 orders
- −$62.14
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$74.04
- Costs to cover
- 0.801%
- Break-even
- never at this rate
Slippage from Aster: live order book, 4 min ago; OKX: live order book, 1 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, 4 min ago | 10.32 bp | 34.2 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 0.40 bp | 10.1 bp −$10 | 26.3 bp −$263 | 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 | −0.1583% | 1h | 0.1252 | −0.145% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1254 | +0.009% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0547% | 1h | 0.1254 | +0.015% | $40K | $139K | 25x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1254 | +0.048% | $39K | $532 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1254 | −0.007% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0026% | 8h | 0.1260 | +0.472% | $223K | $48K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0037% | 8h | 0.1253 | −0.065% | $59K | $107K | 10x | as long as short |
| Kraken Futures PF_OPUSD | +0.0074% | 1h | 0.1256 | +0.138% | $762K | $594K | 20x | as long as short |
| OKX OP-USDT-SWAPshort | +0.0095% | 8h | 0.1254 | +0.007% | $6.2M | $28.5M | 50x | |
| Lighter OP | +0.0096% | 1h | 0.1254 | −0.009% | $282K | $980K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
dYdX OP-USD
gTrade (Gains Network) OP/USD
Variational Omni OP
Orderly PERP_OP_USDC
Kraken Futures PF_OPUSD
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 | −0.089% | $3.5M | $2.8M | 5x | as long as short |
| Aster OPUSDTlong | +0.0100% | 8h | 0.1254 | long leg | $209K | $216K | 10x | |
| Binance OPUSDT | +0.0100% | 8h | 0.1253 | −0.049% | $20.3M | $63.0M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1253 | −0.097% | $18.6M | $25.4M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1254 | −0.017% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1253 | −0.089% | $21.4M | $7.2M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1251 | −0.224% | $2.9M | $6.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1253 | −0.065% | $5.8M | $6.6M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1253 | −0.105% | — | $6.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1253 | −0.041% | $105K | $213K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1271 | +1.340% | $385K | $769K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1255 | +0.102% | $310K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1258 | +0.334% | $43K | $705K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1253 | −0.025% | $200 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1256 | +0.198% | $171K | $234K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1253 | −0.056% | $101K | $505K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1253 | −0.065% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0160% | 1h | 0.1257 | +0.254% | $25K | $57K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1257 | +0.238% | $1.0M | $277K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0442% | 1h | 0.1252 | −0.119% | $696 | — | 20x | as long as short |
Hyperliquid OP
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
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
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Reya OPRUSDPERP