Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Aster against Backpack+0.064%45s7-day average +0.031% · 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—prices read too far apart to compare
costs, in and out, $10k−$700.696% of the position
Funding, last 7 days−0.140%−$14 on $10k
+Price spread, last 4 days (all we have)+0.238%+$24 · spread now +0.064%, 7d avg +0.031%
=Together, before fees+0.098%+ Points / potential airdropAster: Stage 5 · farm board+$10 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 0.033% dearer against Backpack than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.031%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack OP_USDC_PERP | 0.1264 | 0.0100 | pay 0.0013% / 1h | 58m 24s | $121K | $193K | 10x |
| Short | Aster OPUSDT | 0.1265 | 0.0100 | get 0.0100% / 8h | 4h 58m | $211K | $219K | 10x |
Backpack OP_USDC_PERP
Aster OPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Backpack. 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
- $0
- Price spread: +0.064% → +0.031%
- $3.33
- Slippage, 4 orders
- −$51.63
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$66.31
- Costs to cover
- 0.696%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 65 min ago; Aster: live order book, 63 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 Backpack live order book, 65 min ago | 1.58 bp | 9.3 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 63 min ago | 11.46 bp | 21.5 bp −$21 | doesn't fit | 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 | −0.1607% | 1h | 0.1258 | −0.483% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1263 | −0.072% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1265 | +0.110% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1265 | +0.071% | $42K | $151K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1264 | −0.028% | — | — | 150x | as long as short |
| OKX OP-USDT-SWAP | +0.0032% | 8h | 0.1263 | −0.047% | $6.2M | $28.8M | 50x | as long as short |
| Variational Omni OP | +0.0050% | 8h | 0.1261 | −0.222% | $223K | $49K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0055% | 8h | 0.1264 | −0.008% | $6K | $44K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1266 | +0.158% | $280K | $933K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1265 | +0.040% | $3.7M | $3.0M | 5x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
OKX OP-USDT-SWAP
Variational Omni OP
Orderly PERP_OP_USDC
Lighter OP
Hyperliquid OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDTshort | +0.0100% | 8h | 0.1265 | +0.064% | $211K | $219K | 10x | |
| Binance OPUSDT | +0.0100% | 8h | 0.1265 | +0.064% | $20.4M | $60.9M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1263 | −0.087% | $18.5M | $25.3M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1265 | +0.071% | $2.0M | $1.4M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1264 | −0.016% | $21.0M | $7.0M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1263 | −0.087% | $2.9M | $6.6M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1264 | −0.008% | $5.9M | $6.5M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1264 | −0.008% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERPlong | +0.0100% | 1h | 0.1264 | long leg | $121K | $193K | 10x | |
| edgeX OPUSDC | +0.0100% | 4h | 0.1262 | −0.190% | $4K | $391K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1262 | −0.172% | $311K | $5.0M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1262 | −0.166% | $43K | $707K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1265 | +0.032% | $184 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1264 | +0.016% | $175K | $216K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1264 | −0.019% | $101K | $394K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1264 | −0.021% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0168% | 1h | 0.1278 | +1.100% | $25K | $71K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1265 | +0.071% | $1.0M | $278K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0348% | 1h | 0.1265 | +0.075% | $795K | $576K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0440% | 1h | 0.1263 | −0.093% | $702 | — | 20x | as long as short |
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDC
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
Kraken Futures PF_OPUSD
Reya OPRUSDPERP