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

OP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.006%
Price spread now: Aevo against BingX−0.012%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX OP-USDC0.12790.0100pay 0.0100% / 8h33m 45s$1.6M
ShortAevo OP-PERP0.12790.0104get 0.0013% / 1h33m 45s$4K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against BingX. 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
$0.84
Price spread: −0.012% → 0.000%
−$1.17
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$26.33
Costs to cover
0.260%
Break-even
226.4 days
Slippage unknown: BingX: live order book, 12 min ago; Aevo: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 12 min ago7.80 bp103.2 bp −$103847.4 bp −$8,4741140.8 bp −$114.1Kdoesn't fit
Sell Aevo no order-book sample
Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.1633%1h0.1273−0.469%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1279+0.004%$13K100xas long as short
Deribit OP_USDC-PERPETUAL−0.0532%1h0.1278−0.078%$42K$171K25xas long as short
Coinbase International OP-PERP-INTX−0.0344%1h0.1276−0.235%$21K$65K50xas long as short
dYdX OP-USD0.0000%1h0.1281+0.141%$40K$51910xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1279+0.017%150xas long as short
Orderly PERP_OP_USDC+0.0064%8h0.12790.000%$6K$50K10xas long as short
Variational Omni OP+0.0072%8h0.1276−0.211%$234K$54Kas long as short
Lighter OP+0.0096%1h0.1280+0.102%$291K$922K15xas long as short
Hyperliquid OP+0.0100%1h0.1280+0.063%$4.1M$2.9M5xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPUSDT+0.0100%8h0.1279+0.017%$214K$241K10xas long as short
Binance OPUSDT+0.0100%8h0.1279−0.013%$20.7M$61.8M75xas long as short
Bybit OPUSDT+0.0100%8h0.1278−0.078%$18.5M$25.8M75xas long as short
OKX OP-USDT-SWAP+0.0100%8h0.1278−0.063%$6.1M$30.5M50xas long as short
Gate OP_USDT+0.0100%8h0.1280+0.039%$2.0M$1.5M50xas long as short
MEXC OP_USDT+0.0100%8h0.1279−0.008%$20.2M$7.3M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1278−0.078%$2.9M$7.4M75xas long as short
Bitget OPUSDT+0.0100%8h0.12790.000%$6.1M$6.3M75xas long as short
BingX OP-USDClong+0.0100%8h0.1279long leg$1.6M
Backpack OP_USDC_PERP+0.0100%1h0.1279−0.031%$124K$189K10xas long as short
edgeX OPUSDC+0.0100%4h0.1279−0.032%$9K$383K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1278−0.078%$319K$5.0M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1280+0.078%$46K$721K50xas long as short
SoDEX OP-USD+0.0100%1h0.1279−0.016%$200$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1280+0.086%$177K$235K50xas long as short
Extended OP-USD+0.0104%1h0.1279−0.010%$102K$186K25xas long as short
Aevo OP-PERPshort+0.0104%1h0.1279−0.012%$4K3x
BloFin OP-USDT+0.0220%8h0.1280+0.094%$1.0M$291K75xas long as short
Kraken Futures PF_OPUSD+0.0357%1h0.1280+0.091%$801K$746K20xas long as short
Reya OPRUSDPERP+0.0437%1h0.1278−0.072%$71120xas long as short