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

OP

all OP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Aster against BingX−0.038%7-day average +0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$690.690% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.046%+$5 · spread now −0.038%, 7d avg +0.059%
Together, before fees+0.046%+ Points / potential airdropAster: Stage 5 · farm board+$5 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 0.097% cheaper against BingX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.059%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX OP-USDT0.12800.0100pay 0.0100% / 8h5h 22m$6.3M
ShortAster OPUSDT0.12790.0100get 0.0100% / 8h5h 22m$214K$229K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster 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
Price spread: −0.038% → +0.059%
−$9.7
Slippage, 4 orders
−$50.95
Fee BingX: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$78.66
Costs to cover
0.690%
Break-even
never at this rate
Slippage from BingX: live order book, 3 min ago; Aster: live order book, 39 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 BingX live order book, 3 min ago0.39 bp10.1 bp −$1014.9 bp −$14983.7 bp −$8,370351.4 bp −$175.7K
Sell Aster live order book, 39 min ago11.46 bp21.5 bp −$21doesn't fitdoesn'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−0.1488%1h0.1260−1.547%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1278−0.134%$13K100xas long as short
dYdX OP-USD0.0000%1h0.1280+0.011%$40K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1278−0.141%$42K$151K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1278−0.167%150xas long as short
OKX OP-USDT-SWAP+0.0030%8h0.1280+0.008%$6.2M$29.3M50xas long as short
Variational Omni OP+0.0043%8h0.1267−1.009%$224K$50Kas long as short
Orderly PERP_OP_USDC+0.0053%8h0.1277−0.219%$6K$45K10xas long as short
Lighter OP+0.0096%1h0.12800.000%$283K$936K15xas long as short
Hyperliquid OP+0.0100%1h0.1280+0.008%$3.7M$2.9M5xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPUSDTshort+0.0100%8h0.1279−0.038%$214K$229K10x
Binance OPUSDT+0.0100%8h0.1280+0.012%$20.7M$60.4M75xas long as short
Bybit OPUSDT+0.0100%8h0.1279−0.055%$18.7M$25.3M75xas long as short
Gate OP_USDT+0.0100%8h0.1281+0.094%$2.0M$1.6M50xas long as short
MEXC OP_USDT+0.0100%8h0.1280+0.016%$21.0M$7.0M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1278−0.141%$2.9M$6.7M75xas long as short
Bitget OPUSDT+0.0100%8h0.1280+0.016%$6.0M$6.5M75xas long as short
BingX OP-USDTlong+0.0100%8h0.1280long leg$6.3M
Backpack OP_USDC_PERP+0.0100%1h0.1277−0.227%$122K$194K10xas long as short
edgeX OPUSDC+0.0100%4h0.1271−0.717%$4K$387K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1267−1.000%$312K$5.1M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1273−0.531%$44K$706K50xas long as short
SoDEX OP-USD+0.0100%1h0.1277−0.195%$186$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1278−0.164%$176K$216K50xas long as short
Extended OP-USD+0.0104%1h0.1279−0.052%$107K$394K25xas long as short
Aevo OP-PERP+0.0104%1h0.1278−0.178%$4K$1K3xas long as short
Coinbase International OP-PERP-INTX+0.0152%1h0.1265−1.156%$24K$70K50xas long as short
BloFin OP-USDT+0.0220%8h0.1277−0.234%$1.0M$274K75xas long as short
Reya OPRUSDPERP+0.0440%1h0.1277−0.205%$71020xas long as short
Kraken Futures PF_OPUSD+0.0485%1h0.1279−0.041%$808K$576K20xas long as short