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

OP

all OP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.005%
Price spread now: Aevo against Bitget+0.013%7-day average · you sell dearer than you buy
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
LongBitget OPUSDT0.12640.0100pay 0.0100% / 8h4h 05m$5.8M$6.4M75x
ShortAevo OP-PERP0.12640.0104get 0.0013% / 1h5m 11s$3K$1K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Bitget. 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: +0.013% → 0.000%
$1.34
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$25.82
Costs to cover
0.280%
Break-even
222.1 days
Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago3.94 bp10.3 bp −$1025.1 bp −$251109.7 bp −$11.0Kdoesn'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−0.1607%1h0.1259−0.396%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1264+0.025%$13K100xas long as short
dYdX OP-USD0.0000%1h0.1265+0.061%$39K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1265+0.079%$42K$139K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1265+0.051%150xas long as short
Orderly PERP_OP_USDC+0.0054%8h0.12640.000%$6K$45K10xas long as short
Variational Omni OP+0.0056%8h0.1263−0.077%$223K$48Kas long as short
OKX OP-USDT-SWAP+0.0064%8h0.1263−0.071%$6.2M$28.4M50xas long as short
Lighter OP+0.0096%1h0.1264+0.016%$278K$941K15xas long as short
Hyperliquid OP+0.0100%1h0.1265+0.119%$3.7M$2.8M5xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPUSDT+0.0100%8h0.1265+0.090%$211K$219K10xas long as short
Binance OPUSDT+0.0100%8h0.1264+0.002%$20.4M$60.3M75xas long as short
Bybit OPUSDT+0.0100%8h0.1263−0.055%$18.6M$24.8M75xas long as short
Gate OP_USDT+0.0100%8h0.1265+0.055%$2.0M$1.5M50xas long as short
MEXC OP_USDT+0.0100%8h0.1264−0.032%$21.3M$7.2M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1263−0.079%$2.9M$6.5M75xas long as short
Bitget OPUSDTlong+0.0100%8h0.1264long leg$5.8M$6.4M75x
BingX OP-USDC+0.0100%8h0.12640.000%$1.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1263−0.055%$120K$200K10xas long as short
edgeX OPUSDC+0.0100%4h0.1267+0.214%$4K$388K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1268+0.295%$317K$5.1M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1267+0.237%$43K$710K50xas long as short
SoDEX OP-USD+0.0100%1h0.1264−0.024%$211$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1264+0.032%$174K$226K50xas long as short
Extended OP-USD+0.0104%1h0.1263−0.058%$104K$390K25xas long as short
Aevo OP-PERPshort+0.0104%1h0.1264+0.013%$3K$1K3x
Coinbase International OP-PERP-INTX+0.0168%1h0.1262−0.158%$24K$63K50xas long as short
BloFin OP-USDT+0.0220%8h0.1263−0.071%$1.0M$279K75xas long as short
Kraken Futures PF_OPUSD+0.0348%1h0.1265+0.066%$783K$548K20xas long as short
Reya OPRUSDPERP+0.0441%1h0.1264−0.029%$70320xas long as short