Funding you earn now, next payment 08:00 UTC+0.0170%/8h= +18.6% APRnext payment +$1.70 per $10,000 · paid last 24h +0.008%
Price spread now: Aster against Bybit+0.260%7-day average +0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$750.755% of the position
Funding, last 7 days+0.050%+$5 on $10k
+Price spread, last 4 days (all we have)−0.271%−$27 · spread now +0.260%, 7d avg +0.086%
=Together, before fees−0.221%+ Points / potential airdropAster: Stage 5 · farm board−$22 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Aster is 0.174% dearer against Bybit than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.086%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit OPUSDT | 0.1265 | −0.0070 | get 0.0070% / 8h | 7h 44m | $18.4M | $26.0M | 75x |
| Short | Aster OPUSDT | 0.1268 | 0.0100 | get 0.0100% / 8h | 7h 44m | $212K | $236K | 10x |
Bybit OPUSDT
Aster OPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Bybit. 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
- $35.6
- Price spread: +0.260% → +0.086%
- $17.39
- Slippage, 4 orders
- −$56.5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$22.51
- Costs to cover
- 0.755%
- Break-even
- 11.4 days
Slippage from Bybit: live order book, 4 min ago; Aster: live order book, 27 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 Bybit live order book, 4 min ago | 0.79 bp | 11.2 bp −$11 | 26.8 bp −$268 | 83.5 bp −$8,351 | doesn't fit |
| Sell Aster live order book, 27 min ago | 11.80 bp | 19.1 bp −$19 | 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 | −0.1656% | 1h | 0.1263 | −0.166% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1266 | +0.092% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0539% | 1h | 0.1267 | +0.150% | $42K | $171K | 25x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0352% | 1h | 0.1262 | −0.245% | $21K | $64K | 50x | as long as short |
| Bybit OPUSDTlong | −0.0070% | 8h | 0.1265 | long leg | $18.4M | $26.0M | 75x | |
| dYdX OP-USD | 0.0000% | 1h | 0.1269 | +0.292% | $39K | $519 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1267 | +0.124% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0052% | 8h | 0.1266 | +0.075% | $231K | $47K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0058% | 8h | 0.1267 | +0.150% | $6K | $49K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1269 | +0.300% | $284K | $946K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
Coinbase International OP-PERP-INTX
dYdX OP-USD
gTrade (Gains Network) OP/USD
Variational Omni OP
Orderly PERP_OP_USDC
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1267 | +0.174% | $4.1M | $2.9M | 5x | as long as short |
| Aster OPUSDTshort | +0.0100% | 8h | 0.1268 | +0.260% | $212K | $236K | 10x | |
| Binance OPUSDT | +0.0100% | 8h | 0.1266 | +0.097% | $20.5M | $62.1M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1266 | +0.040% | $6.0M | $29.9M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1268 | +0.237% | $1.9M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1266 | +0.087% | $20.2M | $7.3M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1267 | +0.150% | $2.9M | $7.2M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1268 | +0.229% | $6.0M | $6.4M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1267 | +0.150% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1268 | +0.229% | $122K | $189K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1267 | +0.141% | $10K | $384K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1268 | +0.220% | $308K | $4.9M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1267 | +0.150% | $43K | $722K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1268 | +0.190% | $186 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1268 | +0.213% | $175K | $235K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1267 | +0.125% | $107K | $279K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1267 | +0.152% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1268 | +0.221% | $1.0M | $282K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0383% | 1h | 0.1269 | +0.270% | $800K | $754K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0438% | 1h | 0.1265 | +0.020% | $704 | — | 20x | as long as short |
Hyperliquid OP
Binance OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDC
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
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP