Funding you earn now, next payment 21:00 UTC+0.0432%/8h= +47.3% APRnext payment +$0.54 per $10,000 · paid last 24h +0.136%
Price spread now: Aevo against Coinbase International+0.150%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Aevo is 0.150% dearer against Coinbase International than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International OP-PERP-INTX | 0.1243 | −0.0328 | get 0.0041% / 1h | 51m 22s | $21K | $64K | 50x |
| Short | Aevo OP-PERP | 0.1245 | 0.0104 | get 0.0013% / 1h | 51m 22s | $4K | — | 3x |
Coinbase International OP-PERP-INTX
Aevo OP-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Coinbase International. 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
- $90.72
- Price spread: +0.150% → 0.000%
- $15.04
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- $79.76
- Costs to cover
- 0.260%
- Break-even
- 0.8 days
Slippage unknown: Coinbase International: no order-book sample; 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Coinbase International no order-book sample | — | — | — | — | — |
| Sell Aevo no order-book sample | — | — | — | — | — |
Coinbase International and 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1658% | 1h | 0.1240 | −0.241% | $34K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1066% / S +0.0229% | 1h | 0.1244 | +0.057% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTXlong | −0.0328% | 1h | 0.1243 | long leg | $21K | $64K | 50x | |
| Variational Omni OP | −0.0002% | 8h | 0.1247 | +0.333% | $227K | $44K | — | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1244 | +0.088% | $38K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1245 | +0.161% | $41K | $164K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1245 | +0.154% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0027% | 8h | 0.1244 | +0.080% | $6K | $51K | 10x | as long as short |
| OKX OP-USDT-SWAP | +0.0095% | 8h | 0.1244 | +0.080% | $5.7M | $29.3M | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1245 | +0.145% | $266K | $899K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Variational Omni OP
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Orderly PERP_OP_USDC
OKX OP-USDT-SWAP
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate OP_USDT | +0.0099% | 8h | 0.1244 | +0.088% | $1.8M | $1.4M | 50x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1245 | +0.193% | $3.9M | $2.9M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1244 | +0.070% | $209K | $243K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1244 | +0.062% | $20.1M | $62.7M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1243 | +0.024% | $18.3M | $25.3M | 75x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1243 | +0.016% | $19.9M | $7.2M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1243 | 0.000% | $2.9M | $7.5M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1245 | +0.161% | $5.9M | $6.2M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1244 | +0.040% | — | $6.9M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1246 | +0.225% | $127K | $189K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1247 | +0.323% | $9K | $380K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1250 | +0.577% | $304K | $5.3M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1248 | +0.402% | $45K | $720K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1244 | +0.040% | $160 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1245 | +0.145% | $172K | $234K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1244 | +0.060% | $100K | $186K | 25x | as long as short |
| Aevo OP-PERPshort | +0.0104% | 1h | 0.1245 | +0.150% | $4K | — | 3x | |
| Kraken Futures PF_OPUSD | +0.0138% | 1h | 0.1245 | +0.165% | $769K | $742K | 20x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1244 | +0.080% | $988K | $294K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0436% | 1h | 0.1244 | +0.060% | $692 | — | 20x | as long as short |
Gate OP_USDT
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Kraken Futures PF_OPUSD
BloFin OP-USDT
Reya OPRUSDPERP