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

OP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.1170%/8h= +128.2% APRnext payment +$1.46 per $10,000 · paid last 24h +0.336%
Price spread now: Aevo against GMX+0.072%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$35 a day on $10k at the current rate, and Aevo is 0.072% dearer against GMX than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX OP/USD [OP-USDC]0.1254L −0.1066% / S +0.0229%get 0.0133% / 1h34m 45s$13K100x
ShortAevo OP-PERP0.12550.0104get 0.0013% / 1h34m 45s$4K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against GMX. 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
$245.8
Price spread: +0.072% → 0.000%
$7.17
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Aevo: 8 bp × 2 orders
−$16
Net
$224.98
Costs to cover
0.280%
Break-even
0.6 days
Slippage unknown: GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell Aevo no order-book sample
GMX 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective OP/USDC PERP−0.1658%1h0.1246−0.668%$34K$58K12xas long as short
GMX OP/USD [OP-USDC]longL −0.1066% / S +0.0229%1h0.1254long leg$13K100x
Coinbase International OP-PERP-INTX−0.0328%1h0.1243−0.907%$21K$64K50xas long as short
dYdX OP-USD0.0000%1h0.1254−0.041%$39K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1255+0.049%$41K$172K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1255+0.022%150xas long as short
Variational Omni OP+0.0020%8h0.1252−0.189%$229K$45Kas long as short
Orderly PERP_OP_USDC+0.0031%8h0.1254−0.030%$6K$51K10xas long as short
OKX OP-USDT-SWAP+0.0096%8h0.1254−0.054%$5.8M$29.5M50xas long as short
Lighter OP+0.0096%1h0.1255+0.073%$271K$905K15xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid OP+0.0100%1h0.1255+0.065%$3.9M$2.9M5xas long as short
Aster OPUSDT+0.0100%8h0.1255+0.030%$211K$241K10xas long as short
Binance OPUSDT+0.0100%8h0.1254−0.010%$20.3M$62.6M75xas long as short
Bybit OPUSDT+0.0100%8h0.1254−0.062%$18.5M$25.3M75xas long as short
Gate OP_USDT+0.0100%8h0.1254−0.014%$1.8M$1.5M50xas long as short
MEXC OP_USDT+0.0100%8h0.1254−0.006%$20.1M$7.2M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1254−0.030%$2.9M$7.5M75xas long as short
Bitget OPUSDT+0.0100%8h0.1255+0.049%$6.0M$6.2M75xas long as short
BingX OP-USDC+0.0100%8h0.1255+0.049%$1.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1254−0.022%$127K$188K10xas long as short
edgeX OPUSDC+0.0100%4h0.1252−0.189%$9K$378K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1253−0.079%$310K$5.1M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1254−0.030%$45K$719K50xas long as short
SoDEX OP-USD+0.0100%1h0.1254−0.006%$174$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1255+0.041%$174K$234K50xas long as short
Extended OP-USD+0.0104%1h0.1254−0.034%$100K$186K25xas long as short
Aevo OP-PERPshort+0.0104%1h0.1255+0.072%$4K3x
Kraken Futures PF_OPUSD+0.0137%1h0.1255+0.067%$776K$733K20xas long as short
BloFin OP-USDT+0.0220%8h0.1255+0.049%$998K$280K75xas long as short
Reya OPRUSDPERP+0.0436%1h0.1255+0.013%$69820xas long as short