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

OP

all OP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.007%
Price spread now: Aevo against HTX−0.032%7-day average · you buy dearer than you sell
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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.032% cheaper against HTX than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX OP-USDT0.12450.0100pay 0.0100% / 8h2h 57m$177K$228K50x
ShortAevo OP-PERP0.12450.0104get 0.0013% / 1h57m 04s$4K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against HTX. 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: −0.032% → 0.000%
−$3.21
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$30.37
Costs to cover
0.280%
Break-even
260.1 days
Slippage unknown: HTX: live order book, 29 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 HTX live order book, 29 min ago13.96 bp26.9 bp −$272881.6 bp −$28.8Kdoesn't fitdoesn'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−0.1658%1h0.1239−0.514%$34K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1066% / S +0.0229%1h0.1246+0.012%$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0328%1h0.1243−0.193%$21K$64K50xas long as short
dYdX OP-USD0.0000%1h0.1245−0.008%$38K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1246+0.048%$43K$194K25xas long as short
Variational Omni OP+0.0001%8h0.1249+0.295%$227K$44Kas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1246+0.022%150xas long as short
Orderly PERP_OP_USDC+0.0026%8h0.1245−0.032%$6K$51K10xas long as short
OKX OP-USDT-SWAP+0.0094%8h0.1248+0.177%$5.8M$29.7M50xas long as short
Lighter OP+0.0096%1h0.1246+0.088%$266K$899K15xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid OP+0.0100%1h0.1248+0.185%$3.9M$3.0M5xas long as short
Aster OPUSDT+0.0100%8h0.1245−0.019%$210K$243K10xas long as short
Binance OPUSDT+0.0100%8h0.1246+0.070%$20.1M$63.3M75xas long as short
Bybit OPUSDT+0.0100%8h0.1246+0.064%$18.4M$25.6M75xas long as short
Gate OP_USDT+0.0100%8h0.1246+0.024%$1.8M$1.4M50xas long as short
MEXC OP_USDT+0.0100%8h0.1245−0.032%$20.0M$7.2M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1246+0.048%$2.9M$7.5M75xas long as short
Bitget OPUSDT+0.0100%8h0.1248+0.209%$5.9M$6.3M75xas long as short
BingX OP-USDT+0.0100%8h0.1245+0.008%$6.9Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1246+0.024%$127K$195K10xas long as short
edgeX OPUSDC+0.0100%4h0.1247+0.104%$9K$379K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1246+0.048%$303K$5.3M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1246+0.048%$45K$719K50xas long as short
SoDEX OP-USD+0.0100%1h0.1245−0.040%$152$6K5xas long as short
HTX OP-USDTlong+0.0100%8h0.1245long leg$177K$228K50x
Extended OP-USD+0.0104%1h0.1247+0.162%$100K$196K25xas long as short
Aevo OP-PERPshort+0.0104%1h0.1245−0.032%$4K3x
Kraken Futures PF_OPUSD+0.0138%1h0.1246+0.062%$770K$744K20xas long as short
BloFin OP-USDT+0.0220%8h0.1245+0.008%$997K$294K75xas long as short
Reya OPRUSDPERP+0.0436%1h0.1245−0.025%$69220xas long as short