Funding arb · Price arb /

OP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against HTX−0.040%53s7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1091.091% of the position

Long on HTX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.093%−$9 · spread now −0.040%, 7d avg +0.012%

Together, before fees−0.093%+ Points / potential airdropAster: Stage 5 · farm board−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.051% cheaper against HTX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.012%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX OP-USDT	0.1262	0.0100	pay 0.0100% / 8h	6h 11m	$174K	$223K	50x
Short	Aster OPUSDT	0.1262	0.0100	get 0.0100% / 8h	6h 11m	$211K	$229K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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

Position, each leg$Hold fordaysFee HTXbpFee AsterbpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → +0.012%: −$5.12
Slippage, 4 orders: −$89.14
Fee HTX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$114.26
Costs to cover: 1.091%
Break-even: never at this rate

Slippage from HTX: live order book, 55 min ago; Aster: live order book, 55 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 HTX live order book, 55 min ago	8.26 bp	20.8 bp −$21	2757.4 bp −$27.6K	doesn't fit	doesn't fit
Sell Aster live order book, 55 min ago	11.80 bp	19.8 bp −$20	doesn't fit	doesn't fit	doesn't fit

OP on 29 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	−0.1535%	1h	0.1255	−0.586%	$35K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1065% / S +0.0229%	1h	0.1262	−0.013%	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0184%	1h	0.1279	+1.315%	$25K	$75K	50x	as long as short
dYdX OP-USD	0.0000%	1h	0.1263	+0.028%	$39K	$519	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1262	−0.032%	$42K	$151K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1263	+0.021%	—	—	150x	as long as short
Orderly PERP_OP_USDC	+0.0054%	8h	0.1262	−0.032%	$6K	$47K	10x	as long as short
Variational Omni OP	+0.0054%	8h	0.1259	−0.276%	$224K	$49K	—	as long as short
OKX OP-USDT-SWAP	+0.0070%	8h	0.1262	−0.008%	$6.1M	$29.7M	50x	as long as short
Lighter OP	+0.0096%	1h	0.1263	+0.040%	$280K	$949K	15x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid OP	+0.0100%	1h	0.1262	−0.008%	$3.7M	$3.0M	5x	as long as short
Aster OPUSDTshort	+0.0100%	8h	0.1262	−0.040%	$211K	$229K	10x
Binance OPUSDT	+0.0100%	8h	0.1262	−0.040%	$20.3M	$61.9M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1262	−0.008%	$18.3M	$25.9M	75x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1263	+0.024%	$1.9M	$1.6M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1262	−0.024%	$20.7M	$7.5M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1261	−0.111%	$2.9M	$6.9M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1262	−0.032%	$5.9M	$6.6M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1262	−0.055%	—	$6.9M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1262	−0.048%	$124K	$202K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1260	−0.165%	$4K	$390K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1260	−0.191%	$310K	$5.2M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1260	−0.190%	$43K	$706K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1262	−0.032%	$176	$6K	5x	as long as short
HTX OP-USDTlong	+0.0100%	8h	0.1262	long leg	$174K	$223K	50x
Extended OP-USD	+0.0104%	1h	0.1261	−0.144%	$104K	$393K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1263	+0.048%	$3K	$1K	3x	as long as short
Reya OPRUSDPERP	+0.0439%	1h	0.1261	−0.091%	$701	—	20x	as long as short
Kraken Futures PF_OPUSD	+0.0462%	1h	0.1263	+0.052%	$798K	$588K	20x	as long as short