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

OP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.007%
Price spread now: Aevo against Hyperliquid−0.152%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 fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.152% cheaper against Hyperliquid than usual: you would sell low and buy high, −$15 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid OP0.12870.0100pay 0.0013% / 1h1m 55s$4.2M$2.9M5x
ShortAevo OP-PERP0.12850.0104get 0.0013% / 1h1m 55s$4K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Hyperliquid. 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: −0.152% → 0.000%
−$15.15
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$39.31
Costs to cover
0.250%
Break-even
334.6 days
Slippage unknown: Hyperliquid: live order book, 10 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 Hyperliquid live order book, 10 min ago1.17 bp12.0 bp −$12doesn't fitdoesn'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−0.1710%1h0.1281−0.474%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1286−0.115%$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0360%1h0.1280−0.552%$21K$64K50xas long as short
dYdX OP-USD0.0000%1h0.1287+0.017%$40K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1286−0.085%$42K$171K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1286−0.073%150xas long as short
Orderly PERP_OP_USDC+0.0064%8h0.1285−0.163%$6K$49K10xas long as short
Variational Omni OP+0.0068%8h0.1283−0.351%$234K$53Kas long as short
Lighter OP+0.0096%1h0.1287−0.016%$291K$927K15xas long as short
Hyperliquid OPlong+0.0100%1h0.1287long leg$4.2M$2.9M5x
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPUSDT+0.0100%8h0.1287−0.012%$215K$241K10xas long as short
Binance OPUSDT+0.0100%8h0.1285−0.163%$20.9M$61.8M75xas long as short
Bybit OPUSDT+0.0100%8h0.1284−0.218%$18.9M$25.5M75xas long as short
OKX OP-USDT-SWAP+0.0100%8h0.1285−0.124%$6.1M$30.5M50xas long as short
Gate OP_USDT+0.0100%8h0.1287−0.008%$2.0M$1.6M50xas long as short
MEXC OP_USDT+0.0100%8h0.1286−0.093%$20.5M$7.2M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1286−0.085%$2.9M$7.4M75xas long as short
Bitget OPUSDT+0.0100%8h0.1286−0.085%$6.1M$6.3M75xas long as short
BingX OP-USDC+0.0100%8h0.1285−0.163%$1.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1285−0.124%$125K$189K10xas long as short
edgeX OPUSDC+0.0100%4h0.1285−0.136%$10K$383K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1285−0.163%$321K$5.1M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1282−0.396%$46K$722K50xas long as short
SoDEX OP-USD+0.0100%1h0.1285−0.124%$172$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1286−0.047%$178K$232K50xas long as short
Extended OP-USD+0.0104%1h0.1286−0.105%$103K$186K25xas long as short
Aevo OP-PERPshort+0.0104%1h0.1285−0.152%$4K3x
BloFin OP-USDT+0.0220%8h0.1286−0.047%$1.0M$290K75xas long as short
Kraken Futures PF_OPUSD+0.0224%1h0.1287−0.016%$804K$745K20xas long as short
Reya OPRUSDPERP+0.0437%1h0.1286−0.123%$71520xas long as short