Funding you earn now, next payment 03:00 UTC−0.0387%/8h= −42.4% APRnext payment −$0.48 per $10,000 · paid last 24h −0.089%
Price spread now: Aevo against Kraken Futures−0.073%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$12 a day on $10k at the current rate, and Aevo is 0.073% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_OPUSD | 0.1262 | 0.0491 | pay 0.0061% / 1h | 38m 57s | $797K | $580K | 20x |
| Short | Aevo OP-PERP | 0.1261 | 0.0104 | get 0.0013% / 1h | 38m 57s | $3K | $1K | 3x |
Kraken Futures PF_OPUSD
Aevo OP-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Kraken Futures. 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
- −$81.36
- Price spread: −0.073% → 0.000%
- −$7.25
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$114.61
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 24 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kraken Futures live order book, 24 min ago | 18.57 bp | 31.0 bp −$31 | 176.0 bp −$1,760 | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1488% | 1h | 0.1257 | −0.428% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1261 | −0.086% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1263 | +0.027% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1261 | −0.111% | $42K | $151K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1262 | −0.042% | — | — | 150x | as long as short |
| OKX OP-USDT-SWAP | +0.0030% | 8h | 0.1263 | +0.087% | $6.1M | $29.0M | 50x | as long as short |
| Variational Omni OP | +0.0047% | 8h | 0.1263 | +0.024% | $223K | $50K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0054% | 8h | 0.1261 | −0.111% | $6K | $45K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1263 | +0.039% | $280K | $934K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1263 | +0.039% | $3.7M | $3.0M | 5x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
OKX OP-USDT-SWAP
Variational Omni OP
Orderly PERP_OP_USDC
Lighter OP
Hyperliquid OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.0100% | 8h | 0.1263 | +0.012% | $211K | $229K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1263 | +0.019% | $20.4M | $60.6M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1262 | −0.016% | $18.4M | $25.3M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1263 | +0.023% | $1.9M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1262 | −0.032% | $20.6M | $6.9M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1261 | −0.111% | $2.9M | $6.7M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1261 | −0.111% | $5.9M | $6.5M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1263 | +0.047% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1261 | −0.103% | $120K | $195K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1263 | +0.066% | $4K | $389K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1267 | +0.376% | $312K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1264 | +0.126% | $43K | $707K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1261 | −0.111% | $179 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1263 | +0.039% | $174K | $216K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1261 | −0.117% | $101K | $389K | 25x | as long as short |
| Aevo OP-PERPshort | +0.0104% | 1h | 0.1261 | −0.073% | $3K | $1K | 3x | |
| Coinbase International OP-PERP-INTX | +0.0152% | 1h | 0.1265 | +0.206% | $24K | $70K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1262 | −0.048% | $1.0M | $271K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0440% | 1h | 0.1261 | −0.082% | $701 | — | 20x | as long as short |
| Kraken Futures PF_OPUSDlong | +0.0491% | 1h | 0.1262 | long leg | $797K | $580K | 20x |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Reya OPRUSDPERP