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

OP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.004%
Price spread now: Aevo against KuCoin0.000%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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin OPUSDTM0.12530.0100pay 0.0100% / 8h2h 17m$2.9M$6.4M75x
ShortAevo OP-PERP0.12530.0104get 0.0013% / 1h17m 19s$3K$1K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against KuCoin. 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: 0.000% → 0.000%
$0
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$27.16
Costs to cover
0.280%
Break-even
233.3 days
Slippage unknown: KuCoin: live order book, 1 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 KuCoin live order book, 1 min ago3.99 bp36.9 bp −$37105.7 bp −$1,057doesn'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−0.1583%1h0.1248−0.399%$34K$59K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1254+0.069%$13K100xas long as short
Deribit OP_USDC-PERPETUAL−0.0547%1h0.12530.000%$30K$151K25xas long as short
dYdX OP-USD0.0000%1h0.1255+0.143%$39K$53210xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1254+0.088%150xas long as short
Orderly PERP_OP_USDC+0.0006%8h0.12530.000%$59K$142K10xas long as short
Variational Omni OP+0.0015%8h0.1247−0.460%$221K$45Kas long as short
Bybit OPUSDT+0.0074%8h0.1253+0.008%$18.4M$25.6M75xas long as short
Kraken Futures PF_OPUSD+0.0074%1h0.1255+0.198%$755K$629K20xas long as short
Lighter OP+0.0096%1h0.1254+0.096%$287K$1.0M15xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid OP+0.0100%1h0.1254+0.096%$3.4M$3.0M5xas long as short
Aster OPUSDT+0.0100%8h0.1255+0.155%$205K$210K10xas long as short
Binance OPUSDT+0.0100%8h0.1253+0.011%$19.7M$64.1M75xas long as short
OKX OP-USDT-SWAP+0.0100%8h0.1253+0.016%$6.2M$28.9M50xas long as short
Gate OP_USDT+0.0100%8h0.1254+0.104%$2.0M$1.5M50xas long as short
MEXC OP_USDT+0.0100%8h0.1254+0.056%$22.9M$7.7M300xas long as short
KuCoin OPUSDTMlong+0.0100%8h0.1253long leg$2.9M$6.4M75x
Bitget OPUSDT+0.0100%8h0.12530.000%$5.8M$6.6M75xas long as short
BingX OP-USDT+0.0100%8h0.1254+0.088%$6.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1253+0.024%$105K$215K10xas long as short
edgeX OPUSDC+0.0100%4h0.1249−0.337%$378K$768K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1254+0.080%$309K$5.4M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.12530.000%$43K$706K50xas long as short
SoDEX OP-USD+0.0100%1h0.1254+0.112%$202$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1255+0.152%$174K$244K50xas long as short
Extended OP-USD+0.0104%1h0.1252−0.042%$101K$506K25xas long as short
Aevo OP-PERPshort+0.0104%1h0.12530.000%$3K$1K3x
Coinbase International OP-PERP-INTX+0.0160%1h0.1243−0.798%$26K$59K50xas long as short
BloFin OP-USDT+0.0220%8h0.1253+0.016%$989K$276K75xas long as short
Reya OPRUSDPERP+0.0443%1h0.1253−0.001%$69720xas long as short