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

OP

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SwapBacktest
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 KuCoin+0.182%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1371.368% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.001%$0 on $10k
Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.182%, 7d avg +0.051%
Together, before fees−0.072%+ Points / potential airdropAster: Stage 5 · farm board−$7 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 0.131% dearer against KuCoin than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.051%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin OPUSDTM0.12590.0100pay 0.0100% / 8h6h 06m$2.9M$6.8M75x
ShortAster OPUSDT0.12610.0100get 0.0100% / 8h6h 06m$211K$229K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster 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
Price spread: +0.182% → +0.051%
$13.11
Slippage, 4 orders
−$116.8
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$123.69
Costs to cover
1.368%
Break-even
never at this rate
Slippage from KuCoin: live order book, 2 min ago; Aster: live order book, 60 min ago.

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, 2 min ago3.97 bp35.7 bp −$3687.5 bp −$875doesn't fitdoesn't fit
Sell Aster live order book, 60 min ago11.80 bp19.8 bp −$20doesn't fitdoesn't fitdoesn't fit

OP on 29 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−0.1535%1h0.1255−0.318%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1261+0.156%$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0184%1h0.1279+1.589%$25K$74K50xas long as short
dYdX OP-USD0.0000%1h0.1262+0.221%$39K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1261+0.159%$42K$151K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1261+0.168%150xas long as short
Orderly PERP_OP_USDC+0.0053%8h0.1260+0.079%$6K$47K10xas long as short
Variational Omni OP+0.0054%8h0.1259+0.034%$223K$50Kas long as short
OKX OP-USDT-SWAP+0.0064%8h0.1259+0.016%$6.1M$29.4M50xas long as short
Lighter OP+0.0096%1h0.1262+0.222%$280K$949K15xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid OP+0.0100%1h0.1260+0.040%$3.7M$3.0M5xas long as short
Aster OPUSDTshort+0.0100%8h0.1261+0.182%$211K$229K10x
Binance OPUSDT+0.0100%8h0.1259+0.024%$20.2M$61.4M75xas long as short
Bybit OPUSDT+0.0100%8h0.1259−0.024%$18.3M$25.7M75xas long as short
Gate OP_USDT+0.0100%8h0.1261+0.135%$1.9M$1.6M50xas long as short
MEXC OP_USDT+0.0100%8h0.1261+0.135%$20.6M$7.5M300xas long as short
KuCoin OPUSDTMlong+0.0100%8h0.1259long leg$2.9M$6.8M75x
Bitget OPUSDT+0.0100%8h0.1260+0.079%$5.9M$6.5M75xas long as short
BingX OP-USDT+0.0100%8h0.1259+0.032%$6.8Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1259+0.024%$121K$201K10xas long as short
edgeX OPUSDC+0.0100%4h0.1257−0.145%$4K$388K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1257−0.197%$309K$5.2M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1257−0.159%$43K$707K50xas long as short
SoDEX OP-USD+0.0100%1h0.1260+0.111%$184$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1261+0.191%$174K$223K50xas long as short
Extended OP-USD+0.0104%1h0.1260+0.087%$101K$392K25xas long as short
Aevo OP-PERP+0.0104%1h0.1261+0.164%$3K$1K3xas long as short
Reya OPRUSDPERP+0.0440%1h0.1260+0.095%$70120xas long as short
Kraken Futures PF_OPUSD+0.0462%1h0.1262+0.224%$797K$587K20xas long as short