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

OP

all OP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h −0.005%
Price spread now: Aevo against Lighter−0.002%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 airdropLighter: Season 3 · farm boardneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter OP0.12550.0096pay 0.0012% / 1h35m 04s$271K$905K15x
ShortAevo OP-PERP0.12550.0104get 0.0013% / 1h35m 04s$4K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Lighter. 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
$1.68
Price spread: −0.002% → 0.000%
−$0.16
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$14.48
Costs to cover
0.160%
Break-even
67.3 days
Slippage unknown: Lighter: live order book, 50 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 Lighter live order book, 50 min ago5.20 bp17.9 bp −$1846.4 bp −$464doesn'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−0.1658%1h0.1246−0.741%$34K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1066% / S +0.0229%1h0.1254−0.073%$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0328%1h0.1243−0.980%$21K$64K50xas long as short
dYdX OP-USD0.0000%1h0.1254−0.115%$39K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1255−0.024%$41K$172K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1255−0.051%150xas long as short
Variational Omni OP+0.0020%8h0.1252−0.262%$229K$45Kas long as short
Orderly PERP_OP_USDC+0.0031%8h0.1254−0.104%$6K$51K10xas long as short
OKX OP-USDT-SWAP+0.0096%8h0.1254−0.096%$5.8M$29.5M50xas long as short
Lighter OPlong+0.0096%1h0.1255long leg$271K$905K15x
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid OP+0.0100%1h0.1256+0.040%$3.9M$2.9M5xas long as short
Aster OPUSDT+0.0100%8h0.1255+0.001%$211K$241K10xas long as short
Binance OPUSDT+0.0100%8h0.1254−0.104%$20.3M$62.6M75xas long as short
Bybit OPUSDT+0.0100%8h0.1254−0.127%$18.5M$25.3M75xas long as short
Gate OP_USDT+0.0100%8h0.1254−0.088%$1.8M$1.5M50xas long as short
MEXC OP_USDT+0.0100%8h0.1254−0.072%$20.1M$7.2M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1254−0.104%$2.9M$7.5M75xas long as short
Bitget OPUSDT+0.0100%8h0.1255−0.024%$6.0M$6.2M75xas long as short
BingX OP-USDT+0.0100%8h0.1254−0.112%$6.9Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1254−0.096%$127K$188K10xas long as short
edgeX OPUSDC+0.0100%4h0.1252−0.262%$9K$378K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1253−0.152%$310K$5.1M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1254−0.104%$45K$719K50xas long as short
SoDEX OP-USD+0.0100%1h0.1254−0.080%$174$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1255−0.032%$174K$234K50xas long as short
Extended OP-USD+0.0104%1h0.1254−0.107%$100K$186K25xas long as short
Aevo OP-PERPshort+0.0104%1h0.1255−0.002%$4K3x
Kraken Futures PF_OPUSD+0.0137%1h0.1255−0.006%$776K$733K20xas long as short
BloFin OP-USDT+0.0220%8h0.1255−0.024%$998K$280K75xas long as short
Reya OPRUSDPERP+0.0436%1h0.1255−0.060%$69820xas long as short