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

OP

all OP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.039%
Price spread now: Aster against MEXC+0.063%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$530.526% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.074%+$7 on $10k
Price spread, last 4 days (all we have)+0.066%+$7 · spread now +0.063%, 7d avg +0.030%
Together, before fees+0.140%+ Points / potential airdropAster: Stage 5 · farm board+$14 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 0.032% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.030%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC OP_USDT0.12790.0100pay 0.0100% / 8h1h 17m$20.2M$7.1M300x
ShortAster OPUSDT0.12800.0100get 0.0100% / 8h1h 17m$214K$241K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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: +0.063% → +0.030%
$3.24
Slippage, 4 orders
−$44.59
Fee MEXC: 0 bp × 2 orders
$0
Fee Aster: 4 bp × 2 orders
−$8
Net
−$49.35
Costs to cover
0.526%
Break-even
never at this rate
Slippage from MEXC: live order book, 1 min ago; Aster: live order book, 65 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 MEXC live order book, 1 min ago0.39 bp2.3 bp −$26.9 bp −$6959.6 bp −$5,958117.2 bp −$58.6K
Sell Aster live order book, 65 min ago9.47 bp18.5 bp −$19doesn't fitdoesn't fitdoesn't fit

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%1h0.1274−0.414%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1279+0.011%$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0360%1h0.1269−0.805%$21K$64K50xas long as short
dYdX OP-USD0.0000%1h0.1280+0.067%$40K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1280+0.055%$42K$171K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1280+0.045%150xas long as short
Variational Omni OP+0.0053%8h0.1278−0.134%$233K$53Kas long as short
Orderly PERP_OP_USDC+0.0059%8h0.1279−0.023%$6K$49K10xas long as short
Lighter OP+0.0096%1h0.1281+0.109%$280K$911K15xas long as short
Hyperliquid OP+0.0100%1h0.1281+0.125%$4.1M$2.9M5xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPUSDTshort+0.0100%8h0.1280+0.063%$214K$241K10x
Binance OPUSDT+0.0100%8h0.1280+0.031%$20.8M$61.8M75xas long as short
Bybit OPUSDT+0.0100%8h0.1279−0.039%$18.8M$25.4M75xas long as short
OKX OP-USDT-SWAP+0.0100%8h0.1280+0.039%$6.0M$30.3M50xas long as short
Gate OP_USDT+0.0100%8h0.1280+0.047%$2.0M$1.5M50xas long as short
MEXC OP_USDTlong+0.0100%8h0.1279long leg$20.2M$7.1M300x
KuCoin OPUSDTM+0.0100%8h0.1279−0.023%$2.9M$7.5M75xas long as short
Bitget OPUSDT+0.0100%8h0.1280+0.055%$6.1M$6.2M75xas long as short
BingX OP-USDC+0.0100%8h0.1279−0.023%$1.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1279+0.008%$125K$192K10xas long as short
edgeX OPUSDC+0.0100%4h0.1278−0.078%$9K$383K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1279−0.026%$320K$5.1M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1278−0.102%$46K$721K50xas long as short
SoDEX OP-USD+0.0100%1h0.1280+0.039%$187$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1281+0.102%$177K$232K50xas long as short
Extended OP-USD+0.0104%1h0.1279−0.019%$102K$186K25xas long as short
Aevo OP-PERP+0.0104%1h0.1280+0.018%$4K3xas long as short
BloFin OP-USDT+0.0220%8h0.1280+0.070%$1.0M$290K75xas long as short
Kraken Futures PF_OPUSD+0.0225%1h0.1281+0.154%$801K$745K20xas long as short
Reya OPRUSDPERP+0.0437%1h0.12790.000%$71120xas long as short