Funding you earn now, next payment 08:00 UTC+0.0045%/8h= +4.9% APRnext payment +$0.45 per $10,000 · paid last 24h +0.032%
Price spread now: Aster against Orderly+0.052%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.128%+$13 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.052% dearer against Orderly than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_OP_USDC | 0.1267 | 0.0055 | pay 0.0055% / 8h | 4h 54m | $6K | $44K | 10x |
| Short | Aster OPUSDT | 0.1268 | 0.0100 | get 0.0100% / 8h | 4h 54m | $212K | $219K | 10x |
Orderly PERP_OP_USDC
Aster OPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Orderly. 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
- $9.42
- Price spread: +0.052% → 0.000%
- $5.23
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $0.65
- Costs to cover
- 0.140%
- Break-even
- 6.5 days
Slippage unknown: Orderly: no order-book sample; Aster: live order book, 2 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Aster live order book, 2 min ago | 7.47 bp | 17.5 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
Orderly: 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 | −0.1607% | 1h | 0.1261 | −0.474% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1267 | +0.031% | $13K | — | 100x | as long as short |
| ApeX Omni OPUSDT | −0.0292% | 1h | 0.1261 | −0.474% | $43K | $708K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1269 | +0.157% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1267 | 0.000% | $42K | $151K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1268 | +0.051% | — | — | 150x | as long as short |
| OKX OP-USDT-SWAP | +0.0031% | 8h | 0.1267 | +0.024% | $6.2M | $28.9M | 50x | as long as short |
| Variational Omni OP | +0.0054% | 8h | 0.1269 | +0.161% | $224K | $49K | — | as long as short |
| Orderly PERP_OP_USDClong | +0.0055% | 8h | 0.1267 | long leg | $6K | $44K | 10x | |
| Lighter OP | +0.0096% | 1h | 0.1268 | +0.087% | $280K | $934K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
ApeX Omni OPUSDT
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
OKX OP-USDT-SWAP
Variational Omni OP
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1268 | +0.103% | $3.7M | $3.0M | 5x | as long as short |
| Aster OPUSDTshort | +0.0100% | 8h | 0.1268 | +0.052% | $212K | $219K | 10x | |
| Binance OPUSDT | +0.0100% | 8h | 0.1267 | +0.016% | $20.5M | $60.8M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1267 | −0.039% | $18.5M | $25.2M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1268 | +0.079% | $2.0M | $1.4M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1267 | +0.024% | $21.0M | $7.0M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1266 | −0.079% | $2.9M | $6.6M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1267 | 0.000% | $5.9M | $6.5M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1268 | +0.079% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1267 | −0.024% | $121K | $194K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1261 | −0.493% | $4K | $387K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1265 | −0.158% | $310K | $5.0M | 10x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1267 | +0.016% | $190 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1267 | +0.008% | $174K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1267 | −0.025% | $101K | $394K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1268 | +0.039% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0168% | 1h | 0.1278 | +0.868% | $25K | $71K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1267 | −0.032% | $1.0M | $279K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0347% | 1h | 0.1268 | +0.050% | $796K | $574K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0441% | 1h | 0.1266 | −0.040% | $704 | — | 20x | as long as short |
Hyperliquid OP
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
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP