Funding arb · Price arb /

OPN

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Swap Backtest

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 +0.005%

Price spread now: Aster against Bitget+0.055%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.055% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it 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	Bitget OPNUSDT	0.05200	0.0100	pay 0.0050% / 4h	24m 23s	$594K	$177K	20x
Short	Aster OPNUSDT	0.05203	0.0100	get 0.0050% / 4h	24m 23s	$8K	$18K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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

Position, each leg$Hold fordaysFee BitgetbpFee AsterbpOrdersPrice spread, now +0.055%Rate

Funding earned: $0
Price spread: +0.055% → 0.000%: $5.49
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$14.51
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 11 min ago; Aster: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 11 min ago	8.56 bp	34.1 bp −$34	291.7 bp −$2,917	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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.

OPN on 15 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
Aster OPNUSDTshort	+0.0100%	4h	0.05203	+0.055%	$8K	$18K	5x
Binance OPNUSDT	+0.0100%	4h	0.05198	−0.035%	$3.7M	$6.6M	25x	as long as short
Bybit OPNUSDT	+0.0100%	4h	0.05199	−0.019%	$740K	$3.2M	20x	as long as short
OKX OPN-USDT-SWAP	+0.0100%	4h	0.05206	+0.115%	$817K	$3.1M	20x	as long as short
MEXC OPN_USDT	+0.0100%	4h	0.05208	+0.154%	$840K	$324K	50x	as long as short
KuCoin OPNUSDTM	+0.0100%	4h	0.05205	+0.096%	$135K	$65K	25x	as long as short
Bitget OPNUSDTlong	+0.0100%	4h	0.05200	long leg	$594K	$177K	20x
BingX OPN-USDT	+0.0100%	4h	0.05208	+0.154%	—	$1.7M	—	as long as short
Orderly PERP_OPN_USDC_mythos	+0.0100%	4h	0.05190	−0.192%	$3K	$5K	10x	as long as short
SunX OPN-USDT	+0.0100%	4h	0.05310	+2.115%	$1K	$1.5M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin OPN-USDT	+0.0138%	4h	0.05227	+0.519%	$188K	$5K	50x	as long as short
Gate OPN_USDT	+0.0170%	4h	0.05206	+0.115%	$211K	$176K	50x	as long as short
Deribit OPN_USDC-PERPETUAL	+0.1059%	1h	0.05201	+0.019%	—	$203	10x	as long as short
Coinbase International OPN-PERP-INTX	+0.2488%	1h	0.05365	+3.177%	$14K	$6K	50x	as long as short
Kraken Futures PF_OPNUSD	+0.2895%	1h	0.05221	+0.406%	$4K	$6K	20x	as long as short