Funding you earn now, next payment 22:00 UTC−0.0650%/8h= −71.2% APRnext payment −$0.81 per $10,000 · paid last 24h −0.069%
Price spread now: Deribit against Aevo−0.095%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Deribit is 0.095% cheaper against Aevo than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo OP-PERP | 0.1256 | 0.0104 | pay 0.0013% / 1h | 5m 19s | $4K | — | 3x |
| Short | Deribit OP_USDC-PERPETUAL | 0.1255 | −0.0546 | pay 0.0068% / 1h | 5m 19s | $41K | $171K | 25x |
Aevo OP-PERP
Deribit OP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Aevo. 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
- −$136.5
- Price spread: −0.095% → 0.000%
- −$9.47
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$168.97
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; Deribit: live order book, 18 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 Aevo no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 18 min ago | 7.89 bp | 19.3 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1658% | 1h | 0.1254 | −0.174% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1256 | +0.012% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUALshort | −0.0546% | 1h | 0.1255 | −0.095% | $41K | $171K | 25x | |
| Coinbase International OP-PERP-INTX | −0.0328% | 1h | 0.1243 | −1.050% | $21K | $64K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1258 | +0.144% | $39K | $519 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1257 | +0.064% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0036% | 8h | 0.1256 | −0.024% | $231K | $46K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0042% | 8h | 0.1256 | −0.015% | $6K | $50K | 10x | as long as short |
| OKX OP-USDT-SWAP | +0.0090% | 8h | 0.1256 | −0.031% | $5.9M | $29.7M | 50x | as long as short |
| Gate OP_USDT | +0.0095% | 8h | 0.1256 | +0.017% | $1.8M | $1.5M | 50x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
dYdX OP-USD
gTrade (Gains Network) OP/USD
Variational Omni OP
Orderly PERP_OP_USDC
OKX OP-USDT-SWAP
Gate OP_USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter OP | +0.0096% | 1h | 0.1258 | +0.168% | $270K | $908K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1258 | +0.112% | $4.1M | $3.0M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1257 | +0.037% | $211K | $241K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1256 | −0.020% | $20.4M | $62.6M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1255 | −0.111% | $18.3M | $25.4M | 75x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1256 | +0.001% | $19.9M | $7.3M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1256 | −0.015% | $2.9M | $7.6M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1256 | −0.015% | $6.0M | $6.3M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1255 | −0.055% | — | $6.8M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1257 | +0.080% | $124K | $194K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1261 | +0.384% | $11K | $382K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1261 | +0.383% | $312K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1261 | +0.383% | $45K | $721K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1257 | +0.096% | $168 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1260 | +0.279% | $174K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1256 | −0.035% | $101K | $186K | 25x | as long as short |
| Aevo OP-PERPlong | +0.0104% | 1h | 0.1256 | long leg | $4K | — | 3x | |
| Kraken Futures PF_OPUSD | +0.0136% | 1h | 0.1259 | +0.207% | $778K | $732K | 20x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1260 | +0.271% | $1.0M | $281K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0436% | 1h | 0.1256 | −0.034% | $698 | — | 20x | as long as short |
Lighter OP
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Kraken Futures PF_OPUSD
BloFin OP-USDT
Reya OPRUSDPERP