OP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0048%/8h= −5.2% APRnext payment −$0.06 per $10,000 · paid last 24h +0.076%

Price spread now: Kraken Futures against Aevo+0.046%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Kraken Futures

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Kraken Futures is 0.046% dearer against Aevo than usual: you sell high and buy low (spread +0.046% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo OP-PERP	0.1275	0.0104	pay 0.0013% / 1h	48m 00s	$3K	$1K	3x
Short	Kraken Futures PF_OPUSD	0.1275	0.0056	get 0.0007% / 1h	48m 00s	$785K	$552K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aevo. 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 AevobpFee Kraken FuturesbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$10
Price spread: +0.046% → 0.000%: $4.58
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$31.42
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Kraken Futures: live order book, 5 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 Kraken Futures live order book, 5 min ago	6.27 bp	25.2 bp −$25	74.8 bp −$748	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	−0.1568%	1h	0.1267	−0.610%	$35K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1065% / S +0.0229%	1h	0.1274	−0.039%	$13K	—	100x	as long as short
dYdX OP-USD	0.0000%	1h	0.1275	0.000%	$39K	$519	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1275	+0.017%	$42K	$138K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1275	0.000%	—	—	150x	as long as short
Coinbase International OP-PERP-INTX	+0.0032%	1h	0.1281	+0.488%	$25K	$64K	50x	as long as short
Orderly PERP_OP_USDC	+0.0054%	8h	0.1274	−0.061%	$6K	$46K	10x	as long as short
Kraken Futures PF_OPUSDshort	+0.0056%	1h	0.1275	+0.046%	$785K	$552K	20x
Variational Omni OP	+0.0060%	8h	0.1279	+0.325%	$226K	$48K	—	as long as short
OKX OP-USDT-SWAP	+0.0075%	8h	0.1275	+0.002%	$6.3M	$28.8M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter OP	+0.0096%	1h	0.1276	+0.064%	$280K	$942K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1276	+0.119%	$3.7M	$2.8M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1275	+0.011%	$213K	$216K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1275	−0.006%	$20.8M	$60.8M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1274	−0.077%	$18.7M	$24.9M	75x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1275	+0.017%	$2.0M	$1.4M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1275	−0.014%	$21.5M	$7.2M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1274	−0.061%	$2.9M	$6.4M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1274	−0.061%	$5.9M	$6.5M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1275	−0.006%	—	$6.3M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1275	−0.022%	$121K	$206K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1273	−0.112%	$4K	$388K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1276	+0.114%	$319K	$5.1M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1274	−0.061%	$44K	$711K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1275	+0.002%	$195	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1275	+0.049%	$173K	$232K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1274	−0.047%	$102K	$393K	25x	as long as short
Aevo OP-PERPlong	+0.0104%	1h	0.1275	long leg	$3K	$1K	3x
BloFin OP-USDT	+0.0220%	8h	0.1270	−0.336%	$1.0M	$280K	75x	as long as short
Reya OPRUSDPERP	+0.0441%	1h	0.1274	−0.029%	$709	—	20x	as long as short