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

OP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.019%
Price spread now: MEXC against Aevo−0.006%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo OP-PERP0.12680.0104pay 0.0013% / 1h26m 26s$3K$1K3x
ShortMEXC OP_USDT0.12680.0100get 0.0100% / 8h7h 26m$20.1M$7.3M300x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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

Funding earned
−$0.84
Price spread: −0.006% → 0.000%
−$0.55
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee MEXC: 0 bp × 2 orders
$0
Net
−$17.39
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; MEXC: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell MEXC live order book, 2 min ago0.79 bp3.2 bp −$312.9 bp −$12964.8 bp −$6,48197.4 bp −$48.7K
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective OP/USDC PERP−0.1656%1h0.1255−1.015%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1268+0.010%$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0352%1h0.1257−0.857%$20K$63K50xas long as short
dYdX OP-USD0.0000%1h0.1265−0.242%$39K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1262−0.463%$42K$171K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1268−0.009%150xas long as short
Variational Omni OP+0.0053%8h0.1266−0.121%$231K$47Kas long as short
Orderly PERP_OP_USDC+0.0056%8h0.1267−0.069%$6K$48K10xas long as short
Bybit OPUSDT+0.0095%8h0.1267−0.069%$18.4M$25.9M75xas long as short
Lighter OP+0.0096%1h0.1265−0.226%$284K$949K15xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid OP+0.0100%1h0.1268+0.042%$4.0M$2.9M5xas long as short
Aster OPUSDT+0.0100%8h0.1267−0.100%$212K$236K10xas long as short
Binance OPUSDT+0.0100%8h0.1268+0.002%$20.5M$62.0M75xas long as short
OKX OP-USDT-SWAP+0.0100%8h0.1267−0.069%$6.2M$30.1M50xas long as short
Gate OP_USDT+0.0100%8h0.1267−0.061%$1.9M$1.6M50xas long as short
MEXC OP_USDTshort+0.0100%8h0.1268−0.006%$20.1M$7.3M300x
KuCoin OPUSDTM+0.0100%8h0.1267−0.069%$2.9M$7.1M75xas long as short
Bitget OPUSDT+0.0100%8h0.1268+0.010%$6.0M$6.4M75xas long as short
BingX OP-USDT+0.0100%8h0.1267−0.069%$6.8Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1262−0.463%$121K$188K10xas long as short
edgeX OPUSDC+0.0100%4h0.1259−0.737%$4K$393K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1260−0.595%$320K$5.0M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1259−0.700%$43K$722K50xas long as short
SoDEX OP-USD+0.0100%1h0.1262−0.447%$172$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1263−0.400%$174K$234K50xas long as short
Extended OP-USD+0.0104%1h0.1266−0.134%$106K$430K25xas long as short
Aevo OP-PERPlong+0.0104%1h0.1268long leg$3K$1K3x
BloFin OP-USDT+0.0220%8h0.1262−0.502%$1.0M$275K75xas long as short
Kraken Futures PF_OPUSD+0.0384%1h0.1263−0.365%$797K$754K20xas long as short
Reya OPRUSDPERP+0.0438%1h0.1267−0.061%$70520xas long as short