Funding arb · Price arb /

OP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Aster−0.097%69s7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$840.837% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.756%+$76 · spread now −0.097%, 7d avg +0.012%

Together, before fees+0.753%+ Points / potential airdropAster: Stage 5 · farm board+$75 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.109% cheaper against Aster than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.012%. The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster OPUSDT	0.1242	0.0100	pay 0.0100% / 8h	20m 26s	$204K	$210K	10x
Short	ApeX Omni OPUSDT	0.1241	0.0100	get 0.0013% / 1h	20m 26s	$43K	$697K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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 AsterbpFee ApeX OmnibpOrdersPrice spread, now −0.097%Rate

Funding earned: $0
Price spread: −0.097% → +0.012%: −$10.91
Slippage, 4 orders: −$65.73
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$94.63
Costs to cover: 0.837%
Break-even: never at this rate

Slippage from Aster: live order book, 16 min ago; ApeX Omni: live order book, 18 min ago.

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 Aster live order book, 16 min ago	10.44 bp	26.5 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 18 min ago	12.01 bp	21.1 bp −$21	113.5 bp −$1,135	doesn't fit	doesn't fit

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	−0.1660%	1h	0.1235	−0.580%	$34K	$63K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1164% / S +0.0246%	1h	0.1241	−0.058%	$13K	—	100x	as long as short
Orderly PERP_OP_USDC	−0.0054%	8h	0.1242	−0.016%	$12K	$236K	10x	as long as short
dYdX OP-USD	0.0000%	1h	0.1242	−0.036%	$38K	$522	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1242	−0.016%	$32K	$164K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1242	−0.026%	—	—	150x	as long as short
Variational Omni OP	+0.0053%	8h	0.1240	−0.151%	$220K	$47K	—	as long as short
KuCoin OPUSDTM	+0.0072%	8h	0.1240	−0.177%	$2.8M	$6.1M	75x	as long as short
Coinbase International OP-PERP-INTX	+0.0080%	1h	0.1242	−0.016%	$24K	$65K	50x	as long as short
Lighter OP	+0.0096%	1h	0.1242	+0.024%	$287K	$1.1M	15x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid OP	+0.0100%	1h	0.1243	+0.048%	$3.5M	$3.6M	5x	as long as short
Aster OPUSDTlong	+0.0100%	8h	0.1242	long leg	$204K	$210K	10x
Binance OPUSDT	+0.0100%	8h	0.1242	−0.040%	$19.6M	$67.6M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1241	−0.065%	$18.1M	$26.3M	75x	as long as short
OKX OP-USDT-SWAP	+0.0100%	8h	0.1242	−0.049%	$5.9M	$29.4M	50x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1242	−0.016%	$2.0M	$1.5M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1242	−0.049%	$22.1M	$7.8M	300x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1242	−0.016%	$5.6M	$6.8M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1241	−0.065%	—	$6.8M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1241	−0.105%	$114K	$221K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1241	−0.059%	$4K	$1.1M	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1240	−0.179%	$303K	$5.4M	10x	as long as short
ApeX Omni OPUSDTshort	+0.0100%	1h	0.1241	−0.097%	$43K	$697K	50x
SoDEX OP-USD	+0.0100%	1h	0.1241	−0.097%	$212	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1242	−0.049%	$165K	$259K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1241	−0.071%	$99K	$615K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1242	−0.028%	$3K	$1K	3x	as long as short
Kraken Futures PF_OPUSD	+0.0166%	1h	0.1242	−0.013%	$737K	$678K	20x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1241	−0.097%	$996K	$320K	75x	as long as short
Reya OPRUSDPERP	+0.0444%	1h	0.1241	−0.070%	$690	—	20x	as long as short