Funding arb · Price arb /

OP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.039%

Price spread now: Binance against Aster−0.056%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$680.676% of the position

Long on Aster Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.056%, 7d avg −0.022%

Together, before fees−0.013%+ Points / potential airdropAster: Stage 5 · farm board−$1 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: Binance is 0.034% cheaper against Aster than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster OPUSDT	0.1270	0.0100	pay 0.0100% / 8h	1h 30m	$212K	$241K	10x
Short	Binance OPUSDT	0.1270	0.0100	get 0.0100% / 8h	1h 30m	$20.6M	$61.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → −0.022%: −$3.43
Slippage, 4 orders: −$49.6
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$71.04
Costs to cover: 0.676%
Break-even: never at this rate

Slippage from Aster: live order book, 51 min ago; Binance: live order book, 12 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, 51 min ago	9.47 bp	28.8 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.40 bp	10.5 bp −$11	21.9 bp −$219	94.0 bp −$9,400	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	−0.1710%	1h	0.1265	−0.418%	$35K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1065% / S +0.0229%	1h	0.1270	+0.008%	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0360%	1h	0.1253	−1.363%	$21K	$63K	50x	as long as short
dYdX OP-USD	0.0000%	1h	0.1270	−0.014%	$39K	$519	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1270	−0.025%	$42K	$171K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1271	+0.054%	—	—	150x	as long as short
Variational Omni OP	+0.0037%	8h	0.1262	−0.694%	$234K	$48K	—	as long as short
Orderly PERP_OP_USDC	+0.0056%	8h	0.1269	−0.104%	$6K	$49K	10x	as long as short
Lighter OP	+0.0096%	1h	0.1270	+0.007%	$276K	$905K	15x	as long as short
OKX OP-USDT-SWAP	+0.0098%	8h	0.1270	−0.056%	$5.9M	$30.0M	50x	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	0.1271	+0.030%	$4.1M	$2.9M	5x	as long as short
Aster OPUSDTlong	+0.0100%	8h	0.1270	long leg	$212K	$241K	10x
Binance OPUSDTshort	+0.0100%	8h	0.1270	−0.056%	$20.6M	$61.9M	75x
Bybit OPUSDT	+0.0100%	8h	0.1269	−0.119%	$18.6M	$25.3M	75x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1270	−0.048%	$1.9M	$1.5M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1270	−0.048%	$20.0M	$7.1M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1270	−0.025%	$2.9M	$7.5M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1270	−0.025%	$6.0M	$6.2M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	0.1270	−0.025%	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1269	−0.111%	$125K	$190K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1266	−0.334%	$11K	$382K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1265	−0.441%	$316K	$5.1M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1266	−0.340%	$45K	$722K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1269	−0.111%	$183	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1271	+0.085%	$176K	$232K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1269	−0.078%	$102K	$186K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1270	−0.050%	$4K	—	3x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1268	−0.143%	$996K	$284K	75x	as long as short
Kraken Futures PF_OPUSD	+0.0227%	1h	0.1270	−0.044%	$793K	$740K	20x	as long as short
Reya OPRUSDPERP	+0.0437%	1h	0.1269	−0.068%	$706	—	20x	as long as short