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

OP

all OP markets
SwapBacktest
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 0.000%
Price spread now: Aster against BingX−0.042%7-day average +0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$256as in the Funding arb table
Net, price: spread back to 7d avg − costs−$264as in the Price arb table
costs, in and out, $10k−$2562.556% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.001%$0 on $10k
Price spread, last 4 days (all we have)+0.163%+$16 · spread now −0.042%, 7d avg +0.038%
Together, before fees+0.164%+ Points / potential airdropAster: Stage 5 · farm board+$16 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: Aster is 0.080% cheaper against BingX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.038%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX OP-USDC0.12880.0100pay 0.0100% / 8h52m 01s$1.6M
ShortAster OPUSDT0.12870.0100get 0.0100% / 8h52m 01s$215K$241K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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
Price spread: −0.042% → +0.038%
−$7.96
Slippage, 4 orders
−$237.61
Fee BingX: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$263.57
Costs to cover
2.556%
Break-even
never at this rate
Slippage from BingX: live order book, 5 min ago; Aster: live order book, 25 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 5 min ago7.76 bp105.6 bp −$106862.5 bp −$8,6251148.6 bp −$114.9Kdoesn't fit
Sell Aster live order book, 25 min ago8.20 bp15.5 bp −$15doesn't fitdoesn't fitdoesn't fit

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−0.1633%1h0.1284−0.311%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1286−0.123%$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0344%1h0.1286−0.155%$21K$65K50xas long as short
dYdX OP-USD0.0000%1h0.1287−0.065%$40K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1287−0.078%$42K$171K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1287−0.086%150xas long as short
Orderly PERP_OP_USDC+0.0064%8h0.1286−0.155%$6K$49K10xas long as short
Variational Omni OP+0.0077%8h0.1288+0.029%$236K$54Kas long as short
Lighter OP+0.0096%1h0.1288+0.031%$291K$919K15xas long as short
Hyperliquid OP+0.0100%1h0.1288+0.023%$4.2M$2.9M5xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPUSDTshort+0.0100%8h0.1287−0.042%$215K$241K10x
Binance OPUSDT+0.0100%8h0.1287−0.062%$20.9M$61.7M75xas long as short
Bybit OPUSDT+0.0100%8h0.1286−0.132%$18.8M$25.6M75xas long as short
OKX OP-USDT-SWAP+0.0100%8h0.1287−0.062%$6.1M$30.5M50xas long as short
Gate OP_USDT+0.0100%8h0.1287−0.054%$2.0M$1.5M50xas long as short
MEXC OP_USDT+0.0100%8h0.1287−0.093%$20.4M$7.2M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1287−0.078%$2.9M$7.4M75xas long as short
Bitget OPUSDT+0.0100%8h0.12880.000%$6.1M$6.3M75xas long as short
BingX OP-USDClong+0.0100%8h0.1288long leg$1.6M
Backpack OP_USDC_PERP+0.0100%1h0.1287−0.109%$125K$189K10xas long as short
edgeX OPUSDC+0.0100%4h0.1289+0.112%$11K$383K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1288−0.027%$322K$5.0M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.12880.000%$46K$722K50xas long as short
SoDEX OP-USD+0.0100%1h0.1287−0.093%$188$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1287−0.070%$178K$233K50xas long as short
Extended OP-USD+0.0104%1h0.1287−0.105%$103K$186K25xas long as short
Aevo OP-PERP+0.0104%1h0.1288−0.037%$4K3xas long as short
BloFin OP-USDT+0.0220%8h0.1287−0.078%$1.0M$291K75xas long as short
Kraken Futures PF_OPUSD+0.0355%1h0.1288+0.018%$805K$745K20xas long as short
Reya OPRUSDPERP+0.0437%1h0.1286−0.144%$71520xas long as short