Funding you earn now, next payment 05:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.07 per $10,000 · paid last 24h +0.108%
Price spread now: Aevo against Coinbase International+0.451%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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. Aevo is 0.451% dearer against Coinbase International than usual: you sell high and buy low (spread +0.451% now, against zero (this spread has no 7-day history yet)): +$45 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 27 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International OP-PERP-INTX | 0.1245 | 0.0160 | pay 0.0020% / 1h | 31m 11s | $26K | $59K | 50x |
| Short | Aevo OP-PERP | 0.1251 | 0.0104 | get 0.0013% / 1h | 31m 11s | $3K | $1K | 3x |
Coinbase International OP-PERP-INTX
Aevo OP-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$11.76
- Price spread: +0.451% → 0.000%
- $45.14
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- $7.38
- Costs to cover
- 0.260%
- Break-even
- from the start
Slippage unknown: Coinbase International: no order-book sample; Aevo: no order-book sample. 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Aevo no order-book sample | — | — | — | — | — |
Coinbase International and 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 | −0.1583% | 1h | 0.1247 | +0.161% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1252 | +0.522% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0549% | 1h | 0.1250 | +0.402% | $40K | $139K | 25x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1251 | +0.490% | $39K | $532 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1251 | +0.491% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0021% | 8h | 0.1250 | +0.402% | $59K | $142K | 10x | as long as short |
| Variational Omni OP | +0.0030% | 8h | 0.1257 | +0.968% | $222K | $48K | — | as long as short |
| Kraken Futures PF_OPUSD | +0.0075% | 1h | 0.1251 | +0.480% | $752K | $628K | 20x | as long as short |
| OKX OP-USDT-SWAP | +0.0095% | 8h | 0.1251 | +0.498% | $6.2M | $28.7M | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1252 | +0.554% | $289K | $987K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
dYdX OP-USD
gTrade (Gains Network) OP/USD
Orderly PERP_OP_USDC
Variational Omni OP
Kraken Futures PF_OPUSD
OKX OP-USDT-SWAP
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit OPUSDT | +0.0098% | 8h | 0.1250 | +0.418% | $18.5M | $25.5M | 75x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1252 | +0.530% | $3.4M | $2.9M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1251 | +0.458% | $204K | $218K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1251 | +0.490% | $19.7M | $63.6M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1251 | +0.482% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1251 | +0.450% | $22.9M | $7.6M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1249 | +0.321% | $2.8M | $6.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1251 | +0.482% | $5.8M | $6.6M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1250 | +0.442% | — | $6.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1250 | +0.426% | $105K | $215K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1251 | +0.500% | $379K | $770K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1252 | +0.598% | $317K | $5.2M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1253 | +0.643% | $43K | $704K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1250 | +0.410% | $191 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1252 | +0.554% | $172K | $236K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1250 | +0.397% | $100K | $505K | 25x | as long as short |
| Aevo OP-PERPshort | +0.0104% | 1h | 0.1251 | +0.451% | $3K | $1K | 3x | |
| Coinbase International OP-PERP-INTXlong | +0.0160% | 1h | 0.1245 | long leg | $26K | $59K | 50x | |
| BloFin OP-USDT | +0.0220% | 8h | 0.1251 | +0.466% | $995K | $276K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0443% | 1h | 0.1251 | +0.454% | $695 | — | 20x | as long as short |
Bybit OPUSDT
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
BloFin OP-USDT
Reya OPRUSDPERP