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

OP

all OP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.025%
Price spread now: Aevo against Extended+0.092%7-day average · you sell dearer than you buy
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 fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.092% dearer against Extended than usual: you sell high and buy low, +$9 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended OP-USD0.12600.0104pay 0.0013% / 1h33m 11s$104K$414K25x
ShortAevo OP-PERP0.12610.0104get 0.0013% / 1h33m 11s$3K$1K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Extended. 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: +0.092% → 0.000%
$9.23
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$11.77
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 38 min ago; 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 38 min ago19.68 bp28.8 bp −$29148.6 bp −$1,486doesn't fitdoesn't fit
Sell Aevo no order-book sample
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%1h0.1256−0.315%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1262+0.169%$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0352%1h0.1259−0.077%$20K$63K50xas long as short
dYdX OP-USD0.0000%1h0.1264+0.336%$39K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1262+0.161%$42K$171K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1262+0.190%150xas long as short
Bybit OPUSDT+0.0009%8h0.1260−0.013%$18.3M$25.9M75xas long as short
Variational Omni OP+0.0048%8h0.1261+0.094%$230K$47Kas long as short
Orderly PERP_OP_USDC+0.0056%8h0.1261+0.082%$6K$48K10xas long as short
Lighter OP+0.0096%1h0.1262+0.153%$283K$948K15xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid OP+0.0100%1h0.1263+0.265%$4.0M$2.9M5xas long as short
Aster OPUSDT+0.0100%8h0.1263+0.236%$211K$236K10xas long as short
Binance OPUSDT+0.0100%8h0.1261+0.066%$20.4M$62.0M75xas long as short
OKX OP-USDT-SWAP+0.0100%8h0.1260+0.034%$6.1M$29.9M50xas long as short
Gate OP_USDT+0.0100%8h0.1263+0.217%$1.9M$1.6M50xas long as short
MEXC OP_USDT+0.0100%8h0.1261+0.066%$20.0M$7.3M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1261+0.082%$2.9M$7.2M75xas long as short
Bitget OPUSDT+0.0100%8h0.1261+0.082%$6.0M$6.4M75xas long as short
BingX OP-USDT+0.0100%8h0.1262+0.122%$6.8Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1263+0.201%$121K$189K10xas long as short
edgeX OPUSDC+0.0100%4h0.1261+0.071%$4K$391K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1261+0.065%$314K$5.0M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1264+0.320%$43K$723K50xas long as short
SoDEX OP-USD+0.0100%1h0.1261+0.066%$183$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1263+0.272%$174K$234K50xas long as short
Extended OP-USDlong+0.0104%1h0.1260long leg$104K$414K25x
Aevo OP-PERPshort+0.0104%1h0.1261+0.092%$3K$1K3x
BloFin OP-USDT+0.0220%8h0.1261+0.058%$1.0M$275K75xas long as short
Kraken Futures PF_OPUSD+0.0384%1h0.1262+0.182%$796K$754K20xas long as short
Reya OPRUSDPERP+0.0438%1h0.1261+0.112%$70120xas long as short