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

OP

all OP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Aster against Gate+0.051%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$1011.011% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.147%+$15 on $10k
Price spread, last 4 days (all we have)+0.024%+$2 · spread now +0.051%, 7d avg +0.044%
Together, before fees+0.171%+ Points / potential airdropAster: Stage 5 · farm board+$17 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate OP_USDT0.12740.0100pay 0.0100% / 8h7h 11m$2.0M$1.6M50x
ShortAster OPUSDT0.12750.0100get 0.0100% / 8h7h 11m$213K$236K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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: +0.051% → +0.044%
$0.67
Slippage, 4 orders
−$78.13
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Aster: 4 bp × 2 orders
−$8
Net
−$100.45
Costs to cover
1.011%
Break-even
never at this rate
Slippage from Gate: live order book, 1 min ago; Aster: live order book, 60 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 Gate live order book, 1 min ago2.75 bp29.7 bp −$3066.3 bp −$663doesn't fitdoesn't fit
Sell Aster live order book, 60 min ago11.80 bp19.1 bp −$19doesn'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−0.1656%1h0.1272−0.165%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1273−0.075%$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0352%1h0.1279+0.385%$25K$77K50xas long as short
dYdX OP-USD0.0000%1h0.1274−0.039%$39K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1274−0.008%$42K$167K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1273−0.092%150xas long as short
Variational Omni OP+0.0053%8h0.1272−0.181%$232K$46Kas long as short
Orderly PERP_OP_USDC+0.0058%8h0.1272−0.165%$6K$48K10xas long as short
Lighter OP+0.0096%1h0.1275+0.039%$284K$953K15xas long as short
Hyperliquid OP+0.0100%1h0.1275+0.047%$4.0M$2.9M5xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPUSDTshort+0.0100%8h0.1275+0.051%$213K$236K10x
Binance OPUSDT+0.0100%8h0.1273−0.093%$20.6M$62.1M75xas long as short
Bybit OPUSDT+0.0100%8h0.1271−0.212%$18.5M$26.0M75xas long as short
OKX OP-USDT-SWAP+0.0100%8h0.1271−0.220%$6.2M$30.2M50xas long as short
Gate OP_USDTlong+0.0100%8h0.1274long leg$2.0M$1.6M50x
MEXC OP_USDT+0.0100%8h0.1273−0.071%$20.2M$7.4M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1273−0.086%$2.9M$7.1M75xas long as short
Bitget OPUSDT+0.0100%8h0.1273−0.086%$6.0M$6.4M75xas long as short
BingX OP-USDT+0.0100%8h0.1273−0.071%$6.8Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1273−0.094%$122K$188K10xas long as short
edgeX OPUSDC+0.0100%4h0.1277+0.226%$4K$392K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1276+0.166%$315K$5.1M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1279+0.385%$44K$725K50xas long as short
SoDEX OP-USD+0.0100%1h0.1274−0.008%$169$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1276+0.126%$176K$235K50xas long as short
Extended OP-USD+0.0104%1h0.1272−0.134%$107K$389K25xas long as short
Aevo OP-PERP+0.0104%1h0.1272−0.130%$3K$1K3xas long as short
BloFin OP-USDT+0.0220%8h0.1277+0.196%$1.0M$276K75xas long as short
Kraken Futures PF_OPUSD+0.0380%1h0.1276+0.111%$806K$755K20xas long as short
Reya OPRUSDPERP+0.0439%1h0.1273−0.116%$70820xas long as short