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

OP

all OP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.1169%/8h= +128.0% APRnext payment +$1.46 per $10,000 · paid last 24h +0.339%
Price spread now: Aevo against GMX+0.007%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$35 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX OP/USD [OP-USDC]0.1252L −0.1065% / S +0.0229%get 0.0133% / 1h42m 23s$13K100x
ShortAevo OP-PERP0.12520.0104get 0.0013% / 1h42m 23s$3K$1K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against GMX. 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
$245.52
Price spread: +0.007% → 0.000%
$0.72
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Aevo: 8 bp × 2 orders
−$16
Net
$218.24
Costs to cover
0.280%
Break-even
0.8 days
Slippage unknown: GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell Aevo no order-book sample
GMX 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective OP/USDC PERP−0.1535%1h0.1252+0.007%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]longL −0.1065% / S +0.0229%1h0.1252long leg$13K100x
Coinbase International OP-PERP-INTX−0.0184%1h0.1279+2.164%$25K$76K50xas long as short
dYdX OP-USD0.0000%1h0.1252+0.007%$39K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1257+0.407%$41K$151K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1252+0.031%150xas long as short
Variational Omni OP+0.0050%8h0.1254+0.135%$223K$52Kas long as short
Orderly PERP_OP_USDC+0.0058%8h0.1251−0.073%$6K$48K10xas long as short
OKX OP-USDT-SWAP+0.0092%8h0.1252−0.025%$6.0M$29.8M50xas long as short
Lighter OP+0.0096%1h0.1252+0.039%$279K$947K15xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid OP+0.0100%1h0.1253+0.071%$3.8M$3.0M5xas long as short
Aster OPUSDT+0.0100%8h0.1253+0.061%$209K$231K10xas long as short
Binance OPUSDT+0.0100%8h0.1252−0.031%$20.2M$62.6M75xas long as short
Bybit OPUSDT+0.0100%8h0.1252−0.025%$18.2M$26.2M75xas long as short
Gate OP_USDT+0.0100%8h0.1254+0.151%$1.9M$1.5M50xas long as short
MEXC OP_USDT+0.0100%8h0.1252+0.015%$20.4M$7.4M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1252+0.007%$2.9M$7.0M75xas long as short
Bitget OPUSDT+0.0100%8h0.1252+0.007%$5.9M$6.6M75xas long as short
BingX OP-USDC+0.0100%8h0.1252+0.007%$1.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1255+0.231%$121K$202K10xas long as short
edgeX OPUSDC+0.0100%4h0.1258+0.485%$4K$389K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1254+0.159%$311K$5.2M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1257+0.407%$43K$725K50xas long as short
SoDEX OP-USD+0.0100%1h0.1256+0.351%$171$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1256+0.359%$173K$235K50xas long as short
Extended OP-USD+0.0104%1h0.1251−0.061%$103K$393K25xas long as short
Aevo OP-PERPshort+0.0104%1h0.1252+0.007%$3K$1K3x
BloFin OP-USDT+0.0220%8h0.1261+0.734%$1.0M$276K75xas long as short
Reya OPRUSDPERP+0.0439%1h0.1252−0.005%$69620xas long as short
Kraken Futures PF_OPUSD+0.0464%1h0.1258+0.494%$794K$606K20xas long as short