Funding arb · Price arb /

OP

all OP markets

Swap Backtest

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 HTX+0.126%53s7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1000.995% of the position

Long on HTX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.270%−$27 · spread now +0.126%, 7d avg +0.012%

Together, before fees−0.270%+ Points / potential airdropAster: Stage 5 · farm board−$27 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 0.113% dearer against HTX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.012%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX OP-USDT	0.1273	0.0100	pay 0.0100% / 8h	7h 58m	$176K	$234K	50x
Short	Aster OPUSDT	0.1275	0.0100	get 0.0100% / 8h	7h 58m	$213K	$236K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against HTX. 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

Position, each leg$Hold fordaysFee HTXbpFee AsterbpOrdersPrice spread, now +0.126%Rate

Funding earned: $0
Price spread: +0.126% → +0.012%: $11.32
Slippage, 4 orders: −$79.52
Fee HTX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$88.2
Costs to cover: 0.995%
Break-even: never at this rate

Slippage from HTX: live order book, 13 min ago; Aster: live order book, 13 min ago.

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 HTX live order book, 13 min ago	7.85 bp	16.8 bp −$17	2713.4 bp −$27.1K	doesn't fit	doesn't fit
Sell Aster live order book, 13 min ago	11.80 bp	19.1 bp −$19	doesn't fit	doesn't fit	doesn't fit

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	−0.1656%	1h	0.1269	−0.353%	$35K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1065% / S +0.0229%	1h	0.1274	+0.004%	$13K	—	100x	as long as short
Deribit OP_USDC-PERPETUAL	−0.0535%	1h	0.1273	−0.039%	$42K	$171K	25x	as long as short
Coinbase International OP-PERP-INTX	−0.0352%	1h	0.1270	−0.275%	$21K	$65K	50x	as long as short
dYdX OP-USD	0.0000%	1h	0.1275	+0.104%	$39K	$519	10x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1274	+0.022%	—	—	150x	as long as short
Orderly PERP_OP_USDC	+0.0059%	8h	0.1273	−0.039%	$6K	$49K	10x	as long as short
Variational Omni OP	+0.0061%	8h	0.1273	−0.017%	$232K	$47K	—	as long as short
Lighter OP	+0.0096%	1h	0.1276	+0.173%	$290K	$939K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1275	+0.110%	$4.1M	$2.9M	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster OPUSDTshort	+0.0100%	8h	0.1275	+0.126%	$213K	$236K	10x
Binance OPUSDT	+0.0100%	8h	0.1273	−0.047%	$20.6M	$62.0M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1273	−0.063%	$18.5M	$26.0M	75x	as long as short
OKX OP-USDT-SWAP	+0.0100%	8h	0.1273	−0.047%	$6.0M	$30.3M	50x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1275	+0.141%	$2.0M	$1.5M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1273	−0.039%	$20.1M	$7.2M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1274	+0.039%	$2.9M	$7.3M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1275	+0.118%	$6.1M	$6.4M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1273	−0.079%	—	$6.8M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1273	−0.039%	$123K	$188K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1274	+0.055%	$9K	$386K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1275	+0.117%	$323K	$4.8M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1275	+0.118%	$46K	$721K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1273	−0.008%	$187	$6K	5x	as long as short
HTX OP-USDTlong	+0.0100%	8h	0.1273	long leg	$176K	$234K	50x
Extended OP-USD	+0.0104%	1h	0.1275	+0.146%	$102K	$182K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1274	+0.034%	$4K	—	3x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1273	−0.071%	$1.0M	$277K	75x	as long as short
Kraken Futures PF_OPUSD	+0.0381%	1h	0.1275	+0.122%	$802K	$749K	20x	as long as short
Reya OPRUSDPERP	+0.0438%	1h	0.1273	−0.017%	$708	—	20x	as long as short