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

OP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: edgeX against HTX−0.022%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$710.708% of the position
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)−0.120%−$12 · spread now −0.022%, 7d avg −0.076%
Together, before fees−0.120%+ Points / potential airdropedgeX: Active · farm board−$12 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: edgeX is 0.053% dearer against HTX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.076%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX OP-USDT0.12790.0100pay 0.0100% / 8h1h 14m$177K$232K50x
ShortedgeX OPUSDC0.12790.0100get 0.0050% / 4h1h 14m$9K$384K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
$0
Price spread: −0.022% → −0.076%
$5.33
Slippage, 4 orders
−$49.85
Fee HTX: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$65.52
Costs to cover
0.708%
Break-even
never at this rate
Slippage from HTX: live order book, 2 min ago; edgeX: live order book, 4 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 HTX live order book, 2 min ago5.85 bp15.2 bp −$152650.7 bp −$26.5Kdoesn't fitdoesn't fit
Sell edgeX live order book, 4 min ago7.81 bp18.9 bp −$19143.8 bp −$1,438doesn'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−0.1710%1h0.1274−0.422%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1279−0.001%$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0360%1h0.1269−0.813%$21K$64K50xas long as short
dYdX OP-USD0.0000%1h0.1279−0.006%$40K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1280+0.047%$42K$171K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1280+0.031%150xas long as short
Variational Omni OP+0.0060%8h0.1280+0.015%$233K$53Kas long as short
Orderly PERP_OP_USDC+0.0060%8h0.1279−0.031%$6K$49K10xas long as short
Lighter OP+0.0096%1h0.1281+0.133%$286K$918K15xas long as short
Hyperliquid OP+0.0100%1h0.1281+0.156%$4.1M$2.9M5xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPUSDT+0.0100%8h0.1280+0.055%$214K$241K10xas long as short
Binance OPUSDT+0.0100%8h0.1280+0.028%$20.8M$61.9M75xas long as short
Bybit OPUSDT+0.0100%8h0.1279−0.055%$18.8M$25.4M75xas long as short
OKX OP-USDT-SWAP+0.0100%8h0.1279−0.023%$6.0M$30.2M50xas long as short
Gate OP_USDT+0.0100%8h0.1280+0.039%$2.0M$1.5M50xas long as short
MEXC OP_USDT+0.0100%8h0.1280+0.047%$20.2M$7.1M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1279−0.031%$2.9M$7.5M75xas long as short
Bitget OPUSDT+0.0100%8h0.1280+0.047%$6.1M$6.3M75xas long as short
BingX OP-USDC+0.0100%8h0.1279−0.031%$1.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1279−0.031%$125K$192K10xas long as short
edgeX OPUSDCshort+0.0100%4h0.1279−0.022%$9K$384K10x
GRVT OP_USDT_Perp+0.0100%8h0.1279−0.024%$320K$5.1M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1279−0.031%$46K$722K50xas long as short
SoDEX OP-USD+0.0100%1h0.1280+0.008%$185$6K5xas long as short
HTX OP-USDTlong+0.0100%8h0.1279long leg$177K$232K50x
Extended OP-USD+0.0104%1h0.1279−0.040%$102K$186K25xas long as short
Aevo OP-PERP+0.0104%1h0.1280+0.031%$4K3xas long as short
BloFin OP-USDT+0.0220%8h0.1278−0.078%$1.0M$289K75xas long as short
Kraken Futures PF_OPUSD+0.0225%1h0.1281+0.138%$801K$745K20xas long as short
Reya OPRUSDPERP+0.0437%1h0.1279−0.012%$71120xas long as short