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

OP

all OP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.1864%/8h= +204.2% APRnext payment +$2.33 per $10,000 · paid last 24h +0.293%
Price spread now: Aevo against Injective+0.504%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 feesneeds both histories
Both sides work for this trade now. Funding pays +$56 a day on $10k at the current rate, and Aevo is 0.504% dearer against Injective than usual: you sell high and buy low: +$50 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective OP/USDC PERP0.1247−0.1760get 0.0220% / 1h4m 33s$34K$59K12x
ShortAevo OP-PERP0.12530.0104get 0.0013% / 1h4m 33s$3K$1K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Injective. 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
$391.53
Price spread: +0.504% → 0.000%
$50.44
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Aevo: 8 bp × 2 orders
−$16
Net
$425.95
Costs to cover
0.160%
Break-even
from the start
Slippage unknown: Injective: 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 Injective no order-book sample
Sell Aevo no order-book sample
Injective 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 PERPlong−0.1760%1h0.1247long leg$34K$59K12x
GMX OP/USD [OP-USDC]L −0.0898% / S +0.0202%1h0.1254+0.578%$13K100xas long as short
Orderly PERP_OP_USDC−0.0055%8h0.1254+0.561%$12K$236K10xas long as short
Kraken Futures PF_OPUSD−0.0034%1h0.1254+0.570%$753K$666K20xas long as short
dYdX OP-USD0.0000%1h0.1255+0.647%$39K$52210xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1254+0.561%$32K$154K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1254+0.549%150xas long as short
Variational Omni OP+0.0016%8h0.1255+0.636%$222K$47Kas long as short
Coinbase International OP-PERP-INTX+0.0032%1h0.1253+0.481%$24K$65K50xas long as short
KuCoin OPUSDTM+0.0072%8h0.1252+0.401%$2.8M$6.2M75xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter OP+0.0096%1h0.1252+0.393%$274K$1.1M15xas long as short
Hyperliquid OP+0.0100%1h0.1253+0.497%$3.5M$3.7M5xas long as short
Aster OPUSDT+0.0100%8h0.1253+0.453%$206K$210K10xas long as short
Binance OPUSDT+0.0100%8h0.1251+0.332%$19.8M$67.0M75xas long as short
Bybit OPUSDT+0.0100%8h0.1251+0.337%$18.3M$26.1M75xas long as short
OKX OP-USDT-SWAP+0.0100%8h0.1251+0.305%$6.1M$29.4M50xas long as short
Gate OP_USDT+0.0100%8h0.1252+0.425%$2.0M$1.5M50xas long as short
MEXC OP_USDT+0.0100%8h0.1251+0.345%$22.4M$8.0M300xas long as short
Bitget OPUSDT+0.0100%8h0.1250+0.241%$5.7M$6.9M75xas long as short
BingX OP-USDT+0.0100%8h0.1251+0.345%$6.8Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1253+0.465%$115K$220K10xas long as short
edgeX OPUSDC+0.0100%4h0.1254+0.536%$4K$1.1M10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1253+0.487%$310K$5.2M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1255+0.642%$43K$697K50xas long as short
SoDEX OP-USD+0.0100%1h0.1253+0.489%$209$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1254+0.561%$168K$255K50xas long as short
Extended OP-USD+0.0104%1h0.1249+0.187%$102K$506K25xas long as short
Aevo OP-PERPshort+0.0104%1h0.1253+0.504%$3K$1K3x
BloFin OP-USDT+0.0220%8h0.1254+0.529%$990K$324K75xas long as short
Reya OPRUSDPERP+0.0444%1h0.1254+0.524%$69720xas long as short