Funding you earn now, next payment 08:00 UTC+0.0002%/8h= +0.2% APRnext payment +$0.02 per $10,000 · paid last 24h +0.027%
Price spread now: Aster against OKX−0.017%7-day average +0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$810.805% of the position
Funding, last 7 days+0.083%+$8 on $10k
+Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.017%, 7d avg +0.064%
=Together, before fees+0.132%+ Points / potential airdropAster: Stage 5 · farm board+$13 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 0.081% cheaper against OKX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.064%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX OP-USDT-SWAP | 0.1262 | 0.0098 | pay 0.0098% / 8h | 2h 35m | $6.2M | $28.8M | 50x |
| Short | Aster OPUSDT | 0.1261 | 0.0100 | get 0.0100% / 8h | 2h 35m | $208K | $218K | 10x |
OKX OP-USDT-SWAP
Aster OPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.4
- Price spread: −0.017% → +0.064%
- −$8.1
- Slippage, 4 orders
- −$62.51
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$88.21
- Costs to cover
- 0.805%
- Break-even
- 1560.8 days
Slippage from OKX: live order book, 3 min ago; Aster: live order book, 11 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 OKX live order book, 3 min ago | 0.40 bp | 12.7 bp −$13 | 27.2 bp −$272 | doesn't fit | doesn't fit |
| Sell Aster live order book, 11 min ago | 10.32 bp | 22.3 bp −$22 | 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 | −0.1583% | 1h | 0.1243 | −1.467% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1261 | −0.036% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1263 | +0.095% | $39K | $532 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1259 | −0.198% | $40K | $139K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1261 | −0.063% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0026% | 8h | 0.1258 | −0.277% | $59K | $143K | 10x | as long as short |
| Variational Omni OP | +0.0030% | 8h | 0.1257 | −0.352% | $222K | $48K | — | as long as short |
| Kraken Futures PF_OPUSD | +0.0074% | 1h | 0.1260 | −0.133% | $764K | $619K | 20x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1262 | +0.071% | $291K | $987K | 15x | as long as short |
| OKX OP-USDT-SWAPlong | +0.0098% | 8h | 0.1262 | long leg | $6.2M | $28.8M | 50x |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Orderly PERP_OP_USDC
Variational Omni OP
Kraken Futures PF_OPUSD
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1262 | +0.048% | $3.5M | $2.8M | 5x | as long as short |
| Aster OPUSDTshort | +0.0100% | 8h | 0.1261 | −0.017% | $208K | $218K | 10x | |
| Binance OPUSDT | +0.0100% | 8h | 0.1261 | −0.034% | $19.8M | $63.7M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1259 | −0.190% | $18.6M | $25.4M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1262 | +0.040% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1261 | −0.016% | $23.1M | $7.6M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1260 | −0.119% | $2.9M | $6.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1261 | −0.040% | $5.8M | $6.6M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1260 | −0.127% | — | $6.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1259 | −0.198% | $106K | $215K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1256 | −0.457% | $380K | $769K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1259 | −0.198% | $319K | $5.2M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1258 | −0.277% | $43K | $703K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1258 | −0.246% | $198 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1260 | −0.095% | $173K | $236K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1261 | −0.014% | $101K | $505K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1258 | −0.255% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0160% | 1h | 0.1245 | −1.308% | $26K | $60K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1258 | −0.285% | $1.0M | $277K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0442% | 1h | 0.1261 | −0.014% | $701 | — | 20x | as long as short |
Hyperliquid OP
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Reya OPRUSDPERP