data as of
Settings8H · net · $10k
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Funding spread now, next payment 00:00 UTC+0.0175%/8h
next payment, per $10,000+$1.75paid, last 24h+0.043%paid, last 5 days+0.090%to open and closeno order book
Long on OrderlyShort on Aster
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_OP_USDC0.1268−0.0075get 0.0075% / 8h7h 24m$6K$53K10x
ShortAster OPUSDT0.12670.0100get 0.0100% / 8h7h 24m$213K$465K10x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$36.67
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Aster: 4 bp × 2 orders
−$8
Net
$22.67
Break-even
2.7 days
Slippage unknown: Orderly: no order-book sample; Aster: live order book, 19 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.072%
Avg gap 7d
—
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample—————
Sell Aster live order book, 19 min ago6.70 bp18.9 bp −$19doesn't fitdoesn't fitdoesn't fit
Orderly: 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 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
GMX OP/USD [OP-USDC]L −0.1162% / S +0.0245%1h$13K—100xas long as short
Bybit OPUSDT−0.0369%8h$17.9M$27.6M75xas long as short
Coinbase International OP-PERP-INTX−0.0304%1h$22K$86K50xas long as short
Variational Omni OP−0.0108%8h$235K$43K—as long as short
Orderly PERP_OP_USDClong−0.0075%8h$6K$53K10x
MEXC OP_USDT−0.0019%8h$20.2M$8.8M300xas long as short
Binance OPUSDT−0.0019%8h$20.7M$69.0M75xas long as short
Extended OP-USD−0.0016%1h$101K$208K25xas long as short
dYdX OP-USD0.0000%1h$39K$1010xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h$47K$200K25xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h——150xas long as short
OKX OP-USDT-SWAP+0.0024%8h$6.0M$33.3M50xas long as short
Injective OP/USDC PERP+0.0033%1h$25K$184K12xas long as short
Aevo OP-PERP+0.0080%1h$4K—3xas long as short
Lighter OP+0.0096%1h$302K$881K15xas long as short
Hyperliquid OP+0.0100%1h$3.9M$3.3M5xas long as short
Aster OPUSDTshort+0.0100%8h$213K$465K10x
Gate OP_USDT+0.0100%8h$1.8M$1.6M50xas long as short
KuCoin OPUSDTM+0.0100%8h$2.9M$7.4M75xas long as short
Bitget OPUSDT+0.0100%8h$6.0M$6.4M75xas long as short
BingX OP-USDT+0.0100%8h—$6.9M—as long as short
edgeX OPUSDC+0.0100%4h$8K$377K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$46K$712K50xas long as short
SoDEX OP-USD+0.0100%1h$185$6K5xas long as short
HTX OP-USDT+0.0100%8h$182K$268K50xas long as short
BloFin OP-USDT+0.0102%8h$1.0M$583K75xas long as short
Backpack OP_USDC_PERP+0.0104%1h$137K$188K10xas long as short
Reya OPRUSDPERP+0.0432%1h$705—20xas long as short
Kraken Futures PF_OPUSD+0.0469%1h$788K$679K20xas long as short