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 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.006%
Price spread now: Aster against Aevo+0.013%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 fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo OP-PERP0.12880.0104pay 0.0013% / 1h50m 45s$4K3x
ShortAster OPUSDT0.12880.0100get 0.0100% / 8h50m 45s$215K$241K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Aevo. 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
−$0.84
Price spread: +0.013% → 0.000%
$1.34
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Aster: 4 bp × 2 orders
−$8
Net
−$23.5
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; Aster: live order book, 26 min ago. 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 Aevo no order-book sample
Sell Aster live order book, 26 min ago8.20 bp15.5 bp −$15doesn't fitdoesn't fitdoesn't fit
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 PERP−0.1633%1h0.1284−0.296%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1287−0.027%$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0344%1h0.1286−0.141%$21K$65K50xas long as short
dYdX OP-USD0.0000%1h0.1288+0.001%$40K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1288+0.015%$42K$171K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1288−0.004%150xas long as short
Orderly PERP_OP_USDC+0.0063%8h0.1287−0.063%$6K$49K10xas long as short
Variational Omni OP+0.0077%8h0.1288+0.044%$236K$54Kas long as short
Lighter OP+0.0096%1h0.1289+0.108%$291K$920K15xas long as short
Hyperliquid OP+0.0100%1h0.1289+0.085%$4.2M$2.9M5xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPUSDTshort+0.0100%8h0.1288+0.013%$215K$241K10x
Binance OPUSDT+0.0100%8h0.1287−0.044%$20.9M$61.7M75xas long as short
Bybit OPUSDT+0.0100%8h0.1287−0.078%$18.8M$25.6M75xas long as short
OKX OP-USDT-SWAP+0.0100%8h0.1288−0.016%$6.1M$30.5M50xas long as short
Gate OP_USDT+0.0100%8h0.1288+0.015%$2.0M$1.5M50xas long as short
MEXC OP_USDT+0.0100%8h0.1287−0.032%$20.4M$7.2M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1287−0.063%$2.9M$7.4M75xas long as short
Bitget OPUSDT+0.0100%8h0.1288+0.015%$6.1M$6.3M75xas long as short
BingX OP-USDT+0.0100%8h0.1287−0.047%$6.8Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1287−0.040%$125K$189K10xas long as short
edgeX OPUSDC+0.0100%4h0.1289+0.127%$11K$383K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1288−0.013%$322K$5.0M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1287−0.063%$46K$722K50xas long as short
SoDEX OP-USD+0.0100%1h0.1287−0.040%$186$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1288−0.009%$178K$233K50xas long as short
Extended OP-USD+0.0104%1h0.1287−0.070%$103K$186K25xas long as short
Aevo OP-PERPlong+0.0104%1h0.1288long leg$4K3x
BloFin OP-USDT+0.0220%8h0.1287−0.071%$1.0M$291K75xas long as short
Kraken Futures PF_OPUSD+0.0355%1h0.1289+0.060%$805K$745K20xas long as short
Reya OPRUSDPERP+0.0437%1h0.1287−0.059%$71620xas long as short