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

OP

all OP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −11.0% APRnext payment $0.13 per $10,000 · paid last 24h −0.022%
Price spread now: gTrade (Gains Network) against Aevo+0.020%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo OP-PERP0.12580.0104pay 0.0013% / 1h58m 57s$4K3x
ShortgTrade (Gains Network) OP/USD0.1258L +0.0004% / S −0.0004%get 0.0000% / 1h58m 57s150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
−$21.01
Price spread: +0.020% → 0.000%
$1.99
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$45.03
Costs to cover
0.260%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; gTrade (Gains Network): 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 Aevo no order-book sample
Sell gTrade (Gains Network) no order-book sample
Aevo and gTrade (Gains Network): 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−0.1710%1h0.1250−0.604%$34K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1258+0.048%$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0360%1h0.1243−1.160%$21K$64K50xas long as short
dYdX OP-USD0.0000%1h0.1257−0.023%$39K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1258+0.033%$41K$171K25xas long as short
gTrade (Gains Network) OP/USDshortL +0.0004% / S −0.0004%1h0.1258+0.020%150x
Variational Omni OP+0.0042%8h0.1257−0.038%$231K$46Kas long as short
Orderly PERP_OP_USDC+0.0044%8h0.1257−0.047%$6K$50K10xas long as short
OKX OP-USDT-SWAP+0.0092%8h0.1258−0.007%$5.9M$29.7M50xas long as short
Lighter OP+0.0096%1h0.1258+0.056%$270K$899K15xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate OP_USDT+0.0097%8h0.1257−0.031%$1.8M$1.5M50xas long as short
Aster OPUSDT+0.0100%8h0.1258+0.008%$211K$241K10xas long as short
Binance OPUSDT+0.0100%8h0.1258+0.033%$20.4M$62.6M75xas long as short
Bybit OPUSDT+0.0100%8h0.1257−0.079%$18.3M$25.4M75xas long as short
MEXC OP_USDT+0.0100%8h0.1258+0.009%$19.9M$7.0M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1257−0.047%$2.9M$7.6M75xas long as short
Bitget OPUSDT+0.0100%8h0.1258+0.033%$6.0M$6.2M75xas long as short
BingX OP-USDT+0.0100%8h0.1257−0.023%$6.8Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1258−0.007%$124K$194K10xas long as short
edgeX OPUSDC+0.0100%4h0.1258+0.017%$11K$384K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1257−0.046%$311K$5.1M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1259+0.112%$45K$719K50xas long as short
SoDEX OP-USD+0.0100%1h0.1257−0.039%$172$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1258+0.064%$174K$232K50xas long as short
Extended OP-USD+0.0104%1h0.1257−0.018%$101K$186K25xas long as short
Aevo OP-PERPlong+0.0104%1h0.1258long leg$4K3x
Hyperliquid OP+0.0163%1h0.1260+0.168%$4.1M$3.0M5xas long as short
BloFin OP-USDT+0.0220%8h0.1258+0.033%$1.0M$281K75xas long as short
Kraken Futures PF_OPUSD+0.0229%1h0.1258+0.039%$778K$732K20xas long as short
Reya OPRUSDPERP+0.0436%1h0.1257−0.013%$69920xas long as short