OP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0333%/8h= −36.5% APRnext payment −$0.42 per $10,000 · paid last 24h −0.091%

Price spread now: GMX against Aevo+0.107%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on GMX

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. GMX is 0.107% dearer against Aevo than usual: you sell high and buy low (spread +0.107% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo OP-PERP	0.1253	0.0104	pay 0.0013% / 1h	31m 42s	$3K	$1K	3x
Short	GMX OP/USD [OP-USDC]	0.1254	L −0.1065% / S +0.0229%	pay 0.0029% / 1h	31m 42s	$13K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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

Position, each leg$Hold fordaysFee AevobpFee GMXbpOrdersPrice spread, now +0.107%Rate

Funding earned: −$69.99
Price spread: +0.107% → 0.000%: $10.7
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee GMX: 6 bp × 2 orders: −$12
Net: −$87.29
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; GMX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aevo no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Aevo and GMX: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective OP/USDC PERP	−0.1583%	1h	0.1246	−0.521%	$34K	$59K	12x	as long as short
GMX OP/USD [OP-USDC]short	L −0.1065% / S +0.0229%	1h	0.1254	+0.107%	$13K	—	100x
Deribit OP_USDC-PERPETUAL	−0.0548%	1h	0.1252	−0.042%	$40K	$139K	25x	as long as short
dYdX OP-USD	0.0000%	1h	0.1251	−0.114%	$39K	$532	10x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1254	+0.085%	—	—	150x	as long as short
Orderly PERP_OP_USDC	+0.0021%	8h	0.1252	−0.042%	$59K	$142K	10x	as long as short
Variational Omni OP	+0.0030%	8h	0.1257	+0.361%	$222K	$48K	—	as long as short
Kraken Futures PF_OPUSD	+0.0074%	1h	0.1253	+0.011%	$753K	$625K	20x	as long as short
OKX OP-USDT-SWAP	+0.0094%	8h	0.1251	−0.122%	$6.2M	$28.6M	50x	as long as short
Lighter OP	+0.0096%	1h	0.1252	−0.050%	$289K	$987K	15x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit OPUSDT	+0.0098%	8h	0.1250	−0.186%	$18.5M	$25.5M	75x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1251	−0.138%	$3.5M	$2.8M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1251	−0.137%	$204K	$218K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1251	−0.122%	$19.7M	$63.6M	75x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1251	−0.122%	$2.0M	$1.5M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1250	−0.170%	$22.8M	$7.6M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1250	−0.202%	$2.8M	$6.4M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1251	−0.122%	$5.8M	$6.6M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1251	−0.138%	—	$6.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1252	−0.050%	$105K	$215K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1261	+0.637%	$382K	$770K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1259	+0.517%	$319K	$5.2M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1262	+0.756%	$43K	$704K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1252	−0.082%	$193	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1253	+0.022%	$172K	$236K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1251	−0.157%	$100K	$505K	25x	as long as short
Aevo OP-PERPlong	+0.0104%	1h	0.1253	long leg	$3K	$1K	3x
Coinbase International OP-PERP-INTX	+0.0160%	1h	0.1245	−0.601%	$26K	$59K	50x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1252	−0.058%	$1.0M	$276K	75x	as long as short
Reya OPRUSDPERP	+0.0443%	1h	0.1251	−0.086%	$696	—	20x	as long as short