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

OP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.004%
Price spread now: HTX against Aevo+0.019%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 feesneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo OP-PERP0.12650.0104pay 0.0013% / 1h19m 31s$3K$1K3x
ShortHTX OP-USDT0.12650.0100get 0.0100% / 8h3h 19m$171K$231K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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: +0.019% → 0.000%
$1.9
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee HTX: 6 bp × 2 orders
−$12
Net
−$26.94
Costs to cover
0.280%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; HTX: live order book, 32 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 HTX live order book, 32 min ago7.42 bp20.6 bp −$21doesn'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−0.1568%1h0.1256−0.700%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1265+0.029%$13K100xas long as short
dYdX OP-USD0.0000%1h0.1264−0.088%$39K$53210xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1265+0.011%$42K$138K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1266+0.065%150xas long as short
Coinbase International OP-PERP-INTX+0.0032%1h0.1270+0.406%$25K$57K50xas long as short
Variational Omni OP+0.0045%8h0.1263−0.161%$223K$48Kas long as short
Orderly PERP_OP_USDC+0.0054%8h0.1265+0.011%$6K$46K10xas long as short
Kraken Futures PF_OPUSD+0.0057%1h0.1266+0.091%$776K$551K20xas long as short
OKX OP-USDT-SWAP+0.0091%8h0.1264−0.100%$6.2M$28.5M50xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter OP+0.0096%1h0.1264−0.052%$275K$946K15xas long as short
Hyperliquid OP+0.0100%1h0.1265−0.005%$3.7M$2.8M5xas long as short
Aster OPUSDT+0.0100%8h0.1265+0.033%$211K$216K10xas long as short
Binance OPUSDT+0.0100%8h0.1264−0.083%$20.4M$61.0M75xas long as short
Bybit OPUSDT+0.0100%8h0.1263−0.139%$18.6M$24.9M75xas long as short
Gate OP_USDT+0.0100%8h0.1264−0.092%$2.0M$1.5M50xas long as short
MEXC OP_USDT+0.0100%8h0.1262−0.202%$21.2M$7.3M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1263−0.147%$2.8M$6.4M75xas long as short
Bitget OPUSDT+0.0100%8h0.1264−0.068%$5.8M$6.5M75xas long as short
BingX OP-USDC+0.0100%8h0.1264−0.068%$1.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1263−0.123%$117K$205K10xas long as short
edgeX OPUSDC+0.0100%4h0.1263−0.176%$4K$388K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1262−0.227%$316K$5.1M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1265+0.011%$43K$709K50xas long as short
SoDEX OP-USD+0.0100%1h0.1265−0.028%$201$6K5xas long as short
HTX OP-USDTshort+0.0100%8h0.1265+0.019%$171K$231K50x
Extended OP-USD+0.0104%1h0.1262−0.193%$102K$393K25xas long as short
Aevo OP-PERPlong+0.0104%1h0.1265long leg$3K$1K3x
BloFin OP-USDT+0.0220%8h0.1263−0.115%$1.0M$280K75xas long as short
Reya OPRUSDPERP+0.0442%1h0.1264−0.105%$70320xas long as short