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

OP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.003%
Price spread now: Aevo against Aster−0.069%7-day average · you buy dearer than you sell
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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.069% cheaper against Aster than usual: you would sell low and buy high, −$7 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster OPUSDT0.12500.0100pay 0.0100% / 8h7h 56m$205K$210K10x
ShortAevo OP-PERP0.12490.0104get 0.0013% / 1h56m 12s$3K$1K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Aster. 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: −0.069% → 0.000%
−$6.87
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$30.03
Costs to cover
0.240%
Break-even
257.2 days
Slippage unknown: Aster: live order book, 40 min ago; Aevo: 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 Aster live order book, 40 min ago10.44 bp26.5 bp −$26doesn't fitdoesn't fitdoesn't fit
Sell Aevo no order-book sample
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−0.1328%1h0.1235−1.220%$34K$63K12xas long as short
GMX OP/USD [OP-USDC]L −0.1164% / S +0.0246%1h0.1249−0.071%$13K100xas long as short
Orderly PERP_OP_USDC−0.0054%8h0.1249−0.101%$12K$235K10xas long as short
dYdX OP-USD0.0000%1h0.1251+0.044%$39K$52210xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1249−0.101%$31K$165K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1250−0.033%150xas long as short
KuCoin OPUSDTM+0.0054%8h0.1249−0.101%$2.8M$6.0M75xas long as short
GRVT OP_USDT_Perp+0.0055%8h0.1248−0.198%$305K$5.3M10xas long as short
Variational Omni OP+0.0063%8h0.1248−0.182%$221K$47Kas long as short
Lighter OP+0.0096%1h0.1250−0.045%$288K$1.1M15xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid OP+0.0100%1h0.1251+0.027%$3.5M$3.6M5xas long as short
Aster OPUSDTlong+0.0100%8h0.1250long leg$205K$210K10x
Binance OPUSDT+0.0100%8h0.1249−0.103%$19.7M$67.7M75xas long as short
Bybit OPUSDT+0.0100%8h0.1248−0.189%$18.2M$26.3M75xas long as short
OKX OP-USDT-SWAP+0.0100%8h0.1248−0.189%$6.0M$29.6M50xas long as short
Gate OP_USDT+0.0100%8h0.1251+0.027%$2.0M$1.5M50xas long as short
MEXC OP_USDT+0.0100%8h0.1248−0.181%$22.3M$7.7M300xas long as short
Bitget OPUSDT+0.0100%8h0.1248−0.181%$5.6M$6.8M75xas long as short
BingX OP-USDT+0.0100%8h0.1249−0.117%$6.8Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1248−0.189%$116K$222K10xas long as short
edgeX OPUSDC+0.0100%4h0.1248−0.186%$4K$1.1M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1248−0.181%$43K$694K50xas long as short
SoDEX OP-USD+0.0100%1h0.1249−0.133%$198$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1251+0.051%$166K$259K50xas long as short
Extended OP-USD+0.0104%1h0.1248−0.165%$100K$610K25xas long as short
Aevo OP-PERPshort+0.0104%1h0.1249−0.069%$3K$1K3x
Coinbase International OP-PERP-INTX+0.0112%1h0.1249−0.101%$24K$66K50xas long as short
Kraken Futures PF_OPUSD+0.0155%1h0.1250+0.016%$744K$676K20xas long as short
BloFin OP-USDT+0.0220%8h0.1255+0.339%$996K$326K75xas long as short
Reya OPRUSDPERP+0.0445%1h0.1249−0.061%$69520xas long as short