Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.063%
Price spread now: Deribit against Aster+0.086%7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$650.652% of the position
Funding, last 7 days−0.291%−$29 on $10k
+Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.086%, 7d avg −0.035%
=Together, before fees−0.293%+ Points / potential airdropAster: Stage 5 · farm board−$29 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Deribit is 0.121% dearer against Aster than usual: you sell high and buy low (spread +0.086% now, against its 7-day average of −0.035%): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster OPUSDT | 0.1248 | 0.0100 | pay 0.0100% / 8h | 7h 55m | $205K | $210K | 10x |
| Short | Deribit OP_USDC-PERPETUAL | 0.1249 | 0 | get 0.0000% / 1h | 55m 52s | $31K | $165K | 25x |
Aster OPUSDT
Deribit OP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Aster. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: +0.086% → −0.035%
- $12.12
- Slippage, 4 orders
- −$50.18
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$74.06
- Costs to cover
- 0.652%
- Break-even
- never at this rate
Slippage from Aster: live order book, 41 min ago; Deribit: live order book, 43 min ago.
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 Aster live order book, 41 min ago | 10.44 bp | 26.5 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 43 min ago | 8.02 bp | 11.5 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.1328% | 1h | 0.1235 | −1.036% | $34K | $63K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1164% / S +0.0246% | 1h | 0.1249 | +0.116% | $13K | — | 100x | as long as short |
| Orderly PERP_OP_USDC | −0.0054% | 8h | 0.1249 | +0.086% | $12K | $235K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1251 | +0.231% | $39K | $522 | 10x | as long as short |
| Deribit OP_USDC-PERPETUALshort | 0.0000% | 1h | 0.1249 | +0.086% | $31K | $165K | 25x | |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1250 | +0.154% | — | — | 150x | as long as short |
| KuCoin OPUSDTM | +0.0054% | 8h | 0.1245 | −0.235% | $2.8M | $6.0M | 75x | as long as short |
| GRVT OP_USDT_Perp | +0.0055% | 8h | 0.1248 | −0.011% | $305K | $5.3M | 10x | as long as short |
| Variational Omni OP | +0.0070% | 8h | 0.1248 | +0.001% | $221K | $47K | — | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1250 | +0.142% | $288K | $1.1M | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Orderly PERP_OP_USDC
dYdX OP-USD
gTrade (Gains Network) OP/USD
KuCoin OPUSDTM
GRVT OP_USDT_Perp
Variational Omni OP
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1246 | −0.130% | $3.5M | $3.6M | 5x | as long as short |
| Aster OPUSDTlong | +0.0100% | 8h | 0.1248 | long leg | $205K | $210K | 10x | |
| Binance OPUSDT | +0.0100% | 8h | 0.1246 | −0.154% | $19.6M | $67.7M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1246 | −0.179% | $18.1M | $26.3M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1245 | −0.203% | $6.0M | $29.5M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1249 | +0.046% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1247 | −0.074% | $22.3M | $7.7M | 300x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1246 | −0.155% | $5.6M | $6.8M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1247 | −0.074% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1248 | −0.002% | $116K | $222K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1248 | 0.000% | $4K | $1.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1248 | +0.006% | $43K | $694K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1249 | +0.054% | $198 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1251 | +0.238% | $166K | $259K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1245 | −0.265% | $100K | $610K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1249 | +0.118% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0112% | 1h | 0.1249 | +0.086% | $24K | $66K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.0155% | 1h | 0.1250 | +0.203% | $744K | $676K | 20x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1255 | +0.527% | $996K | $326K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0445% | 1h | 0.1249 | +0.125% | $695 | — | 20x | as long as short |
Hyperliquid OP
Binance OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
Kraken Futures PF_OPUSD
BloFin OP-USDT
Reya OPRUSDPERP