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

OP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: edgeX against Aster−0.099%7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$790.789% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.271%+$27 · spread now −0.099%, 7d avg −0.074%
Together, before fees+0.271%+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm board+$27 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.025% cheaper against Aster than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.074%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster OPUSDT0.12620.0100pay 0.0100% / 8h4h 43m$211K$219K10x
ShortedgeX OPUSDC0.12600.0100get 0.0050% / 4h43m 02s$4K$389K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
Price spread: −0.099% → −0.074%
−$2.49
Slippage, 4 orders
−$61.92
Fee Aster: 4 bp × 2 orders
−$8
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$81.4
Costs to cover
0.789%
Break-even
never at this rate
Slippage from Aster: live order book, 13 min ago; edgeX: live order book, 15 min ago.

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, 13 min ago7.47 bp27.8 bp −$28doesn't fitdoesn't fitdoesn't fit
Sell edgeX live order book, 15 min ago7.93 bp16.7 bp −$17151.7 bp −$1,517doesn't fitdoesn't fit

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−0.1607%1h0.1258−0.285%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1261−0.010%$13K100xas long as short
dYdX OP-USD0.0000%1h0.1265+0.251%$39K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1261−0.047%$42K$151K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1262+0.046%150xas long as short
ApeX Omni OPUSDT+0.0005%1h0.1259−0.205%$43K$709K50xas long as short
OKX OP-USDT-SWAP+0.0033%8h0.1260−0.166%$6.2M$28.7M50xas long as short
Variational Omni OP+0.0044%8h0.1262+0.010%$223K$49Kas long as short
Orderly PERP_OP_USDC+0.0053%8h0.1261−0.047%$6K$44K10xas long as short
Lighter OP+0.0096%1h0.1262+0.009%$279K$939K15xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid OP+0.0100%1h0.1262+0.009%$3.7M$3.0M5xas long as short
Aster OPUSDTlong+0.0100%8h0.1262long leg$211K$219K10x
Binance OPUSDT+0.0100%8h0.1259−0.184%$20.4M$60.9M75xas long as short
Bybit OPUSDT+0.0100%8h0.1260−0.150%$18.5M$25.2M75xas long as short
Gate OP_USDT+0.0100%8h0.1261−0.047%$2.0M$1.4M50xas long as short
MEXC OP_USDT+0.0100%8h0.1259−0.182%$21.1M$7.1M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1259−0.205%$2.9M$6.6M75xas long as short
Bitget OPUSDT+0.0100%8h0.1259−0.205%$5.8M$6.5M75xas long as short
BingX OP-USDT+0.0100%8h0.1260−0.158%$6.3Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1260−0.150%$120K$194K10xas long as short
edgeX OPUSDCshort+0.0100%4h0.1260−0.099%$4K$389K10x
GRVT OP_USDT_Perp+0.0100%8h0.1259−0.205%$317K$5.1M10xas long as short
SoDEX OP-USD+0.0100%1h0.1261−0.071%$197$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1264+0.167%$174K$232K50xas long as short
Extended OP-USD+0.0104%1h0.1259−0.223%$101K$391K25xas long as short
Aevo OP-PERP+0.0104%1h0.1260−0.126%$3K$1K3xas long as short
Coinbase International OP-PERP-INTX+0.0168%1h0.1262+0.032%$24K$70K50xas long as short
BloFin OP-USDT+0.0220%8h0.1261−0.023%$1.0M$278K75xas long as short
Kraken Futures PF_OPUSD+0.0349%1h0.1261−0.054%$787K$572K20xas long as short
Reya OPRUSDPERP+0.0441%1h0.1261−0.051%$70120xas long as short