Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.025%
Price spread now: Extended against Aster−0.178%7-day average −0.101% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$880.877% of the position
Funding, last 7 days−0.067%−$7 on $10k
+Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.178%, 7d avg −0.101%
=Together, before fees−0.029%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$3 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: Extended is 0.077% cheaper against Aster than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.101%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster OPUSDT | 0.1262 | 0.0100 | pay 0.0100% / 8h | 4h 47m | $211K | $219K | 10x |
| Short | Extended OP-USD | 0.1259 | 0.0104 | get 0.0013% / 1h | 47m 14s | $101K | $391K | 25x |
Aster OPUSDT
Extended OP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $0.84
- Price spread: −0.178% → −0.101%
- −$7.67
- Slippage, 4 orders
- −$74.67
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$94.5
- Costs to cover
- 0.877%
- Break-even
- 794.5 days
Slippage from Aster: live order book, 9 min ago; Extended: live order book, 10 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, 9 min ago | 7.47 bp | 27.8 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 10 min ago | 11.89 bp | 21.2 bp −$21 | 145.9 bp −$1,459 | 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 | −0.1607% | 1h | 0.1253 | −0.692% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1261 | −0.031% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1260 | −0.139% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1261 | −0.058% | $42K | $151K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1262 | −0.007% | — | — | 150x | as long as short |
| OKX OP-USDT-SWAP | +0.0036% | 8h | 0.1262 | +0.013% | $6.2M | $28.8M | 50x | as long as short |
| ApeX Omni OPUSDT | +0.0045% | 1h | 0.1257 | −0.375% | $43K | $709K | 50x | as long as short |
| Variational Omni OP | +0.0047% | 8h | 0.1260 | −0.159% | $223K | $49K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0054% | 8h | 0.1261 | −0.058% | $6K | $44K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1261 | −0.027% | $279K | $938K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
OKX OP-USDT-SWAP
ApeX Omni OPUSDT
Variational Omni OP
Orderly PERP_OP_USDC
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1263 | +0.084% | $3.7M | $3.0M | 5x | as long as short |
| Aster OPUSDTlong | +0.0100% | 8h | 0.1262 | long leg | $211K | $219K | 10x | |
| Binance OPUSDT | +0.0100% | 8h | 0.1261 | −0.035% | $20.4M | $60.8M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1261 | −0.090% | $18.5M | $25.2M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1261 | −0.058% | $2.0M | $1.4M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1261 | −0.035% | $21.2M | $7.0M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1259 | −0.217% | $2.9M | $6.6M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1261 | −0.058% | $5.9M | $6.5M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1262 | −0.011% | — | $6.3M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1261 | −0.082% | $120K | $194K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1257 | −0.404% | $4K | $389K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1257 | −0.368% | $317K | $5.1M | 10x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1260 | −0.122% | $194 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1260 | −0.098% | $173K | $232K | 50x | as long as short |
| Extended OP-USDshort | +0.0104% | 1h | 0.1259 | −0.178% | $101K | $391K | 25x | |
| Aevo OP-PERP | +0.0104% | 1h | 0.1258 | −0.256% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0168% | 1h | 0.1278 | +1.289% | $25K | $71K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1260 | −0.106% | $1.0M | $277K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0349% | 1h | 0.1261 | −0.096% | $789K | $570K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0441% | 1h | 0.1261 | −0.054% | $701 | — | 20x | as long as short |
Hyperliquid OP
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
SoDEX OP-USD
HTX OP-USDT
Aevo OP-PERP
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP