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

OP

all OP markets
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: Aster against edgeX−0.022%80s7-day average +0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$970.966% 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)−0.601%−$60 · spread now −0.022%, 7d avg +0.073%
Together, before fees−0.601%+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm board−$60 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: Aster is 0.095% cheaper against edgeX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.073%. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX OPUSDC0.12640.0100pay 0.0050% / 4h2h 24m$4K$387K10x
ShortAster OPUSDT0.12640.0100get 0.0100% / 8h6h 24m$211K$229K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against edgeX. 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: −0.022% → +0.073%
−$9.48
Slippage, 4 orders
−$79.55
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Aster: 4 bp × 2 orders
−$8
Net
−$106.03
Costs to cover
0.966%
Break-even
never at this rate
Slippage from edgeX: live order book, 44 min ago; Aster: live order book, 42 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 edgeX live order book, 44 min ago3.92 bp15.4 bp −$15133.6 bp −$1,336doesn't fitdoesn't fit
Sell Aster live order book, 42 min ago11.80 bp19.8 bp −$20doesn't fitdoesn't fitdoesn't fit

OP on 29 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−0.1535%1h0.1260−0.334%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1263−0.105%$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0184%1h0.1279+1.169%$25K$75K50xas long as short
dYdX OP-USD0.0000%1h0.1266+0.131%$39K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1263−0.096%$42K$151K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1263−0.096%150xas long as short
Variational Omni OP+0.0053%8h0.1264+0.018%$225K$49Kas long as short
Orderly PERP_OP_USDC+0.0057%8h0.1263−0.096%$6K$47K10xas long as short
OKX OP-USDT-SWAP+0.0087%8h0.1263−0.080%$6.1M$29.8M50xas long as short
Lighter OP+0.0096%1h0.1264+0.014%$281K$949K15xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid OP+0.0100%1h0.1263−0.096%$3.7M$3.0M5xas long as short
Aster OPUSDTshort+0.0100%8h0.1264−0.022%$211K$229K10x
Binance OPUSDT+0.0100%8h0.1263−0.096%$20.3M$62.1M75xas long as short
Bybit OPUSDT+0.0100%8h0.1263−0.120%$18.3M$26.0M75xas long as short
Gate OP_USDT+0.0100%8h0.1263−0.088%$1.9M$1.6M50xas long as short
MEXC OP_USDT+0.0100%8h0.1263−0.080%$20.7M$7.5M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1262−0.175%$2.9M$6.9M75xas long as short
Bitget OPUSDT+0.0100%8h0.1264−0.017%$5.9M$6.6M75xas long as short
BingX OP-USDT+0.0100%8h0.1263−0.104%$6.9Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1266+0.117%$125K$203K10xas long as short
edgeX OPUSDClong+0.0100%4h0.1264long leg$4K$387K10x
GRVT OP_USDT_Perp+0.0100%8h0.1265+0.040%$311K$5.3M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1260−0.334%$43K$712K50xas long as short
SoDEX OP-USD+0.0100%1h0.1262−0.144%$181$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1263−0.065%$174K$226K50xas long as short
Extended OP-USD+0.0104%1h0.1262−0.180%$104K$393K25xas long as short
Aevo OP-PERP+0.0104%1h0.1263−0.077%$3K$1K3xas long as short
Reya OPRUSDPERP+0.0439%1h0.1262−0.175%$70220xas long as short
Kraken Futures PF_OPUSD+0.0461%1h0.1264+0.017%$798K$593K20xas long as short