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

OP

all OP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC+0.0991%/8hnext payment +$1.24 per $10,000 · paid last 24h +0.331%
Price spread now: Aevo against GMX−0.006%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$30 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX OP/USD [OP-USDC]0.1240L −0.0887% / S +0.0200%get 0.0111% / 1h40m 07s$13K100x
ShortAevo OP-PERP0.12400.0104get 0.0013% / 1h40m 07s$4K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against GMX. 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
$208.16
Price spread: −0.006% → 0.000%
−$0.65
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Aevo: 8 bp × 2 orders
−$16
Net
$179.52
Costs to cover
0.280%
Break-even
1.0 days
Slippage unknown: GMX: no order-book sample; 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 GMX no order-book sample
Sell Aevo no order-book sample
GMX and 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−0.1650%1h0.1234−0.506%$34K$58K12xas long as short
GMX OP/USD [OP-USDC]longL −0.0887% / S +0.0200%1h0.1240long leg$13K100x
Coinbase International OP-PERP-INTX−0.0312%1h0.1232−0.667%$21K$67K50xas long as short
Variational Omni OP−0.0059%8h0.1239−0.126%$226K$42Kas long as short
Orderly PERP_OP_USDC−0.0016%8h0.1240−0.022%$6K$53K10xas long as short
dYdX OP-USD0.0000%1h0.1240−0.025%$38K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1240−0.022%$43K$184K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1241+0.053%150xas long as short
OKX OP-USDT-SWAP+0.0050%8h0.1238−0.191%$5.7M$29.8M50xas long as short
Gate OP_USDT+0.0053%8h0.1239−0.094%$1.8M$1.4M50xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter OP+0.0096%1h0.1240−0.014%$268K$899K15xas long as short
Hyperliquid OP+0.0100%1h0.1240−0.062%$3.8M$3.1M5xas long as short
Aster OPUSDT+0.0100%8h0.1240+0.013%$210K$266K10xas long as short
Binance OPUSDT+0.0100%8h0.1238−0.172%$19.5M$64.3M75xas long as short
Bybit OPUSDT+0.0100%8h0.1237−0.223%$18.1M$26.4M75xas long as short
MEXC OP_USDT+0.0100%8h0.1239−0.110%$19.8M$7.2M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1239−0.102%$2.9M$7.4M75xas long as short
Bitget OPUSDT+0.0100%8h0.1239−0.102%$6.1M$6.2M75xas long as short
BingX OP-USDT+0.0100%8h0.1239−0.110%$6.7Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1238−0.167%$130K$198K10xas long as short
edgeX OPUSDC+0.0100%4h0.1240−0.057%$9K$379K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1239−0.084%$301K$5.4M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1240−0.022%$44K$720K50xas long as short
SoDEX OP-USD+0.0100%1h0.1239−0.070%$177$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1240+0.019%$177K$258K50xas long as short
Extended OP-USD+0.0104%1h0.1239−0.072%$99K$206K25xas long as short
Aevo OP-PERPshort+0.0104%1h0.1240−0.006%$4K3x
BloFin OP-USDT+0.0220%8h0.1240−0.054%$983K$304K75xas long as short
Reya OPRUSDPERP+0.0434%1h0.1240−0.034%$68920xas long as short
Kraken Futures PF_OPUSD+0.0526%1h0.1240−0.017%$768K$769K20xas long as short