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

OP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h +0.021%
Price spread now: Aevo against OKX+0.024%7-day average · you sell dearer than you buy
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aevo is 0.024% dearer against OKX than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX OP-USDT-SWAP0.12610.0049pay 0.0049% / 8h5h 57m$6.1M$29.0M50x
ShortAevo OP-PERP0.12610.0104get 0.0013% / 1h57m 24s$3K$1K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against OKX. 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
$11.56
Price spread: +0.024% → 0.000%
$2.38
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$12.06
Costs to cover
0.260%
Break-even
14.3 days
Slippage unknown: OKX: live order book, 1 min ago; 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 OKX live order book, 1 min ago0.40 bp10.8 bp −$1130.0 bp −$300doesn't fitdoesn't fit
Sell Aevo no order-book sample
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 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−0.1488%1h0.1261+0.024%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1262+0.098%$13K100xas long as short
dYdX OP-USD0.0000%1h0.1262+0.087%$39K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1261+0.024%$42K$151K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1262+0.081%150xas long as short
OKX OP-USDT-SWAPlong+0.0049%8h0.1261long leg$6.1M$29.0M50x
Orderly PERP_OP_USDC+0.0054%8h0.1260−0.056%$6K$45K10xas long as short
Variational Omni OP+0.0055%8h0.1264+0.232%$223K$50Kas long as short
Lighter OP+0.0096%1h0.1262+0.087%$280K$933K15xas long as short
Hyperliquid OP+0.0100%1h0.1262+0.087%$3.7M$3.0M5xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPUSDT+0.0100%8h0.1262+0.073%$211K$229K10xas long as short
Binance OPUSDT+0.0100%8h0.1261+0.016%$20.3M$60.7M75xas long as short
Bybit OPUSDT+0.0100%8h0.1260−0.032%$18.3M$25.3M75xas long as short
Gate OP_USDT+0.0100%8h0.1262+0.063%$1.9M$1.5M50xas long as short
MEXC OP_USDT+0.0100%8h0.1261+0.032%$20.6M$6.9M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1260−0.056%$2.9M$6.8M75xas long as short
Bitget OPUSDT+0.0100%8h0.1261+0.024%$5.9M$6.5M75xas long as short
BingX OP-USDC+0.0100%8h0.1261+0.024%$1.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1263+0.198%$121K$195K10xas long as short
edgeX OPUSDC+0.0100%4h0.1265+0.311%$4K$390K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1264+0.290%$311K$5.1M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1266+0.420%$43K$706K50xas long as short
SoDEX OP-USD+0.0100%1h0.1264+0.262%$180$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1265+0.365%$175K$218K50xas long as short
Extended OP-USD+0.0104%1h0.1260−0.045%$101K$392K25xas long as short
Aevo OP-PERPshort+0.0104%1h0.1261+0.024%$3K$1K3x
Coinbase International OP-PERP-INTX+0.0152%1h0.1265+0.341%$24K$71K50xas long as short
Reya OPRUSDPERP+0.0440%1h0.1260−0.021%$70120xas long as short
Kraken Futures PF_OPUSD+0.0490%1h0.1265+0.372%$800K$585K20xas long as short