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

OP

all OP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.027%
Price spread now: Aster against OKX+0.074%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$770.765% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.083%+$8 on $10k
Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.074%, 7d avg +0.068%
Together, before fees+0.004%+ Points / potential airdropAster: Stage 5 · farm board$0 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX OP-USDT-SWAP0.12750.0100pay 0.0100% / 8h7h 08m$6.2M$30.3M50x
ShortAster OPUSDT0.12760.0100get 0.0100% / 8h7h 08m$213K$236K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster 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
$0
Price spread: +0.074% → +0.068%
$0.52
Slippage, 4 orders
−$58.55
Fee OKX: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$76.02
Costs to cover
0.765%
Break-even
never at this rate
Slippage from OKX: live order book, 6 min ago; Aster: live order book, 64 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 OKX live order book, 6 min ago1.18 bp13.0 bp −$1328.5 bp −$285doesn't fitdoesn't fit
Sell Aster live order book, 64 min ago11.80 bp19.1 bp −$19doesn't fitdoesn'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−0.1656%1h0.1272−0.204%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1275+0.064%$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0352%1h0.1279+0.345%$25K$77K50xas long as short
dYdX OP-USD0.0000%1h0.1274−0.063%$39K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1275+0.031%$42K$167K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1276+0.089%150xas long as short
Variational Omni OP+0.0053%8h0.1272−0.220%$232K$46Kas long as short
Orderly PERP_OP_USDC+0.0058%8h0.1275+0.031%$6K$47K10xas long as short
Lighter OP+0.0096%1h0.1277+0.157%$284K$953K15xas long as short
Hyperliquid OP+0.0100%1h0.1277+0.157%$4.0M$2.9M5xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPUSDTshort+0.0100%8h0.1276+0.074%$213K$236K10x
Binance OPUSDT+0.0100%8h0.1275+0.069%$20.6M$62.0M75xas long as short
Bybit OPUSDT+0.0100%8h0.1275+0.016%$18.5M$26.0M75xas long as short
OKX OP-USDT-SWAPlong+0.0100%8h0.1275long leg$6.2M$30.3M50x
Gate OP_USDT+0.0100%8h0.1276+0.118%$2.0M$1.6M50xas long as short
MEXC OP_USDT+0.0100%8h0.1275+0.063%$20.2M$7.4M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1275+0.031%$2.9M$7.1M75xas long as short
Bitget OPUSDT+0.0100%8h0.1275+0.031%$6.0M$6.4M75xas long as short
BingX OP-USDT+0.0100%8h0.1275+0.039%$6.8Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1275+0.016%$123K$190K10xas long as short
edgeX OPUSDC+0.0100%4h0.1273−0.128%$4K$388K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1276+0.127%$315K$5.1M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1274−0.047%$44K$725K50xas long as short
SoDEX OP-USD+0.0100%1h0.1275+0.055%$183$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1274−0.071%$176K$235K50xas long as short
Extended OP-USD+0.0104%1h0.1275+0.017%$107K$389K25xas long as short
Aevo OP-PERP+0.0104%1h0.1275+0.071%$3K$1K3xas long as short
BloFin OP-USDT+0.0220%8h0.1274−0.024%$1.0M$276K75xas long as short
Kraken Futures PF_OPUSD+0.0380%1h0.1276+0.114%$806K$755K20xas long as short
Reya OPRUSDPERP+0.0439%1h0.1274−0.020%$70920xas long as short