Spread before costs (cost unknown: a leg has no order-book sample)−0.018%
7d average—if it closes, per $10,000$2funding while held, a day+$0.60
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo OP-PERP | 0.1241 | 0.0080 | pay 0.0010% / 1h | 39m 54s | $4K | — | 3x |
| Short | Backpack OP_USDC_PERP | 0.1241 | 0.0100 | get 0.0013% / 1h | 39m 54s | $132K | $187K | 10x |
Aevo OP-PERP
Backpack OP_USDC_PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$1.77
- Funding while held
- $0.6
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$27.17
- Spread needed to break even
- 0.260%
Slippage unknown: Aevo: no order-book sample; Backpack: live order book, 65 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0020%
- Per $10,000 a day
- +$0.60
- Average in range /8h
- —
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 Aevo no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 65 min ago | 1.97 bp | 12.0 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
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 price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International0.1238cheapestBybit0.1240+0.137%KuCoin0.1240+0.162%MEXC0.1240+0.178%OKX0.1240+0.194%BloFin0.1240+0.194%Extended0.1241+0.213%SoDEX0.1241+0.218%Binance0.1241+0.222%Reya0.1241+0.232%Bitget0.1241+0.242%BingX0.1241+0.242%
Coinbase International
Bybit
KuCoin
MEXC
OKX
BloFin
Extended
SoDEX
Binance
Reya
Bitget
BingXBackpack0.1241+0.242%
Orderly0.1241+0.242%Gate0.1241+0.250%HTX0.1241+0.250%
Orderly
Gate
HTXAevo0.1241+0.260%
GMX0.1242+0.286%Aster0.1242+0.291%Lighter0.1242+0.299%Hyperliquid0.1242+0.307%gTrade (Gains Network)0.1242+0.321%Deribit0.1242+0.323%dYdX0.1242+0.328%Variational Omni0.1243+0.365%Kraken Futures0.1243+0.379%edgeX0.1247+0.751%ApeX Omni0.1248+0.808%Injective0.1276+3.069%
GMX
Aster
Lighter
Hyperliquid
gTrade (Gains Network)
Deribit
dYdX
Variational Omni
Kraken Futures
ApeX Omni
InjectiveOP on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International OP-PERP-INTX | −0.259% | −0.0344% | 1h | $21K | $74K | 50x | as long as short |
| Bybit OPUSDT | −0.122% | −0.0080% | 8h | $17.7M | $26.2M | 75x | as long as short |
| KuCoin OPUSDTM | −0.098% | +0.0100% | 8h | $2.9M | $7.3M | 75x | as long as short |
| MEXC OP_USDT | −0.082% | +0.0005% | 8h | $19.7M | $8.2M | 300x | as long as short |
| OKX OP-USDT-SWAP | −0.066% | +0.0009% | 8h | $5.8M | $31.8M | 50x | as long as short |
| BloFin OP-USDT | −0.066% | +0.0021% | 8h | $1.0M | $372K | 75x | as long as short |
| Extended OP-USD | −0.047% | +0.0008% | 1h | $99K | $207K | 25x | as long as short |
| SoDEX OP-USD | −0.042% | +0.0100% | 1h | $184 | $6K | 5x | as long as short |
| Binance OPUSDT | −0.038% | +0.0006% | 8h | $20.1M | $65.9M | 75x | as long as short |
| Reya OPRUSDPERP | −0.028% | +0.0432% | 1h | $690 | — | 20x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget OPUSDT | −0.018% | +0.0100% | 8h | $5.9M | $6.2M | 75x | as long as short |
| BingX OP-USDC | −0.018% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERPshort | −0.018% | +0.0100% | 1h | $132K | $187K | 10x | |
| Orderly PERP_OP_USDC | −0.018% | −0.0068% | 8h | $6K | $53K | 10x | as long as short |
| Gate OP_USDT | −0.010% | +0.0100% | 8h | $1.8M | $1.4M | 50x | as long as short |
| HTX OP-USDT | −0.010% | +0.0100% | 8h | $175K | $264K | 50x | as long as short |
| Aevo OP-PERPlong | 0.000% | +0.0080% | 1h | $4K | — | 3x | |
| GMX OP/USD [OP-USDC] | +0.026% | L −0.1436% / S +0.0290% | 1h | $13K | — | 100x | as long as short |
| Aster OPUSDT | +0.031% | +0.0100% | 8h | $206K | $226K | 10x | as long as short |
| Lighter OP | +0.039% | +0.0096% | 1h | $266K | $914K | 15x | as long as short |
| Hyperliquid OP | +0.047% | +0.0100% | 1h | $3.9M | $3.3M | 5x | as long as short |
| gTrade (Gains Network) OP/USD | +0.060% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.063% | 0.0000% | 1h | $47K | $200K | 25x | as long as short |
| dYdX OP-USD | +0.068% | 0.0000% | 1h | $38K | $10 | 10x | as long as short |
| Variational Omni OP | +0.105% | −0.0126% | 8h | $226K | $45K | — | as long as short |
| Kraken Futures PF_OPUSD | +0.119% | +0.0617% | 1h | $771K | $671K | 20x | as long as short |
| edgeX OPUSDC | +0.490% | +0.0100% | 4h | $9K | $382K | 10x | as long as short |
| ApeX Omni OPUSDT | +0.546% | +0.0100% | 1h | $45K | $713K | 50x | as long as short |
| Injective OP/USDC PERP | +2.802% | +0.0033% | 1h | $25K | $134K | 12x | as long as short |