Spread before costs (cost unknown: a leg has no order-book sample)−0.143%
7d average—if it closes, per $10,000$14funding while held, a day−$13.23
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo OP-PERP | 0.1269 | 0.0072 | pay 0.0009% / 1h | 25m 30s | $4K | — | 3x |
| Short | Bybit OPUSDT | 0.1267 | −0.0369 | pay 0.0369% / 8h | 7h 25m | $17.9M | $27.7M | 75x |
Aevo OP-PERP
Bybit OPUSDTPrice 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
- −$14.26
- Funding while held
- −$13.23
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$54.49
- Spread needed to break even
- 0.270%
Slippage unknown: Aevo: no order-book sample; Bybit: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0441%
- Per $10,000 a day
- −$13.23
- 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 Bybit live order book, 5 min ago | 0.40 bp | 12.6 bp −$13 | 28.5 bp −$285 | 72.5 bp −$7,246 | 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 International0.1263cheapest
Coinbase InternationalBybit0.1267+0.325%
OKX0.1268+0.372%Variational Omni0.1268+0.378%Gate0.1268+0.396%Extended0.1269+0.437%Binance0.1269+0.451%MEXC0.1269+0.467%SoDEX0.1269+0.467%
OKX
Variational Omni
Gate
Extended
Binance
MEXC
SoDEXAevo0.1269+0.468%
KuCoin0.1269+0.475%Bitget0.1269+0.475%BingX0.1269+0.475%Orderly0.1269+0.475%Deribit0.1269+0.475%Lighter0.1269+0.483%Aster0.1269+0.489%Backpack0.1269+0.507%dYdX0.1270+0.555%gTrade (Gains Network)0.1270+0.564%Hyperliquid0.1270+0.586%Kraken Futures0.1271+0.602%GMX0.1271+0.622%Reya0.1271+0.624%HTX0.1271+0.649%edgeX0.1272+0.682%BloFin0.1272+0.744%ApeX Omni0.1274+0.871%Injective0.1276+1.029%
KuCoin
Bitget
BingX
Orderly
Deribit
Lighter
Aster
Backpack
dYdX
gTrade (Gains Network)
Hyperliquid
Kraken Futures
GMX
Reya
HTX
BloFin
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 | −0.466% | −0.0304% | 1h | $22K | $86K | 50x | as long as short |
| Bybit OPUSDTshort | −0.143% | −0.0369% | 8h | $17.9M | $27.7M | 75x | |
| OKX OP-USDT-SWAP | −0.095% | +0.0026% | 8h | $6.0M | $33.4M | 50x | as long as short |
| Variational Omni OP | −0.090% | −0.0108% | 8h | $235K | $43K | — | as long as short |
| Gate OP_USDT | −0.072% | +0.0100% | 8h | $1.8M | $1.6M | 50x | as long as short |
| Extended OP-USD | −0.030% | −0.0016% | 1h | $102K | $208K | 25x | as long as short |
| Binance OPUSDT | −0.017% | −0.0019% | 8h | $20.7M | $69.0M | 75x | as long as short |
| MEXC OP_USDT | −0.001% | −0.0019% | 8h | $20.3M | $8.8M | 300x | as long as short |
| SoDEX OP-USD | −0.001% | +0.0100% | 1h | $185 | $6K | 5x | as long as short |
| Aevo OP-PERPlong | 0.000% | +0.0072% | 1h | $4K | — | 3x |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin OPUSDTM | +0.007% | +0.0100% | 8h | $2.9M | $7.4M | 75x | as long as short |
| Bitget OPUSDT | +0.007% | +0.0100% | 8h | $6.0M | $6.4M | 75x | as long as short |
| BingX OP-USDC | +0.007% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| Orderly PERP_OP_USDC | +0.007% | −0.0075% | 8h | $7K | $53K | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.007% | 0.0000% | 1h | $48K | $200K | 25x | as long as short |
| Lighter OP | +0.015% | +0.0096% | 1h | $302K | $881K | 15x | as long as short |
| Aster OPUSDT | +0.021% | +0.0100% | 8h | $214K | $465K | 10x | as long as short |
| Backpack OP_USDC_PERP | +0.039% | +0.0109% | 1h | $137K | $189K | 10x | as long as short |
| dYdX OP-USD | +0.087% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | +0.095% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| Hyperliquid OP | +0.117% | +0.0100% | 1h | $4.0M | $3.3M | 5x | as long as short |
| Kraken Futures PF_OPUSD | +0.134% | +0.0469% | 1h | $789K | $679K | 20x | as long as short |
| GMX OP/USD [OP-USDC] | +0.153% | L −0.1162% / S +0.0245% | 1h | $13K | — | 100x | as long as short |
| Reya OPRUSDPERP | +0.156% | +0.0432% | 1h | $707 | — | 20x | as long as short |
| HTX OP-USDT | +0.180% | +0.0100% | 8h | $182K | $268K | 50x | as long as short |
| edgeX OPUSDC | +0.213% | +0.0100% | 4h | $8K | $377K | 10x | as long as short |
| BloFin OP-USDT | +0.275% | +0.0100% | 8h | $1.0M | $586K | 75x | as long as short |
| ApeX Omni OPUSDT | +0.401% | +0.0100% | 1h | $46K | $712K | 50x | as long as short |
| Injective OP/USDC PERP | +0.559% | +0.0033% | 1h | $25K | $184K | 12x | as long as short |