Spread before costs (cost unknown: a leg has no order-book sample)−0.273%
7d average—if it closes, per $10,000$27funding while held, a day−$13.20
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo OP-PERP | 0.1236 | 0.0104 | pay 0.0013% / 1h | 33m 50s | $4K | — | 3x |
| Short | Coinbase International OP-PERP-INTX | 0.1233 | −0.0336 | pay 0.0042% / 1h | 33m 50s | $21K | $69K | 50x |
Aevo OP-PERP
Coinbase International OP-PERP-INTXPrice 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
- −$27.34
- Funding while held
- −$13.2
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$66.54
- Spread needed to break even
- 0.260%
Slippage unknown: Aevo: no order-book sample; Coinbase International: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0440%
- Per $10,000 a day
- −$13.20
- 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 Coinbase International no order-book sample | — | — | — | — | — |
Aevo and Coinbase International: 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.Injective0.1230cheapest
InjectiveCoinbase International0.1233+0.244%
Bybit0.1235+0.415%OKX0.1235+0.439%Gate0.1235+0.439%BingX0.1235+0.447%BloFin0.1235+0.447%Extended0.1236+0.455%MEXC0.1236+0.463%Binance0.1236+0.472%SoDEX0.1236+0.480%KuCoin0.1236+0.488%Bitget0.1236+0.488%Orderly0.1236+0.488%Variational Omni0.1236+0.495%dYdX0.1236+0.512%Reya0.1236+0.515%
Bybit
OKX
Gate
BingX
BloFin
Extended
MEXC
Binance
SoDEX
KuCoin
Bitget
Orderly
Variational Omni
dYdX
ReyaAevo0.1236+0.519%
Backpack0.1236+0.520%gTrade (Gains Network)0.1236+0.528%GMX0.1237+0.541%Hyperliquid0.1237+0.545%Lighter0.1237+0.545%Deribit0.1237+0.569%Aster0.1237+0.576%Kraken Futures0.1237+0.587%HTX0.1237+0.593%edgeX0.1238+0.616%ApeX Omni0.1238+0.650%
Backpack
gTrade (Gains Network)
GMX
Hyperliquid
Lighter
Deribit
Aster
Kraken Futures
HTX
ApeX OmniOP on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.516% | −0.1842% | 1h | $34K | $86K | 12x | as long as short |
| Coinbase International OP-PERP-INTXshort | −0.273% | −0.0336% | 1h | $21K | $69K | 50x | |
| Bybit OPUSDT | −0.104% | +0.0015% | 8h | $18.1M | $26.7M | 75x | as long as short |
| OKX OP-USDT-SWAP | −0.079% | +0.0020% | 8h | $5.6M | $30.4M | 50x | as long as short |
| Gate OP_USDT | −0.079% | +0.0054% | 8h | $1.8M | $1.5M | 50x | as long as short |
| BingX OP-USDT | −0.071% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| BloFin OP-USDT | −0.071% | +0.0206% | 8h | $982K | $314K | 75x | as long as short |
| Extended OP-USD | −0.064% | +0.0088% | 1h | $99K | $206K | 25x | as long as short |
| MEXC OP_USDT | −0.055% | +0.0086% | 8h | $19.5M | $7.4M | 300x | as long as short |
| Binance OPUSDT | −0.047% | +0.0086% | 8h | $19.6M | $65.6M | 75x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX OP-USD | −0.039% | +0.0100% | 1h | $201 | $6K | 5x | as long as short |
| KuCoin OPUSDTM | −0.031% | +0.0100% | 8h | $2.9M | $7.4M | 75x | as long as short |
| Bitget OPUSDT | −0.031% | +0.0100% | 8h | $6.0M | $6.2M | 75x | as long as short |
| Orderly PERP_OP_USDC | −0.031% | −0.0043% | 8h | $6K | $54K | 10x | as long as short |
| Variational Omni OP | −0.023% | −0.0113% | 8h | $224K | $41K | — | as long as short |
| dYdX OP-USD | −0.006% | 0.0000% | 1h | $38K | $10 | 10x | as long as short |
| Reya OPRUSDPERP | −0.003% | +0.0433% | 1h | $687 | — | 20x | as long as short |
| Aevo OP-PERPlong | 0.000% | +0.0104% | 1h | $4K | — | 3x | |
| Backpack OP_USDC_PERP | +0.002% | +0.0100% | 1h | $127K | $199K | 10x | as long as short |
| gTrade (Gains Network) OP/USD | +0.010% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| GMX OP/USD [OP-USDC] | +0.022% | L −0.1162% / S +0.0245% | 1h | $13K | — | 100x | as long as short |
| Hyperliquid OP | +0.026% | +0.0100% | 1h | $3.8M | $3.1M | 5x | as long as short |
| Lighter OP | +0.026% | +0.0096% | 1h | $266K | $905K | 15x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.050% | +0.0559% | 1h | $43K | $186K | 25x | as long as short |
| Aster OPUSDT | +0.057% | +0.0100% | 8h | $212K | $268K | 10x | as long as short |
| Kraken Futures PF_OPUSD | +0.068% | +0.0545% | 1h | $768K | $788K | 20x | as long as short |
| HTX OP-USDT | +0.074% | +0.0100% | 8h | $176K | $260K | 50x | as long as short |
| edgeX OPUSDC | +0.097% | +0.0100% | 4h | $9K | $378K | 10x | as long as short |
| ApeX Omni OPUSDT | +0.131% | +0.0100% | 1h | $44K | $719K | 50x | as long as short |