Spread before costs (cost unknown: a leg has no order-book sample)+0.136%
7d average—if it closes, per $10,000$14funding while held, a day+$11.70
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo OP-PERP | 0.1265 | 0.0080 | pay 0.0010% / 1h | 0m 17s | $4K | — | 3x |
| Short | Kraken Futures PF_OPUSD | 0.1267 | 0.0470 | get 0.0059% / 1h | 0m 17s | $786K | $677K | 20x |
Aevo OP-PERP
Kraken Futures PF_OPUSDPrice 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
- $13.65
- Funding while held
- $11.7
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$0.65
- Spread needed to break even
- 0.260%
Slippage unknown: Aevo: no order-book sample; Kraken Futures: live order book, 44 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0390%
- Per $10,000 a day
- +$11.70
- 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 Kraken Futures live order book, 44 min ago | 11.83 bp | 25.4 bp −$25 | 77.7 bp −$777 | 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 International0.1257cheapestBybit0.1263+0.509%BingX0.1264+0.573%OKX0.1264+0.589%Binance0.1264+0.591%SoDEX0.1265+0.597%Extended0.1265+0.598%Reya0.1265+0.613%Aster0.1265+0.621%KuCoin0.1265+0.636%Bitget0.1265+0.636%Backpack0.1265+0.636%Orderly0.1265+0.636%
Coinbase International
Bybit
BingX
OKX
Binance
SoDEX
Extended
Reya
Aster
KuCoin
Bitget
Backpack
OrderlyAevo0.1265+0.636%
Deribit0.1265+0.636%Gate0.1265+0.644%MEXC0.1265+0.652%Variational Omni0.1265+0.654%Lighter0.1265+0.676%BloFin0.1265+0.676%GMX0.1266+0.683%dYdX0.1266+0.710%gTrade (Gains Network)0.1266+0.716%
Deribit
Gate
MEXC
Variational Omni
Lighter
BloFin
GMX
dYdX
gTrade (Gains Network)Kraken Futures0.1267+0.774%
Hyperliquid0.1267+0.780%HTX0.1268+0.867%ApeX Omni0.1268+0.875%edgeX0.1269+0.982%Injective0.1276+1.512%
Hyperliquid
HTX
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 | −0.632% | −0.0304% | 1h | $22K | $83K | 50x | as long as short |
| Bybit OPUSDT | −0.126% | −0.0244% | 8h | $18.0M | $26.8M | 75x | as long as short |
| BingX OP-USDT | −0.063% | +0.0100% | 8h | — | $6.8M | — | as long as short |
| OKX OP-USDT-SWAP | −0.047% | +0.0017% | 8h | $6.0M | $32.7M | 50x | as long as short |
| Binance OPUSDT | −0.046% | −0.0005% | 8h | $20.6M | $67.5M | 75x | as long as short |
| SoDEX OP-USD | −0.040% | +0.0100% | 1h | $181 | $5K | 5x | as long as short |
| Extended OP-USD | −0.038% | −0.0008% | 1h | $101K | $208K | 25x | as long as short |
| Reya OPRUSDPERP | −0.024% | +0.0432% | 1h | $703 | — | 20x | as long as short |
| Aster OPUSDT | −0.016% | +0.0100% | 8h | $212K | $465K | 10x | as long as short |
| KuCoin OPUSDTM | 0.000% | +0.0100% | 8h | $2.9M | $7.4M | 75x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget OPUSDT | 0.000% | +0.0100% | 8h | $6.0M | $6.3M | 75x | as long as short |
| Backpack OP_USDC_PERP | 0.000% | +0.0100% | 1h | $135K | $188K | 10x | as long as short |
| Orderly PERP_OP_USDC | 0.000% | −0.0073% | 8h | $7K | $52K | 10x | as long as short |
| Aevo OP-PERPlong | 0.000% | +0.0080% | 1h | $4K | — | 3x | |
| Deribit OP_USDC-PERPETUAL | 0.000% | 0.0000% | 1h | $47K | $200K | 25x | as long as short |
| Gate OP_USDT | +0.008% | +0.0100% | 8h | $1.8M | $1.6M | 50x | as long as short |
| MEXC OP_USDT | +0.016% | −0.0005% | 8h | $20.1M | $8.9M | 300x | as long as short |
| Variational Omni OP | +0.017% | −0.0135% | 8h | $234K | $43K | — | as long as short |
| Lighter OP | +0.040% | +0.0096% | 1h | $283K | $900K | 15x | as long as short |
| BloFin OP-USDT | +0.040% | +0.0114% | 8h | $1.0M | $582K | 75x | as long as short |
| GMX OP/USD [OP-USDC] | +0.047% | L −0.1436% / S +0.0290% | 1h | $13K | — | 100x | as long as short |
| dYdX OP-USD | +0.073% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | +0.079% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| Kraken Futures PF_OPUSDshort | +0.136% | +0.0470% | 1h | $786K | $677K | 20x | |
| Hyperliquid OP | +0.142% | +0.0100% | 1h | $3.9M | $3.3M | 5x | as long as short |
| HTX OP-USDT | +0.229% | +0.0100% | 8h | $180K | $265K | 50x | as long as short |
| ApeX Omni OPUSDT | +0.237% | +0.0100% | 1h | $45K | $712K | 50x | as long as short |
| edgeX OPUSDC | +0.343% | +0.0100% | 4h | $10K | $379K | 10x | as long as short |
| Injective OP/USDC PERP | +0.870% | +0.0033% | 1h | $25K | $184K | 12x | as long as short |