Spread before costs (cost unknown: a leg has no order-book sample)+0.023%
7d average—if it closes, per $10,000$2funding while held, a day−$6.38
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo OP-PERP | 0.1242 | 0.0104 | pay 0.0013% / 1h | 42m 18s | $4K | — | 3x |
| Short | Variational Omni OP | 0.1242 | −0.0109 | pay 0.0109% / 8h | 5h 42m | $225K | $41K | — |
Aevo OP-PERP
Variational Omni OPPrice 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
- $2.26
- Funding while held
- −$6.38
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$20.11
- Spread needed to break even
- 0.160%
Slippage unknown: Aevo: no order-book sample; Variational Omni: RFQ quote, 58 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0213%
- Per $10,000 a day
- −$6.38
- 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 Variational Omni RFQ quote, 58 min ago | 8.06 bp | doesn't fit | 24.2 bp −$242 | 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.Injective0.1237cheapestCoinbase International0.1240+0.243%Bybit0.1241+0.291%BingX0.1241+0.340%BloFin0.1241+0.356%OKX0.1241+0.364%Reya0.1242+0.383%Binance0.1242+0.388%MEXC0.1242+0.388%Extended0.1242+0.399%Gate0.1242+0.404%KuCoin0.1242+0.404%Orderly0.1242+0.404%
Injective
Coinbase International
Bybit
BingX
BloFin
OKX
Reya
Binance
MEXC
Extended
Gate
KuCoin
OrderlyAevo0.1242+0.404%
SoDEX0.1242+0.420%
SoDEXVariational Omni0.1242+0.427%
Backpack0.1242+0.428%Lighter0.1242+0.445%gTrade (Gains Network)0.1243+0.446%Hyperliquid0.1243+0.461%GMX0.1243+0.461%Aster0.1243+0.467%Bitget0.1243+0.485%ApeX Omni0.1243+0.485%Deribit0.1243+0.485%edgeX0.1243+0.519%Kraken Futures0.1244+0.531%HTX0.1244+0.534%dYdX0.1244+0.550%
Backpack
Lighter
gTrade (Gains Network)
Hyperliquid
GMX
Aster
Bitget
ApeX Omni
Deribit
Kraken Futures
HTX
dYdXOP on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.403% | −0.1842% | 1h | $34K | $86K | 12x | as long as short |
| Coinbase International OP-PERP-INTX | −0.161% | −0.0336% | 1h | $21K | $69K | 50x | as long as short |
| Bybit OPUSDT | −0.113% | +0.0010% | 8h | $18.2M | $26.7M | 75x | as long as short |
| BingX OP-USDT | −0.064% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| BloFin OP-USDT | −0.048% | +0.0204% | 8h | $978K | $315K | 75x | as long as short |
| OKX OP-USDT-SWAP | −0.040% | +0.0023% | 8h | $5.7M | $30.8M | 50x | as long as short |
| Reya OPRUSDPERP | −0.021% | +0.0433% | 1h | $690 | — | 20x | as long as short |
| Binance OPUSDT | −0.016% | +0.0086% | 8h | $19.7M | $65.6M | 75x | as long as short |
| MEXC OP_USDT | −0.016% | +0.0084% | 8h | $19.6M | $7.4M | 300x | as long as short |
| Extended OP-USD | −0.005% | +0.0088% | 1h | $100K | $206K | 25x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate OP_USDT | 0.000% | +0.0078% | 8h | $1.8M | $1.4M | 50x | as long as short |
| KuCoin OPUSDTM | 0.000% | +0.0100% | 8h | $2.9M | $7.4M | 75x | as long as short |
| Orderly PERP_OP_USDC | 0.000% | −0.0046% | 8h | $6K | $54K | 10x | as long as short |
| Aevo OP-PERPlong | 0.000% | +0.0104% | 1h | $4K | — | 3x | |
| SoDEX OP-USD | +0.016% | +0.0100% | 1h | $199 | $6K | 5x | as long as short |
| Variational Omni OPshort | +0.023% | −0.0109% | 8h | $225K | $41K | — | |
| Backpack OP_USDC_PERP | +0.024% | +0.0100% | 1h | $129K | $201K | 10x | as long as short |
| Lighter OP | +0.040% | +0.0096% | 1h | $267K | $905K | 15x | as long as short |
| gTrade (Gains Network) OP/USD | +0.042% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| Hyperliquid OP | +0.056% | +0.0100% | 1h | $3.8M | $3.2M | 5x | as long as short |
| GMX OP/USD [OP-USDC] | +0.056% | L −0.1436% / S +0.0290% | 1h | $13K | — | 100x | as long as short |
| Aster OPUSDT | +0.062% | +0.0100% | 8h | $213K | $268K | 10x | as long as short |
| Bitget OPUSDT | +0.081% | +0.0100% | 8h | $6.0M | $6.2M | 75x | as long as short |
| ApeX Omni OPUSDT | +0.081% | +0.0100% | 1h | $45K | $718K | 50x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.081% | 0.0000% | 1h | $43K | $187K | 25x | as long as short |
| edgeX OPUSDC | +0.115% | +0.0100% | 4h | $9K | $380K | 10x | as long as short |
| Kraken Futures PF_OPUSD | +0.127% | +0.0542% | 1h | $770K | $785K | 20x | as long as short |
| HTX OP-USDT | +0.129% | +0.0100% | 8h | $177K | $261K | 50x | as long as short |
| dYdX OP-USD | +0.145% | 0.0000% | 1h | $38K | $10 | 10x | as long as short |