Spread before costs (cost unknown: a leg has no order-book sample)+0.206%
7d average—if it closes, per $10,000$21funding while held, a day−$11.72
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni OPUSDT | 0.1260 | 0.0100 | pay 0.0013% / 1h | 52m 58s | $45K | $714K | 50x |
| Short | GMX OP/USD [OP-USDC] | 0.1263 | L −0.1440% / S +0.0291% | pay 0.0036% / 1h | 52m 58s | $13K | — | 100x |
ApeX Omni OPUSDT
GMX OP/USD [OP-USDC]Price 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
- $20.56
- Funding while held
- −$11.72
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$13.16
- Spread needed to break even
- 0.220%
Slippage unknown: ApeX Omni: live order book, 57 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0391%
- Per $10,000 a day
- −$11.72
- 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 ApeX Omni live order book, 57 min ago | 11.76 bp | 20.9 bp −$21 | 126.2 bp −$1,262 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 International0.1248cheapestBybit0.1259+0.913%OKX0.1260+0.921%
Coinbase International
Bybit
OKXApeX Omni0.1260+0.962%
Extended0.1260+0.996%BingX0.1260+1.002%edgeX0.1261+1.024%KuCoin0.1261+1.042%Bitget0.1261+1.042%Gate0.1261+1.074%Binance0.1261+1.082%MEXC0.1262+1.082%dYdX0.1262+1.122%Orderly0.1262+1.122%Aster0.1262+1.132%Backpack0.1262+1.138%BloFin0.1262+1.146%SoDEX0.1263+1.162%Reya0.1263+1.163%gTrade (Gains Network)0.1263+1.167%
Extended
BingX
KuCoin
Bitget
Gate
Binance
MEXC
dYdX
Orderly
Aster
Backpack
BloFin
SoDEX
Reya
gTrade (Gains Network)GMX0.1263+1.169%
Aevo0.1263+1.170%Lighter0.1263+1.178%HTX0.1263+1.186%Deribit0.1263+1.202%Hyperliquid0.1263+1.210%Variational Omni0.1263+1.213%Kraken Futures0.1263+1.223%Injective0.1276+2.244%
Aevo
Lighter
HTX
Deribit
Hyperliquid
Variational Omni
Kraken Futures
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 | −0.952% | −0.0304% | 1h | $22K | $90K | 50x | as long as short |
| Bybit OPUSDT | −0.048% | −0.0119% | 8h | $17.8M | $28.0M | 75x | as long as short |
| OKX OP-USDT-SWAP | −0.040% | +0.0038% | 8h | $6.0M | $33.3M | 50x | as long as short |
| ApeX Omni OPUSDTlong | 0.000% | +0.0100% | 1h | $45K | $714K | 50x | |
| Extended OP-USD | +0.034% | −0.0056% | 1h | $101K | $212K | 25x | as long as short |
| BingX OP-USDT | +0.040% | +0.0100% | 8h | — | $6.9M | — | as long as short |
| edgeX OPUSDC | +0.061% | +0.0100% | 4h | $8K | $379K | 10x | as long as short |
| KuCoin OPUSDTM | +0.079% | +0.0100% | 8h | $2.9M | $7.4M | 75x | as long as short |
| Bitget OPUSDT | +0.079% | +0.0100% | 8h | $6.0M | $6.5M | 75x | as long as short |
| Gate OP_USDT | +0.111% | +0.0100% | 8h | $1.8M | $1.6M | 50x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance OPUSDT | +0.119% | −0.0059% | 8h | $21.0M | $69.3M | 75x | as long as short |
| MEXC OP_USDT | +0.119% | −0.0059% | 8h | $20.2M | $8.7M | 300x | as long as short |
| dYdX OP-USD | +0.159% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| Orderly PERP_OP_USDC | +0.159% | −0.0077% | 8h | $6K | $54K | 10x | as long as short |
| Aster OPUSDT | +0.169% | +0.0100% | 8h | $214K | $470K | 10x | as long as short |
| Backpack OP_USDC_PERP | +0.175% | +0.0100% | 1h | $138K | $181K | 10x | as long as short |
| BloFin OP-USDT | +0.183% | +0.0061% | 8h | $1.0M | $582K | 75x | as long as short |
| SoDEX OP-USD | +0.198% | +0.0100% | 1h | $187 | $5K | 5x | as long as short |
| Reya OPRUSDPERP | +0.199% | +0.0431% | 1h | $702 | — | 20x | as long as short |
| gTrade (Gains Network) OP/USD | +0.203% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| GMX OP/USD [OP-USDC]short | +0.206% | L −0.1440% / S +0.0291% | 1h | $13K | — | 100x | |
| Aevo OP-PERP | +0.206% | +0.0064% | 1h | $4K | — | 3x | as long as short |
| Lighter OP | +0.214% | +0.0096% | 1h | $283K | $827K | 15x | as long as short |
| HTX OP-USDT | +0.222% | +0.0100% | 8h | $181K | $275K | 50x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.238% | 0.0000% | 1h | $47K | $200K | 25x | as long as short |
| Hyperliquid OP | +0.246% | +0.0100% | 1h | $3.9M | $3.3M | 5x | as long as short |
| Variational Omni OP | +0.249% | −0.0078% | 8h | $232K | $46K | — | as long as short |
| Kraken Futures PF_OPUSD | +0.259% | +0.0471% | 1h | $783K | $677K | 20x | as long as short |
| Injective OP/USDC PERP | +1.270% | +0.0033% | 1h | $25K | $184K | 12x | as long as short |