Spread before costs (cost unknown: a leg has no order-book sample)−0.158%
7d average—if it closes, per $10,000$16funding while held, a day−$5.30
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni OPUSDT | 0.1262 | 0.0100 | pay 0.0013% / 1h | 58m 41s | $45K | $712K | 50x |
| Short | Orderly PERP_OP_USDC | 0.1260 | −0.0077 | pay 0.0077% / 8h | 7h 58m | $7K | $53K | 10x |
ApeX Omni OPUSDT
Orderly PERP_OP_USDCPrice 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
- −$15.85
- Funding while held
- −$5.3
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$37.15
- Spread needed to break even
- 0.160%
Slippage unknown: ApeX Omni: live order book, 51 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0177%
- Per $10,000 a day
- −$5.30
- 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, 51 min ago | 11.76 bp | 20.9 bp −$21 | 126.2 bp −$1,262 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 International0.1248cheapestAster0.1260+0.941%Bitget0.1260+0.962%
Coinbase International
Aster
BitgetOrderly0.1260+0.962%
Reya0.1260+0.962%Aevo0.1260+0.991%Backpack0.1260+0.994%Bybit0.1260+1.002%SoDEX0.1260+1.002%GMX0.1261+1.014%gTrade (Gains Network)0.1261+1.042%Deribit0.1261+1.042%BloFin0.1261+1.042%dYdX0.1261+1.050%OKX0.1261+1.058%Variational Omni0.1261+1.062%Gate0.1262+1.090%BingX0.1262+1.090%Binance0.1262+1.097%edgeX0.1262+1.103%Hyperliquid0.1262+1.106%HTX0.1262+1.106%Kraken Futures0.1262+1.115%Lighter0.1262+1.122%KuCoin0.1262+1.122%
Reya
Aevo
Backpack
Bybit
SoDEX
GMX
gTrade (Gains Network)
Deribit
BloFin
dYdX
OKX
Variational Omni
Gate
BingX
Binance
Hyperliquid
HTX
Kraken Futures
Lighter
KuCoinApeX Omni0.1262+1.122%
Extended0.1262+1.138%MEXC0.1262+1.154%Injective0.1276+2.244%
Extended
MEXC
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 | −1.109% | −0.0304% | 1h | $22K | $90K | 50x | as long as short |
| Aster OPUSDT | −0.179% | +0.0100% | 8h | $213K | $470K | 10x | as long as short |
| Bitget OPUSDT | −0.158% | +0.0100% | 8h | $5.9M | $6.6M | 75x | as long as short |
| Orderly PERP_OP_USDCshort | −0.158% | −0.0077% | 8h | $7K | $53K | 10x | |
| Reya OPRUSDPERP | −0.158% | +0.0431% | 1h | $701 | — | 20x | as long as short |
| Aevo OP-PERP | −0.129% | +0.0064% | 1h | $4K | — | 3x | as long as short |
| Backpack OP_USDC_PERP | −0.127% | +0.0100% | 1h | $137K | $183K | 10x | as long as short |
| Bybit OPUSDT | −0.119% | +0.0100% | 8h | $17.8M | $28.1M | 75x | as long as short |
| SoDEX OP-USD | −0.119% | +0.0100% | 1h | $190 | $5K | 5x | as long as short |
| GMX OP/USD [OP-USDC] | −0.107% | L −0.1440% / S +0.0291% | 1h | $13K | — | 100x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) OP/USD | −0.079% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.079% | 0.0000% | 1h | $47K | $200K | 25x | as long as short |
| BloFin OP-USDT | −0.079% | +0.0052% | 8h | $1.1M | $583K | 75x | as long as short |
| dYdX OP-USD | −0.071% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| OKX OP-USDT-SWAP | −0.063% | +0.0035% | 8h | $6.0M | $33.4M | 50x | as long as short |
| Variational Omni OP | −0.059% | −0.0079% | 8h | $233K | $46K | — | as long as short |
| Gate OP_USDT | −0.032% | +0.0100% | 8h | $1.8M | $1.6M | 50x | as long as short |
| BingX OP-USDT | −0.032% | +0.0100% | 8h | — | $6.8M | — | as long as short |
| Binance OPUSDT | −0.025% | −0.0067% | 8h | $21.0M | $69.3M | 75x | as long as short |
| edgeX OPUSDC | −0.018% | +0.0100% | 4h | $8K | $381K | 10x | as long as short |
| Hyperliquid OP | −0.016% | +0.0100% | 1h | $3.9M | $3.3M | 5x | as long as short |
| HTX OP-USDT | −0.016% | +0.0100% | 8h | $181K | $277K | 50x | as long as short |
| Kraken Futures PF_OPUSD | −0.007% | +0.0472% | 1h | $782K | $671K | 20x | as long as short |
| Lighter OP | 0.000% | +0.0096% | 1h | $295K | $807K | 15x | as long as short |
| KuCoin OPUSDTM | 0.000% | +0.0100% | 8h | $2.9M | $7.4M | 75x | as long as short |
| ApeX Omni OPUSDTlong | 0.000% | +0.0100% | 1h | $45K | $712K | 50x | |
| Extended OP-USD | +0.016% | −0.0064% | 1h | $101K | $212K | 25x | as long as short |
| MEXC OP_USDT | +0.032% | −0.0067% | 8h | $20.2M | $8.6M | 300x | as long as short |
| Injective OP/USDC PERP | +1.109% | +0.0033% | 1h | $25K | $184K | 12x | as long as short |