After costs, if the gap returns to its 7d average, $10k−$37
spread now−0.113%7d average−0.004%fees + slippage, in and out−$26spread needed0.262%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack OP_USDC_PERP | 0.1236 | 0.0100 | pay 0.0013% / 1h | 56m 34s | $127K | $197K | 10x |
| Short | MEXC OP_USDT | 0.1234 | 0.0100 | get 0.0100% / 8h | 4h 56m | $19.5M | $7.1M | 300x |
Backpack OP_USDC_PERP
MEXC OP_USDTPrice 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
- −$11.33
- Funding while held
- $0
- Slippage, 4 orders
- −$16.23
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$37.56
- Spread needed to break even
- 0.262%
Slippage from Backpack: live order book, 38 min ago; MEXC: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 Backpack live order book, 38 min ago | 0.40 bp | 14.4 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.40 bp | 1.9 bp −$2 | 10.0 bp −$100 | 44.7 bp −$4,472 | 109.4 bp −$54.7K |
OP price on every exchange
against the cheapest. Click to use as the short leg.Injective0.1230cheapestCoinbase International0.1230cheapestBybit0.1232+0.179%OKX0.1233+0.228%BingX0.1233+0.244%Gate0.1233+0.252%Binance0.1233+0.254%Extended0.1233+0.257%Reya0.1234+0.288%KuCoin0.1234+0.325%Bitget0.1234+0.325%Lighter0.1234+0.350%
Injective
Coinbase International
Bybit
OKX
BingX
Gate
Binance
Extended
Reya
KuCoin
Bitget
LighterMEXC0.1234+0.350%
BloFin0.1234+0.358%Aster0.1235+0.382%dYdX0.1235+0.385%Orderly0.1235+0.407%Deribit0.1235+0.407%HTX0.1235+0.439%SoDEX0.1235+0.447%Aevo0.1236+0.452%GMX0.1236+0.459%
BloFin
Aster
dYdX
Orderly
Deribit
HTX
SoDEX
Aevo
GMXBackpack0.1236+0.463%
Hyperliquid0.1236+0.472%gTrade (Gains Network)0.1236+0.502%Kraken Futures0.1237+0.592%edgeX0.1237+0.610%ApeX Omni0.1238+0.650%Variational Omni0.1239+0.722%
Hyperliquid
gTrade (Gains Network)
Kraken Futures
ApeX Omni
Variational 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 | −0.461% | −0.1650% | 1h | $34K | $58K | 12x | as long as short |
| Coinbase International OP-PERP-INTX | −0.461% | −0.0312% | 1h | $21K | $66K | 50x | as long as short |
| Bybit OPUSDT | −0.283% | +0.0099% | 8h | $18.0M | $26.5M | 75x | as long as short |
| OKX OP-USDT-SWAP | −0.235% | +0.0046% | 8h | $5.7M | $30.0M | 50x | as long as short |
| BingX OP-USDC | −0.218% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| Gate OP_USDT | −0.210% | +0.0048% | 8h | $1.8M | $1.4M | 50x | as long as short |
| Binance OPUSDT | −0.209% | +0.0100% | 8h | $19.5M | $64.5M | 75x | as long as short |
| Extended OP-USD | −0.205% | +0.0104% | 1h | $99K | $206K | 25x | as long as short |
| Reya OPRUSDPERP | −0.175% | +0.0434% | 1h | $686 | — | 20x | as long as short |
| KuCoin OPUSDTM | −0.138% | +0.0100% | 8h | $3.0M | $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 | −0.138% | +0.0100% | 8h | $6.0M | $6.2M | 75x | as long as short |
| Lighter OP | −0.113% | +0.0096% | 1h | $266K | $898K | 15x | as long as short |
| MEXC OP_USDTshort | −0.113% | +0.0100% | 8h | $19.5M | $7.1M | 300x | |
| BloFin OP-USDT | −0.105% | +0.0220% | 8h | $975K | $303K | 75x | as long as short |
| Aster OPUSDT | −0.081% | +0.0100% | 8h | $209K | $266K | 10x | as long as short |
| dYdX OP-USD | −0.078% | 0.0000% | 1h | $38K | $437 | 10x | as long as short |
| Orderly PERP_OP_USDC | −0.057% | −0.0026% | 8h | $6K | $53K | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.057% | −0.0559% | 1h | $43K | $184K | 25x | as long as short |
| HTX OP-USDT | −0.024% | +0.0100% | 8h | $176K | $258K | 50x | as long as short |
| SoDEX OP-USD | −0.016% | +0.0100% | 1h | $172 | $6K | 5x | as long as short |
| Aevo OP-PERP | −0.011% | +0.0104% | 1h | $4K | — | 3x | as long as short |
| GMX OP/USD [OP-USDC] | −0.004% | L −0.0887% / S +0.0200% | 1h | $13K | — | 100x | as long as short |
| Backpack OP_USDC_PERPlong | 0.000% | +0.0100% | 1h | $127K | $197K | 10x | |
| Hyperliquid OP | +0.008% | +0.0100% | 1h | $3.8M | $3.1M | 5x | as long as short |
| gTrade (Gains Network) OP/USD | +0.039% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| Kraken Futures PF_OPUSD | +0.128% | +0.0527% | 1h | $769K | $769K | 20x | as long as short |
| edgeX OPUSDC | +0.146% | +0.0100% | 4h | $10K | $377K | 10x | as long as short |
| ApeX Omni OPUSDT | +0.186% | +0.0100% | 1h | $44K | $719K | 50x | as long as short |
| Variational Omni OP | +0.257% | −0.0072% | 8h | $226K | $43K | — | as long as short |