After costs, if the gap returns to its 7d average, $10k−$84
spread now−0.188%7d average+0.042%fees + slippage, in and out−$61spread needed0.613%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance OPUSDT | 0.1263 | −0.0076 | get 0.0076% / 8h | 3m 30s | $21.0M | $69.3M | 75x |
| Short | ApeX Omni OPUSDT | 0.1261 | 0.0100 | get 0.0013% / 1h | 3m 30s | $45K | $713K | 50x |
Binance OPUSDT
ApeX Omni OPUSDTPrice 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
- −$18.83
- Funding while held
- $5.28
- Slippage, 4 orders
- −$41.26
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$74.82
- Spread needed to break even
- 0.613%
Slippage from Binance: live order book, 10 min ago; ApeX Omni: live order book, 47 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0176%
- Per $10,000 a day
- +$5.28
- 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 Binance live order book, 10 min ago | 0.40 bp | 9.9 bp −$10 | 20.5 bp −$205 | 98.0 bp −$9,799 | doesn't fit |
| Sell ApeX Omni live order book, 47 min ago | 11.76 bp | 21.5 bp −$22 | 122.2 bp −$1,222 | doesn't fit | doesn't fit |
OP price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International0.1248cheapest
Coinbase InternationalApeX Omni0.1261+1.042%
Variational Omni0.1262+1.105%BloFin0.1262+1.138%edgeX0.1262+1.138%Bybit0.1263+1.162%BingX0.1263+1.194%MEXC0.1263+1.202%KuCoin0.1263+1.202%Deribit0.1263+1.202%Extended0.1263+1.214%OKX0.1263+1.226%SoDEX0.1263+1.226%
Variational Omni
BloFin
Bybit
BingX
MEXC
KuCoin
Deribit
Extended
OKX
SoDEXBinance0.1263+1.232%
HTX0.1263+1.234%Aevo0.1264+1.245%Aster0.1264+1.253%Gate0.1264+1.258%GMX0.1264+1.262%Reya0.1264+1.262%gTrade (Gains Network)0.1264+1.279%dYdX0.1264+1.282%Backpack0.1264+1.282%Orderly0.1264+1.282%Lighter0.1264+1.290%Hyperliquid0.1265+1.322%Kraken Futures0.1265+1.345%Bitget0.1265+1.362%Injective0.1276+2.244%
HTX
Aevo
Aster
Gate
GMX
Reya
gTrade (Gains Network)
dYdX
Backpack
Orderly
Lighter
Hyperliquid
Kraken Futures
Bitget
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 | −1.217% | −0.0296% | 1h | $22K | $90K | 50x | as long as short |
| ApeX Omni OPUSDTshort | −0.188% | +0.0100% | 1h | $45K | $713K | 50x | |
| Variational Omni OP | −0.126% | −0.0077% | 8h | $232K | $46K | — | as long as short |
| BloFin OP-USDT | −0.093% | +0.0041% | 8h | $1.1M | $585K | 75x | as long as short |
| edgeX OPUSDC | −0.093% | +0.0100% | 4h | $8K | $380K | 10x | as long as short |
| Bybit OPUSDT | −0.070% | +0.0025% | 8h | $17.8M | $28.1M | 75x | as long as short |
| BingX OP-USDT | −0.038% | +0.0100% | 8h | — | $7.0M | — | as long as short |
| MEXC OP_USDT | −0.030% | −0.0078% | 8h | $20.0M | $8.8M | 300x | as long as short |
| KuCoin OPUSDTM | −0.030% | +0.0100% | 8h | $2.9M | $7.3M | 75x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.030% | 0.0000% | 1h | $47K | $200K | 25x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended OP-USD | −0.018% | −0.0080% | 1h | $101K | $212K | 25x | as long as short |
| OKX OP-USDT-SWAP | −0.006% | +0.0035% | 8h | $6.0M | $33.5M | 50x | as long as short |
| SoDEX OP-USD | −0.006% | +0.0100% | 1h | $196 | $5K | 5x | as long as short |
| Binance OPUSDTlong | 0.000% | −0.0076% | 8h | $21.0M | $69.3M | 75x | |
| HTX OP-USDT | +0.002% | +0.0100% | 8h | $181K | $277K | 50x | as long as short |
| Aevo OP-PERP | +0.013% | +0.0064% | 1h | $4K | — | 3x | as long as short |
| Aster OPUSDT | +0.020% | +0.0100% | 8h | $213K | $470K | 10x | as long as short |
| Gate OP_USDT | +0.025% | +0.0100% | 8h | $1.8M | $1.8M | 50x | as long as short |
| GMX OP/USD [OP-USDC] | +0.029% | L −0.1440% / S +0.0291% | 1h | $13K | — | 100x | as long as short |
| Reya OPRUSDPERP | +0.030% | +0.0431% | 1h | $703 | — | 20x | as long as short |
| gTrade (Gains Network) OP/USD | +0.046% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| dYdX OP-USD | +0.049% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| Backpack OP_USDC_PERP | +0.049% | +0.0100% | 1h | $136K | $182K | 10x | as long as short |
| Orderly PERP_OP_USDC | +0.049% | −0.0077% | 8h | $7K | $54K | 10x | as long as short |
| Lighter OP | +0.057% | +0.0096% | 1h | $295K | $837K | 15x | as long as short |
| Hyperliquid OP | +0.089% | +0.0100% | 1h | $3.9M | $3.3M | 5x | as long as short |
| Kraken Futures PF_OPUSD | +0.112% | +0.0242% | 1h | $784K | $671K | 20x | as long as short |
| Bitget OPUSDT | +0.128% | +0.0100% | 8h | $6.0M | $6.5M | 75x | as long as short |
| Injective OP/USDC PERP | +0.999% | +0.0248% | 1h | $25K | $184K | 12x | as long as short |