Spread before costs (cost unknown: a leg has no order-book sample)−0.335%
7d average−0.089%if it closes, per $10,000$34funding while held, a day−$52.50
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance OPUSDT | 0.1232 | 0.0100 | pay 0.0100% / 8h | 4h 54m | $19.5M | $64.5M | 75x |
| Short | Injective OP/USDC PERP | 0.1228 | −0.1650 | pay 0.0206% / 1h | 54m 41s | $34K | $58K | 12x |
Binance OPUSDT
Injective OP/USDC PERPPrice 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
- −$33.5
- Funding while held
- −$52.5
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$96.02
- Spread needed to break even
- 0.100%
Slippage unknown: Binance: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.1750%
- Per $10,000 a day
- −$52.50
- 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, 4 min ago | 0.40 bp | 11.8 bp −$12 | 25.1 bp −$251 | 102.9 bp −$10.3K | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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.Injective0.1228cheapest
Bybit0.1232+0.301%OKX0.1232+0.309%Gate0.1232+0.309%Extended0.1232+0.310%BingX0.1232+0.326%Coinbase International0.1232+0.326%
Bybit
OKX
Gate
Extended
BingX
Coinbase InternationalBinance0.1232+0.336%
Reya0.1232+0.349%MEXC0.1233+0.375%BloFin0.1233+0.391%Lighter0.1233+0.407%KuCoin0.1233+0.407%Bitget0.1233+0.407%Backpack0.1233+0.407%Orderly0.1233+0.407%Aevo0.1233+0.414%dYdX0.1233+0.418%SoDEX0.1233+0.432%Hyperliquid0.1234+0.456%GMX0.1234+0.456%Aster0.1234+0.456%Deribit0.1234+0.489%Variational Omni0.1234+0.502%gTrade (Gains Network)0.1234+0.503%HTX0.1235+0.570%Kraken Futures0.1235+0.576%ApeX Omni0.1236+0.651%edgeX0.1237+0.773%
Reya
MEXC
BloFin
Lighter
KuCoin
Bitget
Backpack
Orderly
Aevo
dYdX
SoDEX
Hyperliquid
GMX
Aster
Deribit
Variational Omni
gTrade (Gains Network)
HTX
Kraken Futures
ApeX OmniOP on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERPshort | −0.335% | −0.1650% | 1h | $34K | $58K | 12x | |
| Bybit OPUSDT | −0.035% | +0.0100% | 8h | $18.0M | $26.5M | 75x | as long as short |
| OKX OP-USDT-SWAP | −0.027% | +0.0046% | 8h | $5.7M | $29.9M | 50x | as long as short |
| Gate OP_USDT | −0.027% | +0.0050% | 8h | $1.8M | $1.4M | 50x | as long as short |
| Extended OP-USD | −0.026% | +0.0104% | 1h | $99K | $206K | 25x | as long as short |
| BingX OP-USDC | −0.010% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| Coinbase International OP-PERP-INTX | −0.010% | −0.0312% | 1h | $21K | $67K | 50x | as long as short |
| Binance OPUSDTlong | 0.000% | +0.0100% | 8h | $19.5M | $64.5M | 75x | |
| Reya OPRUSDPERP | +0.013% | +0.0434% | 1h | $685 | — | 20x | as long as short |
| MEXC OP_USDT | +0.038% | +0.0100% | 8h | $19.5M | $7.1M | 300x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin OP-USDT | +0.055% | +0.0220% | 8h | $973K | $303K | 75x | as long as short |
| Lighter OP | +0.071% | +0.0096% | 1h | $266K | $898K | 15x | as long as short |
| KuCoin OPUSDTM | +0.071% | +0.0100% | 8h | $2.9M | $7.4M | 75x | as long as short |
| Bitget OPUSDT | +0.071% | +0.0100% | 8h | $6.0M | $6.2M | 75x | as long as short |
| Backpack OP_USDC_PERP | +0.071% | +0.0100% | 1h | $127K | $197K | 10x | as long as short |
| Orderly PERP_OP_USDC | +0.071% | −0.0026% | 8h | $6K | $53K | 10x | as long as short |
| Aevo OP-PERP | +0.078% | +0.0104% | 1h | $4K | — | 3x | as long as short |
| dYdX OP-USD | +0.082% | 0.0000% | 1h | $38K | $437 | 10x | as long as short |
| SoDEX OP-USD | +0.095% | +0.0100% | 1h | $173 | $6K | 5x | as long as short |
| Hyperliquid OP | +0.119% | +0.0100% | 1h | $3.8M | $3.1M | 5x | as long as short |
| GMX OP/USD [OP-USDC] | +0.119% | L −0.0887% / S +0.0200% | 1h | $13K | — | 100x | as long as short |
| Aster OPUSDT | +0.120% | +0.0100% | 8h | $209K | $266K | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.152% | 0.0000% | 1h | $43K | $184K | 25x | as long as short |
| Variational Omni OP | +0.166% | −0.0068% | 8h | $225K | $43K | — | as long as short |
| gTrade (Gains Network) OP/USD | +0.167% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| HTX OP-USDT | +0.233% | +0.0100% | 8h | $176K | $258K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.239% | +0.0528% | 1h | $767K | $766K | 20x | as long as short |
| ApeX Omni OPUSDT | +0.314% | +0.0100% | 1h | $44K | $720K | 50x | as long as short |
| edgeX OPUSDC | +0.436% | +0.0100% | 4h | $10K | $377K | 10x | as long as short |