After costs, if the gap returns to its 7d average, $10k−$268
spread now−0.203%7d average+0.012%fees + slippage, in and out−$246spread needed2.464%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX OP-USDC | 0.1281 | 0.0100 | pay 0.0100% / 8h | 1h 09m | — | $1.6M | — |
| Short | Backpack OP_USDC_PERP | 0.1278 | 0.0100 | get 0.0013% / 1h | 9m 13s | $133K | $166K | 10x |
BingX OP-USDC
Backpack 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
- −$20.3
- Funding while held
- $0
- Slippage, 4 orders
- −$226.41
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$266.71
- Spread needed to break even
- 2.464%
Slippage from BingX: live order book, 13 min ago; Backpack: live order book, 45 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 BingX live order book, 13 min ago | 11.75 bp | 103.8 bp −$104 | 856.5 bp −$8,565 | 1141.9 bp −$114.2K | doesn't fit |
| Sell Backpack live order book, 45 min ago | 1.57 bp | 10.6 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
OP price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International0.1271cheapestedgeX0.1273+0.180%Variational Omni0.1274+0.226%Injective0.1276+0.393%ApeX Omni0.1278+0.551%
Coinbase International
Variational Omni
Injective
ApeX OmniBackpack0.1278+0.582%
dYdX0.1279+0.606%Aster0.1280+0.704%Extended0.1280+0.720%OKX0.1281+0.755%Reya0.1281+0.765%Aevo0.1281+0.767%Bybit0.1281+0.779%Bitget0.1281+0.787%
dYdX
Aster
Extended
OKX
Reya
Aevo
Bybit
BitgetBingX0.1281+0.787%
Orderly0.1281+0.787%SoDEX0.1281+0.795%MEXC0.1281+0.803%Binance0.1281+0.810%gTrade (Gains Network)0.1281+0.821%GMX0.1282+0.839%Gate0.1282+0.865%KuCoin0.1282+0.865%Deribit0.1282+0.865%HTX0.1282+0.865%Kraken Futures0.1282+0.869%Hyperliquid0.1282+0.873%BloFin0.1282+0.881%Lighter0.1283+0.968%
Orderly
SoDEX
MEXC
Binance
gTrade (Gains Network)
GMX
Gate
KuCoin
Deribit
HTX
Kraken Futures
Hyperliquid
BloFin
LighterOP 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 | −0.781% | −0.0328% | 1h | $27K | $84K | 50x | as long as short |
| edgeX OPUSDC | −0.602% | +0.0100% | 4h | $10K | $414K | 10x | as long as short |
| Variational Omni OP | −0.556% | −0.0065% | 8h | $235K | $45K | — | as long as short |
| Injective OP/USDC PERP | −0.390% | +0.0033% | 1h | $25K | $238K | 12x | as long as short |
| ApeX Omni OPUSDT | −0.234% | +0.0100% | 1h | $46K | $712K | 50x | as long as short |
| Backpack OP_USDC_PERPshort | −0.203% | +0.0100% | 1h | $133K | $166K | 10x | |
| dYdX OP-USD | −0.180% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| Aster OPUSDT | −0.082% | +0.0100% | 8h | $202K | $433K | 10x | as long as short |
| Extended OP-USD | −0.066% | −0.0136% | 1h | $102K | $214K | 25x | as long as short |
| OKX OP-USDT-SWAP | −0.031% | +0.0063% | 8h | $6.1M | $32.6M | 50x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya OPRUSDPERP | −0.021% | +0.0430% | 1h | $712 | — | 20x | as long as short |
| Aevo OP-PERP | −0.020% | +0.0048% | 1h | $4K | — | 3x | as long as short |
| Bybit OPUSDT | −0.008% | +0.0011% | 8h | $18.0M | $27.3M | 75x | as long as short |
| Bitget OPUSDT | 0.000% | +0.0100% | 8h | $6.0M | $6.1M | 75x | as long as short |
| BingX OP-USDClong | 0.000% | +0.0100% | 8h | — | $1.6M | — | |
| Orderly PERP_OP_USDC | 0.000% | −0.0080% | 8h | $7K | $53K | 10x | as long as short |
| SoDEX OP-USD | +0.008% | +0.0100% | 1h | $178 | $5K | 5x | as long as short |
| MEXC OP_USDT | +0.016% | −0.0137% | 8h | $20.2M | $8.9M | 300x | as long as short |
| Binance OPUSDT | +0.023% | −0.0136% | 8h | $20.9M | $65.4M | 75x | as long as short |
| gTrade (Gains Network) OP/USD | +0.034% | L +0.0005% / S −0.0004% | 1h | $1K | — | 150x | as long as short |
| GMX OP/USD [OP-USDC] | +0.052% | L −0.1469% / S +0.0291% | 1h | $13K | — | 100x | as long as short |
| Gate OP_USDT | +0.078% | +0.0100% | 8h | $1.8M | $1.7M | 50x | as long as short |
| KuCoin OPUSDTM | +0.078% | +0.0100% | 8h | $2.9M | $6.8M | 75x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.078% | 0.0000% | 1h | $48K | $199K | 25x | as long as short |
| HTX OP-USDT | +0.078% | +0.0100% | 8h | $192K | $244K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.082% | +0.0141% | 1h | $790K | $660K | 20x | as long as short |
| Hyperliquid OP | +0.086% | +0.0100% | 1h | $4.1M | $3.1M | 5x | as long as short |
| BloFin OP-USDT | +0.094% | −0.0016% | 8h | $1.0M | $585K | 75x | as long as short |
| Lighter OP | +0.180% | +0.0096% | 1h | $373K | $754K | 15x | as long as short |