After costs, if the gap returns to its 7d average, $10k−$217
spread now+0.154%7d average+0.024%fees + slippage, in and out−$230spread needed2.297%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX OP-USDC | 0.1298 | 0.0100 | pay 0.0100% / 8h | 2h 40m | — | $1.6M | — |
| Short | Hyperliquid OP | 0.1300 | 0.0287 | get 0.0036% / 1h | 40m 53s | $4.2M | $2.9M | 5x |
BingX OP-USDC
Hyperliquid OPPrice 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
- $15.41
- Funding while held
- $5.6
- Slippage, 4 orders
- −$210.67
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$208.65
- Spread needed to break even
- 2.297%
Slippage from BingX: live order book, 12 min ago; Hyperliquid: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0187%
- Per $10,000 a day
- +$5.60
- 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, 12 min ago | 7.66 bp | 103.8 bp −$104 | 828.3 bp −$8,283 | 1138.7 bp −$113.9K | doesn't fit |
| Sell Hyperliquid live order book, 2 min ago | 1.54 bp | 11.6 bp −$12 | 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 International0.1295cheapestVariational Omni0.1296+0.045%ApeX Omni0.1296+0.077%edgeX0.1297+0.132%Injective0.1297+0.154%Extended0.1298+0.221%Bybit0.1298+0.224%Bitget0.1298+0.232%
Coinbase International
Variational Omni
ApeX Omni
Injective
Extended
Bybit
BitgetBingX0.1298+0.232%
Orderly0.1298+0.232%Aevo0.1298+0.232%Reya0.1298+0.235%OKX0.1298+0.247%HTX0.1298+0.247%dYdX0.1298+0.265%SoDEX0.1298+0.270%Aster0.1299+0.282%Binance0.1299+0.292%Gate0.1299+0.309%KuCoin0.1299+0.309%gTrade (Gains Network)0.1299+0.309%MEXC0.1299+0.317%BloFin0.1299+0.317%GMX0.1299+0.318%Backpack0.1299+0.324%
Orderly
Aevo
Reya
OKX
HTX
dYdX
SoDEX
Aster
Binance
Gate
KuCoin
gTrade (Gains Network)
MEXC
BloFin
GMX
BackpackHyperliquid0.1300+0.386%
Deribit0.1300+0.386%Lighter0.1300+0.394%Kraken Futures0.1301+0.427%
Deribit
Lighter
Kraken FuturesOP 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 | −0.231% | −0.0416% | 1h | $28K | $97K | 50x | as long as short |
| Variational Omni OP | −0.186% | −0.0056% | 8h | $235K | $36K | — | as long as short |
| ApeX Omni OPUSDT | −0.154% | +0.0100% | 1h | $46K | $703K | 50x | as long as short |
| edgeX OPUSDC | −0.100% | +0.0100% | 4h | $4K | $406K | 10x | as long as short |
| Injective OP/USDC PERP | −0.077% | +0.0033% | 1h | $25K | $185K | 12x | as long as short |
| Extended OP-USD | −0.011% | −0.0104% | 1h | $105K | $208K | 25x | as long as short |
| Bybit OPUSDT | −0.008% | +0.0021% | 8h | $18.2M | $26.2M | 75x | as long as short |
| Bitget OPUSDT | 0.000% | +0.0100% | 8h | $6.1M | $5.7M | 75x | as long as short |
| BingX OP-USDClong | 0.000% | +0.0100% | 8h | — | $1.6M | — | |
| Orderly PERP_OP_USDC | 0.000% | −0.0055% | 8h | $7K | $51K | 10x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo OP-PERP | 0.000% | +0.0056% | 1h | $4K | — | 3x | as long as short |
| Reya OPRUSDPERP | +0.004% | +0.0429% | 1h | $722 | — | 20x | as long as short |
| OKX OP-USDT-SWAP | +0.015% | +0.0069% | 8h | $6.2M | $31.2M | 50x | as long as short |
| HTX OP-USDT | +0.015% | +0.0100% | 8h | $190K | $211K | 50x | as long as short |
| dYdX OP-USD | +0.033% | 0.0000% | 1h | $40K | $10 | 10x | as long as short |
| SoDEX OP-USD | +0.039% | +0.0100% | 1h | $181 | $5K | 5x | as long as short |
| Aster OPUSDT | +0.050% | +0.0100% | 8h | $201K | $418K | 10x | as long as short |
| Binance OPUSDT | +0.060% | −0.0106% | 8h | $21.1M | $61.4M | 75x | as long as short |
| Gate OP_USDT | +0.077% | +0.0100% | 8h | $1.8M | $1.7M | 50x | as long as short |
| KuCoin OPUSDTM | +0.077% | +0.0100% | 8h | $3.0M | $6.4M | 75x | as long as short |
| gTrade (Gains Network) OP/USD | +0.077% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| MEXC OP_USDT | +0.085% | −0.0105% | 8h | $20.1M | $8.6M | 300x | as long as short |
| BloFin OP-USDT | +0.085% | +0.0014% | 8h | $1.1M | $574K | 75x | as long as short |
| GMX OP/USD [OP-USDC] | +0.086% | L −0.1208% / S +0.0249% | 1h | $14K | — | 100x | as long as short |
| Backpack OP_USDC_PERP | +0.092% | +0.0100% | 1h | $136K | $152K | 10x | as long as short |
| Hyperliquid OPshort | +0.154% | +0.0287% | 1h | $4.2M | $2.9M | 5x | |
| Deribit OP_USDC-PERPETUAL | +0.154% | 0.0000% | 1h | $44K | $188K | 25x | as long as short |
| Lighter OP | +0.162% | +0.0096% | 1h | $300K | $333K | 15x | as long as short |
| Kraken Futures PF_OPUSD | +0.195% | +0.0231% | 1h | $805K | $636K | 20x | as long as short |