Spread before costs (cost unknown: a leg has no order-book sample)+0.004%
7d average—if it closes, per $10,000$0funding while held, a day−$2.88
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget OPUSDT | 0.1259 | 0.0100 | pay 0.0100% / 8h | 7h 19m | $6.0M | $6.4M | 75x |
| Short | gTrade (Gains Network) OP/USD | 0.1259 | L +0.0004% / S −0.0004% | get 0.0000% / 1h | 19m 24s | — | — | 150x |
Bitget OPUSDT
gTrade (Gains Network) OP/USDPrice 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
- $0.4
- Funding while held
- −$2.88
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$24.48
- Spread needed to break even
- 0.220%
Slippage unknown: Bitget: live order book, 5 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0096%
- Per $10,000 a day
- −$2.88
- 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 Bitget live order book, 5 min ago | 3.95 bp | 11.3 bp −$11 | 25.1 bp −$251 | 110.5 bp −$11.1K | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
gTrade (Gains Network): 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.Bybit0.1257cheapestOKX0.1258+0.095%BingX0.1258+0.095%Orderly0.1258+0.095%Backpack0.1258+0.103%Extended0.1258+0.110%SoDEX0.1258+0.119%Gate0.1258+0.135%Lighter0.1259+0.151%Binance0.1259+0.173%KuCoin0.1259+0.175%
Bybit
OKX
BingX
Orderly
Backpack
Extended
SoDEX
Gate
Lighter
Binance
KuCoinBitget0.1259+0.175%
Deribit0.1259+0.175%Aevo0.1259+0.177%
Deribit
AevogTrade (Gains Network)0.1259+0.179%
Reya0.1259+0.187%MEXC0.1259+0.191%GMX0.1259+0.209%Kraken Futures0.1260+0.221%Aster0.1260+0.239%dYdX0.1260+0.247%HTX0.1260+0.271%Hyperliquid0.1261+0.318%Coinbase International0.1261+0.334%Variational Omni0.1261+0.374%BloFin0.1262+0.374%ApeX Omni0.1263+0.493%edgeX0.1267+0.820%Injective0.1276+1.528%
Reya
MEXC
GMX
Kraken Futures
Aster
dYdX
HTX
Hyperliquid
Coinbase International
Variational Omni
BloFin
ApeX Omni
InjectiveOP on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit OPUSDT | −0.175% | −0.0349% | 8h | $17.8M | $27.5M | 75x | as long as short |
| OKX OP-USDT-SWAP | −0.079% | +0.0026% | 8h | $6.0M | $33.0M | 50x | as long as short |
| BingX OP-USDC | −0.079% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| Orderly PERP_OP_USDC | −0.079% | −0.0074% | 8h | $6K | $53K | 10x | as long as short |
| Backpack OP_USDC_PERP | −0.071% | +0.0100% | 1h | $136K | $187K | 10x | as long as short |
| Extended OP-USD | −0.065% | −0.0024% | 1h | $101K | $208K | 25x | as long as short |
| SoDEX OP-USD | −0.056% | +0.0100% | 1h | $183 | $6K | 5x | as long as short |
| Gate OP_USDT | −0.040% | +0.0100% | 8h | $1.8M | $1.6M | 50x | as long as short |
| Lighter OP | −0.024% | +0.0096% | 1h | $282K | $900K | 15x | as long as short |
| Binance OPUSDT | −0.002% | −0.0019% | 8h | $20.6M | $68.6M | 75x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin OPUSDTM | 0.000% | +0.0100% | 8h | $2.9M | $7.4M | 75x | as long as short |
| Bitget OPUSDTlong | 0.000% | +0.0100% | 8h | $6.0M | $6.4M | 75x | |
| Deribit OP_USDC-PERPETUAL | 0.000% | 0.0000% | 1h | $47K | $200K | 25x | as long as short |
| Aevo OP-PERP | +0.002% | +0.0072% | 1h | $4K | — | 3x | as long as short |
| gTrade (Gains Network) OP/USDshort | +0.004% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | |
| Reya OPRUSDPERP | +0.012% | +0.0432% | 1h | $700 | — | 20x | as long as short |
| MEXC OP_USDT | +0.016% | −0.0020% | 8h | $20.1M | $8.8M | 300x | as long as short |
| GMX OP/USD [OP-USDC] | +0.034% | L −0.1162% / S +0.0245% | 1h | $13K | — | 100x | as long as short |
| Kraken Futures PF_OPUSD | +0.046% | +0.0473% | 1h | $782K | $678K | 20x | as long as short |
| Aster OPUSDT | +0.064% | +0.0100% | 8h | $212K | $465K | 10x | as long as short |
| dYdX OP-USD | +0.071% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| HTX OP-USDT | +0.095% | +0.0100% | 8h | $179K | $270K | 50x | as long as short |
| Hyperliquid OP | +0.143% | +0.0100% | 1h | $3.9M | $3.3M | 5x | as long as short |
| Coinbase International OP-PERP-INTX | +0.159% | −0.0304% | 1h | $22K | $85K | 50x | as long as short |
| Variational Omni OP | +0.198% | −0.0122% | 8h | $233K | $43K | — | as long as short |
| BloFin OP-USDT | +0.199% | +0.0100% | 8h | $1.0M | $581K | 75x | as long as short |
| ApeX Omni OPUSDT | +0.318% | +0.0100% | 1h | $45K | $713K | 50x | as long as short |
| edgeX OPUSDC | +0.644% | +0.0100% | 4h | $9K | $378K | 10x | as long as short |
| Injective OP/USDC PERP | +1.350% | +0.0033% | 1h | $25K | $184K | 12x | as long as short |