Spread before costs (cost unknown: a leg has no order-book sample)0.000%
7d average—if it closes, per $10,000$0funding while held, a day−$3.80
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget OPUSDT | 0.1237 | 0.0100 | pay 0.0100% / 8h | 4h 58m | $6.0M | $6.2M | 75x |
| Short | Orderly PERP_OP_USDC | 0.1237 | −0.0027 | pay 0.0027% / 8h | 4h 58m | $6K | $53K | 10x |
Bitget OPUSDT
Orderly PERP_OP_USDCPrice 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
- Funding while held
- −$3.8
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$21.8
- Spread needed to break even
- 0.180%
Slippage unknown: Bitget: live order book, 1 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0127%
- Per $10,000 a day
- −$3.80
- 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, 1 min ago | 8.08 bp | 14.1 bp −$14 | 17.4 bp −$174 | 79.2 bp −$7,917 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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.Coinbase International0.1230cheapestInjective0.1233+0.244%Bybit0.1235+0.431%OKX0.1236+0.463%SoDEX0.1236+0.463%Extended0.1236+0.469%Backpack0.1236+0.472%KuCoin0.1236+0.488%Binance0.1236+0.503%BingX0.1236+0.504%Lighter0.1236+0.512%HTX0.1236+0.528%Aevo0.1237+0.532%MEXC0.1237+0.545%Reya0.1237+0.552%Gate0.1237+0.553%Aster0.1237+0.568%
Coinbase International
Injective
Bybit
OKX
SoDEX
Extended
Backpack
KuCoin
Binance
BingX
Lighter
HTX
Aevo
MEXC
Reya
Gate
AsterBitget0.1237+0.569%
Orderly0.1237+0.569%
Deribit0.1237+0.569%Kraken Futures0.1237+0.579%BloFin0.1237+0.593%GMX0.1238+0.615%gTrade (Gains Network)0.1238+0.641%Hyperliquid0.1238+0.659%dYdX0.1238+0.669%Variational Omni0.1239+0.722%edgeX0.1239+0.761%ApeX Omni0.1240+0.813%
Deribit
Kraken Futures
BloFin
GMX
gTrade (Gains Network)
Hyperliquid
dYdX
Variational Omni
ApeX OmniOP 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 | −0.566% | −0.0312% | 1h | $21K | $66K | 50x | as long as short |
| Injective OP/USDC PERP | −0.323% | −0.1650% | 1h | $34K | $58K | 12x | as long as short |
| Bybit OPUSDT | −0.137% | +0.0099% | 8h | $18.0M | $26.4M | 75x | as long as short |
| OKX OP-USDT-SWAP | −0.105% | +0.0048% | 8h | $5.7M | $30.0M | 50x | as long as short |
| SoDEX OP-USD | −0.105% | +0.0100% | 1h | $176 | $6K | 5x | as long as short |
| Extended OP-USD | −0.100% | +0.0104% | 1h | $99K | $206K | 25x | as long as short |
| Backpack OP_USDC_PERP | −0.097% | +0.0100% | 1h | $127K | $197K | 10x | as long as short |
| KuCoin OPUSDTM | −0.081% | +0.0100% | 8h | $2.9M | $7.4M | 75x | as long as short |
| Binance OPUSDT | −0.066% | +0.0100% | 8h | $19.5M | $64.5M | 75x | as long as short |
| BingX OP-USDT | −0.065% | +0.0100% | 8h | — | $6.7M | — | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter OP | −0.057% | +0.0096% | 1h | $266K | $897K | 15x | as long as short |
| HTX OP-USDT | −0.040% | +0.0100% | 8h | $176K | $258K | 50x | as long as short |
| Aevo OP-PERP | −0.037% | +0.0104% | 1h | $4K | — | 3x | as long as short |
| MEXC OP_USDT | −0.024% | +0.0100% | 8h | $19.6M | $7.1M | 300x | as long as short |
| Reya OPRUSDPERP | −0.017% | +0.0434% | 1h | $688 | — | 20x | as long as short |
| Gate OP_USDT | −0.016% | +0.0067% | 8h | $1.8M | $1.4M | 50x | as long as short |
| Aster OPUSDT | −0.001% | +0.0100% | 8h | $209K | $266K | 10x | as long as short |
| Bitget OPUSDTlong | 0.000% | +0.0100% | 8h | $6.0M | $6.2M | 75x | |
| Orderly PERP_OP_USDCshort | 0.000% | −0.0027% | 8h | $6K | $53K | 10x | |
| Deribit OP_USDC-PERPETUAL | 0.000% | 0.0000% | 1h | $43K | $184K | 25x | as long as short |
| Kraken Futures PF_OPUSD | +0.010% | +0.0527% | 1h | $769K | $769K | 20x | as long as short |
| BloFin OP-USDT | +0.024% | +0.0220% | 8h | $976K | $304K | 75x | as long as short |
| GMX OP/USD [OP-USDC] | +0.045% | L −0.0887% / S +0.0200% | 1h | $13K | — | 100x | as long as short |
| gTrade (Gains Network) OP/USD | +0.071% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| Hyperliquid OP | +0.089% | +0.0100% | 1h | $3.8M | $3.1M | 5x | as long as short |
| dYdX OP-USD | +0.099% | 0.0000% | 1h | $38K | $437 | 10x | as long as short |
| Variational Omni OP | +0.152% | −0.0072% | 8h | $226K | $43K | — | as long as short |
| edgeX OPUSDC | +0.191% | +0.0100% | 4h | $10K | $381K | 10x | as long as short |
| ApeX Omni OPUSDT | +0.243% | +0.0100% | 1h | $44K | $719K | 50x | as long as short |