After costs, if the gap returns to its 7d average, $10k−$44
spread now−0.015%7d average+0.003%fees + slippage, in and out−$42spread needed0.423%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin OP-USDT | 0.1299 | 0.0014 | pay 0.0014% / 8h | 2h 39m | $1.1M | $574K | 75x |
| Short | Hyperliquid OP | 0.1299 | 0.0262 | get 0.0033% / 1h | 39m 19s | $4.2M | $2.9M | 5x |
BloFin OP-USDT
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
- −$1.54
- Funding while held
- $7.44
- Slippage, 4 orders
- −$21.34
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$36.44
- Spread needed to break even
- 0.423%
Slippage from BloFin: live order book, 4 min ago; Hyperliquid: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0248%
- Per $10,000 a day
- +$7.44
- 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 BloFin live order book, 4 min ago | 1.16 bp | 11.7 bp −$12 | 22.2 bp −$222 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 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%Bybit0.1296+0.077%Aevo0.1296+0.116%MEXC0.1297+0.131%edgeX0.1297+0.132%Extended0.1297+0.133%OKX0.1297+0.139%Binance0.1297+0.147%KuCoin0.1297+0.154%Bitget0.1297+0.154%Orderly0.1297+0.154%Injective0.1297+0.154%BingX0.1297+0.162%Reya0.1297+0.170%GMX0.1297+0.192%Gate0.1298+0.208%Aster0.1298+0.232%HTX0.1299+0.278%dYdX0.1299+0.288%
Coinbase International
Variational Omni
Bybit
Aevo
MEXC
Extended
OKX
Binance
KuCoin
Bitget
Orderly
Injective
BingX
Reya
GMX
Gate
Aster
HTX
dYdXHyperliquid0.1299+0.301%
ApeX Omni0.1299+0.309%SoDEX0.1299+0.317%
ApeX Omni
SoDEXBloFin0.1299+0.317%
Backpack0.1299+0.324%Lighter0.1299+0.332%gTrade (Gains Network)0.1300+0.374%Deribit0.1300+0.386%Kraken Futures0.1300+0.408%
Backpack
Lighter
gTrade (Gains Network)
Deribit
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 | −0.316% | −0.0416% | 1h | $28K | $97K | 50x | as long as short |
| Variational Omni OP | −0.271% | −0.0056% | 8h | $235K | $36K | — | as long as short |
| Bybit OPUSDT | −0.239% | +0.0017% | 8h | $18.2M | $26.1M | 75x | as long as short |
| Aevo OP-PERP | −0.200% | +0.0056% | 1h | $4K | — | 3x | as long as short |
| MEXC OP_USDT | −0.185% | −0.0106% | 8h | $20.1M | $8.6M | 300x | as long as short |
| edgeX OPUSDC | −0.184% | +0.0100% | 4h | $4K | $406K | 10x | as long as short |
| Extended OP-USD | −0.183% | −0.0104% | 1h | $105K | $208K | 25x | as long as short |
| OKX OP-USDT-SWAP | −0.177% | +0.0068% | 8h | $6.2M | $31.1M | 50x | as long as short |
| Binance OPUSDT | −0.169% | −0.0106% | 8h | $21.2M | $61.5M | 75x | as long as short |
| KuCoin OPUSDTM | −0.162% | +0.0100% | 8h | $2.9M | $6.4M | 75x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget OPUSDT | −0.162% | +0.0100% | 8h | $6.1M | $5.7M | 75x | as long as short |
| Orderly PERP_OP_USDC | −0.162% | −0.0056% | 8h | $7K | $51K | 10x | as long as short |
| Injective OP/USDC PERP | −0.162% | +0.0033% | 1h | $25K | $185K | 12x | as long as short |
| BingX OP-USDT | −0.154% | +0.0100% | 8h | — | $6.2M | — | as long as short |
| Reya OPRUSDPERP | −0.147% | +0.0429% | 1h | $721 | — | 20x | as long as short |
| GMX OP/USD [OP-USDC] | −0.125% | L −0.1208% / S +0.0249% | 1h | $14K | — | 100x | as long as short |
| Gate OP_USDT | −0.108% | +0.0100% | 8h | $1.8M | $1.7M | 50x | as long as short |
| Aster OPUSDT | −0.085% | +0.0100% | 8h | $201K | $418K | 10x | as long as short |
| HTX OP-USDT | −0.038% | +0.0100% | 8h | $190K | $211K | 50x | as long as short |
| dYdX OP-USD | −0.029% | 0.0000% | 1h | $40K | $10 | 10x | as long as short |
| Hyperliquid OPshort | −0.015% | +0.0262% | 1h | $4.2M | $2.9M | 5x | |
| ApeX Omni OPUSDT | −0.008% | +0.0100% | 1h | $47K | $704K | 50x | as long as short |
| SoDEX OP-USD | 0.000% | +0.0100% | 1h | $182 | $5K | 5x | as long as short |
| BloFin OP-USDTlong | 0.000% | +0.0014% | 8h | $1.1M | $574K | 75x | |
| Backpack OP_USDC_PERP | +0.008% | +0.0100% | 1h | $136K | $152K | 10x | as long as short |
| Lighter OP | +0.015% | +0.0096% | 1h | $299K | $333K | 15x | as long as short |
| gTrade (Gains Network) OP/USD | +0.057% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.069% | 0.0000% | 1h | $44K | $188K | 25x | as long as short |
| Kraken Futures PF_OPUSD | +0.091% | +0.0231% | 1h | $803K | $637K | 20x | as long as short |