After costs, if the gap returns to its 7d average, $10k−$16
spread now+0.236%7d average−0.055%fees + slippage, in and out−$45spread needed0.452%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin OP-USDT | 0.1272 | −0.0035 | get 0.0035% / 8h | 1h 42m | $1.0M | $579K | 75x |
| Short | OKX OP-USDT-SWAP | 0.1275 | 0.0070 | get 0.0070% / 8h | 1h 42m | $6.0M | $32.2M | 50x |
BloFin OP-USDT
OKX OP-USDT-SWAPPrice 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
- $23.59
- Funding while held
- $3.13
- Slippage, 4 orders
- −$23.23
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$18.5
- Spread needed to break even
- 0.452%
Slippage from BloFin: live order book, 1 min ago; OKX: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0104%
- Per $10,000 a day
- +$3.13
- 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, 1 min ago | 0.39 bp | 8.7 bp −$9 | 11.9 bp −$119 | 43.4 bp −$4,339 | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.39 bp | 12.0 bp −$12 | 28.5 bp −$285 | doesn't fit | doesn't fit |
OP price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International0.1263cheapestVariational Omni0.1266+0.231%edgeX0.1268+0.416%ApeX Omni0.1269+0.475%Reya0.1270+0.584%Orderly0.1271+0.633%Aevo0.1271+0.633%SoDEX0.1271+0.633%HTX0.1271+0.657%Backpack0.1271+0.665%Kraken Futures0.1271+0.669%
Coinbase International
Variational Omni
ApeX Omni
Reya
Orderly
Aevo
SoDEX
HTX
Backpack
Kraken FuturesBloFin0.1272+0.673%
gTrade (Gains Network)0.1272+0.676%GMX0.1272+0.713%Deribit0.1272+0.713%Aster0.1272+0.746%KuCoin0.1273+0.792%Extended0.1274+0.870%Hyperliquid0.1274+0.879%Bybit0.1274+0.895%
gTrade (Gains Network)
GMX
Deribit
Aster
KuCoin
Extended
Hyperliquid
BybitOKX0.1275+0.911%
Gate0.1275+0.911%BingX0.1275+0.911%dYdX0.1275+0.925%Bitget0.1275+0.950%MEXC0.1275+0.958%Lighter0.1275+0.966%Binance0.1275+0.986%Injective0.1297+2.692%
Gate
BingX
dYdX
Bitget
MEXC
Lighter
Binance
InjectiveOP 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 | −0.669% | −0.0328% | 1h | $27K | $84K | 50x | as long as short |
| Variational Omni OP | −0.439% | −0.0060% | 8h | $234K | $44K | — | as long as short |
| edgeX OPUSDC | −0.255% | +0.0100% | 4h | $4K | $410K | 10x | as long as short |
| ApeX Omni OPUSDT | −0.197% | −0.0120% | 1h | $46K | $709K | 50x | as long as short |
| Reya OPRUSDPERP | −0.088% | +0.0430% | 1h | $706 | — | 20x | as long as short |
| Orderly PERP_OP_USDC | −0.039% | −0.0073% | 8h | $7K | $53K | 10x | as long as short |
| Aevo OP-PERP | −0.039% | +0.0040% | 1h | $4K | — | 3x | as long as short |
| SoDEX OP-USD | −0.039% | +0.0100% | 1h | $162 | $5K | 5x | as long as short |
| HTX OP-USDT | −0.016% | +0.0100% | 8h | $192K | $233K | 50x | as long as short |
| Backpack OP_USDC_PERP | −0.008% | +0.0100% | 1h | $132K | $166K | 10x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Kraken Futures PF_OPUSD | −0.004% | +0.0143% | 1h | $783K | $662K | 20x | as long as short |
| BloFin OP-USDTlong | 0.000% | −0.0035% | 8h | $1.0M | $579K | 75x | |
| gTrade (Gains Network) OP/USD | +0.003% | L +0.0004% / S −0.0001% | 1h | $2K | — | 150x | as long as short |
| GMX OP/USD [OP-USDC] | +0.039% | L −0.1208% / S +0.0249% | 1h | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.039% | 0.0000% | 1h | $48K | $220K | 25x | as long as short |
| Aster OPUSDT | +0.072% | +0.0100% | 8h | $200K | $434K | 10x | as long as short |
| KuCoin OPUSDTM | +0.118% | +0.0100% | 8h | $2.9M | $6.7M | 75x | as long as short |
| Extended OP-USD | +0.196% | −0.0152% | 1h | $102K | $214K | 25x | as long as short |
| Hyperliquid OP | +0.204% | +0.0100% | 1h | $4.1M | $3.1M | 5x | as long as short |
| Bybit OPUSDT | +0.220% | +0.0012% | 8h | $17.9M | $27.1M | 75x | as long as short |
| OKX OP-USDT-SWAPshort | +0.236% | +0.0070% | 8h | $6.0M | $32.2M | 50x | |
| Gate OP_USDT | +0.236% | +0.0100% | 8h | $1.8M | $1.7M | 50x | as long as short |
| BingX OP-USDT | +0.236% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| dYdX OP-USD | +0.250% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| Bitget OPUSDT | +0.275% | +0.0100% | 8h | $6.0M | $6.1M | 75x | as long as short |
| MEXC OP_USDT | +0.283% | −0.0154% | 8h | $20.0M | $8.7M | 300x | as long as short |
| Lighter OP | +0.291% | +0.0096% | 1h | $367K | $746K | 15x | as long as short |
| Binance OPUSDT | +0.311% | −0.0155% | 8h | $20.6M | $64.7M | 75x | as long as short |
| Injective OP/USDC PERP | +2.006% | +0.0033% | 1h | $25K | $185K | 12x | as long as short |