Spread before costs (cost unknown: a leg has no order-book sample)+0.065%
7d average—if it closes, per $10,000$7funding while held, a day+$12.63
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit OPUSDT | 0.1258 | −0.0349 | get 0.0349% / 8h | 7h 19m | $17.8M | $27.5M | 75x |
| Short | Aevo OP-PERP | 0.1259 | 0.0072 | get 0.0009% / 1h | 19m 07s | $4K | — | 3x |
Bybit OPUSDT
Aevo OP-PERPPrice 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
- $6.52
- Funding while held
- $12.63
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$7.85
- Spread needed to break even
- 0.270%
Slippage unknown: Bybit: live order book, 1 min ago; Aevo: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0421%
- Per $10,000 a day
- +$12.63
- 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 Bybit live order book, 1 min ago | 0.40 bp | 11.8 bp −$12 | 26.4 bp −$264 | 100.3 bp −$10.0K | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: 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 International0.1257cheapestOrderly0.1258+0.080%
Coinbase International
OrderlyBybit0.1258+0.095%
Extended0.1258+0.112%Gate0.1258+0.119%SoDEX0.1258+0.119%MEXC0.1259+0.159%KuCoin0.1259+0.159%Bitget0.1259+0.159%Deribit0.1259+0.159%
Extended
Gate
SoDEX
MEXC
KuCoin
Bitget
DeribitAevo0.1259+0.161%
gTrade (Gains Network)0.1259+0.163%BloFin0.1259+0.167%Reya0.1259+0.171%Binance0.1259+0.175%Lighter0.1259+0.183%Backpack0.1259+0.183%GMX0.1259+0.193%OKX0.1260+0.223%HTX0.1260+0.223%dYdX0.1260+0.231%Aster0.1260+0.232%BingX0.1260+0.239%Kraken Futures0.1260+0.256%Hyperliquid0.1261+0.302%Variational Omni0.1261+0.358%ApeX Omni0.1263+0.477%edgeX0.1267+0.804%Injective0.1276+1.512%
gTrade (Gains Network)
BloFin
Reya
Binance
Lighter
Backpack
GMX
OKX
HTX
dYdX
Aster
BingX
Kraken Futures
Hyperliquid
Variational Omni
ApeX Omni
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 | −0.095% | −0.0304% | 1h | $22K | $85K | 50x | as long as short |
| Orderly PERP_OP_USDC | −0.016% | −0.0073% | 8h | $6K | $53K | 10x | as long as short |
| Bybit OPUSDTlong | 0.000% | −0.0349% | 8h | $17.8M | $27.5M | 75x | |
| Extended OP-USD | +0.016% | −0.0016% | 1h | $101K | $208K | 25x | as long as short |
| Gate OP_USDT | +0.024% | +0.0100% | 8h | $1.8M | $1.6M | 50x | as long as short |
| SoDEX OP-USD | +0.024% | +0.0100% | 1h | $179 | $6K | 5x | as long as short |
| MEXC OP_USDT | +0.064% | −0.0020% | 8h | $20.1M | $8.8M | 300x | as long as short |
| KuCoin OPUSDTM | +0.064% | +0.0100% | 8h | $2.9M | $7.4M | 75x | as long as short |
| Bitget OPUSDT | +0.064% | +0.0100% | 8h | $6.0M | $6.4M | 75x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.064% | 0.0000% | 1h | $47K | $200K | 25x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo OP-PERPshort | +0.065% | +0.0072% | 1h | $4K | — | 3x | |
| gTrade (Gains Network) OP/USD | +0.068% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| BloFin OP-USDT | +0.072% | +0.0101% | 8h | $1.0M | $580K | 75x | as long as short |
| Reya OPRUSDPERP | +0.075% | +0.0432% | 1h | $700 | — | 20x | as long as short |
| Binance OPUSDT | +0.079% | −0.0019% | 8h | $20.6M | $68.6M | 75x | as long as short |
| Lighter OP | +0.087% | +0.0096% | 1h | $282K | $900K | 15x | as long as short |
| Backpack OP_USDC_PERP | +0.087% | +0.0100% | 1h | $134K | $189K | 10x | as long as short |
| GMX OP/USD [OP-USDC] | +0.098% | L −0.1162% / S +0.0245% | 1h | $13K | — | 100x | as long as short |
| OKX OP-USDT-SWAP | +0.127% | +0.0026% | 8h | $6.0M | $33.1M | 50x | as long as short |
| HTX OP-USDT | +0.127% | +0.0100% | 8h | $179K | $269K | 50x | as long as short |
| dYdX OP-USD | +0.135% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| Aster OPUSDT | +0.136% | +0.0100% | 8h | $212K | $465K | 10x | as long as short |
| BingX OP-USDC | +0.143% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| Kraken Futures PF_OPUSD | +0.160% | +0.0472% | 1h | $782K | $679K | 20x | as long as short |
| Hyperliquid OP | +0.207% | +0.0100% | 1h | $3.9M | $3.3M | 5x | as long as short |
| Variational Omni OP | +0.262% | −0.0122% | 8h | $233K | $43K | — | as long as short |
| ApeX Omni OPUSDT | +0.381% | +0.0100% | 1h | $45K | $713K | 50x | as long as short |
| edgeX OPUSDC | +0.708% | +0.0100% | 4h | $9K | $378K | 10x | as long as short |
| Injective OP/USDC PERP | +1.415% | +0.0033% | 1h | $25K | $184K | 12x | as long as short |