After costs, if the gap returns to its 7d average, $10k−$57
spread now−0.016%7d average+0.058%fees + slippage, in and out−$50spread needed0.496%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit OPUSDT | 0.1269 | −0.0228 | get 0.0228% / 8h | 7h 31m | $18.0M | $28.0M | 75x |
| Short | Backpack OP_USDC_PERP | 0.1269 | 0.0100 | get 0.0013% / 1h | 31m 40s | $140K | $187K | 10x |
Bybit OPUSDT
Backpack OP_USDC_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
- −$1.58
- Funding while held
- $9.85
- Slippage, 4 orders
- −$28.6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$41.33
- Spread needed to break even
- 0.496%
Slippage from Bybit: live order book, 3 min ago; Backpack: live order book, 13 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0328%
- Per $10,000 a day
- +$9.85
- 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, 3 min ago | 1.19 bp | 12.0 bp −$12 | 27.2 bp −$272 | 90.2 bp −$9,015 | doesn't fit |
| Sell Backpack live order book, 13 min ago | 1.97 bp | 12.0 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 International0.1263cheapestAevo0.1267+0.277%HTX0.1267+0.285%Orderly0.1267+0.317%BloFin0.1267+0.325%SoDEX0.1268+0.356%Reya0.1268+0.370%edgeX0.1268+0.393%Deribit0.1268+0.396%Aster0.1268+0.404%gTrade (Gains Network)0.1268+0.407%GMX0.1269+0.438%Variational Omni0.1269+0.444%
Coinbase International
Aevo
HTX
Orderly
BloFin
SoDEX
Reya
Deribit
Aster
gTrade (Gains Network)
GMX
Variational OmniBackpack0.1269+0.459%
Bybit0.1269+0.475%
Kraken Futures0.1270+0.538%Gate0.1270+0.546%KuCoin0.1270+0.554%BingX0.1270+0.554%Binance0.1270+0.560%OKX0.1270+0.562%Hyperliquid0.1270+0.570%Lighter0.1270+0.586%MEXC0.1270+0.586%Extended0.1270+0.593%dYdX0.1271+0.630%Bitget0.1271+0.633%ApeX Omni0.1272+0.713%Injective0.1276+1.029%
Kraken Futures
Gate
KuCoin
BingX
Binance
OKX
Hyperliquid
Lighter
MEXC
Extended
dYdX
Bitget
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 | −0.473% | −0.0304% | 1h | $22K | $91K | 50x | as long as short |
| Aevo OP-PERP | −0.197% | +0.0072% | 1h | $4K | — | 3x | as long as short |
| HTX OP-USDT | −0.189% | +0.0100% | 8h | $181K | $270K | 50x | as long as short |
| Orderly PERP_OP_USDC | −0.158% | −0.0075% | 8h | $6K | $53K | 10x | as long as short |
| BloFin OP-USDT | −0.150% | +0.0091% | 8h | $1.0M | $584K | 75x | as long as short |
| SoDEX OP-USD | −0.118% | +0.0100% | 1h | $187 | $6K | 5x | as long as short |
| Reya OPRUSDPERP | −0.104% | +0.0432% | 1h | $705 | — | 20x | as long as short |
| edgeX OPUSDC | −0.082% | +0.0100% | 4h | $9K | $380K | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.079% | 0.0000% | 1h | $47K | $200K | 25x | as long as short |
| Aster OPUSDT | −0.071% | +0.0100% | 8h | $214K | $465K | 10x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) OP/USD | −0.068% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| GMX OP/USD [OP-USDC] | −0.037% | L −0.1162% / S +0.0245% | 1h | $13K | — | 100x | as long as short |
| Variational Omni OP | −0.031% | −0.0095% | 8h | $235K | $46K | — | as long as short |
| Backpack OP_USDC_PERPshort | −0.016% | +0.0100% | 1h | $140K | $187K | 10x | |
| Bybit OPUSDTlong | 0.000% | −0.0228% | 8h | $18.0M | $28.0M | 75x | |
| Kraken Futures PF_OPUSD | +0.063% | +0.0469% | 1h | $788K | $681K | 20x | as long as short |
| Gate OP_USDT | +0.071% | +0.0100% | 8h | $1.8M | $1.6M | 50x | as long as short |
| KuCoin OPUSDTM | +0.079% | +0.0100% | 8h | $2.9M | $7.4M | 75x | as long as short |
| BingX OP-USDC | +0.079% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| Binance OPUSDT | +0.085% | −0.0024% | 8h | $20.8M | $69.3M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.087% | +0.0034% | 8h | $6.0M | $33.7M | 50x | as long as short |
| Hyperliquid OP | +0.095% | +0.0100% | 1h | $4.0M | $3.3M | 5x | as long as short |
| Lighter OP | +0.110% | +0.0096% | 1h | $285K | $863K | 15x | as long as short |
| MEXC OP_USDT | +0.110% | −0.0026% | 8h | $20.3M | $8.8M | 300x | as long as short |
| Extended OP-USD | +0.118% | −0.0024% | 1h | $101K | $212K | 25x | as long as short |
| dYdX OP-USD | +0.154% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| Bitget OPUSDT | +0.158% | +0.0100% | 8h | $6.0M | $6.5M | 75x | as long as short |
| ApeX Omni OPUSDT | +0.236% | +0.0100% | 1h | $46K | $712K | 50x | as long as short |
| Injective OP/USDC PERP | +0.552% | +0.0033% | 1h | $25K | $184K | 12x | as long as short |