Spread before costs (cost unknown: a leg has no order-book sample)+0.461%
7d average—if it closes, per $10,000$46funding while held, a day+$13.32
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International OP-PERP-INTX | 0.1238 | −0.0344 | get 0.0043% / 1h | 38m 18s | $21K | $74K | 50x |
| Short | Aster OPUSDT | 0.1244 | 0.0100 | get 0.0100% / 8h | 6h 38m | $206K | $226K | 10x |
Coinbase International OP-PERP-INTX
Aster OPUSDTPrice 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
- $46.09
- Funding while held
- $13.32
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $41.41
- Spread needed to break even
- 0.180%
Slippage unknown: Coinbase International: no order-book sample; Aster: live order book, 66 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0444%
- Per $10,000 a day
- +$13.32
- 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Aster live order book, 66 min ago | 6.70 bp | 18.9 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
Coinbase International: 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 International0.1238cheapest
ApeX Omni0.1242+0.323%Variational Omni0.1243+0.365%BloFin0.1243+0.380%edgeX0.1243+0.383%BingX0.1243+0.412%Bybit0.1243+0.428%OKX0.1243+0.436%Extended0.1244+0.446%Reya0.1244+0.457%
ApeX Omni
Variational Omni
BloFin
BingX
Bybit
OKX
Extended
ReyaAster0.1244+0.461%
SoDEX0.1244+0.477%Gate0.1244+0.485%KuCoin0.1244+0.485%Bitget0.1244+0.485%Orderly0.1244+0.485%Deribit0.1244+0.485%HTX0.1244+0.493%Aevo0.1244+0.512%GMX0.1244+0.515%Backpack0.1245+0.525%gTrade (Gains Network)0.1245+0.534%MEXC0.1245+0.541%Binance0.1245+0.543%dYdX0.1245+0.566%Kraken Futures0.1245+0.571%Hyperliquid0.1245+0.574%Lighter0.1246+0.614%Injective0.1276+3.069%
SoDEX
Gate
KuCoin
Bitget
Orderly
Deribit
HTX
Aevo
GMX
Backpack
gTrade (Gains Network)
MEXC
Binance
dYdX
Kraken Futures
Hyperliquid
Lighter
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-INTXlong | 0.000% | −0.0344% | 1h | $21K | $74K | 50x | |
| ApeX Omni OPUSDT | +0.323% | +0.0100% | 1h | $45K | $712K | 50x | as long as short |
| Variational Omni OP | +0.365% | −0.0126% | 8h | $226K | $45K | — | as long as short |
| BloFin OP-USDT | +0.380% | +0.0025% | 8h | $1.0M | $373K | 75x | as long as short |
| edgeX OPUSDC | +0.383% | +0.0100% | 4h | $9K | $380K | 10x | as long as short |
| BingX OP-USDT | +0.412% | +0.0100% | 8h | — | $7.0M | — | as long as short |
| Bybit OPUSDT | +0.428% | −0.0063% | 8h | $17.7M | $26.1M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.436% | +0.0009% | 8h | $5.8M | $31.7M | 50x | as long as short |
| Extended OP-USD | +0.446% | +0.0008% | 1h | $99K | $207K | 25x | as long as short |
| Reya OPRUSDPERP | +0.457% | +0.0432% | 1h | $692 | — | 20x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster OPUSDTshort | +0.461% | +0.0100% | 8h | $206K | $226K | 10x | |
| SoDEX OP-USD | +0.477% | +0.0100% | 1h | $188 | $6K | 5x | as long as short |
| Gate OP_USDT | +0.485% | +0.0100% | 8h | $1.8M | $1.4M | 50x | as long as short |
| KuCoin OPUSDTM | +0.485% | +0.0100% | 8h | $2.9M | $7.3M | 75x | as long as short |
| Bitget OPUSDT | +0.485% | +0.0100% | 8h | $5.9M | $6.2M | 75x | as long as short |
| Orderly PERP_OP_USDC | +0.485% | −0.0068% | 8h | $6K | $53K | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.485% | 0.0000% | 1h | $47K | $200K | 25x | as long as short |
| HTX OP-USDT | +0.493% | +0.0100% | 8h | $177K | $264K | 50x | as long as short |
| Aevo OP-PERP | +0.512% | +0.0080% | 1h | $4K | — | 3x | as long as short |
| GMX OP/USD [OP-USDC] | +0.515% | L −0.1436% / S +0.0290% | 1h | $13K | — | 100x | as long as short |
| Backpack OP_USDC_PERP | +0.525% | +0.0100% | 1h | $132K | $187K | 10x | as long as short |
| gTrade (Gains Network) OP/USD | +0.534% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| MEXC OP_USDT | +0.541% | +0.0006% | 8h | $19.8M | $8.2M | 300x | as long as short |
| Binance OPUSDT | +0.543% | +0.0008% | 8h | $20.2M | $65.8M | 75x | as long as short |
| dYdX OP-USD | +0.566% | 0.0000% | 1h | $38K | $10 | 10x | as long as short |
| Kraken Futures PF_OPUSD | +0.571% | +0.0616% | 1h | $773K | $671K | 20x | as long as short |
| Hyperliquid OP | +0.574% | +0.0100% | 1h | $3.9M | $3.2M | 5x | as long as short |
| Lighter OP | +0.614% | +0.0096% | 1h | $267K | $914K | 15x | as long as short |
| Injective OP/USDC PERP | +3.069% | +0.0033% | 1h | $25K | $134K | 12x | as long as short |