Spread before costs (cost unknown: a leg has no order-book sample)−0.008%
7d average—if it closes, per $10,000$1funding while held, a day+$8.57
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International OP-PERP-INTX | 0.1263 | −0.0304 | get 0.0038% / 1h | 22m 11s | $22K | $85K | 50x |
| Short | Binance OPUSDT | 0.1263 | −0.0018 | pay 0.0018% / 8h | 7h 22m | $20.7M | $68.7M | 75x |
Coinbase International OP-PERP-INTX
Binance 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
- −$0.79
- Funding while held
- $8.57
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$12.22
- Spread needed to break even
- 0.200%
Slippage unknown: Coinbase International: no order-book sample; Binance: live order book, 7 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0286%
- Per $10,000 a day
- +$8.57
- 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 Binance live order book, 7 min ago | 0.39 bp | 10.8 bp −$11 | 20.6 bp −$206 | 96.4 bp −$9,637 | 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.Bybit0.1262cheapestOKX0.1262+0.071%BingX0.1263+0.087%
Bybit
OKX
BingXBinance0.1263+0.111%
Gate0.1263+0.111%Reya0.1263+0.112%MEXC0.1263+0.119%KuCoin0.1263+0.119%Bitget0.1263+0.119%Orderly0.1263+0.119%
Gate
Reya
MEXC
KuCoin
Bitget
OrderlyCoinbase International0.1263+0.119%
Lighter0.1263+0.151%Extended0.1263+0.158%SoDEX0.1264+0.166%HTX0.1264+0.166%GMX0.1264+0.174%Aevo0.1264+0.198%Deribit0.1264+0.198%gTrade (Gains Network)0.1264+0.202%Aster0.1264+0.213%Hyperliquid0.1265+0.238%Kraken Futures0.1266+0.317%Backpack0.1266+0.365%BloFin0.1266+0.373%dYdX0.1266+0.376%Variational Omni0.1268+0.497%ApeX Omni0.1268+0.515%edgeX0.1268+0.555%Injective0.1276+1.149%
Lighter
Extended
SoDEX
HTX
GMX
Aevo
Deribit
gTrade (Gains Network)
Aster
Hyperliquid
Kraken Futures
Backpack
BloFin
dYdX
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 | |
|---|---|---|---|---|---|---|---|
| Bybit OPUSDT | −0.119% | −0.0368% | 8h | $17.9M | $27.6M | 75x | as long as short |
| OKX OP-USDT-SWAP | −0.048% | +0.0027% | 8h | $6.0M | $33.1M | 50x | as long as short |
| BingX OP-USDT | −0.032% | +0.0100% | 8h | — | $6.9M | — | as long as short |
| Binance OPUSDTshort | −0.008% | −0.0018% | 8h | $20.7M | $68.7M | 75x | |
| Gate OP_USDT | −0.008% | +0.0100% | 8h | $1.8M | $1.6M | 50x | as long as short |
| Reya OPRUSDPERP | −0.006% | +0.0432% | 1h | $702 | — | 20x | as long as short |
| MEXC OP_USDT | 0.000% | −0.0019% | 8h | $20.2M | $8.8M | 300x | as long as short |
| KuCoin OPUSDTM | 0.000% | +0.0100% | 8h | $2.9M | $7.4M | 75x | as long as short |
| Bitget OPUSDT | 0.000% | +0.0100% | 8h | $6.0M | $6.4M | 75x | as long as short |
| Orderly PERP_OP_USDC | 0.000% | −0.0074% | 8h | $6K | $53K | 10x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International OP-PERP-INTXlong | 0.000% | −0.0304% | 1h | $22K | $85K | 50x | |
| Lighter OP | +0.032% | +0.0096% | 1h | $283K | $900K | 15x | as long as short |
| Extended OP-USD | +0.039% | −0.0016% | 1h | $101K | $208K | 25x | as long as short |
| SoDEX OP-USD | +0.048% | +0.0100% | 1h | $180 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.048% | +0.0100% | 8h | $180K | $270K | 50x | as long as short |
| GMX OP/USD [OP-USDC] | +0.055% | L −0.1162% / S +0.0245% | 1h | $13K | — | 100x | as long as short |
| Aevo OP-PERP | +0.079% | +0.0080% | 1h | $4K | — | 3x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.079% | 0.0000% | 1h | $47K | $200K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | +0.083% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| Aster OPUSDT | +0.094% | +0.0100% | 8h | $213K | $465K | 10x | as long as short |
| Hyperliquid OP | +0.119% | +0.0100% | 1h | $3.9M | $3.3M | 5x | as long as short |
| Kraken Futures PF_OPUSD | +0.198% | +0.0470% | 1h | $785K | $678K | 20x | as long as short |
| Backpack OP_USDC_PERP | +0.245% | +0.0100% | 1h | $137K | $187K | 10x | as long as short |
| BloFin OP-USDT | +0.253% | +0.0100% | 8h | $1.0M | $583K | 75x | as long as short |
| dYdX OP-USD | +0.256% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| Variational Omni OP | +0.378% | −0.0108% | 8h | $235K | $43K | — | as long as short |
| ApeX Omni OPUSDT | +0.396% | +0.0100% | 1h | $45K | $712K | 50x | as long as short |
| edgeX OPUSDC | +0.435% | +0.0100% | 4h | $9K | $378K | 10x | as long as short |
| Injective OP/USDC PERP | +1.029% | +0.0033% | 1h | $25K | $184K | 12x | as long as short |