Spread before costs (cost unknown: a leg has no order-book sample)+0.348%
7d average—if it closes, per $10,000$35funding while held, a day+$23.30
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International OP-PERP-INTX | 0.1237 | −0.0344 | get 0.0043% / 1h | 13m 51s | $21K | $70K | 50x |
| Short | Reya OPRUSDPERP | 0.1241 | 0.0433 | get 0.0054% / 1h | 13m 51s | $690 | — | 20x |
Coinbase International OP-PERP-INTX
Reya OPRUSDPERPPrice 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
- $34.8
- Funding while held
- $23.3
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $42.1
- Spread needed to break even
- 0.160%
Slippage unknown: Coinbase International: no order-book sample; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0777%
- Per $10,000 a day
- +$23.30
- 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 Reya no order-book sample | — | — | — | — | — |
Coinbase International and Reya: 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 International0.1237cheapest
Bybit0.1240+0.251%OKX0.1241+0.331%SoDEX0.1241+0.340%
Bybit
OKX
SoDEXReya0.1241+0.348%
dYdX0.1241+0.349%Backpack0.1241+0.356%Binance0.1242+0.372%GMX0.1242+0.385%Lighter0.1242+0.388%Gate0.1242+0.388%Aevo0.1242+0.395%Extended0.1242+0.401%KuCoin0.1242+0.404%Bitget0.1242+0.404%BingX0.1242+0.404%ApeX Omni0.1242+0.404%Orderly0.1242+0.404%Deribit0.1242+0.404%BloFin0.1242+0.404%gTrade (Gains Network)0.1242+0.406%HTX0.1242+0.420%Variational Omni0.1242+0.425%Aster0.1242+0.437%MEXC0.1242+0.445%Kraken Futures0.1243+0.492%Hyperliquid0.1243+0.493%edgeX0.1244+0.592%Injective0.1276+3.153%
dYdX
Backpack
Binance
GMX
Lighter
Gate
Aevo
Extended
KuCoin
Bitget
BingX
ApeX Omni
Orderly
Deribit
BloFin
gTrade (Gains Network)
HTX
Variational Omni
Aster
MEXC
Kraken Futures
Hyperliquid
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 | $70K | 50x | |
| Bybit OPUSDT | +0.251% | −0.0093% | 8h | $17.5M | $25.5M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.331% | +0.0016% | 8h | $5.8M | $30.6M | 50x | as long as short |
| SoDEX OP-USD | +0.340% | +0.0100% | 1h | $186 | $6K | 5x | as long as short |
| Reya OPRUSDPERPshort | +0.348% | +0.0433% | 1h | $690 | — | 20x | |
| dYdX OP-USD | +0.349% | 0.0000% | 1h | $38K | $10 | 10x | as long as short |
| Backpack OP_USDC_PERP | +0.356% | +0.0100% | 1h | $127K | $199K | 10x | as long as short |
| Binance OPUSDT | +0.372% | +0.0046% | 8h | $20.2M | $64.2M | 75x | as long as short |
| GMX OP/USD [OP-USDC] | +0.385% | L −0.1711% / S +0.0335% | 1h | $13K | — | 100x | as long as short |
| Lighter OP | +0.388% | +0.0096% | 1h | $267K | $917K | 15x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate OP_USDT | +0.388% | +0.0006% | 8h | $1.8M | $1.5M | 50x | as long as short |
| Aevo OP-PERP | +0.395% | +0.0088% | 1h | $4K | — | 3x | as long as short |
| Extended OP-USD | +0.401% | +0.0048% | 1h | $99K | $206K | 25x | as long as short |
| KuCoin OPUSDTM | +0.404% | +0.0100% | 8h | $2.9M | $7.2M | 75x | as long as short |
| Bitget OPUSDT | +0.404% | +0.0100% | 8h | $5.8M | $5.9M | 75x | as long as short |
| BingX OP-USDC | +0.404% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| ApeX Omni OPUSDT | +0.404% | +0.0100% | 1h | $45K | $719K | 50x | as long as short |
| Orderly PERP_OP_USDC | +0.404% | −0.0059% | 8h | $6K | $54K | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.404% | 0.0000% | 1h | $44K | $202K | 25x | as long as short |
| BloFin OP-USDT | +0.404% | +0.0162% | 8h | $1.0M | $338K | 75x | as long as short |
| gTrade (Gains Network) OP/USD | +0.406% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| HTX OP-USDT | +0.420% | +0.0100% | 8h | $176K | $265K | 50x | as long as short |
| Variational Omni OP | +0.425% | −0.0129% | 8h | $227K | $40K | — | as long as short |
| Aster OPUSDT | +0.437% | +0.0100% | 8h | $201K | $254K | 10x | as long as short |
| MEXC OP_USDT | +0.445% | +0.0041% | 8h | $20.0M | $8.3M | 300x | as long as short |
| Kraken Futures PF_OPUSD | +0.492% | +0.0617% | 1h | $771K | $674K | 20x | as long as short |
| Hyperliquid OP | +0.493% | +0.0100% | 1h | $3.9M | $3.2M | 5x | as long as short |
| edgeX OPUSDC | +0.592% | +0.0100% | 4h | $9K | $382K | 10x | as long as short |
| Injective OP/USDC PERP | +3.153% | +0.0033% | 1h | $25K | $134K | 12x | as long as short |