After costs, if the gap returns to its 7d average, $10k−$56
spread now−0.055%7d average+0.011%fees + slippage, in and out−$49spread needed0.492%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit OP_USDC-PERPETUAL | 0.1269 | 0 | get 0.0000% / 1h | 15m 02s | $48K | $200K | 25x |
| Short | BloFin OP-USDT | 0.1268 | 0.0107 | get 0.0107% / 8h | 7h 15m | $1.0M | $584K | 75x |
Deribit OP_USDC-PERPETUAL
BloFin OP-USDTPrice 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
- −$5.52
- Funding while held
- $3.21
- Slippage, 4 orders
- −$30.2
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$51.51
- Spread needed to break even
- 0.492%
Slippage from Deribit: live order book, 10 min ago; BloFin: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0107%
- Per $10,000 a day
- +$3.21
- 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 Deribit live order book, 10 min ago | 7.90 bp | 11.4 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 5.55 bp | 13.6 bp −$14 | 23.3 bp −$233 | 53.6 bp −$5,362 | doesn't fit |
OP price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International0.1257cheapestedgeX0.1259+0.149%ApeX Omni0.1264+0.557%Variational Omni0.1266+0.698%Bybit0.1267+0.780%OKX0.1268+0.851%BingX0.1268+0.875%Orderly0.1268+0.875%SoDEX0.1268+0.891%Extended0.1268+0.895%
Coinbase International
ApeX Omni
Variational Omni
Bybit
OKX
BingX
Orderly
SoDEX
ExtendedBloFin0.1268+0.899%
Gate0.1268+0.907%Backpack0.1268+0.907%Aevo0.1269+0.917%Binance0.1269+0.938%Lighter0.1269+0.939%MEXC0.1269+0.947%KuCoin0.1269+0.955%Bitget0.1269+0.955%
Gate
Backpack
Aevo
Binance
Lighter
MEXC
KuCoin
BitgetDeribit0.1269+0.955%
Reya0.1269+0.955%Aster0.1269+0.971%HTX0.1269+0.979%Kraken Futures0.1269+0.990%GMX0.1269+0.994%gTrade (Gains Network)0.1270+1.034%Hyperliquid0.1270+1.042%dYdX0.1270+1.044%Injective0.1276+1.512%
Reya
Aster
HTX
Kraken Futures
GMX
gTrade (Gains Network)
Hyperliquid
dYdX
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 | −0.946% | −0.0304% | 1h | $22K | $85K | 50x | as long as short |
| edgeX OPUSDC | −0.798% | +0.0100% | 4h | $9K | $379K | 10x | as long as short |
| ApeX Omni OPUSDT | −0.394% | +0.0100% | 1h | $45K | $713K | 50x | as long as short |
| Variational Omni OP | −0.255% | −0.0123% | 8h | $233K | $43K | — | as long as short |
| Bybit OPUSDT | −0.173% | −0.0371% | 8h | $17.9M | $27.4M | 75x | as long as short |
| OKX OP-USDT-SWAP | −0.102% | +0.0029% | 8h | $6.0M | $33.2M | 50x | as long as short |
| BingX OP-USDC | −0.079% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| Orderly PERP_OP_USDC | −0.079% | −0.0074% | 8h | $6K | $53K | 10x | as long as short |
| SoDEX OP-USD | −0.063% | +0.0100% | 1h | $189 | $5K | 5x | as long as short |
| Extended OP-USD | −0.059% | −0.0016% | 1h | $101K | $208K | 25x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin OP-USDTshort | −0.055% | +0.0107% | 8h | $1.0M | $584K | 75x | |
| Gate OP_USDT | −0.047% | +0.0100% | 8h | $1.8M | $1.6M | 50x | as long as short |
| Backpack OP_USDC_PERP | −0.047% | +0.0100% | 1h | $135K | $189K | 10x | as long as short |
| Aevo OP-PERP | −0.037% | +0.0072% | 1h | $4K | — | 3x | as long as short |
| Binance OPUSDT | −0.017% | −0.0013% | 8h | $20.7M | $68.5M | 75x | as long as short |
| Lighter OP | −0.016% | +0.0096% | 1h | $284K | $900K | 15x | as long as short |
| MEXC OP_USDT | −0.008% | −0.0016% | 8h | $20.2M | $8.9M | 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 |
| Deribit OP_USDC-PERPETUALlong | 0.000% | 0.0000% | 1h | $48K | $200K | 25x | |
| Reya OPRUSDPERP | 0.000% | +0.0432% | 1h | $706 | — | 20x | as long as short |
| Aster OPUSDT | +0.016% | +0.0100% | 8h | $214K | $465K | 10x | as long as short |
| HTX OP-USDT | +0.024% | +0.0100% | 8h | $181K | $267K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.035% | +0.0469% | 1h | $788K | $679K | 20x | as long as short |
| GMX OP/USD [OP-USDC] | +0.039% | L −0.1162% / S +0.0245% | 1h | $13K | — | 100x | as long as short |
| gTrade (Gains Network) OP/USD | +0.079% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| Hyperliquid OP | +0.087% | +0.0100% | 1h | $4.0M | $3.3M | 5x | as long as short |
| dYdX OP-USD | +0.089% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| Injective OP/USDC PERP | +0.552% | +0.0033% | 1h | $25K | $184K | 12x | as long as short |