Spread before costs (cost unknown: a leg has no order-book sample)−0.314%
7d average—if it closes, per $10,000$31funding while held, a day−$8.88
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit OP_USDC-PERPETUAL | 0.1274 | 0 | get 0.0000% / 1h | 51m 49s | $49K | $200K | 25x |
| Short | Coinbase International OP-PERP-INTX | 0.1270 | −0.0296 | pay 0.0037% / 1h | 51m 49s | $28K | $84K | 50x |
Deribit OP_USDC-PERPETUAL
Coinbase International OP-PERP-INTXPrice 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
- −$31.4
- Funding while held
- −$8.88
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$57.28
- Spread needed to break even
- 0.170%
Slippage unknown: Deribit: live order book, 44 min ago; Coinbase International: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0296%
- Per $10,000 a day
- −$8.88
- 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, 44 min ago | 7.82 bp | 11.3 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
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 International0.1270cheapest
Extended0.1272+0.183%Bybit0.1273+0.197%OKX0.1273+0.197%Aevo0.1273+0.227%SoDEX0.1273+0.228%Bitget0.1273+0.236%BingX0.1273+0.236%Orderly0.1273+0.236%Aster0.1273+0.243%Binance0.1273+0.249%MEXC0.1273+0.260%Backpack0.1273+0.260%dYdX0.1273+0.268%Reya0.1274+0.282%Gate0.1274+0.283%GMX0.1274+0.292%Variational Omni0.1274+0.295%gTrade (Gains Network)0.1274+0.303%KuCoin0.1274+0.315%
Extended
Bybit
OKX
Aevo
SoDEX
Bitget
BingX
Orderly
Aster
Binance
MEXC
Backpack
dYdX
Reya
Gate
GMX
Variational Omni
gTrade (Gains Network)
KuCoinDeribit0.1274+0.315%
HTX0.1274+0.346%Kraken Futures0.1275+0.357%Hyperliquid0.1275+0.362%Lighter0.1275+0.362%edgeX0.1275+0.420%BloFin0.1275+0.425%ApeX Omni0.1276+0.472%Injective0.1276+0.472%
HTX
Kraken Futures
Hyperliquid
Lighter
BloFin
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-INTXshort | −0.314% | −0.0296% | 1h | $28K | $84K | 50x | |
| Extended OP-USD | −0.131% | −0.0136% | 1h | $102K | $214K | 25x | as long as short |
| Bybit OPUSDT | −0.118% | +0.0013% | 8h | $17.8M | $27.4M | 75x | as long as short |
| OKX OP-USDT-SWAP | −0.118% | +0.0041% | 8h | $6.0M | $32.6M | 50x | as long as short |
| Aevo OP-PERP | −0.088% | +0.0048% | 1h | $4K | — | 3x | as long as short |
| SoDEX OP-USD | −0.086% | +0.0100% | 1h | $175 | $5K | 5x | as long as short |
| Bitget OPUSDT | −0.078% | +0.0100% | 8h | $5.9M | $6.2M | 75x | as long as short |
| BingX OP-USDC | −0.078% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| Orderly PERP_OP_USDC | −0.078% | −0.0082% | 8h | $7K | $52K | 10x | as long as short |
| Aster OPUSDT | −0.071% | +0.0100% | 8h | $201K | $433K | 10x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance OPUSDT | −0.066% | −0.0134% | 8h | $20.9M | $65.8M | 75x | as long as short |
| MEXC OP_USDT | −0.055% | −0.0135% | 8h | $20.2M | $8.5M | 300x | as long as short |
| Backpack OP_USDC_PERP | −0.055% | +0.0100% | 1h | $133K | $165K | 10x | as long as short |
| dYdX OP-USD | −0.047% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| Reya OPRUSDPERP | −0.033% | +0.0431% | 1h | $708 | — | 20x | as long as short |
| Gate OP_USDT | −0.031% | +0.0100% | 8h | $1.8M | $1.6M | 50x | as long as short |
| GMX OP/USD [OP-USDC] | −0.023% | L −0.1469% / S +0.0291% | 1h | $13K | — | 100x | as long as short |
| Variational Omni OP | −0.019% | −0.0075% | 8h | $235K | $45K | — | as long as short |
| gTrade (Gains Network) OP/USD | −0.012% | L +0.0005% / S −0.0004% | 1h | $1K | — | 150x | as long as short |
| KuCoin OPUSDTM | 0.000% | +0.0100% | 8h | $2.8M | $6.9M | 75x | as long as short |
| Deribit OP_USDC-PERPETUALlong | 0.000% | 0.0000% | 1h | $49K | $200K | 25x | |
| HTX OP-USDT | +0.031% | +0.0100% | 8h | $191K | $247K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.042% | +0.0240% | 1h | $785K | $660K | 20x | as long as short |
| Hyperliquid OP | +0.047% | +0.0100% | 1h | $4.1M | $3.1M | 5x | as long as short |
| Lighter OP | +0.047% | +0.0096% | 1h | $299K | $826K | 15x | as long as short |
| edgeX OPUSDC | +0.105% | +0.0100% | 4h | $9K | $378K | 10x | as long as short |
| BloFin OP-USDT | +0.110% | −0.0016% | 8h | $1.0M | $585K | 75x | as long as short |
| ApeX Omni OPUSDT | +0.157% | +0.0100% | 1h | $46K | $713K | 50x | as long as short |
| Injective OP/USDC PERP | +0.157% | +0.0248% | 1h | $25K | $184K | 12x | as long as short |