After costs, if the gap returns to its 7d average, $10k−$43
spread now+0.038%7d average+0.015%fees + slippage, in and out−$45spread needed0.450%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit OP_USDC-PERPETUAL | 0.1300 | 0 | get 0.0000% / 1h | 40m 20s | $44K | $188K | 25x |
| Short | Hyperliquid OP | 0.1300 | 0.0283 | get 0.0035% / 1h | 40m 20s | $4.2M | $2.9M | 5x |
Deribit OP_USDC-PERPETUAL
Hyperliquid OPPrice 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
- $3.85
- Funding while held
- $8.5
- Slippage, 4 orders
- −$29.03
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$32.69
- Spread needed to break even
- 0.450%
Slippage from Deribit: live order book, 65 min ago; Hyperliquid: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0283%
- Per $10,000 a day
- +$8.50
- 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, 65 min ago | 7.78 bp | 11.3 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 1.54 bp | 11.6 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
OP price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International0.1295cheapestVariational Omni0.1296+0.045%ApeX Omni0.1296+0.077%edgeX0.1297+0.132%Injective0.1297+0.154%HTX0.1298+0.247%Bybit0.1298+0.263%Aster0.1299+0.283%Extended0.1299+0.287%dYdX0.1299+0.288%BingX0.1299+0.293%Reya0.1299+0.301%Gate0.1299+0.301%KuCoin0.1299+0.309%Bitget0.1299+0.309%Orderly0.1299+0.309%Aevo0.1299+0.309%OKX0.1299+0.317%MEXC0.1299+0.317%SoDEX0.1299+0.317%BloFin0.1299+0.317%Backpack0.1299+0.324%Binance0.1300+0.355%gTrade (Gains Network)0.1300+0.374%GMX0.1300+0.376%
Coinbase International
Variational Omni
ApeX Omni
Injective
HTX
Bybit
Aster
Extended
dYdX
BingX
Reya
Gate
KuCoin
Bitget
Orderly
Aevo
OKX
MEXC
SoDEX
BloFin
Backpack
Binance
gTrade (Gains Network)
GMXDeribit0.1300+0.386%
Lighter0.1300+0.394%Kraken Futures0.1300+0.408%
Lighter
Kraken FuturesHyperliquid0.1300+0.425%
OP 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 | −0.385% | −0.0416% | 1h | $28K | $97K | 50x | as long as short |
| Variational Omni OP | −0.340% | −0.0056% | 8h | $235K | $36K | — | as long as short |
| ApeX Omni OPUSDT | −0.308% | +0.0100% | 1h | $46K | $703K | 50x | as long as short |
| edgeX OPUSDC | −0.253% | +0.0100% | 4h | $4K | $406K | 10x | as long as short |
| Injective OP/USDC PERP | −0.231% | +0.0033% | 1h | $25K | $185K | 12x | as long as short |
| HTX OP-USDT | −0.138% | +0.0100% | 8h | $190K | $211K | 50x | as long as short |
| Bybit OPUSDT | −0.123% | +0.0019% | 8h | $18.2M | $26.2M | 75x | as long as short |
| Aster OPUSDT | −0.103% | +0.0100% | 8h | $201K | $418K | 10x | as long as short |
| Extended OP-USD | −0.098% | −0.0104% | 1h | $105K | $208K | 25x | as long as short |
| dYdX OP-USD | −0.098% | 0.0000% | 1h | $40K | $10 | 10x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX OP-USDT | −0.092% | +0.0100% | 8h | — | $6.2M | — | as long as short |
| Reya OPRUSDPERP | −0.085% | +0.0429% | 1h | $722 | — | 20x | as long as short |
| Gate OP_USDT | −0.085% | +0.0100% | 8h | $1.8M | $1.7M | 50x | as long as short |
| KuCoin OPUSDTM | −0.077% | +0.0100% | 8h | $3.0M | $6.4M | 75x | as long as short |
| Bitget OPUSDT | −0.077% | +0.0100% | 8h | $6.1M | $5.7M | 75x | as long as short |
| Orderly PERP_OP_USDC | −0.077% | −0.0056% | 8h | $7K | $51K | 10x | as long as short |
| Aevo OP-PERP | −0.077% | +0.0056% | 1h | $4K | — | 3x | as long as short |
| OKX OP-USDT-SWAP | −0.069% | +0.0069% | 8h | $6.3M | $31.2M | 50x | as long as short |
| MEXC OP_USDT | −0.069% | −0.0106% | 8h | $20.1M | $8.6M | 300x | as long as short |
| SoDEX OP-USD | −0.069% | +0.0100% | 1h | $182 | $5K | 5x | as long as short |
| BloFin OP-USDT | −0.069% | +0.0014% | 8h | $1.1M | $574K | 75x | as long as short |
| Backpack OP_USDC_PERP | −0.062% | +0.0100% | 1h | $136K | $152K | 10x | as long as short |
| Binance OPUSDT | −0.031% | −0.0106% | 8h | $21.1M | $61.4M | 75x | as long as short |
| gTrade (Gains Network) OP/USD | −0.012% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| GMX OP/USD [OP-USDC] | −0.010% | L −0.1208% / S +0.0249% | 1h | $14K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUALlong | 0.000% | 0.0000% | 1h | $44K | $188K | 25x | |
| Lighter OP | +0.008% | +0.0096% | 1h | $300K | $333K | 15x | as long as short |
| Kraken Futures PF_OPUSD | +0.022% | +0.0231% | 1h | $803K | $637K | 20x | as long as short |
| Hyperliquid OPshort | +0.038% | +0.0283% | 1h | $4.2M | $2.9M | 5x |