Spread before costs (cost unknown: a leg has no order-book sample)−0.528%
7d average−0.062%if it closes, per $10,000$53funding while held, a day−$2.01
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit OP_USDC-PERPETUAL | 0.1260 | 0 | get 0.0000% / 1h | 11m 05s | $47K | $200K | 25x |
| Short | Variational Omni OP | 0.1253 | −0.0067 | pay 0.0067% / 8h | 11m 05s | $231K | $46K | — |
Deribit OP_USDC-PERPETUAL
Variational Omni 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
- −$52.83
- Funding while held
- −$2.01
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$61.84
- Spread needed to break even
- 0.070%
Slippage unknown: Deribit: live order book, 19 min ago; Variational Omni: RFQ quote, 39 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0067%
- Per $10,000 a day
- −$2.01
- 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, 19 min ago | 11.99 bp | 31.5 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 39 min ago | 7.84 bp | doesn't fit | 23.5 bp −$235 | doesn't fit | doesn't fit |
OP price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International0.1248cheapest
Coinbase InternationalVariational Omni0.1253+0.428%
ApeX Omni0.1257+0.721%edgeX0.1258+0.781%dYdX0.1258+0.813%HTX0.1258+0.841%Bybit0.1259+0.865%Reya0.1260+0.924%Extended0.1260+0.928%KuCoin0.1260+0.962%Bitget0.1260+0.962%
ApeX Omni
dYdX
HTX
Bybit
Reya
Extended
KuCoin
BitgetDeribit0.1260+0.962%
SoDEX0.1260+0.970%Aster0.1260+0.973%gTrade (Gains Network)0.1260+0.974%Aevo0.1260+0.981%OKX0.1260+0.994%GMX0.1260+0.997%BingX0.1260+1.002%BloFin0.1260+1.002%Lighter0.1261+1.010%MEXC0.1261+1.010%Gate0.1261+1.018%Binance0.1261+1.020%Backpack0.1261+1.034%Orderly0.1261+1.042%Kraken Futures0.1261+1.069%Hyperliquid0.1261+1.074%Injective0.1276+2.244%
SoDEX
Aster
gTrade (Gains Network)
Aevo
OKX
GMX
BingX
BloFin
Lighter
MEXC
Gate
Binance
Backpack
Orderly
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-INTX | −0.952% | −0.0296% | 1h | $22K | $91K | 50x | as long as short |
| Variational Omni OPshort | −0.528% | −0.0067% | 8h | $231K | $46K | — | |
| ApeX Omni OPUSDT | −0.238% | +0.0100% | 1h | $45K | $714K | 50x | as long as short |
| edgeX OPUSDC | −0.179% | +0.0100% | 4h | $10K | $376K | 10x | as long as short |
| dYdX OP-USD | −0.147% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| HTX OP-USDT | −0.119% | +0.0100% | 8h | $180K | $277K | 50x | as long as short |
| Bybit OPUSDT | −0.095% | +0.0030% | 8h | $17.8M | $28.2M | 75x | as long as short |
| Reya OPRUSDPERP | −0.037% | +0.0431% | 1h | $700 | — | 20x | as long as short |
| Extended OP-USD | −0.033% | −0.0096% | 1h | $101K | $213K | 25x | as long as short |
| KuCoin OPUSDTM | 0.000% | +0.0100% | 8h | $2.8M | $7.3M | 75x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget OPUSDT | 0.000% | +0.0100% | 8h | $5.9M | $6.5M | 75x | as long as short |
| Deribit OP_USDC-PERPETUALlong | 0.000% | 0.0000% | 1h | $47K | $200K | 25x | |
| SoDEX OP-USD | +0.008% | +0.0100% | 1h | $183 | $5K | 5x | as long as short |
| Aster OPUSDT | +0.011% | +0.0100% | 8h | $213K | $469K | 10x | as long as short |
| gTrade (Gains Network) OP/USD | +0.013% | L +0.0004% / S −0.0004% | 1h | $1K | — | 150x | as long as short |
| Aevo OP-PERP | +0.019% | +0.0056% | 1h | $4K | — | 3x | as long as short |
| OKX OP-USDT-SWAP | +0.032% | +0.0038% | 8h | $6.0M | $33.4M | 50x | as long as short |
| GMX OP/USD [OP-USDC] | +0.035% | L −0.1440% / S +0.0291% | 1h | $13K | — | 100x | as long as short |
| BingX OP-USDT | +0.040% | +0.0100% | 8h | — | $7.0M | — | as long as short |
| BloFin OP-USDT | +0.040% | +0.0027% | 8h | $1.1M | $584K | 75x | as long as short |
| Lighter OP | +0.048% | +0.0096% | 1h | $295K | $836K | 15x | as long as short |
| MEXC OP_USDT | +0.048% | −0.0093% | 8h | $20.0M | $8.8M | 300x | as long as short |
| Gate OP_USDT | +0.056% | +0.0100% | 8h | $1.8M | $1.8M | 50x | as long as short |
| Binance OPUSDT | +0.058% | −0.0093% | 8h | $21.0M | $69.3M | 75x | as long as short |
| Backpack OP_USDC_PERP | +0.071% | +0.0100% | 1h | $133K | $180K | 10x | as long as short |
| Orderly PERP_OP_USDC | +0.079% | −0.0077% | 8h | $6K | $54K | 10x | as long as short |
| Kraken Futures PF_OPUSD | +0.106% | +0.0242% | 1h | $781K | $672K | 20x | as long as short |
| Hyperliquid OP | +0.111% | +0.0100% | 1h | $3.9M | $3.3M | 5x | as long as short |
| Injective OP/USDC PERP | +1.270% | +0.0248% | 1h | $25K | $184K | 12x | as long as short |