Spread before costs (cost unknown: a leg has no order-book sample)+0.059%
7d average—if it closes, per $10,000$6funding while held, a day+$0.12
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX OP-USD | 0.1232 | 0 | get 0.0000% / 1h | 23m 17s | $38K | $155 | 10x |
| Short | gTrade (Gains Network) OP/USD | 0.1233 | L +0.0004% / S −0.0004% | get 0.0000% / 1h | 23m 17s | — | — | 150x |
dYdX OP-USD
gTrade (Gains Network) OP/USDPrice 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
- $5.92
- Funding while held
- $0.12
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$13.96
- Spread needed to break even
- 0.200%
Slippage unknown: dYdX: no order-book sample; gTrade (Gains Network): no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0004%
- Per $10,000 a day
- +$0.12
- 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 dYdX no order-book sample | — | — | — | — | — |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
dYdX and gTrade (Gains Network): 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.Injective0.1225cheapestCoinbase International0.1230+0.408%KuCoin0.1231+0.490%Backpack0.1231+0.506%edgeX0.1232+0.551%Gate0.1232+0.563%Bybit0.1232+0.571%Orderly0.1232+0.571%SoDEX0.1232+0.571%Extended0.1232+0.587%Reya0.1232+0.588%
Injective
Coinbase International
KuCoin
Backpack
Gate
Bybit
Orderly
SoDEX
Extended
ReyadYdX0.1232+0.596%
BloFin0.1232+0.596%Aster0.1232+0.601%HTX0.1232+0.604%Aevo0.1232+0.611%MEXC0.1233+0.620%GMX0.1233+0.631%Binance0.1233+0.637%OKX0.1233+0.637%Hyperliquid0.1233+0.645%Bitget0.1233+0.653%BingX0.1233+0.653%ApeX Omni0.1233+0.653%Deribit0.1233+0.653%
BloFin
Aster
HTX
Aevo
MEXC
GMX
Binance
OKX
Hyperliquid
Bitget
BingX
ApeX Omni
DeribitgTrade (Gains Network)0.1233+0.656%
Lighter0.1233+0.661%Kraken Futures0.1233+0.693%Variational Omni0.1234+0.711%
Lighter
Kraken Futures
Variational OmniOP on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.592% | −0.1842% | 1h | $34K | $86K | 12x | as long as short |
| Coinbase International OP-PERP-INTX | −0.187% | −0.0336% | 1h | $21K | $68K | 50x | as long as short |
| KuCoin OPUSDTM | −0.105% | +0.0100% | 8h | $2.9M | $7.4M | 75x | as long as short |
| Backpack OP_USDC_PERP | −0.089% | +0.0100% | 1h | $126K | $197K | 10x | as long as short |
| edgeX OPUSDC | −0.044% | +0.0100% | 4h | $8K | $380K | 10x | as long as short |
| Gate OP_USDT | −0.032% | +0.0020% | 8h | $1.8M | $1.5M | 50x | as long as short |
| Bybit OPUSDT | −0.024% | +0.0056% | 8h | $18.1M | $26.7M | 75x | as long as short |
| Orderly PERP_OP_USDC | −0.024% | −0.0038% | 8h | $6K | $53K | 10x | as long as short |
| SoDEX OP-USD | −0.024% | +0.0100% | 1h | $189 | $6K | 5x | as long as short |
| Extended OP-USD | −0.009% | +0.0096% | 1h | $99K | $206K | 25x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya OPRUSDPERP | −0.008% | +0.0433% | 1h | $685 | — | 20x | as long as short |
| dYdX OP-USDlong | 0.000% | 0.0000% | 1h | $38K | $155 | 10x | |
| BloFin OP-USDT | 0.000% | +0.0215% | 8h | $977K | $314K | 75x | as long as short |
| Aster OPUSDT | +0.005% | +0.0100% | 8h | $211K | $268K | 10x | as long as short |
| HTX OP-USDT | +0.008% | +0.0100% | 8h | $175K | $259K | 50x | as long as short |
| Aevo OP-PERP | +0.015% | +0.0104% | 1h | $4K | — | 3x | as long as short |
| MEXC OP_USDT | +0.024% | +0.0094% | 8h | $19.4M | $7.4M | 300x | as long as short |
| GMX OP/USD [OP-USDC] | +0.035% | L −0.1162% / S +0.0245% | 1h | $13K | — | 100x | as long as short |
| Binance OPUSDT | +0.041% | +0.0095% | 8h | $19.5M | $65.3M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.041% | +0.0028% | 8h | $5.6M | $30.2M | 50x | as long as short |
| Hyperliquid OP | +0.049% | +0.0100% | 1h | $3.8M | $3.1M | 5x | as long as short |
| Bitget OPUSDT | +0.057% | +0.0100% | 8h | $6.0M | $6.2M | 75x | as long as short |
| BingX OP-USDC | +0.057% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| ApeX Omni OPUSDT | +0.057% | +0.0100% | 1h | $44K | $720K | 50x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.057% | 0.0000% | 1h | $43K | $185K | 25x | as long as short |
| gTrade (Gains Network) OP/USDshort | +0.059% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | |
| Lighter OP | +0.065% | +0.0096% | 1h | $266K | $907K | 15x | as long as short |
| Kraken Futures PF_OPUSD | +0.097% | +0.0546% | 1h | $765K | $789K | 20x | as long as short |
| Variational Omni OP | +0.114% | −0.0097% | 8h | $224K | $41K | — | as long as short |