Spread before costs (cost unknown: a leg has no order-book sample)−0.869%
7d average—if it closes, per $10,000$87funding while held, a day−$11.88
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX OPUSDC | 0.1259 | 0.0100 | pay 0.0050% / 4h | 7m 16s | $10K | $377K | 10x |
| Short | Coinbase International OP-PERP-INTX | 0.1248 | −0.0296 | pay 0.0037% / 1h | 7m 16s | $22K | $90K | 50x |
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
- −$86.93
- Funding while held
- −$11.88
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$117.81
- Spread needed to break even
- 0.190%
Slippage unknown: edgeX: live order book, 43 min ago; Coinbase International: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0396%
- Per $10,000 a day
- −$11.88
- 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 edgeX live order book, 43 min ago | 7.86 bp | 17.0 bp −$17 | 138.0 bp −$1,380 | 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 International0.1248cheapest
Variational Omni0.1256+0.665%ApeX Omni0.1259+0.881%Bybit0.1260+0.946%OKX0.1260+0.954%BingX0.1260+0.962%Extended0.1260+0.973%Reya0.1261+1.029%KuCoin0.1261+1.042%Bitget0.1261+1.042%Orderly0.1261+1.042%Deribit0.1261+1.042%Aster0.1261+1.043%HTX0.1261+1.066%Gate0.1261+1.074%gTrade (Gains Network)0.1261+1.079%GMX0.1262+1.083%Aevo0.1262+1.087%MEXC0.1262+1.090%Backpack0.1262+1.106%BloFin0.1262+1.114%dYdX0.1262+1.122%Binance0.1262+1.122%SoDEX0.1262+1.130%Hyperliquid0.1262+1.146%Lighter0.1263+1.170%Kraken Futures0.1263+1.212%Injective0.1276+2.244%
Variational Omni
ApeX Omni
Bybit
OKX
BingX
Extended
Reya
KuCoin
Bitget
Orderly
Deribit
Aster
HTX
Gate
gTrade (Gains Network)
GMX
Aevo
MEXC
Backpack
BloFin
dYdX
Binance
SoDEX
Hyperliquid
Lighter
Kraken Futures
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 | −0.869% | −0.0296% | 1h | $22K | $90K | 50x | |
| Variational Omni OP | −0.211% | −0.0066% | 8h | $231K | $46K | — | as long as short |
| edgeX OPUSDClong | 0.000% | +0.0100% | 4h | $10K | $377K | 10x | |
| ApeX Omni OPUSDT | +0.004% | +0.0100% | 1h | $45K | $714K | 50x | as long as short |
| Bybit OPUSDT | +0.068% | +0.0028% | 8h | $17.8M | $28.2M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.076% | +0.0040% | 8h | $6.0M | $33.4M | 50x | as long as short |
| BingX OP-USDC | +0.084% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| Extended OP-USD | +0.095% | −0.0088% | 1h | $101K | $213K | 25x | as long as short |
| Reya OPRUSDPERP | +0.150% | +0.0431% | 1h | $701 | — | 20x | as long as short |
| KuCoin OPUSDTM | +0.163% | +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 | +0.163% | +0.0100% | 8h | $5.9M | $6.5M | 75x | as long as short |
| Orderly PERP_OP_USDC | +0.163% | −0.0077% | 8h | $7K | $54K | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.163% | 0.0000% | 1h | $47K | $200K | 25x | as long as short |
| Aster OPUSDT | +0.165% | +0.0100% | 8h | $213K | $469K | 10x | as long as short |
| HTX OP-USDT | +0.187% | +0.0100% | 8h | $181K | $277K | 50x | as long as short |
| Gate OP_USDT | +0.195% | +0.0100% | 8h | $1.8M | $1.8M | 50x | as long as short |
| gTrade (Gains Network) OP/USD | +0.200% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| GMX OP/USD [OP-USDC] | +0.205% | L −0.1440% / S +0.0291% | 1h | $13K | — | 100x | as long as short |
| Aevo OP-PERP | +0.209% | +0.0056% | 1h | $4K | — | 3x | as long as short |
| MEXC OP_USDT | +0.211% | −0.0085% | 8h | $20.0M | $8.8M | 300x | as long as short |
| Backpack OP_USDC_PERP | +0.227% | +0.0100% | 1h | $133K | $180K | 10x | as long as short |
| BloFin OP-USDT | +0.235% | +0.0034% | 8h | $1.1M | $585K | 75x | as long as short |
| dYdX OP-USD | +0.243% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| Binance OPUSDT | +0.243% | −0.0086% | 8h | $21.0M | $69.2M | 75x | as long as short |
| SoDEX OP-USD | +0.251% | +0.0100% | 1h | $190 | $5K | 5x | as long as short |
| Hyperliquid OP | +0.267% | +0.0100% | 1h | $3.9M | $3.3M | 5x | as long as short |
| Lighter OP | +0.290% | +0.0096% | 1h | $296K | $837K | 15x | as long as short |
| Kraken Futures PF_OPUSD | +0.332% | +0.0242% | 1h | $783K | $672K | 20x | as long as short |
| Injective OP/USDC PERP | +1.355% | +0.0248% | 1h | $25K | $184K | 12x | as long as short |