Spread before costs (cost unknown: a leg has no order-book sample)−0.226%
7d average—if it closes, per $10,000$23funding while held, a day−$2.88
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX OPUSDC | 0.1265 | 0.0100 | pay 0.0050% / 4h | 2h 58m | $10K | $380K | 10x |
| Short | gTrade (Gains Network) OP/USD | 0.1262 | L +0.0004% / S −0.0004% | get 0.0000% / 1h | 58m 13s | — | — | 150x |
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
- −$22.63
- Funding while held
- −$2.88
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$44.52
- Spread needed to break even
- 0.190%
Slippage unknown: edgeX: live order book, 47 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0096%
- Per $10,000 a day
- −$2.88
- 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, 47 min ago | 3.95 bp | 13.5 bp −$13 | 141.0 bp −$1,410 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
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.Coinbase International0.1260cheapestBybit0.1260+0.024%OKX0.1260+0.040%BingX0.1261+0.056%MEXC0.1261+0.079%KuCoin0.1261+0.079%Orderly0.1261+0.079%Aster0.1261+0.087%SoDEX0.1261+0.095%Reya0.1261+0.108%Binance0.1261+0.111%Backpack0.1261+0.111%Extended0.1261+0.113%Aevo0.1262+0.119%HTX0.1262+0.119%BloFin0.1262+0.151%GMX0.1262+0.156%Bitget0.1262+0.159%Deribit0.1262+0.159%Gate0.1262+0.167%
Coinbase International
Bybit
OKX
BingX
MEXC
KuCoin
Orderly
Aster
SoDEX
Reya
Binance
Backpack
Extended
Aevo
HTX
BloFin
GMX
Bitget
Deribit
GategTrade (Gains Network)0.1262+0.189%
Lighter0.1262+0.190%Hyperliquid0.1263+0.230%Kraken Futures0.1263+0.242%dYdX0.1263+0.255%ApeX Omni0.1265+0.397%Variational Omni0.1265+0.414%Injective0.1276+1.270%
Lighter
Hyperliquid
Kraken Futures
dYdX
ApeX Omni
Variational 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-INTX | −0.414% | −0.0344% | 1h | $22K | $79K | 50x | as long as short |
| Bybit OPUSDT | −0.391% | −0.0213% | 8h | $18.0M | $26.7M | 75x | as long as short |
| OKX OP-USDT-SWAP | −0.375% | +0.0016% | 8h | $6.0M | $32.5M | 50x | as long as short |
| BingX OP-USDT | −0.359% | +0.0100% | 8h | — | $6.7M | — | as long as short |
| MEXC OP_USDT | −0.335% | −0.0005% | 8h | $20.0M | $8.1M | 300x | as long as short |
| KuCoin OPUSDTM | −0.335% | +0.0100% | 8h | $2.9M | $7.4M | 75x | as long as short |
| Orderly PERP_OP_USDC | −0.335% | −0.0071% | 8h | $6K | $53K | 10x | as long as short |
| Aster OPUSDT | −0.328% | +0.0100% | 8h | $212K | $465K | 10x | as long as short |
| SoDEX OP-USD | −0.320% | +0.0100% | 1h | $184 | $5K | 5x | as long as short |
| Reya OPRUSDPERP | −0.307% | +0.0432% | 1h | $701 | — | 20x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance OPUSDT | −0.304% | −0.0004% | 8h | $20.6M | $67.2M | 75x | as long as short |
| Backpack OP_USDC_PERP | −0.304% | +0.0100% | 1h | $134K | $188K | 10x | as long as short |
| Extended OP-USD | −0.302% | 0.0000% | 1h | $101K | $205K | 25x | as long as short |
| Aevo OP-PERP | −0.296% | +0.0080% | 1h | $4K | — | 3x | as long as short |
| HTX OP-USDT | −0.296% | +0.0100% | 8h | $179K | $265K | 50x | as long as short |
| BloFin OP-USDT | −0.264% | +0.0115% | 8h | $1.0M | $580K | 75x | as long as short |
| GMX OP/USD [OP-USDC] | −0.259% | L −0.1436% / S +0.0290% | 1h | $13K | — | 100x | as long as short |
| Bitget OPUSDT | −0.256% | +0.0100% | 8h | $6.0M | $6.3M | 75x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.256% | 0.0000% | 1h | $47K | $200K | 25x | as long as short |
| Gate OP_USDT | −0.248% | +0.0100% | 8h | $1.8M | $1.4M | 50x | as long as short |
| gTrade (Gains Network) OP/USDshort | −0.226% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | |
| Lighter OP | −0.225% | +0.0096% | 1h | $282K | $870K | 15x | as long as short |
| Hyperliquid OP | −0.185% | +0.0100% | 1h | $3.9M | $3.3M | 5x | as long as short |
| Kraken Futures PF_OPUSD | −0.173% | +0.0607% | 1h | $784K | $676K | 20x | as long as short |
| dYdX OP-USD | −0.161% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| ApeX Omni OPUSDT | −0.019% | +0.0100% | 1h | $45K | $713K | 50x | as long as short |
| Variational Omni OP | −0.002% | −0.0135% | 8h | $234K | $43K | — | as long as short |
| edgeX OPUSDClong | 0.000% | +0.0100% | 4h | $10K | $380K | 10x | |
| Injective OP/USDC PERP | +0.850% | +0.0033% | 1h | $25K | $134K | 12x | as long as short |