After costs, if the gap returns to its 7d average, $10k−$59
spread now+0.113%7d average+0.097%fees + slippage, in and out−$60spread needed0.602%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended OP-USD | 0.1240 | 0.0008 | pay 0.0001% / 1h | 40m 49s | $99K | $207K | 25x |
| Short | Hyperliquid OP | 0.1241 | 0.0100 | get 0.0013% / 1h | 40m 49s | $3.9M | $3.3M | 5x |
Extended OP-USD
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
- $11.34
- Funding while held
- $2.76
- Slippage, 4 orders
- −$46.15
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$46.05
- Spread needed to break even
- 0.602%
Slippage from Extended: live order book, 63 min ago; Hyperliquid: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0092%
- Per $10,000 a day
- +$2.76
- 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 Extended live order book, 63 min ago | 11.82 bp | 21.0 bp −$21 | 141.7 bp −$1,417 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 2 min ago | 0.40 bp | 10.9 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
OP price on every exchange
against the cheapest. Click to use as the short leg.Gate0.1240cheapestKuCoin0.1240+0.040%Coinbase International0.1240+0.040%
Gate
KuCoin
Coinbase InternationalExtended0.1240+0.048%
HTX0.1240+0.065%BloFin0.1240+0.073%Bybit0.1240+0.081%OKX0.1240+0.081%Backpack0.1240+0.081%MEXC0.1241+0.097%Bitget0.1241+0.121%BingX0.1241+0.121%Binance0.1241+0.138%Aevo0.1241+0.147%SoDEX0.1241+0.153%
HTX
BloFin
Bybit
OKX
Backpack
MEXC
Bitget
BingX
Binance
Aevo
SoDEXHyperliquid0.1241+0.161%
Aster0.1242+0.169%Lighter0.1242+0.194%Orderly0.1242+0.202%Deribit0.1242+0.202%Reya0.1242+0.224%GMX0.1243+0.248%gTrade (Gains Network)0.1243+0.267%Kraken Futures0.1243+0.281%dYdX0.1244+0.355%edgeX0.1247+0.629%ApeX Omni0.1248+0.686%Variational Omni0.1250+0.847%Injective0.1276+2.945%
Aster
Lighter
Orderly
Deribit
Reya
GMX
gTrade (Gains Network)
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 | |
|---|---|---|---|---|---|---|---|
| Gate OP_USDT | −0.048% | +0.0100% | 8h | $1.8M | $1.4M | 50x | as long as short |
| KuCoin OPUSDTM | −0.008% | +0.0100% | 8h | $2.9M | $7.3M | 75x | as long as short |
| Coinbase International OP-PERP-INTX | −0.008% | −0.0344% | 1h | $21K | $74K | 50x | as long as short |
| Extended OP-USDlong | 0.000% | +0.0008% | 1h | $99K | $207K | 25x | |
| HTX OP-USDT | +0.017% | +0.0100% | 8h | $175K | $264K | 50x | as long as short |
| BloFin OP-USDT | +0.025% | +0.0021% | 8h | $1.0M | $372K | 75x | as long as short |
| Bybit OPUSDT | +0.033% | −0.0091% | 8h | $17.7M | $26.2M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.033% | +0.0007% | 8h | $5.8M | $31.8M | 50x | as long as short |
| Backpack OP_USDC_PERP | +0.033% | +0.0100% | 1h | $132K | $187K | 10x | as long as short |
| MEXC OP_USDT | +0.049% | +0.0005% | 8h | $19.7M | $8.2M | 300x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget OPUSDT | +0.073% | +0.0100% | 8h | $5.9M | $6.2M | 75x | as long as short |
| BingX OP-USDC | +0.073% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| Binance OPUSDT | +0.090% | +0.0005% | 8h | $20.1M | $65.9M | 75x | as long as short |
| Aevo OP-PERP | +0.099% | +0.0080% | 1h | $4K | — | 3x | as long as short |
| SoDEX OP-USD | +0.105% | +0.0100% | 1h | $184 | $6K | 5x | as long as short |
| Hyperliquid OPshort | +0.113% | +0.0100% | 1h | $3.9M | $3.3M | 5x | |
| Aster OPUSDT | +0.121% | +0.0100% | 8h | $206K | $226K | 10x | as long as short |
| Lighter OP | +0.146% | +0.0096% | 1h | $272K | $908K | 15x | as long as short |
| Orderly PERP_OP_USDC | +0.154% | −0.0069% | 8h | $6K | $53K | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.154% | 0.0000% | 1h | $47K | $200K | 25x | as long as short |
| Reya OPRUSDPERP | +0.176% | +0.0432% | 1h | $691 | — | 20x | as long as short |
| GMX OP/USD [OP-USDC] | +0.200% | L −0.1436% / S +0.0290% | 1h | $13K | — | 100x | as long as short |
| gTrade (Gains Network) OP/USD | +0.219% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| Kraken Futures PF_OPUSD | +0.233% | +0.0617% | 1h | $771K | $670K | 20x | as long as short |
| dYdX OP-USD | +0.307% | 0.0000% | 1h | $38K | $10 | 10x | as long as short |
| edgeX OPUSDC | +0.581% | +0.0100% | 4h | $9K | $382K | 10x | as long as short |
| ApeX Omni OPUSDT | +0.638% | +0.0100% | 1h | $45K | $713K | 50x | as long as short |
| Variational Omni OP | +0.798% | −0.0127% | 8h | $231K | $42K | — | as long as short |
| Injective OP/USDC PERP | +2.895% | +0.0033% | 1h | $25K | $134K | 12x | as long as short |