Spread before costs (cost unknown: a leg has no order-book sample)+0.105%
7d average—if it closes, per $10,000$11funding while held, a day+$2.87
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) OP/USD | 0.1238 | L +0.0004% / S −0.0004% | pay 0.0001% / 1h | 30m 56s | — | — | 150x |
| Short | Bitget OPUSDT | 0.1239 | 0.0100 | get 0.0100% / 8h | 5h 30m | $6.0M | $6.2M | 75x |
gTrade (Gains Network) OP/USD
Bitget OPUSDTPrice 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
- $10.5
- Funding while held
- $2.87
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$8.63
- Spread needed to break even
- 0.220%
Slippage unknown: gTrade (Gains Network): no order-book sample; Bitget: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0096%
- Per $10,000 a day
- +$2.87
- 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 4 min ago | 4.04 bp | 12.3 bp −$12 | 33.1 bp −$331 | 130.3 bp −$13.0K | doesn't fit |
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.Injective0.1230cheapestCoinbase International0.1234+0.325%edgeX0.1235+0.437%ApeX Omni0.1236+0.488%dYdX0.1236+0.492%Variational Omni0.1236+0.495%Reya0.1237+0.551%HTX0.1237+0.610%GMX0.1238+0.618%Bybit0.1238+0.626%
Injective
Coinbase International
ApeX Omni
dYdX
Variational Omni
Reya
HTX
GMX
BybitgTrade (Gains Network)0.1238+0.626%
OKX0.1238+0.642%KuCoin0.1238+0.650%Orderly0.1238+0.650%Extended0.1238+0.660%Gate0.1238+0.667%SoDEX0.1238+0.683%MEXC0.1239+0.691%Aster0.1239+0.696%Aevo0.1239+0.696%Binance0.1239+0.698%BingX0.1239+0.699%Backpack0.1239+0.715%BloFin0.1239+0.715%Lighter0.1239+0.732%
OKX
KuCoin
Orderly
Extended
Gate
SoDEX
MEXC
Aster
Aevo
Binance
BingX
Backpack
BloFin
LighterBitget0.1239+0.732%
Deribit0.1239+0.732%Kraken Futures0.1239+0.759%Hyperliquid0.1240+0.772%
Deribit
Kraken Futures
HyperliquidOP on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.622% | −0.1842% | 1h | $34K | $86K | 12x | as long as short |
| Coinbase International OP-PERP-INTX | −0.299% | −0.0336% | 1h | $21K | $69K | 50x | as long as short |
| edgeX OPUSDC | −0.187% | +0.0100% | 4h | $10K | $379K | 10x | as long as short |
| ApeX Omni OPUSDT | −0.137% | +0.0100% | 1h | $44K | $719K | 50x | as long as short |
| dYdX OP-USD | −0.133% | 0.0000% | 1h | $38K | $10 | 10x | as long as short |
| Variational Omni OP | −0.130% | −0.0113% | 8h | $224K | $41K | — | as long as short |
| Reya OPRUSDPERP | −0.075% | +0.0433% | 1h | $688 | — | 20x | as long as short |
| HTX OP-USDT | −0.016% | +0.0100% | 8h | $176K | $260K | 50x | as long as short |
| GMX OP/USD [OP-USDC] | −0.008% | L −0.1162% / S +0.0245% | 1h | $13K | — | 100x | as long as short |
| Bybit OPUSDT | 0.000% | +0.0032% | 8h | $18.2M | $26.7M | 75x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) OP/USDlong | 0.000% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | |
| OKX OP-USDT-SWAP | +0.016% | +0.0023% | 8h | $5.7M | $30.5M | 50x | as long as short |
| KuCoin OPUSDTM | +0.024% | +0.0100% | 8h | $3.0M | $7.4M | 75x | as long as short |
| Orderly PERP_OP_USDC | +0.024% | −0.0042% | 8h | $6K | $54K | 10x | as long as short |
| Extended OP-USD | +0.034% | +0.0088% | 1h | $99K | $206K | 25x | as long as short |
| Gate OP_USDT | +0.040% | +0.0050% | 8h | $1.8M | $1.5M | 50x | as long as short |
| SoDEX OP-USD | +0.057% | +0.0100% | 1h | $196 | $6K | 5x | as long as short |
| MEXC OP_USDT | +0.065% | +0.0088% | 8h | $19.5M | $7.4M | 300x | as long as short |
| Aster OPUSDT | +0.069% | +0.0100% | 8h | $212K | $268K | 10x | as long as short |
| Aevo OP-PERP | +0.069% | +0.0104% | 1h | $4K | — | 3x | as long as short |
| Binance OPUSDT | +0.072% | +0.0089% | 8h | $19.6M | $65.5M | 75x | as long as short |
| BingX OP-USDT | +0.073% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| Backpack OP_USDC_PERP | +0.089% | +0.0100% | 1h | $127K | $199K | 10x | as long as short |
| BloFin OP-USDT | +0.089% | +0.0209% | 8h | $986K | $315K | 75x | as long as short |
| Lighter OP | +0.105% | +0.0096% | 1h | $267K | $907K | 15x | as long as short |
| Bitget OPUSDTshort | +0.105% | +0.0100% | 8h | $6.0M | $6.2M | 75x | |
| Deribit OP_USDC-PERPETUAL | +0.105% | +0.0558% | 1h | $43K | $186K | 25x | as long as short |
| Kraken Futures PF_OPUSD | +0.132% | +0.0544% | 1h | $769K | $788K | 20x | as long as short |
| Hyperliquid OP | +0.145% | +0.0100% | 1h | $3.8M | $3.1M | 5x | as long as short |