OP

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.061%

7d average—if it closes, per $10,000$6funding while held, a day−$0.13

Long on gTrade (Gains Network)Short on dYdX

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) OP/USD	0.1271	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	42m 54s	—	—	150x
Short	dYdX OP-USD	0.1270	0	get 0.0000% / 1h	42m 54s	$39K	$10	10x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee gTrade (Gains Network)bpFee dYdXbpOrdersClose when spread is

Spread captured: −$6.06
Funding while held: −$0.13
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$26.19
Spread needed to break even: 0.200%

Slippage unknown: gTrade (Gains Network): no order-book sample; dYdX: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0004%
Per $10,000 a day: −$0.13
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 dYdX no order-book sample	—	—	—	—	—

gTrade (Gains Network) and dYdX: 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.

OP 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	−0.863%	−0.0304%	1h	$22K	$91K	50x	as long as short
Variational Omni OP	−0.827%	−0.0087%	8h	$233K	$46K	—	as long as short
ApeX Omni OPUSDT	−0.706%	+0.0100%	1h	$45K	$713K	50x	as long as short
edgeX OPUSDC	−0.609%	+0.0100%	4h	$8K	$381K	10x	as long as short
SoDEX OP-USD	−0.139%	+0.0100%	1h	$189	$5K	5x	as long as short
Orderly PERP_OP_USDC	−0.076%	−0.0075%	8h	$7K	$54K	10x	as long as short
Lighter OP	−0.061%	+0.0096%	1h	$302K	$846K	15x	as long as short
dYdX OP-USDshort	−0.061%	0.0000%	1h	$39K	$10	10x
HTX OP-USDT	−0.061%	+0.0100%	8h	$182K	$271K	50x	as long as short
BloFin OP-USDT	−0.061%	+0.0078%	8h	$1.0M	$586K	75x	as long as short

Show all 29 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Aevo OP-PERP	−0.046%	+0.0072%	1h	$4K	—	3x	as long as short
Aster OPUSDT	−0.042%	+0.0100%	8h	$215K	$470K	10x	as long as short
GMX OP/USD [OP-USDC]	−0.030%	L −0.1440% / S +0.0291%	1h	$13K	—	100x	as long as short
Kraken Futures PF_OPUSD	−0.008%	+0.0468%	1h	$789K	$683K	20x	as long as short
gTrade (Gains Network) OP/USDlong	0.000%	L +0.0004% / S −0.0004%	1h	—	—	150x
Bybit OPUSDT	+0.002%	−0.0059%	8h	$18.0M	$28.0M	75x	as long as short
MEXC OP_USDT	+0.002%	−0.0042%	8h	$20.3M	$8.8M	300x	as long as short
KuCoin OPUSDTM	+0.002%	+0.0100%	8h	$2.9M	$7.4M	75x	as long as short
Bitget OPUSDT	+0.002%	+0.0100%	8h	$6.0M	$6.5M	75x	as long as short
BingX OP-USDC	+0.002%	+0.0100%	8h	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.002%	+0.0100%	1h	$136K	$184K	10x	as long as short
Deribit OP_USDC-PERPETUAL	+0.002%	0.0000%	1h	$48K	$200K	25x	as long as short
Reya OPRUSDPERP	+0.009%	+0.0432%	1h	$707	—	20x	as long as short
Gate OP_USDT	+0.010%	+0.0100%	8h	$1.8M	$1.6M	50x	as long as short
Extended OP-USD	+0.015%	−0.0040%	1h	$101K	$212K	25x	as long as short
Binance OPUSDT	+0.021%	−0.0042%	8h	$20.9M	$69.3M	75x	as long as short
OKX OP-USDT-SWAP	+0.034%	+0.0045%	8h	$6.1M	$33.7M	50x	as long as short
Hyperliquid OP	+0.073%	+0.0100%	1h	$4.0M	$3.3M	5x	as long as short
Injective OP/USDC PERP	+0.396%	+0.0033%	1h	$25K	$184K	12x	as long as short