Spread before costs (cost unknown: a leg has no order-book sample)+0.016%
7d average—if it closes, per $10,000$2funding while held, a day+$2.85
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) OP/USD | 0.1274 | L +0.0005% / S −0.0004% | pay 0.0001% / 1h | 52m 58s | $1K | — | 150x |
| Short | Gate OP_USDT | 0.1274 | 0.0100 | get 0.0100% / 8h | 52m 58s | $1.8M | $1.6M | 50x |
gTrade (Gains Network) OP/USD
Gate OP_USDTPrice 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
- $1.57
- Funding while held
- $2.85
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$20.58
- Spread needed to break even
- 0.250%
Slippage unknown: gTrade (Gains Network): no order-book sample; Gate: live order book, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0095%
- Per $10,000 a day
- +$2.85
- 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 Gate live order book, 1 min ago | 6.28 bp | 24.8 bp −$25 | 71.9 bp −$719 | doesn't fit | 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.Coinbase International0.1270cheapestBybit0.1272+0.118%Bitget0.1272+0.157%OKX0.1272+0.165%Extended0.1272+0.176%Reya0.1272+0.195%MEXC0.1273+0.220%GMX0.1273+0.265%Variational Omni0.1274+0.295%KuCoin0.1274+0.315%BingX0.1274+0.315%
Coinbase International
Bybit
Bitget
OKX
Extended
Reya
MEXC
GMX
Variational Omni
KuCoin
BingXgTrade (Gains Network)0.1274+0.315%
Orderly0.1274+0.315%Aevo0.1274+0.315%Binance0.1274+0.316%Aster0.1274+0.322%
Orderly
Aevo
Binance
AsterGate0.1274+0.331%
HTX0.1274+0.339%SoDEX0.1275+0.354%Backpack0.1275+0.362%dYdX0.1275+0.380%Deribit0.1275+0.394%edgeX0.1275+0.420%Hyperliquid0.1275+0.425%BloFin0.1275+0.425%Lighter0.1275+0.433%Kraken Futures0.1276+0.460%ApeX Omni0.1276+0.472%Injective0.1276+0.472%
HTX
SoDEX
Backpack
dYdX
Deribit
Hyperliquid
BloFin
Lighter
Kraken Futures
ApeX 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 | −0.314% | −0.0296% | 1h | $28K | $84K | 50x | as long as short |
| Bybit OPUSDT | −0.196% | +0.0013% | 8h | $17.8M | $27.4M | 75x | as long as short |
| Bitget OPUSDT | −0.157% | +0.0100% | 8h | $5.9M | $6.1M | 75x | as long as short |
| OKX OP-USDT-SWAP | −0.149% | +0.0040% | 8h | $6.0M | $32.6M | 50x | as long as short |
| Extended OP-USD | −0.139% | −0.0136% | 1h | $102K | $214K | 25x | as long as short |
| Reya OPRUSDPERP | −0.119% | +0.0431% | 1h | $708 | — | 20x | as long as short |
| MEXC OP_USDT | −0.094% | −0.0135% | 8h | $20.1M | $8.5M | 300x | as long as short |
| GMX OP/USD [OP-USDC] | −0.050% | L −0.1469% / S +0.0291% | 1h | $13K | — | 100x | as long as short |
| Variational Omni OP | −0.019% | −0.0075% | 8h | $235K | $45K | — | as long as short |
| KuCoin OPUSDTM | 0.000% | +0.0100% | 8h | $2.8M | $6.9M | 75x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX OP-USDC | 0.000% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| gTrade (Gains Network) OP/USDlong | 0.000% | L +0.0005% / S −0.0004% | 1h | $1K | — | 150x | |
| Orderly PERP_OP_USDC | 0.000% | −0.0082% | 8h | $7K | $53K | 10x | as long as short |
| Aevo OP-PERP | 0.000% | +0.0048% | 1h | $4K | — | 3x | as long as short |
| Binance OPUSDT | +0.001% | −0.0136% | 8h | $20.8M | $65.8M | 75x | as long as short |
| Aster OPUSDT | +0.007% | +0.0100% | 8h | $201K | $433K | 10x | as long as short |
| Gate OP_USDTshort | +0.016% | +0.0100% | 8h | $1.8M | $1.6M | 50x | |
| HTX OP-USDT | +0.024% | +0.0100% | 8h | $191K | $247K | 50x | as long as short |
| SoDEX OP-USD | +0.039% | +0.0100% | 1h | $171 | $5K | 5x | as long as short |
| Backpack OP_USDC_PERP | +0.047% | +0.0100% | 1h | $133K | $165K | 10x | as long as short |
| dYdX OP-USD | +0.064% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.078% | 0.0000% | 1h | $49K | $200K | 25x | as long as short |
| edgeX OPUSDC | +0.105% | +0.0100% | 4h | $9K | $378K | 10x | as long as short |
| Hyperliquid OP | +0.110% | +0.0100% | 1h | $4.1M | $3.1M | 5x | as long as short |
| BloFin OP-USDT | +0.110% | −0.0016% | 8h | $1.0M | $585K | 75x | as long as short |
| Lighter OP | +0.118% | +0.0096% | 1h | $299K | $826K | 15x | as long as short |
| Kraken Futures PF_OPUSD | +0.145% | +0.0240% | 1h | $786K | $660K | 20x | as long as short |
| ApeX Omni OPUSDT | +0.157% | +0.0100% | 1h | $46K | $713K | 50x | as long as short |
| Injective OP/USDC PERP | +0.157% | +0.0248% | 1h | $25K | $184K | 12x | as long as short |