Spread before costs (cost unknown: a leg has no order-book sample)−0.111%
7d average—if it closes, per $10,000$11funding while held, a day−$5.31
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate OP_USDT | 0.1258 | 0.0100 | pay 0.0100% / 8h | 11m 41s | $1.8M | $1.8M | 50x |
| Short | Orderly PERP_OP_USDC | 0.1257 | −0.0077 | pay 0.0077% / 8h | 11m 41s | $7K | $54K | 10x |
Gate OP_USDT
Orderly PERP_OP_USDCPrice 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
- −$11.13
- Funding while held
- −$5.31
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$37.44
- Spread needed to break even
- 0.210%
Slippage unknown: Gate: live order book, 2 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0177%
- Per $10,000 a day
- −$5.31
- 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 Gate live order book, 2 min ago | 4.77 bp | 24.5 bp −$25 | 65.3 bp −$653 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 International0.1248cheapestVariational Omni0.1253+0.428%Reya0.1256+0.672%Aevo0.1257+0.690%edgeX0.1257+0.695%Backpack0.1257+0.713%ApeX Omni0.1257+0.721%
Coinbase International
Variational Omni
Reya
Aevo
Backpack
ApeX OmniOrderly0.1257+0.721%
SoDEX0.1257+0.721%Deribit0.1257+0.721%Bybit0.1257+0.753%HTX0.1257+0.753%GMX0.1257+0.756%gTrade (Gains Network)0.1257+0.758%BingX0.1258+0.793%OKX0.1258+0.801%KuCoin0.1258+0.801%Bitget0.1258+0.801%dYdX0.1258+0.813%Extended0.1258+0.817%Kraken Futures0.1258+0.823%BloFin0.1258+0.825%Aster0.1258+0.828%
SoDEX
Deribit
Bybit
HTX
GMX
gTrade (Gains Network)
BingX
OKX
KuCoin
Bitget
dYdX
Extended
Kraken Futures
BloFin
AsterGate0.1258+0.833%
Binance0.1259+0.870%Hyperliquid0.1259+0.873%Lighter0.1259+0.873%MEXC0.1259+0.889%Injective0.1276+2.244%
Binance
Hyperliquid
Lighter
MEXC
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 | −0.826% | −0.0296% | 1h | $22K | $91K | 50x | as long as short |
| Variational Omni OP | −0.402% | −0.0067% | 8h | $231K | $46K | — | as long as short |
| Reya OPRUSDPERP | −0.160% | +0.0431% | 1h | $699 | — | 20x | as long as short |
| Aevo OP-PERP | −0.142% | +0.0056% | 1h | $4K | — | 3x | as long as short |
| edgeX OPUSDC | −0.137% | +0.0100% | 4h | $9K | $381K | 10x | as long as short |
| Backpack OP_USDC_PERP | −0.119% | +0.0100% | 1h | $133K | $180K | 10x | as long as short |
| ApeX Omni OPUSDT | −0.111% | +0.0100% | 1h | $45K | $714K | 50x | as long as short |
| Orderly PERP_OP_USDCshort | −0.111% | −0.0077% | 8h | $7K | $54K | 10x | |
| SoDEX OP-USD | −0.111% | +0.0100% | 1h | $183 | $5K | 5x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.111% | 0.0000% | 1h | $47K | $200K | 25x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit OPUSDT | −0.079% | +0.0030% | 8h | $17.8M | $28.2M | 75x | as long as short |
| HTX OP-USDT | −0.079% | +0.0100% | 8h | $180K | $277K | 50x | as long as short |
| GMX OP/USD [OP-USDC] | −0.077% | L −0.1440% / S +0.0291% | 1h | $13K | — | 100x | as long as short |
| gTrade (Gains Network) OP/USD | −0.075% | L +0.0004% / S −0.0004% | 1h | $1K | — | 150x | as long as short |
| BingX OP-USDT | −0.040% | +0.0100% | 8h | — | $7.0M | — | as long as short |
| OKX OP-USDT-SWAP | −0.032% | +0.0036% | 8h | $6.0M | $33.4M | 50x | as long as short |
| KuCoin OPUSDTM | −0.032% | +0.0100% | 8h | $2.8M | $7.3M | 75x | as long as short |
| Bitget OPUSDT | −0.032% | +0.0100% | 8h | $5.9M | $6.5M | 75x | as long as short |
| dYdX OP-USD | −0.020% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| Extended OP-USD | −0.016% | −0.0096% | 1h | $101K | $213K | 25x | as long as short |
| Kraken Futures PF_OPUSD | −0.011% | +0.0243% | 1h | $780K | $673K | 20x | as long as short |
| BloFin OP-USDT | −0.008% | +0.0025% | 8h | $1.1M | $583K | 75x | as long as short |
| Aster OPUSDT | −0.005% | +0.0100% | 8h | $212K | $469K | 10x | as long as short |
| Gate OP_USDTlong | 0.000% | +0.0100% | 8h | $1.8M | $1.8M | 50x | |
| Binance OPUSDT | +0.036% | −0.0093% | 8h | $20.9M | $69.3M | 75x | as long as short |
| Hyperliquid OP | +0.040% | +0.0100% | 1h | $3.9M | $3.3M | 5x | as long as short |
| Lighter OP | +0.040% | +0.0096% | 1h | $295K | $836K | 15x | as long as short |
| MEXC OP_USDT | +0.056% | −0.0093% | 8h | $20.0M | $8.8M | 300x | as long as short |
| Injective OP/USDC PERP | +1.399% | +0.0248% | 1h | $25K | $184K | 12x | as long as short |