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+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate OP_USDT | 0.1268 | 0.0100 | pay 0.0100% / 8h | 7h 14m | $1.8M | $1.6M | 50x |
| Short | SoDEX OP-USD | 0.1268 | 0.0100 | get 0.0013% / 1h | 14m 41s | $189 | $5K | 5x |
Gate OP_USDT
SoDEX OP-USDPrice 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
- −$1.58
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$24.58
- Spread needed to break even
- 0.230%
Slippage unknown: Gate: live order book, 4 min ago; SoDEX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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, 4 min ago | 4.36 bp | 27.0 bp −$27 | 64.7 bp −$647 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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 International0.1257cheapestedgeX0.1259+0.149%ApeX Omni0.1264+0.557%Variational Omni0.1266+0.698%Bybit0.1266+0.724%OKX0.1267+0.780%BingX0.1267+0.796%Extended0.1267+0.803%Lighter0.1268+0.835%Binance0.1268+0.848%MEXC0.1268+0.867%KuCoin0.1268+0.875%Bitget0.1268+0.875%Orderly0.1268+0.875%
Coinbase International
ApeX Omni
Variational Omni
Bybit
OKX
BingX
Extended
Lighter
Binance
MEXC
KuCoin
Bitget
OrderlySoDEX0.1268+0.891%
BloFin0.1268+0.899%
BloFinGate0.1268+0.907%
Backpack0.1268+0.907%Aevo0.1269+0.917%Deribit0.1269+0.955%Reya0.1269+0.955%dYdX0.1269+0.964%HTX0.1269+0.979%Aster0.1269+0.990%Kraken Futures0.1269+0.990%GMX0.1269+0.994%Hyperliquid0.1270+1.002%gTrade (Gains Network)0.1270+1.034%Injective0.1276+1.512%
Backpack
Aevo
Deribit
Reya
dYdX
HTX
Aster
Kraken Futures
GMX
Hyperliquid
gTrade (Gains Network)
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 | −0.899% | −0.0304% | 1h | $22K | $85K | 50x | as long as short |
| edgeX OPUSDC | −0.751% | +0.0100% | 4h | $9K | $379K | 10x | as long as short |
| ApeX Omni OPUSDT | −0.347% | +0.0100% | 1h | $45K | $713K | 50x | as long as short |
| Variational Omni OP | −0.207% | −0.0123% | 8h | $233K | $43K | — | as long as short |
| Bybit OPUSDT | −0.181% | −0.0385% | 8h | $17.9M | $27.4M | 75x | as long as short |
| OKX OP-USDT-SWAP | −0.126% | +0.0029% | 8h | $6.0M | $33.2M | 50x | as long as short |
| BingX OP-USDC | −0.110% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| Extended OP-USD | −0.103% | −0.0016% | 1h | $101K | $208K | 25x | as long as short |
| Lighter OP | −0.071% | +0.0096% | 1h | $284K | $900K | 15x | as long as short |
| Binance OPUSDT | −0.059% | −0.0010% | 8h | $20.7M | $68.6M | 75x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC OP_USDT | −0.039% | −0.0013% | 8h | $20.1M | $8.9M | 300x | as long as short |
| KuCoin OPUSDTM | −0.032% | +0.0100% | 8h | $2.9M | $7.4M | 75x | as long as short |
| Bitget OPUSDT | −0.032% | +0.0100% | 8h | $6.0M | $6.4M | 75x | as long as short |
| Orderly PERP_OP_USDC | −0.032% | −0.0074% | 8h | $6K | $53K | 10x | as long as short |
| SoDEX OP-USDshort | −0.016% | +0.0100% | 1h | $189 | $5K | 5x | |
| BloFin OP-USDT | −0.008% | +0.0107% | 8h | $1.0M | $584K | 75x | as long as short |
| Gate OP_USDTlong | 0.000% | +0.0100% | 8h | $1.8M | $1.6M | 50x | |
| Backpack OP_USDC_PERP | 0.000% | +0.0100% | 1h | $135K | $189K | 10x | as long as short |
| Aevo OP-PERP | +0.010% | +0.0072% | 1h | $4K | — | 3x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.047% | 0.0000% | 1h | $48K | $200K | 25x | as long as short |
| Reya OPRUSDPERP | +0.048% | +0.0432% | 1h | $706 | — | 20x | as long as short |
| dYdX OP-USD | +0.056% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| HTX OP-USDT | +0.071% | +0.0100% | 8h | $181K | $267K | 50x | as long as short |
| Aster OPUSDT | +0.082% | +0.0100% | 8h | $214K | $465K | 10x | as long as short |
| Kraken Futures PF_OPUSD | +0.082% | +0.0469% | 1h | $788K | $679K | 20x | as long as short |
| GMX OP/USD [OP-USDC] | +0.086% | L −0.1162% / S +0.0245% | 1h | $13K | — | 100x | as long as short |
| Hyperliquid OP | +0.095% | +0.0100% | 1h | $4.0M | $3.3M | 5x | as long as short |
| gTrade (Gains Network) OP/USD | +0.126% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| Injective OP/USDC PERP | +0.599% | +0.0033% | 1h | $25K | $184K | 12x | as long as short |