Spread before costs (cost unknown: a leg has no order-book sample)+0.245%
7d average—if it closes, per $10,000$24funding while held, a day+$47.08
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX OP/USD [OP-USDC] | 0.1266 | L −0.1469% / S +0.0291% | get 0.0184% / 1h | 40m 54s | $13K | — | 100x |
| Short | ApeX Omni OPUSDT | 0.1269 | 0.0100 | get 0.0013% / 1h | 40m 54s | $46K | $716K | 50x |
GMX OP/USD [OP-USDC]
ApeX Omni 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
- $24.49
- Funding while held
- $47.08
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $49.57
- Spread needed to break even
- 0.220%
Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 9 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1569%
- Per $10,000 a day
- +$47.08
- 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 GMX no order-book sample | — | — | — | — | — |
| Sell ApeX Omni live order book, 9 min ago | 11.76 bp | 21.5 bp −$22 | 122.2 bp −$1,222 | doesn't fit | doesn't fit |
GMX: 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 International0.1263cheapestExtended0.1264+0.093%BloFin0.1264+0.103%Gate0.1265+0.143%Variational Omni0.1265+0.145%Orderly0.1265+0.158%MEXC0.1265+0.166%Backpack0.1265+0.166%Aster0.1265+0.182%Bybit0.1265+0.182%Lighter0.1265+0.198%Aevo0.1265+0.198%SoDEX0.1265+0.198%OKX0.1266+0.222%
Coinbase International
Extended
BloFin
Gate
Variational Omni
Orderly
MEXC
Backpack
Aster
Bybit
Lighter
Aevo
SoDEX
OKXGMX0.1266+0.230%
HTX0.1266+0.230%KuCoin0.1266+0.238%Bitget0.1266+0.238%BingX0.1266+0.238%Deribit0.1266+0.238%Kraken Futures0.1266+0.256%gTrade (Gains Network)0.1266+0.258%Binance0.1266+0.261%Reya0.1266+0.267%dYdX0.1268+0.386%Hyperliquid0.1268+0.396%edgeX0.1269+0.437%
HTX
KuCoin
Bitget
BingX
Deribit
Kraken Futures
gTrade (Gains Network)
Binance
Reya
dYdX
HyperliquidApeX Omni0.1269+0.475%
Injective0.1276+1.029%
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 | −0.229% | −0.0296% | 1h | $27K | $85K | 50x | as long as short |
| Extended OP-USD | −0.136% | −0.0128% | 1h | $101K | $214K | 25x | as long as short |
| BloFin OP-USDT | −0.126% | −0.0008% | 8h | $1.0M | $580K | 75x | as long as short |
| Gate OP_USDT | −0.087% | +0.0100% | 8h | $1.8M | $1.7M | 50x | as long as short |
| Variational Omni OP | −0.085% | −0.0065% | 8h | $234K | $45K | — | as long as short |
| Orderly PERP_OP_USDC | −0.071% | −0.0078% | 8h | $7K | $53K | 10x | as long as short |
| MEXC OP_USDT | −0.063% | −0.0128% | 8h | $20.3M | $8.6M | 300x | as long as short |
| Backpack OP_USDC_PERP | −0.063% | +0.0100% | 1h | $131K | $169K | 10x | as long as short |
| Aster OPUSDT | −0.048% | +0.0100% | 8h | $200K | $453K | 10x | as long as short |
| Bybit OPUSDT | −0.047% | +0.0016% | 8h | $17.8M | $27.5M | 75x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter OP | −0.032% | +0.0096% | 1h | $296K | $829K | 15x | as long as short |
| Aevo OP-PERP | −0.032% | +0.0048% | 1h | $4K | — | 3x | as long as short |
| SoDEX OP-USD | −0.032% | +0.0100% | 1h | $178 | $5K | 5x | as long as short |
| OKX OP-USDT-SWAP | −0.008% | +0.0037% | 8h | $6.0M | $32.6M | 50x | as long as short |
| GMX OP/USD [OP-USDC]long | 0.000% | L −0.1469% / S +0.0291% | 1h | $13K | — | 100x | |
| HTX OP-USDT | 0.000% | +0.0100% | 8h | $188K | $250K | 50x | as long as short |
| KuCoin OPUSDTM | +0.008% | +0.0100% | 8h | $2.8M | $7.0M | 75x | as long as short |
| Bitget OPUSDT | +0.008% | +0.0100% | 8h | $5.9M | $6.2M | 75x | as long as short |
| BingX OP-USDC | +0.008% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.008% | 0.0000% | 1h | $47K | $200K | 25x | as long as short |
| Kraken Futures PF_OPUSD | +0.027% | +0.0242% | 1h | $780K | $657K | 20x | as long as short |
| gTrade (Gains Network) OP/USD | +0.028% | L +0.0005% / S −0.0004% | 1h | $1K | — | 150x | as long as short |
| Binance OPUSDT | +0.032% | −0.0128% | 8h | $20.9M | $66.4M | 75x | as long as short |
| Reya OPRUSDPERP | +0.038% | +0.0431% | 1h | $704 | — | 20x | as long as short |
| dYdX OP-USD | +0.156% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| Hyperliquid OP | +0.166% | +0.0100% | 1h | $4.0M | $3.1M | 5x | as long as short |
| edgeX OPUSDC | +0.207% | +0.0100% | 4h | $9K | $378K | 10x | as long as short |
| ApeX Omni OPUSDTshort | +0.245% | +0.0100% | 1h | $46K | $716K | 50x | |
| Injective OP/USDC PERP | +0.798% | +0.0248% | 1h | $25K | $184K | 12x | as long as short |