Spread before costs (cost unknown: a leg has no order-book sample)−0.168%
7d average—if it closes, per $10,000$17funding while held, a day+$45.01
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX OP/USD [OP-USDC] | 0.1264 | L −0.1440% / S +0.0291% | get 0.0180% / 1h | 52m 06s | $13K | — | 100x |
| Short | BloFin OP-USDT | 0.1262 | 0.0061 | get 0.0061% / 8h | 7h 52m | $1.0M | $582K | 75x |
GMX OP/USD [OP-USDC]
BloFin 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
- −$16.85
- Funding while held
- $45.01
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $4.17
- Spread needed to break even
- 0.240%
Slippage unknown: GMX: no order-book sample; BloFin: live order book, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1500%
- Per $10,000 a day
- +$45.01
- 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 BloFin live order book, 1 min ago | 0.40 bp | 10.1 bp −$10 | 17.1 bp −$171 | 60.2 bp −$6,020 | 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 International0.1248cheapestdYdX0.1260+0.962%ApeX Omni0.1260+0.962%edgeX0.1261+1.024%Gate0.1261+1.050%Bybit0.1261+1.066%OKX0.1262+1.082%Aster0.1262+1.098%Backpack0.1262+1.114%Hyperliquid0.1262+1.122%Bitget0.1262+1.122%BingX0.1262+1.122%
Coinbase International
dYdX
ApeX Omni
Gate
Bybit
OKX
Aster
Backpack
Hyperliquid
Bitget
BingXBloFin0.1262+1.146%
Reya0.1262+1.157%Lighter0.1263+1.162%MEXC0.1263+1.162%Extended0.1263+1.173%Binance0.1263+1.175%HTX0.1263+1.186%SoDEX0.1263+1.194%KuCoin0.1263+1.202%Orderly0.1263+1.202%Variational Omni0.1263+1.213%Aevo0.1264+1.248%gTrade (Gains Network)0.1264+1.282%Deribit0.1264+1.282%Kraken Futures0.1264+1.308%
Reya
Lighter
MEXC
Extended
Binance
HTX
SoDEX
KuCoin
Orderly
Variational Omni
Aevo
gTrade (Gains Network)
Deribit
Kraken FuturesGMX0.1264+1.317%
Injective0.1276+2.244%
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 | −1.299% | −0.0304% | 1h | $22K | $90K | 50x | as long as short |
| dYdX OP-USD | −0.350% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| ApeX Omni OPUSDT | −0.350% | +0.0100% | 1h | $45K | $714K | 50x | as long as short |
| edgeX OPUSDC | −0.289% | +0.0100% | 4h | $8K | $379K | 10x | as long as short |
| Gate OP_USDT | −0.263% | +0.0100% | 8h | $1.8M | $1.6M | 50x | as long as short |
| Bybit OPUSDT | −0.248% | −0.0335% | 8h | $17.9M | $28.0M | 75x | as long as short |
| OKX OP-USDT-SWAP | −0.232% | +0.0035% | 8h | $6.0M | $33.4M | 50x | as long as short |
| Aster OPUSDT | −0.215% | +0.0100% | 8h | $214K | $470K | 10x | as long as short |
| Backpack OP_USDC_PERP | −0.200% | +0.0100% | 1h | $137K | $183K | 10x | as long as short |
| Hyperliquid OP | −0.192% | +0.0100% | 1h | $3.9M | $3.3M | 5x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget OPUSDT | −0.192% | +0.0100% | 8h | $6.0M | $6.5M | 75x | as long as short |
| BingX OP-USDC | −0.192% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| BloFin OP-USDTshort | −0.168% | +0.0061% | 8h | $1.0M | $582K | 75x | |
| Reya OPRUSDPERP | −0.157% | +0.0431% | 1h | $702 | — | 20x | as long as short |
| Lighter OP | −0.153% | +0.0096% | 1h | $283K | $827K | 15x | as long as short |
| MEXC OP_USDT | −0.153% | −0.0059% | 8h | $20.2M | $8.7M | 300x | as long as short |
| Extended OP-USD | −0.141% | −0.0056% | 1h | $101K | $212K | 25x | as long as short |
| Binance OPUSDT | −0.139% | −0.0056% | 8h | $21.0M | $69.3M | 75x | as long as short |
| HTX OP-USDT | −0.129% | +0.0100% | 8h | $181K | $273K | 50x | as long as short |
| SoDEX OP-USD | −0.121% | +0.0100% | 1h | $184 | $5K | 5x | as long as short |
| KuCoin OPUSDTM | −0.113% | +0.0100% | 8h | $2.9M | $7.4M | 75x | as long as short |
| Orderly PERP_OP_USDC | −0.113% | −0.0077% | 8h | $6K | $54K | 10x | as long as short |
| Variational Omni OP | −0.102% | −0.0078% | 8h | $232K | $46K | — | as long as short |
| Aevo OP-PERP | −0.067% | +0.0064% | 1h | $4K | — | 3x | as long as short |
| gTrade (Gains Network) OP/USD | −0.034% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.034% | 0.0000% | 1h | $47K | $200K | 25x | as long as short |
| Kraken Futures PF_OPUSD | −0.008% | +0.0471% | 1h | $784K | $678K | 20x | as long as short |
| GMX OP/USD [OP-USDC]long | 0.000% | L −0.1440% / S +0.0291% | 1h | $13K | — | 100x | |
| Injective OP/USDC PERP | +0.915% | +0.0033% | 1h | $25K | $184K | 12x | as long as short |