Spread before costs (cost unknown: a leg has no order-book sample)−0.806%
7d average—if it closes, per $10,000$81funding while held, a day+$25.73
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX OP/USD [OP-USDC] | 0.1267 | L −0.1162% / S +0.0245% | get 0.0145% / 1h | 16m 29s | $13K | — | 100x |
| Short | Coinbase International OP-PERP-INTX | 0.1257 | −0.0304 | pay 0.0038% / 1h | 16m 29s | $22K | $85K | 50x |
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTXPrice 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
- −$80.65
- Funding while held
- $25.73
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$76.92
- Spread needed to break even
- 0.220%
Slippage unknown: GMX: no order-book sample; Coinbase International: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0858%
- Per $10,000 a day
- +$25.73
- 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 Coinbase International no order-book sample | — | — | — | — | — |
GMX and Coinbase International: 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 International0.1257cheapest
edgeX0.1259+0.149%ApeX Omni0.1260+0.239%Variational Omni0.1261+0.358%BloFin0.1266+0.700%HTX0.1266+0.716%Gate0.1266+0.732%SoDEX0.1266+0.748%Aevo0.1266+0.749%Backpack0.1267+0.780%Extended0.1267+0.788%Orderly0.1267+0.796%Deribit0.1267+0.796%Aster0.1267+0.797%
ApeX Omni
Variational Omni
BloFin
HTX
Gate
SoDEX
Aevo
Backpack
Extended
Orderly
Deribit
AsterGMX0.1267+0.813%
Lighter0.1267+0.819%Bybit0.1267+0.827%dYdX0.1268+0.875%KuCoin0.1268+0.875%Kraken Futures0.1268+0.877%OKX0.1269+0.939%Reya0.1269+0.941%Bitget0.1269+0.955%BingX0.1269+0.971%MEXC0.1270+1.018%Binance0.1270+1.066%Hyperliquid0.1271+1.082%gTrade (Gains Network)0.1271+1.102%Injective0.1276+1.512%
Lighter
Bybit
dYdX
KuCoin
Kraken Futures
OKX
Reya
Bitget
BingX
MEXC
Binance
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-INTXshort | −0.806% | −0.0304% | 1h | $22K | $85K | 50x | |
| edgeX OPUSDC | −0.658% | +0.0100% | 4h | $9K | $379K | 10x | as long as short |
| ApeX Omni OPUSDT | −0.570% | +0.0100% | 1h | $45K | $713K | 50x | as long as short |
| Variational Omni OP | −0.452% | −0.0122% | 8h | $233K | $43K | — | as long as short |
| BloFin OP-USDT | −0.112% | +0.0103% | 8h | $1.0M | $583K | 75x | as long as short |
| HTX OP-USDT | −0.096% | +0.0100% | 8h | $180K | $269K | 50x | as long as short |
| Gate OP_USDT | −0.080% | +0.0100% | 8h | $1.8M | $1.6M | 50x | as long as short |
| SoDEX OP-USD | −0.065% | +0.0100% | 1h | $183 | $6K | 5x | as long as short |
| Aevo OP-PERP | −0.063% | +0.0072% | 1h | $4K | — | 3x | as long as short |
| Backpack OP_USDC_PERP | −0.033% | +0.0100% | 1h | $135K | $189K | 10x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended OP-USD | −0.025% | −0.0016% | 1h | $101K | $208K | 25x | as long as short |
| Orderly PERP_OP_USDC | −0.017% | −0.0074% | 8h | $6K | $53K | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.017% | 0.0000% | 1h | $47K | $200K | 25x | as long as short |
| Aster OPUSDT | −0.016% | +0.0100% | 8h | $213K | $465K | 10x | as long as short |
| GMX OP/USD [OP-USDC]long | 0.000% | L −0.1162% / S +0.0245% | 1h | $13K | — | 100x | |
| Lighter OP | +0.006% | +0.0096% | 1h | $283K | $900K | 15x | as long as short |
| Bybit OPUSDT | +0.014% | −0.0343% | 8h | $17.9M | $27.4M | 75x | as long as short |
| dYdX OP-USD | +0.062% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| KuCoin OPUSDTM | +0.062% | +0.0100% | 8h | $2.9M | $7.4M | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.063% | +0.0469% | 1h | $787K | $679K | 20x | as long as short |
| OKX OP-USDT-SWAP | +0.125% | +0.0027% | 8h | $6.0M | $33.3M | 50x | as long as short |
| Reya OPRUSDPERP | +0.127% | +0.0432% | 1h | $706 | — | 20x | as long as short |
| Bitget OPUSDT | +0.140% | +0.0100% | 8h | $6.0M | $6.4M | 75x | as long as short |
| BingX OP-USDT | +0.156% | +0.0100% | 8h | — | $6.9M | — | as long as short |
| MEXC OP_USDT | +0.204% | −0.0016% | 8h | $20.2M | $8.9M | 300x | as long as short |
| Binance OPUSDT | +0.251% | −0.0017% | 8h | $20.8M | $68.6M | 75x | as long as short |
| Hyperliquid OP | +0.267% | +0.0100% | 1h | $4.0M | $3.3M | 5x | as long as short |
| gTrade (Gains Network) OP/USD | +0.286% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| Injective OP/USDC PERP | +0.693% | +0.0033% | 1h | $25K | $184K | 12x | as long as short |