Spread before costs (cost unknown: a leg has no order-book sample)+0.296%
7d average—if it closes, per $10,000$30funding 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] | 0.1272 | L −0.1469% / S +0.0291% | get 0.0184% / 1h | 56m 43s | $13K | — | 100x |
| Short | Gate OP_USDT | 0.1276 | 0.0100 | get 0.0100% / 8h | 56m 43s | $1.8M | $1.6M | 50x |
GMX OP/USD [OP-USDC]
Gate 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
- $29.55
- Funding while held
- $47.08
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $49.63
- Spread needed to break even
- 0.270%
Slippage unknown: GMX: no order-book sample; Gate: live order book, 2 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 Gate live order book, 2 min ago | 6.27 bp | 27.9 bp −$28 | 73.1 bp −$731 | 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.Reya0.1271cheapestOrderly0.1271+0.018%Aevo0.1271+0.018%Deribit0.1271+0.018%Backpack0.1272+0.081%SoDEX0.1272+0.081%Coinbase International0.1272+0.097%gTrade (Gains Network)0.1272+0.112%BloFin0.1272+0.112%
Reya
Orderly
Aevo
Deribit
Backpack
SoDEX
Coinbase International
gTrade (Gains Network)
BloFinGMX0.1272+0.116%
edgeX0.1272+0.135%HTX0.1273+0.152%ApeX Omni0.1274+0.254%Kraken Futures0.1274+0.264%Aster0.1274+0.272%Bybit0.1274+0.278%Binance0.1275+0.320%KuCoin0.1275+0.333%Bitget0.1275+0.333%Extended0.1275+0.336%Variational Omni0.1275+0.337%MEXC0.1275+0.341%Lighter0.1275+0.348%BingX0.1275+0.348%OKX0.1275+0.364%dYdX0.1276+0.395%Hyperliquid0.1276+0.396%
HTX
ApeX Omni
Kraken Futures
Aster
Bybit
Binance
KuCoin
Bitget
Extended
Variational Omni
MEXC
Lighter
BingX
OKX
dYdX
HyperliquidGate0.1276+0.411%
Injective0.1276+0.411%
InjectiveOP on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya OPRUSDPERP | −0.115% | +0.0431% | 1h | $707 | — | 20x | as long as short |
| Orderly PERP_OP_USDC | −0.097% | −0.0082% | 8h | $7K | $53K | 10x | as long as short |
| Aevo OP-PERP | −0.097% | +0.0048% | 1h | $4K | — | 3x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.097% | −0.0536% | 1h | $48K | $199K | 25x | as long as short |
| Backpack OP_USDC_PERP | −0.035% | +0.0100% | 1h | $132K | $168K | 10x | as long as short |
| SoDEX OP-USD | −0.035% | +0.0100% | 1h | $176 | $5K | 5x | as long as short |
| Coinbase International OP-PERP-INTX | −0.019% | −0.0296% | 1h | $28K | $84K | 50x | as long as short |
| gTrade (Gains Network) OP/USD | −0.004% | L +0.0005% / S −0.0004% | 1h | $1K | — | 150x | as long as short |
| BloFin OP-USDT | −0.003% | −0.0017% | 8h | $1.0M | $583K | 75x | as long as short |
| GMX OP/USD [OP-USDC]long | 0.000% | L −0.1469% / S +0.0291% | 1h | $13K | — | 100x |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX OPUSDC | +0.019% | +0.0100% | 4h | $9K | $377K | 10x | as long as short |
| HTX OP-USDT | +0.036% | +0.0100% | 8h | $191K | $247K | 50x | as long as short |
| ApeX Omni OPUSDT | +0.138% | +0.0100% | 1h | $46K | $714K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.148% | +0.0240% | 1h | $785K | $660K | 20x | as long as short |
| Aster OPUSDT | +0.157% | +0.0100% | 8h | $201K | $433K | 10x | as long as short |
| Bybit OPUSDT | +0.162% | +0.0010% | 8h | $17.9M | $27.4M | 75x | as long as short |
| Binance OPUSDT | +0.204% | −0.0137% | 8h | $20.8M | $65.8M | 75x | as long as short |
| KuCoin OPUSDTM | +0.217% | +0.0100% | 8h | $2.8M | $6.9M | 75x | as long as short |
| Bitget OPUSDT | +0.217% | +0.0100% | 8h | $5.9M | $6.1M | 75x | as long as short |
| Extended OP-USD | +0.220% | −0.0136% | 1h | $102K | $214K | 25x | as long as short |
| Variational Omni OP | +0.221% | −0.0063% | 8h | $236K | $45K | — | as long as short |
| MEXC OP_USDT | +0.225% | −0.0136% | 8h | $20.2M | $8.5M | 300x | as long as short |
| Lighter OP | +0.233% | +0.0096% | 1h | $299K | $826K | 15x | as long as short |
| BingX OP-USDT | +0.233% | +0.0100% | 8h | — | $6.7M | — | as long as short |
| OKX OP-USDT-SWAP | +0.248% | +0.0043% | 8h | $6.0M | $32.7M | 50x | as long as short |
| dYdX OP-USD | +0.279% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| Hyperliquid OP | +0.280% | +0.0100% | 1h | $4.1M | $3.1M | 5x | as long as short |
| Gate OP_USDTshort | +0.296% | +0.0100% | 8h | $1.8M | $1.6M | 50x | |
| Injective OP/USDC PERP | +0.296% | +0.0248% | 1h | $25K | $184K | 12x | as long as short |