Spread before costs (cost unknown: a leg has no order-book sample)−0.014%
7d average—if it closes, per $10,000$1funding while held, a day+$35.80
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX OP/USD [OP-USDC] | 0.1233 | L −0.1162% / S +0.0245% | get 0.0145% / 1h | 20m 41s | $13K | — | 100x |
| Short | OKX OP-USDT-SWAP | 0.1233 | 0.0032 | get 0.0032% / 8h | 5h 20m | $5.6M | $30.2M | 50x |
GMX OP/USD [OP-USDC]
OKX OP-USDT-SWAPPrice 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
- −$1.38
- Funding while held
- $35.8
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $12.42
- Spread needed to break even
- 0.220%
Slippage unknown: GMX: no order-book sample; OKX: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1193%
- Per $10,000 a day
- +$35.80
- 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 OKX live order book, 4 min ago | 0.41 bp | 11.7 bp −$12 | 29.0 bp −$290 | 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.Injective0.1225cheapestCoinbase International0.1230+0.408%edgeX0.1232+0.551%KuCoin0.1232+0.571%ApeX Omni0.1232+0.571%Orderly0.1232+0.571%Bybit0.1232+0.596%BloFin0.1232+0.604%Reya0.1232+0.605%Backpack0.1233+0.637%Binance0.1233+0.645%Gate0.1233+0.645%MEXC0.1233+0.645%Bitget0.1233+0.653%BingX0.1233+0.653%Aevo0.1233+0.653%SoDEX0.1233+0.653%Deribit0.1233+0.653%Extended0.1233+0.656%gTrade (Gains Network)0.1233+0.666%
Injective
Coinbase International
KuCoin
ApeX Omni
Orderly
Bybit
BloFin
Reya
Backpack
Binance
Gate
MEXC
Bitget
BingX
Aevo
SoDEX
Deribit
Extended
gTrade (Gains Network)OKX0.1233+0.669%
dYdX0.1233+0.672%Aster0.1233+0.675%
dYdX
AsterGMX0.1233+0.683%
HTX0.1233+0.686%Lighter0.1234+0.702%Variational Omni0.1234+0.711%Kraken Futures0.1234+0.767%Hyperliquid0.1234+0.767%
HTX
Lighter
Variational Omni
Kraken Futures
HyperliquidOP on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.679% | −0.1842% | 1h | $34K | $86K | 12x | as long as short |
| Coinbase International OP-PERP-INTX | −0.273% | −0.0336% | 1h | $21K | $68K | 50x | as long as short |
| edgeX OPUSDC | −0.131% | +0.0100% | 4h | $8K | $380K | 10x | as long as short |
| KuCoin OPUSDTM | −0.111% | +0.0100% | 8h | $2.9M | $7.4M | 75x | as long as short |
| ApeX Omni OPUSDT | −0.111% | +0.0100% | 1h | $44K | $720K | 50x | as long as short |
| Orderly PERP_OP_USDC | −0.111% | −0.0037% | 8h | $6K | $53K | 10x | as long as short |
| Bybit OPUSDT | −0.087% | +0.0071% | 8h | $17.9M | $26.6M | 75x | as long as short |
| BloFin OP-USDT | −0.079% | +0.0217% | 8h | $977K | $310K | 75x | as long as short |
| Reya OPRUSDPERP | −0.078% | +0.0434% | 1h | $685 | — | 20x | as long as short |
| Backpack OP_USDC_PERP | −0.046% | +0.0100% | 1h | $126K | $197K | 10x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance OPUSDT | −0.038% | +0.0097% | 8h | $19.5M | $65.3M | 75x | as long as short |
| Gate OP_USDT | −0.038% | +0.0038% | 8h | $1.8M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | −0.038% | +0.0096% | 8h | $19.4M | $7.4M | 300x | as long as short |
| Bitget OPUSDT | −0.030% | +0.0100% | 8h | $6.0M | $6.2M | 75x | as long as short |
| BingX OP-USDC | −0.030% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| Aevo OP-PERP | −0.030% | +0.0104% | 1h | $4K | — | 3x | as long as short |
| SoDEX OP-USD | −0.030% | +0.0100% | 1h | $186 | $6K | 5x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.030% | 0.0000% | 1h | $43K | $185K | 25x | as long as short |
| Extended OP-USD | −0.027% | +0.0096% | 1h | $99K | $206K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | −0.017% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| OKX OP-USDT-SWAPshort | −0.014% | +0.0032% | 8h | $5.6M | $30.2M | 50x | |
| dYdX OP-USD | −0.011% | 0.0000% | 1h | $38K | $367 | 10x | as long as short |
| Aster OPUSDT | −0.008% | +0.0100% | 8h | $211K | $268K | 10x | as long as short |
| GMX OP/USD [OP-USDC]long | 0.000% | L −0.1162% / S +0.0245% | 1h | $13K | — | 100x | |
| HTX OP-USDT | +0.002% | +0.0100% | 8h | $176K | $259K | 50x | as long as short |
| Lighter OP | +0.019% | +0.0096% | 1h | $266K | $907K | 15x | as long as short |
| Variational Omni OP | +0.027% | −0.0097% | 8h | $224K | $41K | — | as long as short |
| Kraken Futures PF_OPUSD | +0.083% | +0.0546% | 1h | $766K | $779K | 20x | as long as short |
| Hyperliquid OP | +0.084% | +0.0100% | 1h | $3.8M | $3.1M | 5x | as long as short |