Spread before costs (cost unknown: a leg has no order-book sample)−0.757%
7d average—if it closes, per $10,000$76funding while held, a day+$57.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX OP/USD [OP-USDC] | 0.1270 | L −0.1469% / S +0.0291% | get 0.0184% / 1h | 39m 31s | $13K | — | 100x |
| Short | Reya OPRUSDPERP | 0.1260 | 0.0431 | get 0.0054% / 1h | 39m 31s | $701 | — | 20x |
GMX OP/USD [OP-USDC]
Reya OPRUSDPERPPrice 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
- −$75.69
- Funding while held
- $57
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$36.68
- Spread needed to break even
- 0.180%
Slippage unknown: GMX: no order-book sample; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1900%
- Per $10,000 a day
- +$57.00
- 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 Reya no order-book sample | — | — | — | — | — |
GMX and Reya: 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.Extended0.1258cheapestGate0.1259+0.054%OKX0.1259+0.078%Bybit0.1259+0.085%Binance0.1260+0.113%Bitget0.1260+0.133%BingX0.1260+0.133%
Extended
Gate
OKX
Bybit
Binance
Bitget
BingXReya0.1260+0.139%
dYdX0.1261+0.203%MEXC0.1261+0.244%Lighter0.1262+0.292%KuCoin0.1262+0.292%Coinbase International0.1263+0.372%BloFin0.1264+0.475%Variational Omni0.1265+0.517%Hyperliquid0.1265+0.538%Aster0.1266+0.604%edgeX0.1266+0.636%Backpack0.1267+0.658%SoDEX0.1268+0.761%Kraken Futures0.1269+0.837%Aevo0.1269+0.840%ApeX Omni0.1269+0.848%Orderly0.1269+0.848%Deribit0.1269+0.848%HTX0.1269+0.864%
dYdX
MEXC
Lighter
KuCoin
Coinbase International
BloFin
Variational Omni
Hyperliquid
Aster
Backpack
SoDEX
Kraken Futures
Aevo
ApeX Omni
Orderly
Deribit
HTXGMX0.1270+0.902%
gTrade (Gains Network)0.1270+0.921%Injective0.1276+1.405%
gTrade (Gains Network)
InjectiveOP on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended OP-USD | −0.894% | −0.0128% | 1h | $101K | $214K | 25x | as long as short |
| Gate OP_USDT | −0.841% | +0.0100% | 8h | $1.8M | $1.7M | 50x | as long as short |
| OKX OP-USDT-SWAP | −0.818% | +0.0036% | 8h | $6.0M | $32.6M | 50x | as long as short |
| Bybit OPUSDT | −0.810% | +0.0013% | 8h | $17.7M | $27.6M | 75x | as long as short |
| Binance OPUSDT | −0.782% | −0.0125% | 8h | $20.9M | $66.6M | 75x | as long as short |
| Bitget OPUSDT | −0.762% | +0.0100% | 8h | $5.9M | $6.2M | 75x | as long as short |
| BingX OP-USDC | −0.762% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| Reya OPRUSDPERPshort | −0.757% | +0.0431% | 1h | $701 | — | 20x | |
| dYdX OP-USD | −0.694% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| MEXC OP_USDT | −0.652% | −0.0126% | 8h | $20.3M | $8.6M | 300x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter OP | −0.605% | +0.0096% | 1h | $295K | $829K | 15x | as long as short |
| KuCoin OPUSDTM | −0.605% | +0.0100% | 8h | $2.8M | $7.0M | 75x | as long as short |
| Coinbase International OP-PERP-INTX | −0.526% | −0.0296% | 1h | $27K | $85K | 50x | as long as short |
| BloFin OP-USDT | −0.424% | −0.0008% | 8h | $1.0M | $580K | 75x | as long as short |
| Variational Omni OP | −0.382% | −0.0065% | 8h | $234K | $45K | — | as long as short |
| Hyperliquid OP | −0.361% | +0.0100% | 1h | $4.0M | $3.1M | 5x | as long as short |
| Aster OPUSDT | −0.296% | +0.0100% | 8h | $200K | $454K | 10x | as long as short |
| edgeX OPUSDC | −0.264% | +0.0100% | 4h | $9K | $378K | 10x | as long as short |
| Backpack OP_USDC_PERP | −0.243% | +0.0100% | 1h | $131K | $170K | 10x | as long as short |
| SoDEX OP-USD | −0.140% | +0.0100% | 1h | $177 | $5K | 5x | as long as short |
| Kraken Futures PF_OPUSD | −0.065% | +0.0241% | 1h | $782K | $657K | 20x | as long as short |
| Aevo OP-PERP | −0.061% | +0.0048% | 1h | $4K | — | 3x | as long as short |
| ApeX Omni OPUSDT | −0.054% | +0.0100% | 1h | $46K | $716K | 50x | as long as short |
| Orderly PERP_OP_USDC | −0.054% | −0.0078% | 8h | $7K | $53K | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.054% | 0.0000% | 1h | $48K | $200K | 25x | as long as short |
| HTX OP-USDT | −0.038% | +0.0100% | 8h | $188K | $250K | 50x | as long as short |
| GMX OP/USD [OP-USDC]long | 0.000% | L −0.1469% / S +0.0291% | 1h | $13K | — | 100x | |
| gTrade (Gains Network) OP/USD | +0.018% | L +0.0005% / S −0.0004% | 1h | $1K | — | 150x | as long as short |
| Injective OP/USDC PERP | +0.498% | +0.0248% | 1h | $25K | $184K | 12x | as long as short |