Spread before costs (cost unknown: a leg has no order-book sample)+0.225%
7d average—if it closes, per $10,000$23funding while held, a day+$31.19
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX OP/USD [OP-USDC] | 0.1259 | L −0.1162% / S +0.0245% | get 0.0145% / 1h | 20m 20s | $13K | — | 100x |
| Short | Variational Omni OP | 0.1261 | −0.0122 | pay 0.0122% / 8h | 7h 20m | $233K | $43K | — |
GMX OP/USD [OP-USDC]
Variational Omni OPPrice 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
- $22.52
- Funding while held
- $31.19
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $41.71
- Spread needed to break even
- 0.120%
Slippage unknown: GMX: no order-book sample; Variational Omni: RFQ quote, 25 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1040%
- Per $10,000 a day
- +$31.19
- 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 Variational Omni RFQ quote, 25 min ago | 3.97 bp | doesn't fit | 19.8 bp −$198 | 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.Bybit0.1257cheapestExtended0.1258+0.080%Reya0.1258+0.083%BingX0.1258+0.088%OKX0.1258+0.095%Gate0.1258+0.095%Binance0.1258+0.099%MEXC0.1258+0.111%Bitget0.1258+0.111%Orderly0.1258+0.111%SoDEX0.1258+0.135%
Bybit
Extended
Reya
BingX
OKX
Gate
Binance
MEXC
Bitget
Orderly
SoDEXGMX0.1259+0.164%
KuCoin0.1259+0.191%gTrade (Gains Network)0.1259+0.191%Deribit0.1259+0.191%Aevo0.1259+0.193%Kraken Futures0.1260+0.237%dYdX0.1260+0.249%Aster0.1260+0.278%Hyperliquid0.1260+0.294%Lighter0.1261+0.318%Coinbase International0.1261+0.350%
KuCoin
gTrade (Gains Network)
Deribit
Aevo
Kraken Futures
dYdX
Aster
Hyperliquid
Lighter
Coinbase InternationalVariational Omni0.1261+0.389%
BloFin0.1262+0.390%HTX0.1263+0.493%Backpack0.1263+0.501%edgeX0.1267+0.836%ApeX Omni0.1268+0.907%Injective0.1276+1.544%
BloFin
HTX
Backpack
ApeX Omni
InjectiveOP on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit OPUSDT | −0.164% | −0.0361% | 8h | $17.8M | $27.5M | 75x | as long as short |
| Extended OP-USD | −0.084% | −0.0024% | 1h | $101K | $208K | 25x | as long as short |
| Reya OPRUSDPERP | −0.080% | +0.0432% | 1h | $699 | — | 20x | as long as short |
| BingX OP-USDT | −0.076% | +0.0100% | 8h | — | $6.9M | — | as long as short |
| OKX OP-USDT-SWAP | −0.068% | +0.0026% | 8h | $6.0M | $33.0M | 50x | as long as short |
| Gate OP_USDT | −0.068% | +0.0100% | 8h | $1.8M | $1.6M | 50x | as long as short |
| Binance OPUSDT | −0.065% | −0.0020% | 8h | $20.6M | $68.7M | 75x | as long as short |
| MEXC OP_USDT | −0.052% | −0.0020% | 8h | $20.1M | $8.8M | 300x | as long as short |
| Bitget OPUSDT | −0.052% | +0.0100% | 8h | $6.0M | $6.4M | 75x | as long as short |
| Orderly PERP_OP_USDC | −0.052% | −0.0074% | 8h | $6K | $53K | 10x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX OP-USD | −0.029% | +0.0100% | 1h | $183 | $6K | 5x | as long as short |
| GMX OP/USD [OP-USDC]long | 0.000% | L −0.1162% / S +0.0245% | 1h | $13K | — | 100x | |
| KuCoin OPUSDTM | +0.027% | +0.0100% | 8h | $2.9M | $7.4M | 75x | as long as short |
| gTrade (Gains Network) OP/USD | +0.027% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.027% | 0.0000% | 1h | $47K | $200K | 25x | as long as short |
| Aevo OP-PERP | +0.029% | +0.0080% | 1h | $4K | — | 3x | as long as short |
| Kraken Futures PF_OPUSD | +0.073% | +0.0473% | 1h | $782K | $678K | 20x | as long as short |
| dYdX OP-USD | +0.085% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| Aster OPUSDT | +0.114% | +0.0100% | 8h | $212K | $465K | 10x | as long as short |
| Hyperliquid OP | +0.130% | +0.0100% | 1h | $3.9M | $3.3M | 5x | as long as short |
| Lighter OP | +0.154% | +0.0096% | 1h | $282K | $900K | 15x | as long as short |
| Coinbase International OP-PERP-INTX | +0.186% | −0.0304% | 1h | $22K | $85K | 50x | as long as short |
| Variational Omni OPshort | +0.225% | −0.0122% | 8h | $233K | $43K | — | |
| BloFin OP-USDT | +0.226% | +0.0100% | 8h | $1.0M | $581K | 75x | as long as short |
| HTX OP-USDT | +0.329% | +0.0100% | 8h | $180K | $270K | 50x | as long as short |
| Backpack OP_USDC_PERP | +0.337% | +0.0100% | 1h | $136K | $187K | 10x | as long as short |
| edgeX OPUSDC | +0.671% | +0.0100% | 4h | $9K | $378K | 10x | as long as short |
| ApeX Omni OPUSDT | +0.742% | +0.0100% | 1h | $45K | $712K | 50x | as long as short |
| Injective OP/USDC PERP | +1.378% | +0.0033% | 1h | $25K | $184K | 12x | as long as short |