Spread before costs (cost unknown: a leg has no order-book sample)−1.304%
7d average—if it closes, per $10,000$130funding while held, a day−$13.08
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid OP | 0.1235 | 0.0100 | pay 0.0013% / 1h | 58m 27s | $3.8M | $3.2M | 5x |
| Short | Coinbase International OP-PERP-INTX | 0.1219 | −0.0336 | pay 0.0042% / 1h | 58m 27s | $21K | $69K | 50x |
Hyperliquid OP
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
- −$130.35
- Funding while held
- −$13.08
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$162.43
- Spread needed to break even
- 0.190%
Slippage unknown: Hyperliquid: live order book, 4 min ago; Coinbase International: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0436%
- Per $10,000 a day
- −$13.08
- 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 Hyperliquid live order book, 4 min ago | 1.21 bp | 11.5 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
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 International0.1219cheapest
Injective0.1232+1.066%Extended0.1232+1.068%Binance0.1232+1.107%edgeX0.1233+1.119%Gate0.1233+1.132%BingX0.1233+1.132%Bybit0.1233+1.148%KuCoin0.1233+1.148%Lighter0.1233+1.181%dYdX0.1234+1.263%Aster0.1235+1.279%OKX0.1235+1.296%Reya0.1235+1.300%SoDEX0.1235+1.304%Bitget0.1235+1.313%ApeX Omni0.1235+1.313%Orderly0.1235+1.313%Deribit0.1235+1.313%
Injective
Extended
Binance
Gate
BingX
Bybit
KuCoin
Lighter
dYdX
Aster
OKX
Reya
SoDEX
Bitget
ApeX Omni
Orderly
DeribitHyperliquid0.1235+1.321%
Variational Omni0.1235+1.326%MEXC0.1235+1.337%BloFin0.1235+1.345%Backpack0.1235+1.354%GMX0.1236+1.361%Aevo0.1236+1.368%HTX0.1236+1.386%gTrade (Gains Network)0.1236+1.396%Kraken Futures0.1237+1.457%
Variational Omni
MEXC
BloFin
Backpack
GMX
Aevo
HTX
gTrade (Gains Network)
Kraken FuturesOP 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 | −1.304% | −0.0336% | 1h | $21K | $69K | 50x | |
| Injective OP/USDC PERP | −0.251% | −0.1842% | 1h | $34K | $86K | 12x | as long as short |
| Extended OP-USD | −0.249% | +0.0064% | 1h | $99K | $206K | 25x | as long as short |
| Binance OPUSDT | −0.211% | +0.0061% | 8h | $19.6M | $66.8M | 75x | as long as short |
| edgeX OPUSDC | −0.199% | +0.0100% | 4h | $9K | $382K | 10x | as long as short |
| Gate OP_USDT | −0.186% | +0.0043% | 8h | $1.8M | $1.4M | 50x | as long as short |
| BingX OP-USDT | −0.186% | +0.0100% | 8h | — | $6.6M | — | as long as short |
| Bybit OPUSDT | −0.170% | −0.0034% | 8h | $17.8M | $26.8M | 75x | as long as short |
| KuCoin OPUSDTM | −0.170% | +0.0100% | 8h | $2.9M | $7.4M | 75x | as long as short |
| Lighter OP | −0.138% | +0.0096% | 1h | $266K | $903K | 15x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| dYdX OP-USD | −0.057% | 0.0000% | 1h | $38K | $10 | 10x | as long as short |
| Aster OPUSDT | −0.041% | +0.0100% | 8h | $211K | $266K | 10x | as long as short |
| OKX OP-USDT-SWAP | −0.024% | +0.0014% | 8h | $5.7M | $31.1M | 50x | as long as short |
| Reya OPRUSDPERP | −0.021% | +0.0433% | 1h | $687 | — | 20x | as long as short |
| SoDEX OP-USD | −0.016% | +0.0100% | 1h | $203 | $6K | 5x | as long as short |
| Bitget OPUSDT | −0.008% | +0.0100% | 8h | $5.8M | $6.3M | 75x | as long as short |
| ApeX Omni OPUSDT | −0.008% | +0.0100% | 1h | $44K | $718K | 50x | as long as short |
| Orderly PERP_OP_USDC | −0.008% | −0.0056% | 8h | $6K | $54K | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.008% | 0.0000% | 1h | $43K | $187K | 25x | as long as short |
| Hyperliquid OPlong | 0.000% | +0.0100% | 1h | $3.8M | $3.2M | 5x | |
| Variational Omni OP | +0.005% | −0.0124% | 8h | $223K | $42K | — | as long as short |
| MEXC OP_USDT | +0.016% | +0.0061% | 8h | $19.6M | $7.3M | 300x | as long as short |
| BloFin OP-USDT | +0.024% | +0.0181% | 8h | $999K | $339K | 75x | as long as short |
| Backpack OP_USDC_PERP | +0.032% | +0.0100% | 1h | $126K | $199K | 10x | as long as short |
| GMX OP/USD [OP-USDC] | +0.040% | L −0.1436% / S +0.0290% | 1h | $13K | — | 100x | as long as short |
| Aevo OP-PERP | +0.047% | +0.0096% | 1h | $4K | — | 3x | as long as short |
| HTX OP-USDT | +0.065% | +0.0100% | 8h | $176K | $273K | 50x | as long as short |
| gTrade (Gains Network) OP/USD | +0.074% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| Kraken Futures PF_OPUSD | +0.134% | +0.0545% | 1h | $768K | $778K | 20x | as long as short |