After costs, if the gap returns to its 7d average, $10k−$344
spread now−2.104%7d average+0.140%fees + slippage, in and out−$120spread needed1.198%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective OP/USDC PERP | 0.1297 | 0.0033 | pay 0.0004% / 1h | 50m 04s | $25K | $185K | 12x |
| Short | Binance OPUSDT | 0.1270 | −0.0153 | pay 0.0153% / 8h | 1h 50m | $20.5M | $64.7M | 75x |
Injective OP/USDC PERP
Binance OPUSDTPrice 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
- −$210.41
- Funding while held
- −$5.59
- Slippage, 4 orders
- −$109.76
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$335.78
- Spread needed to break even
- 1.198%
Slippage from Injective: live order book, 5 min ago; Binance: live order book, 9 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0186%
- Per $10,000 a day
- −$5.59
- 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 Injective live order book, 5 min ago | 35.17 bp | 58.6 bp −$59 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 0.39 bp | 11.3 bp −$11 | 22.4 bp −$224 | 89.0 bp −$8,901 | doesn't fit |
OP price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni0.1261cheapestCoinbase International0.1263+0.159%edgeX0.1266+0.416%Variational Omni0.1267+0.454%BloFin0.1267+0.484%Aster0.1268+0.581%Extended0.1268+0.591%OKX0.1269+0.603%dYdX0.1269+0.608%Bybit0.1269+0.634%Bitget0.1269+0.634%MEXC0.1269+0.642%Reya0.1269+0.660%Aevo0.1270+0.674%Backpack0.1270+0.690%
ApeX Omni
Coinbase International
Variational Omni
BloFin
Aster
Extended
OKX
dYdX
Bybit
Bitget
MEXC
Reya
Aevo
BackpackBinance0.1270+0.691%
SoDEX0.1270+0.706%Gate0.1270+0.714%KuCoin0.1270+0.714%Orderly0.1270+0.714%gTrade (Gains Network)0.1271+0.756%HTX0.1271+0.777%GMX0.1271+0.784%BingX0.1271+0.793%Deribit0.1271+0.793%Hyperliquid0.1271+0.801%Lighter0.1272+0.833%Kraken Futures0.1272+0.876%
SoDEX
Gate
KuCoin
Orderly
gTrade (Gains Network)
HTX
GMX
BingX
Deribit
Hyperliquid
Lighter
Kraken FuturesInjective0.1297+2.855%
OP on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni OPUSDT | −2.776% | −0.0788% | 1h | $45K | $703K | 50x | as long as short |
| Coinbase International OP-PERP-INTX | −2.621% | −0.0328% | 1h | $27K | $85K | 50x | as long as short |
| edgeX OPUSDC | −2.371% | +0.0100% | 4h | $4K | $409K | 10x | as long as short |
| Variational Omni OP | −2.334% | −0.0062% | 8h | $233K | $44K | — | as long as short |
| BloFin OP-USDT | −2.305% | −0.0034% | 8h | $1.0M | $577K | 75x | as long as short |
| Aster OPUSDT | −2.211% | +0.0100% | 8h | $200K | $434K | 10x | as long as short |
| Extended OP-USD | −2.201% | −0.0152% | 1h | $101K | $217K | 25x | as long as short |
| OKX OP-USDT-SWAP | −2.190% | +0.0077% | 8h | $6.0M | $32.2M | 50x | as long as short |
| dYdX OP-USD | −2.184% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| Bybit OPUSDT | −2.159% | +0.0018% | 8h | $17.9M | $27.1M | 75x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget OPUSDT | −2.159% | +0.0100% | 8h | $5.9M | $6.1M | 75x | as long as short |
| MEXC OP_USDT | −2.151% | −0.0154% | 8h | $19.7M | $8.7M | 300x | as long as short |
| Reya OPRUSDPERP | −2.134% | +0.0430% | 1h | $706 | — | 20x | as long as short |
| Aevo OP-PERP | −2.120% | +0.0048% | 1h | $4K | — | 3x | as long as short |
| Backpack OP_USDC_PERP | −2.105% | +0.0100% | 1h | $131K | $165K | 10x | as long as short |
| Binance OPUSDTshort | −2.104% | −0.0153% | 8h | $20.5M | $64.7M | 75x | |
| SoDEX OP-USD | −2.089% | +0.0041% | 1h | $167 | $5K | 5x | as long as short |
| Gate OP_USDT | −2.082% | +0.0100% | 8h | $1.8M | $1.7M | 50x | as long as short |
| KuCoin OPUSDTM | −2.082% | +0.0100% | 8h | $2.9M | $6.7M | 75x | as long as short |
| Orderly PERP_OP_USDC | −2.082% | −0.0073% | 8h | $7K | $53K | 10x | as long as short |
| gTrade (Gains Network) OP/USD | −2.041% | L +0.0004% / S −0.0001% | 1h | $2K | — | 150x | as long as short |
| HTX OP-USDT | −2.020% | +0.0100% | 8h | $192K | $233K | 50x | as long as short |
| GMX OP/USD [OP-USDC] | −2.014% | L −0.1208% / S +0.0249% | 1h | $13K | — | 100x | as long as short |
| BingX OP-USDC | −2.005% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| Deribit OP_USDC-PERPETUAL | −2.005% | 0.0000% | 1h | $48K | $220K | 25x | as long as short |
| Hyperliquid OP | −1.997% | +0.0100% | 1h | $4.0M | $3.1M | 5x | as long as short |
| Lighter OP | −1.966% | +0.0096% | 1h | $366K | $741K | 15x | as long as short |
| Kraken Futures PF_OPUSD | −1.924% | +0.0142% | 1h | $784K | $662K | 20x | as long as short |
| Injective OP/USDC PERPlong | 0.000% | +0.0033% | 1h | $25K | $185K | 12x |