Spread before costs (cost unknown: a leg has no order-book sample)+0.122%
7d average+0.027%if it closes, per $10,000$12funding while held, a day+$52.45
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective OP/USDC PERP | 0.1233 | −0.1650 | get 0.0206% / 1h | 57m 31s | $34K | $58K | 12x |
| Short | Bybit OPUSDT | 0.1235 | 0.0099 | get 0.0099% / 8h | 4h 57m | $18.0M | $26.4M | 75x |
Injective OP/USDC PERP
Bybit 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
- $12.17
- Funding while held
- $52.45
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $53.6
- Spread needed to break even
- 0.110%
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1748%
- Per $10,000 a day
- +$52.45
- 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 no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 3 min ago | 0.40 bp | 11.0 bp −$11 | 17.5 bp −$175 | 81.8 bp −$8,180 | doesn't fit |
Injective: 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 International0.1230cheapest
Coinbase InternationalInjective0.1233+0.244%
Bybit0.1235+0.366%
MEXC0.1235+0.366%OKX0.1235+0.374%Reya0.1235+0.381%Extended0.1235+0.387%Binance0.1235+0.419%Aster0.1235+0.436%BingX0.1236+0.455%SoDEX0.1236+0.463%Backpack0.1236+0.472%Hyperliquid0.1236+0.488%KuCoin0.1236+0.488%Bitget0.1236+0.488%gTrade (Gains Network)0.1236+0.502%dYdX0.1236+0.515%HTX0.1236+0.528%Aevo0.1237+0.532%Lighter0.1237+0.537%Gate0.1237+0.553%Orderly0.1237+0.569%Deribit0.1237+0.569%Kraken Futures0.1237+0.579%BloFin0.1237+0.593%edgeX0.1237+0.610%GMX0.1238+0.615%ApeX Omni0.1238+0.650%Variational Omni0.1239+0.722%
MEXC
OKX
Reya
Extended
Binance
Aster
BingX
SoDEX
Backpack
Hyperliquid
KuCoin
Bitget
gTrade (Gains Network)
dYdX
HTX
Aevo
Lighter
Gate
Orderly
Deribit
Kraken Futures
BloFin
GMX
ApeX Omni
Variational OmniOP on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International OP-PERP-INTX | −0.243% | −0.0312% | 1h | $21K | $66K | 50x | as long as short |
| Injective OP/USDC PERPlong | 0.000% | −0.1650% | 1h | $34K | $58K | 12x | |
| Bybit OPUSDTshort | +0.122% | +0.0099% | 8h | $18.0M | $26.4M | 75x | |
| MEXC OP_USDT | +0.122% | +0.0100% | 8h | $19.5M | $7.1M | 300x | as long as short |
| OKX OP-USDT-SWAP | +0.130% | +0.0048% | 8h | $5.7M | $30.0M | 50x | as long as short |
| Reya OPRUSDPERP | +0.137% | +0.0434% | 1h | $687 | — | 20x | as long as short |
| Extended OP-USD | +0.143% | +0.0104% | 1h | $99K | $206K | 25x | as long as short |
| Binance OPUSDT | +0.175% | +0.0100% | 8h | $19.5M | $64.5M | 75x | as long as short |
| Aster OPUSDT | +0.192% | +0.0100% | 8h | $209K | $266K | 10x | as long as short |
| BingX OP-USDT | +0.211% | +0.0100% | 8h | — | $6.7M | — | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX OP-USD | +0.219% | +0.0100% | 1h | $176 | $6K | 5x | as long as short |
| Backpack OP_USDC_PERP | +0.227% | +0.0100% | 1h | $127K | $197K | 10x | as long as short |
| Hyperliquid OP | +0.243% | +0.0100% | 1h | $3.8M | $3.1M | 5x | as long as short |
| KuCoin OPUSDTM | +0.243% | +0.0100% | 8h | $2.9M | $7.4M | 75x | as long as short |
| Bitget OPUSDT | +0.243% | +0.0100% | 8h | $6.0M | $6.2M | 75x | as long as short |
| gTrade (Gains Network) OP/USD | +0.258% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| dYdX OP-USD | +0.271% | 0.0000% | 1h | $38K | $437 | 10x | as long as short |
| HTX OP-USDT | +0.284% | +0.0100% | 8h | $176K | $258K | 50x | as long as short |
| Aevo OP-PERP | +0.287% | +0.0104% | 1h | $4K | — | 3x | as long as short |
| Lighter OP | +0.292% | +0.0096% | 1h | $266K | $897K | 15x | as long as short |
| Gate OP_USDT | +0.308% | +0.0057% | 8h | $1.8M | $1.4M | 50x | as long as short |
| Orderly PERP_OP_USDC | +0.324% | −0.0027% | 8h | $6K | $53K | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.324% | 0.0000% | 1h | $43K | $184K | 25x | as long as short |
| Kraken Futures PF_OPUSD | +0.334% | +0.0527% | 1h | $769K | $769K | 20x | as long as short |
| BloFin OP-USDT | +0.349% | +0.0220% | 8h | $976K | $304K | 75x | as long as short |
| edgeX OPUSDC | +0.365% | +0.0100% | 4h | $10K | $377K | 10x | as long as short |
| GMX OP/USD [OP-USDC] | +0.370% | L −0.0887% / S +0.0200% | 1h | $13K | — | 100x | as long as short |
| ApeX Omni OPUSDT | +0.406% | +0.0100% | 1h | $44K | $719K | 50x | as long as short |
| Variational Omni OP | +0.477% | −0.0072% | 8h | $226K | $43K | — | as long as short |