Spread before costs (cost unknown: a leg has no order-book sample)−1.176%
7d average—if it closes, per $10,000$118funding while held, a day−$10.12
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective OP/USDC PERP | 0.1276 | 0.0033 | pay 0.0004% / 1h | 20m 54s | $25K | $184K | 12x |
| Short | Coinbase International OP-PERP-INTX | 0.1261 | −0.0304 | pay 0.0038% / 1h | 20m 54s | $22K | $85K | 50x |
Injective OP/USDC PERP
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
- −$117.55
- Funding while held
- −$10.12
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$137.69
- Spread needed to break even
- 0.100%
Slippage unknown: Injective: live order book, 25 min ago; Coinbase International: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0337%
- Per $10,000 a day
- −$10.12
- 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, 25 min ago | 31.72 bp | 63.3 bp −$63 | 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.Bybit0.1260cheapestExtended0.1261+0.072%OKX0.1261+0.079%BingX0.1261+0.087%
Bybit
Extended
OKX
BingXCoinbase International0.1261+0.087%
BloFin0.1262+0.127%MEXC0.1262+0.135%Binance0.1262+0.138%Gate0.1262+0.151%Reya0.1262+0.155%KuCoin0.1262+0.167%Bitget0.1262+0.167%Orderly0.1262+0.167%Aevo0.1263+0.206%SoDEX0.1263+0.222%HTX0.1263+0.230%Backpack0.1263+0.238%Deribit0.1263+0.246%dYdX0.1263+0.249%Lighter0.1263+0.262%gTrade (Gains Network)0.1263+0.266%Aster0.1263+0.267%GMX0.1264+0.291%Kraken Futures0.1264+0.306%Hyperliquid0.1264+0.349%edgeX0.1267+0.572%Variational Omni0.1268+0.625%ApeX Omni0.1268+0.643%
BloFin
MEXC
Binance
Gate
Reya
KuCoin
Bitget
Orderly
Aevo
SoDEX
HTX
Backpack
Deribit
dYdX
Lighter
gTrade (Gains Network)
Aster
GMX
Kraken Futures
Hyperliquid
Variational Omni
ApeX OmniInjective0.1276+1.278%
OP on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit OPUSDT | −1.262% | −0.0375% | 8h | $17.8M | $27.5M | 75x | as long as short |
| Extended OP-USD | −1.190% | −0.0024% | 1h | $101K | $208K | 25x | as long as short |
| OKX OP-USDT-SWAP | −1.183% | +0.0028% | 8h | $6.0M | $33.1M | 50x | as long as short |
| BingX OP-USDC | −1.176% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| Coinbase International OP-PERP-INTXshort | −1.176% | −0.0304% | 1h | $22K | $85K | 50x | |
| BloFin OP-USDT | −1.136% | +0.0100% | 8h | $1.0M | $581K | 75x | as long as short |
| MEXC OP_USDT | −1.129% | −0.0018% | 8h | $20.2M | $8.8M | 300x | as long as short |
| Binance OPUSDT | −1.125% | −0.0020% | 8h | $20.6M | $68.7M | 75x | as long as short |
| Gate OP_USDT | −1.113% | +0.0100% | 8h | $1.8M | $1.6M | 50x | as long as short |
| Reya OPRUSDPERP | −1.109% | +0.0432% | 1h | $702 | — | 20x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin OPUSDTM | −1.097% | +0.0100% | 8h | $2.9M | $7.4M | 75x | as long as short |
| Bitget OPUSDT | −1.097% | +0.0100% | 8h | $6.0M | $6.4M | 75x | as long as short |
| Orderly PERP_OP_USDC | −1.097% | −0.0074% | 8h | $6K | $53K | 10x | as long as short |
| Aevo OP-PERP | −1.058% | +0.0080% | 1h | $4K | — | 3x | as long as short |
| SoDEX OP-USD | −1.042% | +0.0100% | 1h | $180 | $6K | 5x | as long as short |
| HTX OP-USDT | −1.034% | +0.0100% | 8h | $180K | $270K | 50x | as long as short |
| Backpack OP_USDC_PERP | −1.027% | +0.0100% | 1h | $136K | $187K | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | −1.019% | 0.0000% | 1h | $47K | $200K | 25x | as long as short |
| dYdX OP-USD | −1.016% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| Lighter OP | −1.003% | +0.0096% | 1h | $283K | $900K | 15x | as long as short |
| gTrade (Gains Network) OP/USD | −0.999% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| Aster OPUSDT | −0.999% | +0.0100% | 8h | $213K | $465K | 10x | as long as short |
| GMX OP/USD [OP-USDC] | −0.974% | L −0.1162% / S +0.0245% | 1h | $13K | — | 100x | as long as short |
| Kraken Futures PF_OPUSD | −0.960% | +0.0471% | 1h | $784K | $678K | 20x | as long as short |
| Hyperliquid OP | −0.917% | +0.0100% | 1h | $3.9M | $3.3M | 5x | as long as short |
| edgeX OPUSDC | −0.697% | +0.0100% | 4h | $9K | $378K | 10x | as long as short |
| Variational Omni OP | −0.645% | −0.0108% | 8h | $235K | $43K | — | as long as short |
| ApeX Omni OPUSDT | −0.627% | +0.0100% | 1h | $45K | $712K | 50x | as long as short |
| Injective OP/USDC PERPlong | 0.000% | +0.0033% | 1h | $25K | $184K | 12x |