Spread before costs (cost unknown: a leg has no order-book sample)−0.111%
7d average—if it closes, per $10,000$11funding while held, a day−$16.16
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective OP/USDC PERP | 0.1276 | 0.0248 | pay 0.0031% / 1h | 48m 36s | $25K | $184K | 12x |
| Short | GMX OP/USD [OP-USDC] | 0.1275 | L −0.1469% / S +0.0291% | pay 0.0036% / 1h | 48m 36s | $13K | — | 100x |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]Price 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
- −$11.05
- Funding while held
- −$16.16
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$39.23
- Spread needed to break even
- 0.120%
Slippage unknown: Injective: live order book, 2 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0539%
- Per $10,000 a day
- −$16.16
- 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, 2 min ago | 35.34 bp | 59.0 bp −$59 | doesn't fit | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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.Variational Omni0.1272cheapestReya0.1274+0.130%Bitget0.1274+0.166%Orderly0.1274+0.166%Aevo0.1274+0.183%Bybit0.1274+0.197%Extended0.1274+0.199%
Variational Omni
Reya
Bitget
Orderly
Aevo
Bybit
ExtendedGMX0.1275+0.212%
Lighter0.1275+0.221%gTrade (Gains Network)0.1275+0.229%dYdX0.1275+0.241%KuCoin0.1275+0.244%BingX0.1275+0.244%Deribit0.1275+0.244%Gate0.1275+0.252%MEXC0.1275+0.252%SoDEX0.1275+0.252%Hyperliquid0.1275+0.268%Binance0.1275+0.276%edgeX0.1276+0.291%Aster0.1276+0.292%OKX0.1276+0.299%
Lighter
gTrade (Gains Network)
dYdX
KuCoin
BingX
Deribit
Gate
MEXC
SoDEX
Hyperliquid
Binance
Aster
OKXInjective0.1276+0.323%
Coinbase International0.1276+0.323%Backpack0.1276+0.331%BloFin0.1277+0.394%ApeX Omni0.1277+0.402%HTX0.1277+0.402%Kraken Futures0.1278+0.491%
Coinbase International
Backpack
BloFin
ApeX Omni
HTX
Kraken FuturesOP on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni OP | −0.322% | −0.0065% | 8h | $235K | $45K | — | as long as short |
| Reya OPRUSDPERP | −0.193% | +0.0431% | 1h | $708 | — | 20x | as long as short |
| Bitget OPUSDT | −0.157% | +0.0100% | 8h | $5.9M | $6.2M | 75x | as long as short |
| Orderly PERP_OP_USDC | −0.157% | −0.0082% | 8h | $7K | $52K | 10x | as long as short |
| Aevo OP-PERP | −0.139% | +0.0048% | 1h | $4K | — | 3x | as long as short |
| Bybit OPUSDT | −0.125% | +0.0016% | 8h | $17.9M | $27.4M | 75x | as long as short |
| Extended OP-USD | −0.124% | −0.0128% | 1h | $102K | $214K | 25x | as long as short |
| GMX OP/USD [OP-USDC]short | −0.111% | L −0.1469% / S +0.0291% | 1h | $13K | — | 100x | |
| Lighter OP | −0.102% | +0.0096% | 1h | $298K | $829K | 15x | as long as short |
| gTrade (Gains Network) OP/USD | −0.094% | L +0.0005% / S −0.0004% | 1h | $1K | — | 150x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| dYdX OP-USD | −0.082% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| KuCoin OPUSDTM | −0.078% | +0.0100% | 8h | $2.8M | $6.9M | 75x | as long as short |
| BingX OP-USDC | −0.078% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.078% | 0.0000% | 1h | $49K | $199K | 25x | as long as short |
| Gate OP_USDT | −0.071% | +0.0100% | 8h | $1.8M | $1.6M | 50x | as long as short |
| MEXC OP_USDT | −0.071% | −0.0129% | 8h | $20.2M | $8.5M | 300x | as long as short |
| SoDEX OP-USD | −0.071% | +0.0100% | 1h | $177 | $5K | 5x | as long as short |
| Hyperliquid OP | −0.055% | +0.0100% | 1h | $4.1M | $3.1M | 5x | as long as short |
| Binance OPUSDT | −0.047% | −0.0129% | 8h | $20.9M | $66.0M | 75x | as long as short |
| edgeX OPUSDC | −0.032% | +0.0100% | 4h | $9K | $379K | 10x | as long as short |
| Aster OPUSDT | −0.031% | +0.0100% | 8h | $201K | $441K | 10x | as long as short |
| OKX OP-USDT-SWAP | −0.024% | +0.0045% | 8h | $6.1M | $32.8M | 50x | as long as short |
| Injective OP/USDC PERPlong | 0.000% | +0.0248% | 1h | $25K | $184K | 12x | |
| Coinbase International OP-PERP-INTX | 0.000% | −0.0296% | 1h | $28K | $85K | 50x | as long as short |
| Backpack OP_USDC_PERP | +0.008% | +0.0100% | 1h | $133K | $168K | 10x | as long as short |
| BloFin OP-USDT | +0.071% | −0.0009% | 8h | $1.1M | $585K | 75x | as long as short |
| ApeX Omni OPUSDT | +0.078% | +0.0100% | 1h | $46K | $714K | 50x | as long as short |
| HTX OP-USDT | +0.078% | +0.0100% | 8h | $192K | $247K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.167% | +0.0239% | 1h | $788K | $659K | 20x | as long as short |