After costs, if the gap returns to its 7d average, $10k−$133
spread now−0.102%7d average+0.152%fees + slippage, in and out−$108spread needed1.078%
| 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 43s | $25K | $184K | 12x |
| Short | Lighter OP | 0.1275 | 0.0096 | get 0.0012% / 1h | 48m 43s | $298K | $829K | 15x |
Injective OP/USDC PERP
Lighter OPPrice 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
- −$10.19
- Funding while held
- −$4.56
- Slippage, 4 orders
- −$107.82
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$122.59
- Spread needed to break even
- 1.078%
Slippage from Injective: live order book, 2 min ago; Lighter: live order book, 58 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0152%
- Per $10,000 a day
- −$4.56
- 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 Lighter live order book, 58 min ago | 5.12 bp | 6.5 bp −$7 | 35.5 bp −$355 | doesn't fit | doesn't fit |
OP price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni0.1272cheapestBybit0.1273+0.103%Extended0.1273+0.113%OKX0.1273+0.127%Reya0.1274+0.130%Bitget0.1274+0.166%Orderly0.1274+0.166%Aevo0.1274+0.183%GMX0.1275+0.212%Binance0.1275+0.213%MEXC0.1275+0.213%
Variational Omni
Bybit
Extended
OKX
Reya
Bitget
Orderly
Aevo
GMX
Binance
MEXCLighter0.1275+0.221%
gTrade (Gains Network)0.1275+0.229%BingX0.1275+0.244%Deribit0.1275+0.244%SoDEX0.1275+0.252%Hyperliquid0.1275+0.268%edgeX0.1276+0.291%Gate0.1276+0.315%dYdX0.1276+0.321%KuCoin0.1276+0.323%
gTrade (Gains Network)
BingX
Deribit
SoDEX
Hyperliquid
Gate
dYdX
KuCoinInjective0.1276+0.323%
Coinbase International0.1276+0.323%Backpack0.1276+0.331%Aster0.1276+0.357%BloFin0.1277+0.394%ApeX Omni0.1277+0.402%HTX0.1277+0.402%Kraken Futures0.1278+0.491%
Coinbase International
Backpack
Aster
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 |
| Bybit OPUSDT | −0.219% | +0.0018% | 8h | $17.9M | $27.4M | 75x | as long as short |
| Extended OP-USD | −0.209% | −0.0128% | 1h | $102K | $214K | 25x | as long as short |
| OKX OP-USDT-SWAP | −0.196% | +0.0043% | 8h | $6.1M | $32.7M | 50x | 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 |
| GMX OP/USD [OP-USDC] | −0.111% | L −0.1469% / S +0.0291% | 1h | $13K | — | 100x | as long as short |
| Binance OPUSDT | −0.110% | −0.0129% | 8h | $20.9M | $66.0M | 75x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC OP_USDT | −0.110% | −0.0131% | 8h | $20.2M | $8.5M | 300x | as long as short |
| Lighter OPshort | −0.102% | +0.0096% | 1h | $298K | $829K | 15x | |
| gTrade (Gains Network) OP/USD | −0.094% | L +0.0005% / S −0.0004% | 1h | $1K | — | 150x | 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 |
| 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 |
| edgeX OPUSDC | −0.032% | +0.0100% | 4h | $9K | $379K | 10x | as long as short |
| Gate OP_USDT | −0.008% | +0.0100% | 8h | $1.8M | $1.6M | 50x | as long as short |
| dYdX OP-USD | −0.002% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| KuCoin OPUSDTM | 0.000% | +0.0100% | 8h | $2.8M | $6.9M | 75x | 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 |
| Aster OPUSDT | +0.034% | +0.0100% | 8h | $201K | $441K | 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 |