Spread before costs (cost unknown: a leg has no order-book sample)−0.107%
7d average—if it closes, per $10,000$11funding while held, a day−$16.33
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_OPUSD | 0.1238 | 0.0544 | pay 0.0068% / 1h | 10m 58s | $768K | $770K | 20x |
| Short | dYdX OP-USD | 0.1236 | 0 | get 0.0000% / 1h | 10m 58s | $38K | $437 | 10x |
Kraken Futures PF_OPUSD
dYdX OP-USDPrice 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
- −$10.7
- Funding while held
- −$16.33
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$47.03
- Spread needed to break even
- 0.200%
Slippage unknown: Kraken Futures: live order book, 24 min ago; dYdX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0544%
- Per $10,000 a day
- −$16.33
- 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 Kraken Futures live order book, 24 min ago | 15.75 bp | 25.2 bp −$25 | 99.6 bp −$996 | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: 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.Injective0.1228cheapestCoinbase International0.1230+0.163%ApeX Omni0.1235+0.570%edgeX0.1236+0.619%Bybit0.1236+0.627%Extended0.1236+0.630%OKX0.1236+0.643%KuCoin0.1236+0.651%BingX0.1236+0.651%Orderly0.1236+0.651%SoDEX0.1236+0.668%Binance0.1236+0.670%
Injective
Coinbase International
ApeX Omni
Bybit
Extended
OKX
KuCoin
BingX
Orderly
SoDEX
BinancedYdX0.1236+0.672%
Gate0.1236+0.684%Backpack0.1236+0.684%MEXC0.1236+0.692%HTX0.1237+0.717%BloFin0.1237+0.717%Aster0.1237+0.719%Reya0.1237+0.722%Variational Omni0.1237+0.732%Bitget0.1237+0.733%Deribit0.1237+0.733%Aevo0.1237+0.738%Hyperliquid0.1237+0.741%Lighter0.1237+0.741%gTrade (Gains Network)0.1237+0.748%GMX0.1237+0.768%
Gate
Backpack
MEXC
HTX
BloFin
Aster
Reya
Variational Omni
Bitget
Deribit
Aevo
Hyperliquid
Lighter
gTrade (Gains Network)
GMXKraken Futures0.1238+0.780%
OP on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.774% | −0.1842% | 1h | $34K | $86K | 12x | as long as short |
| Coinbase International OP-PERP-INTX | −0.612% | −0.0336% | 1h | $21K | $66K | 50x | as long as short |
| ApeX Omni OPUSDT | −0.208% | +0.0100% | 1h | $44K | $719K | 50x | as long as short |
| edgeX OPUSDC | −0.160% | +0.0100% | 4h | $9K | $379K | 10x | as long as short |
| Bybit OPUSDT | −0.152% | +0.0093% | 8h | $17.9M | $26.5M | 75x | as long as short |
| Extended OP-USD | −0.149% | +0.0104% | 1h | $99K | $206K | 25x | as long as short |
| OKX OP-USDT-SWAP | −0.136% | +0.0046% | 8h | $5.7M | $30.2M | 50x | as long as short |
| KuCoin OPUSDTM | −0.127% | +0.0100% | 8h | $3.0M | $7.4M | 75x | as long as short |
| BingX OP-USDC | −0.127% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| Orderly PERP_OP_USDC | −0.127% | −0.0031% | 8h | $6K | $53K | 10x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX OP-USD | −0.111% | +0.0100% | 1h | $182 | $6K | 5x | as long as short |
| Binance OPUSDT | −0.109% | +0.0100% | 8h | $19.6M | $64.9M | 75x | as long as short |
| dYdX OP-USDshort | −0.107% | 0.0000% | 1h | $38K | $437 | 10x | |
| Gate OP_USDT | −0.095% | +0.0065% | 8h | $1.8M | $1.5M | 50x | as long as short |
| Backpack OP_USDC_PERP | −0.095% | +0.0100% | 1h | $127K | $197K | 10x | as long as short |
| MEXC OP_USDT | −0.087% | +0.0100% | 8h | $19.5M | $7.4M | 300x | as long as short |
| HTX OP-USDT | −0.063% | +0.0100% | 8h | $176K | $259K | 50x | as long as short |
| BloFin OP-USDT | −0.063% | +0.0220% | 8h | $975K | $305K | 75x | as long as short |
| Aster OPUSDT | −0.061% | +0.0100% | 8h | $212K | $266K | 10x | as long as short |
| Reya OPRUSDPERP | −0.058% | +0.0434% | 1h | $688 | — | 20x | as long as short |
| Variational Omni OP | −0.047% | −0.0087% | 8h | $224K | $41K | — | as long as short |
| Bitget OPUSDT | −0.047% | +0.0100% | 8h | $6.0M | $6.2M | 75x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.047% | 0.0000% | 1h | $43K | $185K | 25x | as long as short |
| Aevo OP-PERP | −0.042% | +0.0104% | 1h | $4K | — | 3x | as long as short |
| Hyperliquid OP | −0.039% | +0.0100% | 1h | $3.8M | $3.1M | 5x | as long as short |
| Lighter OP | −0.039% | +0.0096% | 1h | $267K | $907K | 15x | as long as short |
| gTrade (Gains Network) OP/USD | −0.032% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| GMX OP/USD [OP-USDC] | −0.012% | L −0.1162% / S +0.0245% | 1h | $13K | — | 100x | as long as short |
| Kraken Futures PF_OPUSDlong | 0.000% | +0.0544% | 1h | $768K | $770K | 20x |