Spread before costs (cost unknown: a leg has no order-book sample)−0.077%
7d average—if it closes, per $10,000$8funding while held, a day−$27.31
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_OPUSD | 0.1235 | 0.0621 | pay 0.0078% / 1h | 2m 41s | $768K | $766K | 20x |
| Short | GMX OP/USD [OP-USDC] | 0.1234 | L −0.1436% / S +0.0290% | pay 0.0036% / 1h | 2m 41s | $13K | — | 100x |
Kraken Futures PF_OPUSD
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
- −$7.72
- Funding while held
- −$27.31
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$57.04
- Spread needed to break even
- 0.220%
Slippage unknown: Kraken Futures: live order book, 37 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0910%
- Per $10,000 a day
- −$27.31
- 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, 37 min ago | 9.25 bp | 27.7 bp −$28 | 101.5 bp −$1,015 | 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.Coinbase International0.1219cheapestApeX Omni0.1226+0.574%Injective0.1226+0.574%BloFin0.1233+1.132%Aevo0.1233+1.158%Reya0.1233+1.187%Extended0.1234+1.222%SoDEX0.1234+1.222%Aster0.1234+1.231%KuCoin0.1234+1.231%Deribit0.1234+1.231%gTrade (Gains Network)0.1234+1.233%Bybit0.1234+1.239%BingX0.1234+1.247%
Coinbase International
ApeX Omni
Injective
BloFin
Aevo
Reya
Extended
SoDEX
Aster
KuCoin
Deribit
gTrade (Gains Network)
Bybit
BingXGMX0.1234+1.263%
Gate0.1235+1.272%Binance0.1235+1.283%MEXC0.1235+1.304%Lighter0.1235+1.313%dYdX0.1235+1.313%Bitget0.1235+1.313%Orderly0.1235+1.313%OKX0.1235+1.321%Hyperliquid0.1235+1.337%
Gate
Binance
MEXC
Lighter
dYdX
Bitget
Orderly
OKX
HyperliquidKraken Futures0.1235+1.342%
Backpack0.1235+1.345%Variational Omni0.1236+1.366%HTX0.1236+1.378%edgeX0.1238+1.567%
Backpack
Variational Omni
HTXOP 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 | −1.324% | −0.0344% | 1h | $21K | $69K | 50x | as long as short |
| ApeX Omni OPUSDT | −0.757% | +0.0100% | 1h | $44K | $719K | 50x | as long as short |
| Injective OP/USDC PERP | −0.757% | +0.0033% | 1h | $34K | $139K | 12x | as long as short |
| BloFin OP-USDT | −0.207% | +0.0174% | 8h | $1.0M | $340K | 75x | as long as short |
| Aevo OP-PERP | −0.181% | +0.0096% | 1h | $4K | — | 3x | as long as short |
| Reya OPRUSDPERP | −0.152% | +0.0433% | 1h | $686 | — | 20x | as long as short |
| Extended OP-USD | −0.118% | +0.0056% | 1h | $99K | $206K | 25x | as long as short |
| SoDEX OP-USD | −0.118% | +0.0100% | 1h | $199 | $6K | 5x | as long as short |
| Aster OPUSDT | −0.110% | +0.0100% | 8h | $201K | $266K | 10x | as long as short |
| KuCoin OPUSDTM | −0.110% | +0.0100% | 8h | $2.9M | $7.4M | 75x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit OP_USDC-PERPETUAL | −0.110% | 0.0000% | 1h | $43K | $188K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | −0.107% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| Bybit OPUSDT | −0.102% | −0.0058% | 8h | $17.9M | $26.7M | 75x | as long as short |
| BingX OP-USDT | −0.093% | +0.0100% | 8h | — | $7.1M | — | as long as short |
| GMX OP/USD [OP-USDC]short | −0.077% | L −0.1436% / S +0.0290% | 1h | $13K | — | 100x | |
| Gate OP_USDT | −0.069% | +0.0055% | 8h | $1.8M | $1.6M | 50x | as long as short |
| Binance OPUSDT | −0.057% | +0.0056% | 8h | $20.0M | $66.8M | 75x | as long as short |
| MEXC OP_USDT | −0.037% | +0.0053% | 8h | $19.6M | $8.5M | 300x | as long as short |
| Lighter OP | −0.029% | +0.0096% | 1h | $265K | $919K | 15x | as long as short |
| dYdX OP-USD | −0.029% | 0.0000% | 1h | $38K | $10 | 10x | as long as short |
| Bitget OPUSDT | −0.029% | +0.0100% | 8h | $5.8M | $6.4M | 75x | as long as short |
| Orderly PERP_OP_USDC | −0.029% | −0.0057% | 8h | $6K | $54K | 10x | as long as short |
| OKX OP-USDT-SWAP | −0.021% | +0.0012% | 8h | $5.7M | $31.1M | 50x | as long as short |
| Hyperliquid OP | −0.004% | +0.0100% | 1h | $3.8M | $3.2M | 5x | as long as short |
| Kraken Futures PF_OPUSDlong | 0.000% | +0.0621% | 1h | $768K | $766K | 20x | |
| Backpack OP_USDC_PERP | +0.004% | +0.0100% | 1h | $126K | $200K | 10x | as long as short |
| Variational Omni OP | +0.024% | −0.0132% | 8h | $226K | $40K | — | as long as short |
| HTX OP-USDT | +0.036% | +0.0100% | 8h | $176K | $273K | 50x | as long as short |
| edgeX OPUSDC | +0.222% | +0.0100% | 4h | $9K | $381K | 10x | as long as short |