Spread before costs (cost unknown: a leg has no order-book sample)−0.052%
7d average−0.142%if it closes, per $10,000$5funding while held, a day−$16.53
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_OPUSD | 0.1262 | 0.0472 | pay 0.0059% / 1h | 58m 27s | $782K | $671K | 20x |
| Short | Variational Omni OP | 0.1261 | −0.0079 | pay 0.0079% / 8h | 7h 58m | $233K | $46K | — |
Kraken Futures PF_OPUSD
Variational Omni 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
- −$5.24
- Funding while held
- −$16.53
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$31.76
- Spread needed to break even
- 0.100%
Slippage unknown: Kraken Futures: live order book, 51 min ago; Variational Omni: RFQ quote, 52 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0551%
- Per $10,000 a day
- −$16.53
- 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, 51 min ago | 20.77 bp | 28.8 bp −$29 | 98.7 bp −$987 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 52 min ago | 7.84 bp | doesn't fit | 23.5 bp −$235 | doesn't fit | doesn't fit |
OP price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International0.1248cheapestBybit0.1260+0.954%Orderly0.1260+0.962%Aevo0.1260+0.991%Backpack0.1260+0.994%SoDEX0.1260+1.002%GMX0.1261+1.014%Aster0.1261+1.014%OKX0.1261+1.018%KuCoin0.1261+1.042%gTrade (Gains Network)0.1261+1.042%Deribit0.1261+1.042%BloFin0.1261+1.042%dYdX0.1261+1.050%
Coinbase International
Bybit
Orderly
Aevo
Backpack
SoDEX
GMX
Aster
OKX
KuCoin
gTrade (Gains Network)
Deribit
BloFin
dYdXVariational Omni0.1261+1.062%
Reya0.1262+1.084%Gate0.1262+1.090%BingX0.1262+1.090%edgeX0.1262+1.103%HTX0.1262+1.106%
Reya
Gate
BingX
HTXKraken Futures0.1262+1.115%
Lighter0.1262+1.122%ApeX Omni0.1262+1.122%Binance0.1262+1.134%Extended0.1262+1.138%MEXC0.1263+1.170%Hyperliquid0.1263+1.186%Bitget0.1263+1.202%Injective0.1276+2.244%
Lighter
ApeX Omni
Binance
Extended
MEXC
Hyperliquid
Bitget
InjectiveOP 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 | −1.103% | −0.0304% | 1h | $22K | $90K | 50x | as long as short |
| Bybit OPUSDT | −0.160% | +0.0100% | 8h | $17.8M | $28.1M | 75x | as long as short |
| Orderly PERP_OP_USDC | −0.152% | −0.0077% | 8h | $7K | $53K | 10x | as long as short |
| Aevo OP-PERP | −0.123% | +0.0064% | 1h | $4K | — | 3x | as long as short |
| Backpack OP_USDC_PERP | −0.120% | +0.0100% | 1h | $137K | $183K | 10x | as long as short |
| SoDEX OP-USD | −0.112% | +0.0100% | 1h | $190 | $5K | 5x | as long as short |
| GMX OP/USD [OP-USDC] | −0.100% | L −0.1440% / S +0.0291% | 1h | $13K | — | 100x | as long as short |
| Aster OPUSDT | −0.100% | +0.0100% | 8h | $214K | $470K | 10x | as long as short |
| OKX OP-USDT-SWAP | −0.096% | +0.0035% | 8h | $6.0M | $33.4M | 50x | as long as short |
| KuCoin OPUSDTM | −0.073% | +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 | |
|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) OP/USD | −0.073% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.073% | 0.0000% | 1h | $47K | $200K | 25x | as long as short |
| BloFin OP-USDT | −0.073% | +0.0052% | 8h | $1.1M | $583K | 75x | as long as short |
| dYdX OP-USD | −0.065% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| Variational Omni OPshort | −0.052% | −0.0079% | 8h | $233K | $46K | — | |
| Reya OPRUSDPERP | −0.031% | +0.0431% | 1h | $701 | — | 20x | as long as short |
| Gate OP_USDT | −0.025% | +0.0100% | 8h | $1.8M | $1.6M | 50x | as long as short |
| BingX OP-USDT | −0.025% | +0.0100% | 8h | — | $6.8M | — | as long as short |
| edgeX OPUSDC | −0.012% | +0.0100% | 4h | $8K | $381K | 10x | as long as short |
| HTX OP-USDT | −0.009% | +0.0100% | 8h | $181K | $277K | 50x | as long as short |
| Kraken Futures PF_OPUSDlong | 0.000% | +0.0472% | 1h | $782K | $671K | 20x | |
| Lighter OP | +0.007% | +0.0096% | 1h | $295K | $807K | 15x | as long as short |
| ApeX Omni OPUSDT | +0.007% | +0.0100% | 1h | $45K | $712K | 50x | as long as short |
| Binance OPUSDT | +0.019% | −0.0067% | 8h | $21.0M | $69.3M | 75x | as long as short |
| Extended OP-USD | +0.023% | −0.0064% | 1h | $101K | $212K | 25x | as long as short |
| MEXC OP_USDT | +0.054% | −0.0067% | 8h | $20.2M | $8.6M | 300x | as long as short |
| Hyperliquid OP | +0.070% | +0.0100% | 1h | $3.9M | $3.3M | 5x | as long as short |
| Bitget OPUSDT | +0.086% | +0.0100% | 8h | $6.0M | $6.6M | 75x | as long as short |
| Injective OP/USDC PERP | +1.116% | +0.0033% | 1h | $25K | $184K | 12x | as long as short |