Spread before costs (cost unknown: a leg has no order-book sample)−0.081%
7d average—if it closes, per $10,000$8funding while held, a day−$0.12
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin OPUSDTM | 0.1238 | 0.0100 | pay 0.0100% / 8h | 6h 09m | $2.9M | $7.3M | 75x |
| Short | Aevo OP-PERP | 0.1237 | 0.0096 | get 0.0012% / 1h | 9m 16s | $4K | — | 3x |
KuCoin OPUSDTM
Aevo OP-PERPPrice 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
- −$8.08
- Funding while held
- −$0.12
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$36.2
- Spread needed to break even
- 0.280%
Slippage unknown: KuCoin: live order book, 5 min ago; Aevo: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0004%
- Per $10,000 a day
- −$0.12
- 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 KuCoin live order book, 5 min ago | 4.03 bp | 27.2 bp −$27 | 61.8 bp −$618 | doesn't fit | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: 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.Bybit0.1236cheapestOKX0.1237+0.040%Extended0.1237+0.065%Bitget0.1237+0.073%Orderly0.1237+0.073%
Bybit
OKX
Extended
Bitget
OrderlyAevo0.1237+0.073%
Coinbase International0.1237+0.073%SoDEX0.1237+0.097%edgeX0.1238+0.127%GMX0.1238+0.133%MEXC0.1238+0.138%Binance0.1238+0.139%Reya0.1238+0.141%Gate0.1238+0.146%Lighter0.1238+0.154%
Coinbase International
SoDEX
GMX
MEXC
Binance
Reya
Gate
LighterKuCoin0.1238+0.154%
BingX0.1238+0.154%Deribit0.1238+0.154%Aster0.1238+0.159%gTrade (Gains Network)0.1238+0.172%Variational Omni0.1238+0.182%HTX0.1239+0.194%BloFin0.1239+0.202%Kraken Futures0.1239+0.254%Hyperliquid0.1240+0.283%Backpack0.1240+0.299%dYdX0.1240+0.333%ApeX Omni0.1242+0.477%Injective0.1276+3.228%
BingX
Deribit
Aster
gTrade (Gains Network)
Variational Omni
HTX
BloFin
Kraken Futures
Hyperliquid
Backpack
dYdX
ApeX Omni
InjectiveOP on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit OPUSDT | −0.153% | −0.0100% | 8h | $17.4M | $25.4M | 75x | as long as short |
| OKX OP-USDT-SWAP | −0.113% | +0.0013% | 8h | $5.7M | $30.4M | 50x | as long as short |
| Extended OP-USD | −0.089% | +0.0048% | 1h | $99K | $206K | 25x | as long as short |
| Bitget OPUSDT | −0.081% | +0.0100% | 8h | $5.8M | $5.9M | 75x | as long as short |
| Orderly PERP_OP_USDC | −0.081% | −0.0058% | 8h | $6K | $54K | 10x | as long as short |
| Aevo OP-PERPshort | −0.081% | +0.0096% | 1h | $4K | — | 3x | |
| Coinbase International OP-PERP-INTX | −0.081% | −0.0344% | 1h | $21K | $69K | 50x | as long as short |
| SoDEX OP-USD | −0.057% | +0.0100% | 1h | $191 | $6K | 5x | as long as short |
| edgeX OPUSDC | −0.027% | +0.0100% | 4h | $9K | $380K | 10x | as long as short |
| GMX OP/USD [OP-USDC] | −0.020% | L −0.1711% / S +0.0335% | 1h | $13K | — | 100x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC OP_USDT | −0.016% | +0.0047% | 8h | $20.0M | $8.4M | 300x | as long as short |
| Binance OPUSDT | −0.015% | +0.0049% | 8h | $20.2M | $64.1M | 75x | as long as short |
| Reya OPRUSDPERP | −0.013% | +0.0433% | 1h | $688 | — | 20x | as long as short |
| Gate OP_USDT | −0.008% | +0.0030% | 8h | $1.8M | $1.5M | 50x | as long as short |
| Lighter OP | 0.000% | +0.0096% | 1h | $266K | $917K | 15x | as long as short |
| KuCoin OPUSDTMlong | 0.000% | +0.0100% | 8h | $2.9M | $7.3M | 75x | |
| BingX OP-USDC | 0.000% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.000% | 0.0000% | 1h | $44K | $203K | 25x | as long as short |
| Aster OPUSDT | +0.005% | +0.0100% | 8h | $200K | $255K | 10x | as long as short |
| gTrade (Gains Network) OP/USD | +0.018% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| Variational Omni OP | +0.029% | −0.0130% | 8h | $226K | $40K | — | as long as short |
| HTX OP-USDT | +0.040% | +0.0100% | 8h | $175K | $261K | 50x | as long as short |
| BloFin OP-USDT | +0.048% | +0.0169% | 8h | $1.0M | $335K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.100% | +0.0619% | 1h | $768K | $671K | 20x | as long as short |
| Hyperliquid OP | +0.129% | +0.0100% | 1h | $3.9M | $3.1M | 5x | as long as short |
| Backpack OP_USDC_PERP | +0.145% | +0.0100% | 1h | $127K | $200K | 10x | as long as short |
| dYdX OP-USD | +0.179% | 0.0000% | 1h | $38K | $10 | 10x | as long as short |
| ApeX Omni OPUSDT | +0.323% | +0.0100% | 1h | $45K | $718K | 50x | as long as short |
| Injective OP/USDC PERP | +3.069% | +0.0033% | 1h | $25K | $134K | 12x | as long as short |