After costs, if the gap returns to its 7d average, $10k−$90
spread now−0.055%7d average+0.030%fees + slippage, in and out−$81spread needed0.814%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin OPUSDTM | 0.1274 | 0.0100 | pay 0.0100% / 8h | 52m 02s | $2.8M | $6.9M | 75x |
| Short | Backpack OP_USDC_PERP | 0.1273 | 0.0100 | get 0.0013% / 1h | 52m 02s | $133K | $165K | 10x |
KuCoin OPUSDTM
Backpack OP_USDC_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
- −$5.49
- Funding while held
- $0
- Slippage, 4 orders
- −$59.44
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$86.94
- Spread needed to break even
- 0.814%
Slippage from KuCoin: live order book, 2 min ago; Backpack: live order book, 63 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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, 2 min ago | 7.84 bp | 29.9 bp −$30 | 73.1 bp −$731 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 63 min ago | 1.57 bp | 10.6 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
OP price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International0.1270cheapestExtended0.1272+0.183%Bybit0.1273+0.213%OKX0.1273+0.220%Aevo0.1273+0.227%SoDEX0.1273+0.228%Bitget0.1273+0.236%Orderly0.1273+0.236%Aster0.1273+0.240%MEXC0.1273+0.260%
Coinbase International
Extended
Bybit
OKX
Aevo
SoDEX
Bitget
Orderly
Aster
MEXCBackpack0.1273+0.260%
dYdX0.1273+0.268%Binance0.1273+0.276%Reya0.1274+0.282%Lighter0.1274+0.283%Gate0.1274+0.283%GMX0.1274+0.292%Variational Omni0.1274+0.295%gTrade (Gains Network)0.1274+0.303%
dYdX
Binance
Reya
Lighter
Gate
GMX
Variational Omni
gTrade (Gains Network)KuCoin0.1274+0.315%
BingX0.1274+0.315%Deribit0.1274+0.315%HTX0.1274+0.346%Kraken Futures0.1275+0.357%Hyperliquid0.1275+0.370%edgeX0.1275+0.420%BloFin0.1275+0.425%ApeX Omni0.1276+0.472%Injective0.1276+0.472%
BingX
Deribit
HTX
Kraken Futures
Hyperliquid
BloFin
ApeX Omni
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 | −0.314% | −0.0296% | 1h | $28K | $84K | 50x | as long as short |
| Extended OP-USD | −0.131% | −0.0136% | 1h | $102K | $214K | 25x | as long as short |
| Bybit OPUSDT | −0.102% | +0.0013% | 8h | $17.8M | $27.4M | 75x | as long as short |
| OKX OP-USDT-SWAP | −0.094% | +0.0041% | 8h | $6.0M | $32.6M | 50x | as long as short |
| Aevo OP-PERP | −0.088% | +0.0048% | 1h | $4K | — | 3x | as long as short |
| SoDEX OP-USD | −0.086% | +0.0100% | 1h | $175 | $5K | 5x | as long as short |
| Bitget OPUSDT | −0.078% | +0.0100% | 8h | $5.9M | $6.1M | 75x | as long as short |
| Orderly PERP_OP_USDC | −0.078% | −0.0082% | 8h | $7K | $52K | 10x | as long as short |
| Aster OPUSDT | −0.074% | +0.0100% | 8h | $201K | $433K | 10x | as long as short |
| MEXC OP_USDT | −0.055% | −0.0135% | 8h | $20.2M | $8.5M | 300x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Backpack OP_USDC_PERPshort | −0.055% | +0.0100% | 1h | $133K | $165K | 10x | |
| dYdX OP-USD | −0.047% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| Binance OPUSDT | −0.039% | −0.0134% | 8h | $20.9M | $65.8M | 75x | as long as short |
| Reya OPRUSDPERP | −0.033% | +0.0431% | 1h | $708 | — | 20x | as long as short |
| Lighter OP | −0.031% | +0.0096% | 1h | $299K | $826K | 15x | as long as short |
| Gate OP_USDT | −0.031% | +0.0100% | 8h | $1.8M | $1.6M | 50x | as long as short |
| GMX OP/USD [OP-USDC] | −0.023% | L −0.1469% / S +0.0291% | 1h | $13K | — | 100x | as long as short |
| Variational Omni OP | −0.019% | −0.0075% | 8h | $235K | $45K | — | as long as short |
| gTrade (Gains Network) OP/USD | −0.012% | L +0.0005% / S −0.0004% | 1h | $1K | — | 150x | as long as short |
| KuCoin OPUSDTMlong | 0.000% | +0.0100% | 8h | $2.8M | $6.9M | 75x | |
| BingX OP-USDC | 0.000% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.000% | 0.0000% | 1h | $49K | $200K | 25x | as long as short |
| HTX OP-USDT | +0.031% | +0.0100% | 8h | $191K | $247K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.042% | +0.0240% | 1h | $785K | $660K | 20x | as long as short |
| Hyperliquid OP | +0.055% | +0.0100% | 1h | $4.1M | $3.1M | 5x | as long as short |
| edgeX OPUSDC | +0.105% | +0.0100% | 4h | $9K | $378K | 10x | as long as short |
| BloFin OP-USDT | +0.110% | −0.0016% | 8h | $1.0M | $585K | 75x | as long as short |
| ApeX Omni OPUSDT | +0.157% | +0.0100% | 1h | $46K | $713K | 50x | as long as short |
| Injective OP/USDC PERP | +0.157% | +0.0248% | 1h | $25K | $184K | 12x | as long as short |