After costs, if the gap returns to its 7d average, $10k−$93
spread now−0.078%7d average+0.022%fees + slippage, in and out−$83spread needed0.828%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin OPUSDTM | 0.1281 | 0.0100 | pay 0.0100% / 8h | 1h 33m | $2.9M | $6.7M | 75x |
| Short | Deribit OP_USDC-PERPETUAL | 0.1280 | 0 | get 0.0000% / 1h | 33m 02s | $48K | $201K | 25x |
KuCoin OPUSDTM
Deribit OP_USDC-PERPETUALPrice 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
- −$7.81
- Funding while held
- −$3
- Slippage, 4 orders
- −$63.75
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$93.56
- Spread needed to break even
- 0.828%
Slippage from KuCoin: live order book, 1 min ago; Deribit: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0100%
- Per $10,000 a day
- −$3.00
- 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, 1 min ago | 3.91 bp | 37.4 bp −$37 | 78.2 bp −$782 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 2 min ago | 7.82 bp | 11.3 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.Variational Omni0.1276cheapestedgeX0.1277+0.079%ApeX Omni0.1277+0.115%Extended0.1279+0.273%Bybit0.1279+0.279%OKX0.1279+0.287%Aevo0.1279+0.291%Reya0.1279+0.294%Binance0.1280+0.332%MEXC0.1280+0.342%Bitget0.1280+0.350%Orderly0.1280+0.350%SoDEX0.1280+0.350%
Variational Omni
ApeX Omni
Extended
Bybit
OKX
Aevo
Reya
Binance
MEXC
Bitget
Orderly
SoDEXDeribit0.1280+0.350%
Coinbase International0.1280+0.350%BingX0.1280+0.358%Aster0.1280+0.368%Backpack0.1280+0.373%BloFin0.1280+0.373%gTrade (Gains Network)0.1280+0.377%dYdX0.1280+0.381%Gate0.1281+0.405%GMX0.1281+0.413%
Coinbase International
BingX
Aster
Backpack
BloFin
gTrade (Gains Network)
dYdX
Gate
GMXKuCoin0.1281+0.428%
Hyperliquid0.1281+0.460%Kraken Futures0.1282+0.470%HTX0.1282+0.507%Lighter0.1282+0.538%Injective0.1297+1.683%
Hyperliquid
Kraken Futures
HTX
Lighter
InjectiveOP on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni OP | −0.426% | −0.0060% | 8h | $235K | $44K | — | as long as short |
| edgeX OPUSDC | −0.348% | +0.0100% | 4h | $4K | $407K | 10x | as long as short |
| ApeX Omni OPUSDT | −0.312% | +0.0100% | 1h | $46K | $710K | 50x | as long as short |
| Extended OP-USD | −0.154% | −0.0144% | 1h | $102K | $214K | 25x | as long as short |
| Bybit OPUSDT | −0.148% | +0.0011% | 8h | $18.0M | $27.0M | 75x | as long as short |
| OKX OP-USDT-SWAP | −0.141% | +0.0081% | 8h | $6.1M | $32.4M | 50x | as long as short |
| Aevo OP-PERP | −0.137% | +0.0048% | 1h | $4K | — | 3x | as long as short |
| Reya OPRUSDPERP | −0.133% | +0.0430% | 1h | $711 | — | 20x | as long as short |
| Binance OPUSDT | −0.096% | −0.0142% | 8h | $20.7M | $64.6M | 75x | as long as short |
| MEXC OP_USDT | −0.086% | −0.0144% | 8h | $20.2M | $8.8M | 300x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget OPUSDT | −0.078% | +0.0100% | 8h | $6.0M | $6.0M | 75x | as long as short |
| Orderly PERP_OP_USDC | −0.078% | −0.0074% | 8h | $7K | $53K | 10x | as long as short |
| SoDEX OP-USD | −0.078% | +0.0100% | 1h | $160 | $5K | 5x | as long as short |
| Deribit OP_USDC-PERPETUALshort | −0.078% | 0.0000% | 1h | $48K | $201K | 25x | |
| Coinbase International OP-PERP-INTX | −0.078% | −0.0328% | 1h | $28K | $84K | 50x | as long as short |
| BingX OP-USDT | −0.070% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| Aster OPUSDT | −0.060% | +0.0100% | 8h | $202K | $434K | 10x | as long as short |
| Backpack OP_USDC_PERP | −0.055% | +0.0100% | 1h | $133K | $163K | 10x | as long as short |
| BloFin OP-USDT | −0.055% | −0.0022% | 8h | $1.0M | $583K | 75x | as long as short |
| gTrade (Gains Network) OP/USD | −0.051% | L +0.0005% / S −0.0004% | 1h | $1K | — | 150x | as long as short |
| dYdX OP-USD | −0.047% | 0.0000% | 1h | $40K | $10 | 10x | as long as short |
| Gate OP_USDT | −0.023% | +0.0100% | 8h | $1.8M | $1.7M | 50x | as long as short |
| GMX OP/USD [OP-USDC] | −0.016% | L −0.1469% / S +0.0291% | 1h | $13K | — | 100x | as long as short |
| KuCoin OPUSDTMlong | 0.000% | +0.0100% | 8h | $2.9M | $6.7M | 75x | |
| Hyperliquid OP | +0.031% | +0.0100% | 1h | $4.1M | $3.1M | 5x | as long as short |
| Kraken Futures PF_OPUSD | +0.041% | +0.0141% | 1h | $790K | $663K | 20x | as long as short |
| HTX OP-USDT | +0.078% | +0.0100% | 8h | $193K | $243K | 50x | as long as short |
| Lighter OP | +0.109% | +0.0096% | 1h | $371K | $750K | 15x | as long as short |
| Injective OP/USDC PERP | +1.249% | +0.0033% | 1h | $25K | $185K | 12x | as long as short |