Spread before costs (cost unknown: a leg has no order-book sample)+0.163%
7d average—if it closes, per $10,000$16funding while held, a day+$10.10
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter OP | 0.1238 | 0.0096 | pay 0.0012% / 1h | 10m 24s | $266K | $917K | 15x |
| Short | Reya OPRUSDPERP | 0.1240 | 0.0433 | get 0.0054% / 1h | 10m 24s | $689 | — | 20x |
Lighter OP
Reya OPRUSDPERPPrice 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
- $16.28
- Funding while held
- $10.1
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $20.39
- Spread needed to break even
- 0.060%
Slippage unknown: Lighter: live order book, 22 min ago; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0337%
- Per $10,000 a day
- +$10.10
- 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 Lighter live order book, 22 min ago | 5.62 bp | 15.6 bp −$16 | 43.0 bp −$430 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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.SoDEX0.1236cheapestBackpack0.1236+0.008%Deribit0.1236+0.016%Aevo0.1236+0.045%Coinbase International0.1237+0.097%BloFin0.1237+0.105%Kraken Futures0.1237+0.126%
SoDEX
Backpack
Deribit
Aevo
Coinbase International
BloFin
Kraken FuturesLighter0.1238+0.170%
HTX0.1238+0.178%Variational Omni0.1238+0.207%Bybit0.1239+0.218%Extended0.1239+0.239%Aster0.1239+0.240%dYdX0.1239+0.251%MEXC0.1239+0.259%KuCoin0.1239+0.259%Orderly0.1239+0.259%Gate0.1239+0.267%OKX0.1239+0.275%BingX0.1239+0.275%Binance0.1240+0.307%GMX0.1240+0.324%
HTX
Variational Omni
Bybit
Extended
Aster
dYdX
MEXC
KuCoin
Orderly
Gate
OKX
BingX
Binance
GMXReya0.1240+0.333%
Bitget0.1240+0.340%gTrade (Gains Network)0.1240+0.340%Hyperliquid0.1241+0.429%ApeX Omni0.1242+0.502%edgeX0.1243+0.566%Injective0.1276+3.253%
Bitget
gTrade (Gains Network)
Hyperliquid
ApeX Omni
InjectiveOP on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX OP-USD | −0.170% | +0.0100% | 1h | $193 | $6K | 5x | as long as short |
| Backpack OP_USDC_PERP | −0.162% | +0.0100% | 1h | $126K | $199K | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.153% | 0.0000% | 1h | $43K | $203K | 25x | as long as short |
| Aevo OP-PERP | −0.125% | +0.0096% | 1h | $4K | — | 3x | as long as short |
| Coinbase International OP-PERP-INTX | −0.073% | −0.0344% | 1h | $21K | $69K | 50x | as long as short |
| BloFin OP-USDT | −0.065% | +0.0167% | 8h | $1.0M | $335K | 75x | as long as short |
| Kraken Futures PF_OPUSD | −0.044% | +0.0620% | 1h | $767K | $672K | 20x | as long as short |
| Lighter OPlong | 0.000% | +0.0096% | 1h | $266K | $917K | 15x | |
| HTX OP-USDT | +0.008% | +0.0100% | 8h | $175K | $264K | 50x | as long as short |
| Variational Omni OP | +0.037% | −0.0130% | 8h | $226K | $40K | — | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit OPUSDT | +0.048% | −0.0100% | 8h | $17.4M | $25.5M | 75x | as long as short |
| Extended OP-USD | +0.069% | +0.0048% | 1h | $99K | $206K | 25x | as long as short |
| Aster OPUSDT | +0.070% | +0.0100% | 8h | $201K | $255K | 10x | as long as short |
| dYdX OP-USD | +0.081% | 0.0000% | 1h | $38K | $10 | 10x | as long as short |
| MEXC OP_USDT | +0.089% | +0.0046% | 8h | $20.0M | $8.4M | 300x | as long as short |
| KuCoin OPUSDTM | +0.089% | +0.0100% | 8h | $2.9M | $7.2M | 75x | as long as short |
| Orderly PERP_OP_USDC | +0.089% | −0.0058% | 8h | $6K | $54K | 10x | as long as short |
| Gate OP_USDT | +0.097% | +0.0022% | 8h | $1.8M | $1.5M | 50x | as long as short |
| OKX OP-USDT-SWAP | +0.105% | +0.0015% | 8h | $5.8M | $30.4M | 50x | as long as short |
| BingX OP-USDT | +0.105% | +0.0100% | 8h | — | $7.0M | — | as long as short |
| Binance OPUSDT | +0.137% | +0.0047% | 8h | $20.2M | $64.2M | 75x | as long as short |
| GMX OP/USD [OP-USDC] | +0.153% | L −0.1711% / S +0.0335% | 1h | $13K | — | 100x | as long as short |
| Reya OPRUSDPERPshort | +0.163% | +0.0433% | 1h | $689 | — | 20x | |
| Bitget OPUSDT | +0.170% | +0.0100% | 8h | $5.8M | $5.9M | 75x | as long as short |
| gTrade (Gains Network) OP/USD | +0.170% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| Hyperliquid OP | +0.259% | +0.0100% | 1h | $3.9M | $3.2M | 5x | as long as short |
| ApeX Omni OPUSDT | +0.331% | +0.0100% | 1h | $45K | $718K | 50x | as long as short |
| edgeX OPUSDC | +0.396% | +0.0100% | 4h | $9K | $382K | 10x | as long as short |
| Injective OP/USDC PERP | +3.078% | +0.0033% | 1h | $25K | $134K | 12x | as long as short |