After costs, if the gap returns to its 7d average, $10k−$37
spread now+0.197%7d average−0.014%fees + slippage, in and out−$58spread needed0.581%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX OP-USDT-SWAP | 0.1258 | 0.0036 | pay 0.0036% / 8h | 7h 55m | $6.0M | $33.3M | 50x |
| Short | edgeX OPUSDC | 0.1261 | 0.0100 | get 0.0050% / 4h | 3h 55m | $8K | $379K | 10x |
OKX OP-USDT-SWAPPrice 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
- $19.67
- Funding while held
- $1.91
- Slippage, 4 orders
- −$39.14
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$36.56
- Spread needed to break even
- 0.581%
Slippage from OKX: live order book, 5 min ago; edgeX: live order book, 54 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0064%
- Per $10,000 a day
- +$1.91
- 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 OKX live order book, 5 min ago | 0.40 bp | 11.5 bp −$12 | 25.6 bp −$256 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 54 min ago | 7.86 bp | 18.0 bp −$18 | 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 International0.1248cheapestBybit0.1257+0.729%
Coinbase International
BybitOKX0.1258+0.825%
Binance0.1259+0.882%BloFin0.1260+0.970%Reya0.1260+0.984%Extended0.1261+1.007%BingX0.1261+1.034%Bitget0.1261+1.042%ApeX Omni0.1261+1.042%Hyperliquid0.1261+1.074%MEXC0.1261+1.074%Gate0.1262+1.154%Lighter0.1263+1.178%Variational Omni0.1263+1.213%KuCoin0.1264+1.282%Aster0.1264+1.296%dYdX0.1264+1.297%Orderly0.1265+1.362%SoDEX0.1265+1.394%Aevo0.1265+1.401%Backpack0.1266+1.442%gTrade (Gains Network)0.1266+1.442%Deribit0.1266+1.442%GMX0.1266+1.443%HTX0.1266+1.474%Kraken Futures0.1267+1.525%Injective0.1276+2.244%
Binance
BloFin
Reya
Extended
BingX
Bitget
ApeX Omni
Hyperliquid
MEXC
Gate
Lighter
Variational Omni
KuCoin
Aster
dYdX
Orderly
SoDEX
Aevo
Backpack
gTrade (Gains Network)
Deribit
GMX
HTX
Kraken Futures
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 | −0.819% | −0.0304% | 1h | $22K | $90K | 50x | as long as short |
| Bybit OPUSDT | −0.095% | −0.0169% | 8h | $17.8M | $28.0M | 75x | as long as short |
| OKX OP-USDT-SWAPlong | 0.000% | +0.0036% | 8h | $6.0M | $33.3M | 50x | |
| Binance OPUSDT | +0.056% | −0.0060% | 8h | $20.9M | $69.2M | 75x | as long as short |
| BloFin OP-USDT | +0.143% | +0.0053% | 8h | $1.0M | $583K | 75x | as long as short |
| Reya OPRUSDPERP | +0.157% | +0.0431% | 1h | $701 | — | 20x | as long as short |
| Extended OP-USD | +0.180% | −0.0064% | 1h | $101K | $212K | 25x | as long as short |
| edgeX OPUSDCshort | +0.197% | +0.0100% | 4h | $8K | $379K | 10x | |
| BingX OP-USDT | +0.207% | +0.0100% | 8h | — | $6.9M | — | as long as short |
| Bitget OPUSDT | +0.215% | +0.0100% | 8h | $5.9M | $6.6M | 75x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni OPUSDT | +0.215% | +0.0100% | 1h | $45K | $713K | 50x | as long as short |
| Hyperliquid OP | +0.246% | +0.0100% | 1h | $3.9M | $3.3M | 5x | as long as short |
| MEXC OP_USDT | +0.246% | −0.0063% | 8h | $20.2M | $8.7M | 300x | as long as short |
| Gate OP_USDT | +0.326% | +0.0100% | 8h | $1.8M | $1.6M | 50x | as long as short |
| Lighter OP | +0.350% | +0.0096% | 1h | $283K | $827K | 15x | as long as short |
| Variational Omni OP | +0.385% | −0.0078% | 8h | $232K | $46K | — | as long as short |
| KuCoin OPUSDTM | +0.453% | +0.0100% | 8h | $2.9M | $7.4M | 75x | as long as short |
| Aster OPUSDT | +0.467% | +0.0100% | 8h | $214K | $470K | 10x | as long as short |
| dYdX OP-USD | +0.468% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| Orderly PERP_OP_USDC | +0.532% | −0.0077% | 8h | $6K | $54K | 10x | as long as short |
| SoDEX OP-USD | +0.564% | +0.0100% | 1h | $196 | $5K | 5x | as long as short |
| Aevo OP-PERP | +0.571% | +0.0064% | 1h | $4K | — | 3x | as long as short |
| Backpack OP_USDC_PERP | +0.612% | +0.0100% | 1h | $138K | $183K | 10x | as long as short |
| gTrade (Gains Network) OP/USD | +0.612% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.612% | 0.0000% | 1h | $47K | $200K | 25x | as long as short |
| GMX OP/USD [OP-USDC] | +0.613% | L −0.1440% / S +0.0291% | 1h | $13K | — | 100x | as long as short |
| HTX OP-USDT | +0.644% | +0.0100% | 8h | $181K | $275K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.694% | +0.0470% | 1h | $785K | $675K | 20x | as long as short |
| Injective OP/USDC PERP | +1.407% | +0.0033% | 1h | $25K | $184K | 12x | as long as short |