Spread before costs (cost unknown: a leg has no order-book sample)+0.008%
7d average—if it closes, per $10,000$1funding while held, a day−$1.15
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX OP-USDT-SWAP | 0.1278 | 0.0043 | pay 0.0043% / 8h | 51m 14s | $6.1M | $32.8M | 50x |
| Short | gTrade (Gains Network) OP/USD | 0.1278 | L +0.0005% / S −0.0004% | get 0.0001% / 1h | 51m 14s | $1K | — | 150x |
OKX OP-USDT-SWAP
gTrade (Gains Network) OP/USDPrice 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
- $0.78
- Funding while held
- −$1.15
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$20.37
- Spread needed to break even
- 0.200%
Slippage unknown: OKX: live order book, 4 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0038%
- Per $10,000 a day
- −$1.15
- 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, 4 min ago | 0.39 bp | 9.7 bp −$10 | 25.1 bp −$251 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
gTrade (Gains Network): 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.Coinbase International0.1270cheapestBackpack0.1273+0.260%edgeX0.1273+0.269%Variational Omni0.1274+0.295%dYdX0.1274+0.302%ApeX Omni0.1276+0.472%Injective0.1276+0.472%Extended0.1276+0.484%SoDEX0.1276+0.504%Gate0.1277+0.512%Aster0.1277+0.531%Bybit0.1277+0.535%Aevo0.1277+0.547%KuCoin0.1277+0.551%Orderly0.1277+0.551%BloFin0.1277+0.559%HTX0.1277+0.575%Lighter0.1277+0.583%Reya0.1277+0.585%BingX0.1278+0.591%Binance0.1278+0.592%MEXC0.1278+0.598%
Coinbase International
Backpack
Variational Omni
dYdX
ApeX Omni
Injective
Extended
SoDEX
Gate
Aster
Bybit
Aevo
KuCoin
Orderly
BloFin
HTX
Lighter
Reya
BingX
Binance
MEXCOKX0.1278+0.622%
Bitget0.1278+0.630%
BitgetgTrade (Gains Network)0.1278+0.630%
Deribit0.1278+0.630%Kraken Futures0.1278+0.632%GMX0.1278+0.647%Hyperliquid0.1279+0.724%
Deribit
Kraken Futures
GMX
HyperliquidOP 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 | −0.618% | −0.0296% | 1h | $28K | $84K | 50x | as long as short |
| Backpack OP_USDC_PERP | −0.360% | +0.0100% | 1h | $133K | $165K | 10x | as long as short |
| edgeX OPUSDC | −0.351% | +0.0100% | 4h | $9K | $379K | 10x | as long as short |
| Variational Omni OP | −0.325% | −0.0075% | 8h | $235K | $45K | — | as long as short |
| dYdX OP-USD | −0.318% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| ApeX Omni OPUSDT | −0.149% | +0.0100% | 1h | $46K | $713K | 50x | as long as short |
| Injective OP/USDC PERP | −0.149% | +0.0248% | 1h | $25K | $184K | 12x | as long as short |
| Extended OP-USD | −0.137% | −0.0136% | 1h | $102K | $214K | 25x | as long as short |
| SoDEX OP-USD | −0.117% | +0.0100% | 1h | $175 | $5K | 5x | as long as short |
| Gate OP_USDT | −0.110% | +0.0100% | 8h | $1.8M | $1.6M | 50x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster OPUSDT | −0.091% | +0.0100% | 8h | $201K | $433K | 10x | as long as short |
| Bybit OPUSDT | −0.086% | +0.0016% | 8h | $17.9M | $27.4M | 75x | as long as short |
| Aevo OP-PERP | −0.074% | +0.0048% | 1h | $4K | — | 3x | as long as short |
| KuCoin OPUSDTM | −0.070% | +0.0100% | 8h | $2.8M | $6.9M | 75x | as long as short |
| Orderly PERP_OP_USDC | −0.070% | −0.0082% | 8h | $7K | $52K | 10x | as long as short |
| BloFin OP-USDT | −0.063% | −0.0014% | 8h | $1.1M | $585K | 75x | as long as short |
| HTX OP-USDT | −0.047% | +0.0100% | 8h | $192K | $247K | 50x | as long as short |
| Lighter OP | −0.039% | +0.0096% | 1h | $300K | $826K | 15x | as long as short |
| Reya OPRUSDPERP | −0.037% | +0.0431% | 1h | $710 | — | 20x | as long as short |
| BingX OP-USDT | −0.031% | +0.0100% | 8h | — | $6.6M | — | as long as short |
| Binance OPUSDT | −0.030% | −0.0134% | 8h | $20.9M | $65.8M | 75x | as long as short |
| MEXC OP_USDT | −0.023% | −0.0134% | 8h | $20.2M | $8.5M | 300x | as long as short |
| OKX OP-USDT-SWAPlong | 0.000% | +0.0043% | 8h | $6.1M | $32.8M | 50x | |
| Bitget OPUSDT | +0.008% | +0.0100% | 8h | $5.9M | $6.2M | 75x | as long as short |
| gTrade (Gains Network) OP/USDshort | +0.008% | L +0.0005% / S −0.0004% | 1h | $1K | — | 150x | |
| Deribit OP_USDC-PERPETUAL | +0.008% | 0.0000% | 1h | $49K | $199K | 25x | as long as short |
| Kraken Futures PF_OPUSD | +0.010% | +0.0239% | 1h | $788K | $660K | 20x | as long as short |
| GMX OP/USD [OP-USDC] | +0.025% | L −0.1469% / S +0.0291% | 1h | $13K | — | 100x | as long as short |
| Hyperliquid OP | +0.102% | +0.0100% | 1h | $4.1M | $3.1M | 5x | as long as short |