Spread before costs (cost unknown: a leg has no order-book sample)+0.214%
7d average—if it closes, per $10,000$21funding while held, a day+$11.63
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX OP-USDT-SWAP | 0.1275 | 0.0043 | pay 0.0043% / 8h | 50m 44s | $6.1M | $32.8M | 50x |
| Short | Reya OPRUSDPERP | 0.1277 | 0.0431 | get 0.0054% / 1h | 50m 44s | $710 | — | 20x |
OKX OP-USDT-SWAP
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
- $21.43
- Funding while held
- $11.63
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $17.06
- Spread needed to break even
- 0.160%
Slippage unknown: OKX: live order book, 4 min ago; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0388%
- Per $10,000 a day
- +$11.63
- 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 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.Coinbase International0.1270cheapestVariational Omni0.1272+0.149%edgeX0.1273+0.269%Bybit0.1275+0.362%
Coinbase International
Variational Omni
BybitOKX0.1275+0.370%
BingX0.1275+0.394%Extended0.1275+0.404%Binance0.1276+0.449%MEXC0.1276+0.465%dYdX0.1276+0.470%Bitget0.1276+0.472%ApeX Omni0.1276+0.472%Injective0.1276+0.472%Gate0.1276+0.504%SoDEX0.1276+0.504%Lighter0.1277+0.520%Aster0.1277+0.545%Aevo0.1277+0.547%KuCoin0.1277+0.551%Orderly0.1277+0.551%BloFin0.1277+0.559%HTX0.1277+0.575%
BingX
Extended
Binance
MEXC
dYdX
Bitget
ApeX Omni
Injective
Gate
SoDEX
Lighter
Aster
Aevo
KuCoin
Orderly
BloFin
HTXReya0.1277+0.585%
Backpack0.1278+0.606%Hyperliquid0.1278+0.622%gTrade (Gains Network)0.1278+0.630%Deribit0.1278+0.630%Kraken Futures0.1278+0.632%GMX0.1278+0.647%
Backpack
Hyperliquid
gTrade (Gains Network)
Deribit
Kraken Futures
GMXOP 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 | −0.369% | −0.0296% | 1h | $28K | $84K | 50x | as long as short |
| Variational Omni OP | −0.220% | −0.0065% | 8h | $235K | $45K | — | as long as short |
| edgeX OPUSDC | −0.100% | +0.0100% | 4h | $9K | $379K | 10x | as long as short |
| Bybit OPUSDT | −0.008% | +0.0018% | 8h | $17.9M | $27.3M | 75x | as long as short |
| OKX OP-USDT-SWAPlong | 0.000% | +0.0043% | 8h | $6.1M | $32.8M | 50x | |
| BingX OP-USDT | +0.024% | +0.0100% | 8h | — | $6.7M | — | as long as short |
| Extended OP-USD | +0.033% | −0.0136% | 1h | $102K | $214K | 25x | as long as short |
| Binance OPUSDT | +0.079% | −0.0131% | 8h | $20.9M | $65.8M | 75x | as long as short |
| MEXC OP_USDT | +0.094% | −0.0134% | 8h | $20.2M | $8.5M | 300x | as long as short |
| dYdX OP-USD | +0.100% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget OPUSDT | +0.102% | +0.0100% | 8h | $5.9M | $6.2M | 75x | as long as short |
| ApeX Omni OPUSDT | +0.102% | +0.0100% | 1h | $46K | $713K | 50x | as long as short |
| Injective OP/USDC PERP | +0.102% | +0.0248% | 1h | $25K | $184K | 12x | as long as short |
| Gate OP_USDT | +0.133% | +0.0100% | 8h | $1.8M | $1.6M | 50x | as long as short |
| SoDEX OP-USD | +0.133% | +0.0100% | 1h | $175 | $5K | 5x | as long as short |
| Lighter OP | +0.149% | +0.0096% | 1h | $299K | $827K | 15x | as long as short |
| Aster OPUSDT | +0.174% | +0.0100% | 8h | $201K | $433K | 10x | as long as short |
| Aevo OP-PERP | +0.177% | +0.0048% | 1h | $4K | — | 3x | as long as short |
| KuCoin OPUSDTM | +0.180% | +0.0100% | 8h | $2.8M | $6.9M | 75x | as long as short |
| Orderly PERP_OP_USDC | +0.180% | −0.0082% | 8h | $7K | $52K | 10x | as long as short |
| BloFin OP-USDT | +0.188% | −0.0014% | 8h | $1.1M | $585K | 75x | as long as short |
| HTX OP-USDT | +0.204% | +0.0100% | 8h | $192K | $247K | 50x | as long as short |
| Reya OPRUSDPERPshort | +0.214% | +0.0431% | 1h | $710 | — | 20x | |
| Backpack OP_USDC_PERP | +0.235% | +0.0100% | 1h | $133K | $168K | 10x | as long as short |
| Hyperliquid OP | +0.251% | +0.0100% | 1h | $4.1M | $3.1M | 5x | as long as short |
| gTrade (Gains Network) OP/USD | +0.259% | L +0.0005% / S −0.0004% | 1h | $1K | — | 150x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.259% | 0.0000% | 1h | $49K | $199K | 25x | as long as short |
| Kraken Futures PF_OPUSD | +0.261% | +0.0239% | 1h | $788K | $660K | 20x | as long as short |
| GMX OP/USD [OP-USDC] | +0.276% | L −0.1469% / S +0.0291% | 1h | $13K | — | 100x | as long as short |