Spread before costs (cost unknown: a leg has no order-book sample)−0.317%
7d average—if it closes, per $10,000$32funding while held, a day−$6.91
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_OP_USDC | 0.1261 | −0.0074 | get 0.0074% / 8h | 7h 18m | $6K | $53K | 10x |
| Short | Coinbase International OP-PERP-INTX | 0.1257 | −0.0304 | pay 0.0038% / 1h | 18m 16s | $22K | $85K | 50x |
Orderly PERP_OP_USDC
Coinbase International OP-PERP-INTXPrice 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
- −$31.72
- Funding while held
- −$6.91
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$54.63
- Spread needed to break even
- 0.160%
Slippage unknown: Orderly: no order-book sample; Coinbase International: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0230%
- Per $10,000 a day
- −$6.91
- 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Orderly and Coinbase International: 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 International0.1257cheapest
BloFin0.1259+0.167%Backpack0.1259+0.183%Bybit0.1260+0.239%OKX0.1260+0.270%Reya0.1261+0.285%SoDEX0.1261+0.294%Extended0.1261+0.299%KuCoin0.1261+0.318%BingX0.1261+0.318%
BloFin
Backpack
Bybit
OKX
Reya
SoDEX
Extended
KuCoin
BingXOrderly0.1261+0.318%
Binance0.1261+0.318%Gate0.1261+0.326%MEXC0.1261+0.334%Lighter0.1261+0.342%Variational Omni0.1261+0.358%Aevo0.1262+0.358%Aster0.1262+0.376%gTrade (Gains Network)0.1262+0.378%Bitget0.1262+0.398%Deribit0.1262+0.398%GMX0.1262+0.408%HTX0.1262+0.414%Hyperliquid0.1262+0.430%dYdX0.1263+0.474%ApeX Omni0.1263+0.477%Kraken Futures0.1263+0.494%edgeX0.1267+0.804%Injective0.1276+1.512%
Binance
Gate
MEXC
Lighter
Variational Omni
Aevo
Aster
gTrade (Gains Network)
Bitget
Deribit
GMX
HTX
Hyperliquid
dYdX
ApeX Omni
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-INTXshort | −0.317% | −0.0304% | 1h | $22K | $85K | 50x | |
| BloFin OP-USDT | −0.151% | +0.0101% | 8h | $1.0M | $580K | 75x | as long as short |
| Backpack OP_USDC_PERP | −0.135% | +0.0100% | 1h | $134K | $189K | 10x | as long as short |
| Bybit OPUSDT | −0.079% | −0.0335% | 8h | $17.8M | $27.5M | 75x | as long as short |
| OKX OP-USDT-SWAP | −0.048% | +0.0027% | 8h | $6.0M | $33.1M | 50x | as long as short |
| Reya OPRUSDPERP | −0.033% | +0.0432% | 1h | $701 | — | 20x | as long as short |
| SoDEX OP-USD | −0.024% | +0.0100% | 1h | $182 | $6K | 5x | as long as short |
| Extended OP-USD | −0.019% | −0.0016% | 1h | $101K | $208K | 25x | as long as short |
| KuCoin OPUSDTM | 0.000% | +0.0100% | 8h | $2.9M | $7.4M | 75x | as long as short |
| BingX OP-USDC | 0.000% | +0.0100% | 8h | — | $1.6M | — | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_OP_USDClong | 0.000% | −0.0074% | 8h | $6K | $53K | 10x | |
| Binance OPUSDT | 0.000% | −0.0019% | 8h | $20.6M | $68.6M | 75x | as long as short |
| Gate OP_USDT | +0.008% | +0.0100% | 8h | $1.8M | $1.6M | 50x | as long as short |
| MEXC OP_USDT | +0.016% | −0.0018% | 8h | $20.1M | $8.8M | 300x | as long as short |
| Lighter OP | +0.024% | +0.0096% | 1h | $282K | $900K | 15x | as long as short |
| Variational Omni OP | +0.039% | −0.0122% | 8h | $233K | $43K | — | as long as short |
| Aevo OP-PERP | +0.040% | +0.0072% | 1h | $4K | — | 3x | as long as short |
| Aster OPUSDT | +0.058% | +0.0100% | 8h | $212K | $465K | 10x | as long as short |
| gTrade (Gains Network) OP/USD | +0.059% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| Bitget OPUSDT | +0.079% | +0.0100% | 8h | $6.0M | $6.4M | 75x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.079% | 0.0000% | 1h | $47K | $200K | 25x | as long as short |
| GMX OP/USD [OP-USDC] | +0.090% | L −0.1162% / S +0.0245% | 1h | $13K | — | 100x | as long as short |
| HTX OP-USDT | +0.095% | +0.0100% | 8h | $180K | $269K | 50x | as long as short |
| Hyperliquid OP | +0.111% | +0.0100% | 1h | $3.9M | $3.3M | 5x | as long as short |
| dYdX OP-USD | +0.156% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| ApeX Omni OPUSDT | +0.159% | +0.0100% | 1h | $45K | $713K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.175% | +0.0471% | 1h | $784K | $679K | 20x | as long as short |
| edgeX OPUSDC | +0.485% | +0.0100% | 4h | $9K | $378K | 10x | as long as short |
| Injective OP/USDC PERP | +1.190% | +0.0033% | 1h | $25K | $184K | 12x | as long as short |