Spread before costs (cost unknown: a leg has no order-book sample)+0.029%
7d average—if it closes, per $10,000$3funding while held, a day−$10.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya OPRUSDPERP | 0.1242 | 0.0433 | pay 0.0054% / 1h | 41m 40s | $690 | — | 20x |
| Short | Backpack OP_USDC_PERP | 0.1242 | 0.0100 | get 0.0013% / 1h | 41m 40s | $129K | $200K | 10x |
Reya OPRUSDPERP
Backpack OP_USDC_PERPPrice 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
- $2.92
- Funding while held
- −$10
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$23.08
- Spread needed to break even
- 0.160%
Slippage unknown: Reya: no order-book sample; Backpack: live order book, 58 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0333%
- Per $10,000 a day
- −$10.00
- 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 Reya no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 58 min ago | 2.82 bp | 12.2 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
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.Injective0.1237cheapestBybit0.1239+0.137%Binance0.1239+0.198%MEXC0.1240+0.202%OKX0.1240+0.210%BingX0.1240+0.210%Extended0.1240+0.219%KuCoin0.1240+0.243%Bitget0.1240+0.243%Coinbase International0.1240+0.243%Lighter0.1241+0.291%dYdX0.1241+0.291%Aster0.1241+0.305%Hyperliquid0.1241+0.315%Gate0.1241+0.323%BloFin0.1241+0.356%
Injective
Bybit
Binance
MEXC
OKX
BingX
Extended
KuCoin
Bitget
Coinbase International
Lighter
dYdX
Aster
Hyperliquid
Gate
BloFinReya0.1242+0.383%
ApeX Omni0.1242+0.404%Orderly0.1242+0.404%Aevo0.1242+0.404%
ApeX Omni
Orderly
AevoBackpack0.1242+0.412%
SoDEX0.1242+0.420%Variational Omni0.1242+0.427%gTrade (Gains Network)0.1243+0.446%edgeX0.1243+0.449%GMX0.1243+0.461%Deribit0.1243+0.485%Kraken Futures0.1244+0.531%HTX0.1244+0.534%
SoDEX
Variational Omni
gTrade (Gains Network)
GMX
Deribit
Kraken Futures
HTXOP on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.382% | −0.1842% | 1h | $34K | $86K | 12x | as long as short |
| Bybit OPUSDT | −0.245% | +0.0014% | 8h | $18.1M | $26.7M | 75x | as long as short |
| Binance OPUSDT | −0.184% | +0.0086% | 8h | $19.7M | $65.7M | 75x | as long as short |
| MEXC OP_USDT | −0.180% | +0.0085% | 8h | $19.6M | $7.4M | 300x | as long as short |
| OKX OP-USDT-SWAP | −0.172% | +0.0023% | 8h | $5.7M | $30.7M | 50x | as long as short |
| BingX OP-USDT | −0.172% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| Extended OP-USD | −0.163% | +0.0088% | 1h | $100K | $206K | 25x | as long as short |
| KuCoin OPUSDTM | −0.140% | +0.0100% | 8h | $2.9M | $7.4M | 75x | as long as short |
| Bitget OPUSDT | −0.140% | +0.0100% | 8h | $6.0M | $6.2M | 75x | as long as short |
| Coinbase International OP-PERP-INTX | −0.140% | −0.0336% | 1h | $21K | $69K | 50x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter OP | −0.092% | +0.0096% | 1h | $267K | $905K | 15x | as long as short |
| dYdX OP-USD | −0.092% | 0.0000% | 1h | $38K | $10 | 10x | as long as short |
| Aster OPUSDT | −0.078% | +0.0100% | 8h | $212K | $268K | 10x | as long as short |
| Hyperliquid OP | −0.067% | +0.0100% | 1h | $3.8M | $3.2M | 5x | as long as short |
| Gate OP_USDT | −0.059% | +0.0074% | 8h | $1.8M | $1.4M | 50x | as long as short |
| BloFin OP-USDT | −0.027% | +0.0204% | 8h | $978K | $315K | 75x | as long as short |
| Reya OPRUSDPERPlong | 0.000% | +0.0433% | 1h | $690 | — | 20x | |
| ApeX Omni OPUSDT | +0.021% | +0.0100% | 1h | $45K | $719K | 50x | as long as short |
| Orderly PERP_OP_USDC | +0.021% | −0.0046% | 8h | $6K | $54K | 10x | as long as short |
| Aevo OP-PERP | +0.021% | +0.0104% | 1h | $4K | — | 3x | as long as short |
| Backpack OP_USDC_PERPshort | +0.029% | +0.0100% | 1h | $129K | $200K | 10x | |
| SoDEX OP-USD | +0.037% | +0.0100% | 1h | $199 | $6K | 5x | as long as short |
| Variational Omni OP | +0.044% | −0.0109% | 8h | $225K | $41K | — | as long as short |
| gTrade (Gains Network) OP/USD | +0.063% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| edgeX OPUSDC | +0.065% | +0.0100% | 4h | $9K | $377K | 10x | as long as short |
| GMX OP/USD [OP-USDC] | +0.077% | L −0.1436% / S +0.0290% | 1h | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.102% | 0.0000% | 1h | $43K | $187K | 25x | as long as short |
| Kraken Futures PF_OPUSD | +0.148% | +0.0542% | 1h | $770K | $785K | 20x | as long as short |
| HTX OP-USDT | +0.150% | +0.0100% | 8h | $177K | $261K | 50x | as long as short |