Spread before costs (cost unknown: a leg has no order-book sample)−0.004%
7d average—if it closes, per $10,000$0funding while held, a day−$9.96
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya OPRUSDPERP | 0.1267 | 0.0432 | pay 0.0054% / 1h | 2m 40s | $705 | — | 20x |
| Short | BingX OP-USDC | 0.1267 | 0.0100 | get 0.0100% / 8h | 7h 02m | — | $1.6M | — |
Reya OPRUSDPERP
BingX OP-USDCPrice 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
- −$0.38
- Funding while held
- −$9.96
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$26.34
- Spread needed to break even
- 0.160%
Slippage unknown: Reya: no order-book sample; BingX: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0332%
- Per $10,000 a day
- −$9.96
- 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 BingX live order book, 5 min ago | 11.86 bp | 110.7 bp −$111 | 876.2 bp −$8,762 | 1118.0 bp −$111.8K | 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.Coinbase International0.1257cheapestApeX Omni0.1266+0.716%Bybit0.1266+0.740%Gate0.1267+0.780%Bitget0.1267+0.796%
Coinbase International
ApeX Omni
Bybit
Gate
BitgetBingX0.1267+0.796%
Orderly0.1267+0.796%BloFin0.1267+0.796%
Orderly
BloFinReya0.1267+0.799%
Variational Omni0.1267+0.806%Binance0.1267+0.811%Extended0.1267+0.825%MEXC0.1267+0.827%OKX0.1268+0.835%Aevo0.1268+0.835%SoDEX0.1268+0.835%KuCoin0.1268+0.875%Deribit0.1268+0.875%dYdX0.1268+0.883%Lighter0.1268+0.891%Backpack0.1268+0.891%HTX0.1268+0.899%gTrade (Gains Network)0.1268+0.908%GMX0.1269+0.924%Hyperliquid0.1269+0.971%Kraken Futures0.1269+0.979%edgeX0.1269+0.982%Aster0.1269+0.982%Injective0.1276+1.512%
Variational Omni
Binance
Extended
MEXC
OKX
Aevo
SoDEX
KuCoin
Deribit
dYdX
Lighter
Backpack
HTX
gTrade (Gains Network)
GMX
Hyperliquid
Kraken Futures
Aster
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 | −0.793% | −0.0304% | 1h | $22K | $83K | 50x | as long as short |
| ApeX Omni OPUSDT | −0.083% | +0.0100% | 1h | $45K | $713K | 50x | as long as short |
| Bybit OPUSDT | −0.059% | −0.0267% | 8h | $18.0M | $26.8M | 75x | as long as short |
| Gate OP_USDT | −0.020% | +0.0100% | 8h | $1.8M | $1.6M | 50x | as long as short |
| Bitget OPUSDT | −0.004% | +0.0100% | 8h | $6.0M | $6.3M | 75x | as long as short |
| BingX OP-USDCshort | −0.004% | +0.0100% | 8h | — | $1.6M | — | |
| Orderly PERP_OP_USDC | −0.004% | −0.0073% | 8h | $7K | $53K | 10x | as long as short |
| BloFin OP-USDT | −0.004% | +0.0116% | 8h | $1.0M | $582K | 75x | as long as short |
| Reya OPRUSDPERPlong | 0.000% | +0.0432% | 1h | $705 | — | 20x | |
| Variational Omni OP | +0.007% | −0.0138% | 8h | $234K | $43K | — | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance OPUSDT | +0.012% | −0.0005% | 8h | $20.7M | $67.8M | 75x | as long as short |
| Extended OP-USD | +0.026% | −0.0008% | 1h | $101K | $208K | 25x | as long as short |
| MEXC OP_USDT | +0.028% | −0.0004% | 8h | $20.1M | $8.9M | 300x | as long as short |
| OKX OP-USDT-SWAP | +0.036% | +0.0019% | 8h | $6.0M | $32.8M | 50x | as long as short |
| Aevo OP-PERP | +0.036% | +0.0080% | 1h | $4K | — | 3x | as long as short |
| SoDEX OP-USD | +0.036% | +0.0100% | 1h | $178 | $5K | 5x | as long as short |
| KuCoin OPUSDTM | +0.075% | +0.0100% | 8h | $2.9M | $7.4M | 75x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.075% | 0.0000% | 1h | $47K | $200K | 25x | as long as short |
| dYdX OP-USD | +0.083% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| Lighter OP | +0.091% | +0.0096% | 1h | $284K | $900K | 15x | as long as short |
| Backpack OP_USDC_PERP | +0.091% | +0.0100% | 1h | $135K | $188K | 10x | as long as short |
| HTX OP-USDT | +0.099% | +0.0100% | 8h | $180K | $266K | 50x | as long as short |
| gTrade (Gains Network) OP/USD | +0.108% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| GMX OP/USD [OP-USDC] | +0.123% | L −0.1436% / S +0.0290% | 1h | $13K | — | 100x | as long as short |
| Hyperliquid OP | +0.170% | +0.0100% | 1h | $4.0M | $3.3M | 5x | as long as short |
| Kraken Futures PF_OPUSD | +0.178% | +0.0469% | 1h | $788K | $677K | 20x | as long as short |
| edgeX OPUSDC | +0.181% | +0.0100% | 4h | $10K | $379K | 10x | as long as short |
| Aster OPUSDT | +0.181% | +0.0100% | 8h | $213K | $465K | 10x | as long as short |
| Injective OP/USDC PERP | +0.707% | +0.0033% | 1h | $25K | $184K | 12x | as long as short |