Spread before costs (cost unknown: a leg has no order-book sample)−1.041%
7d average—if it closes, per $10,000$104funding while held, a day−$22.74
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya OPRUSDPERP | 0.1276 | 0.0430 | pay 0.0054% / 1h | 34m 46s | $710 | — | 20x |
| Short | Coinbase International OP-PERP-INTX | 0.1263 | −0.0328 | pay 0.0041% / 1h | 34m 46s | $27K | $83K | 50x |
Reya OPRUSDPERP
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
- −$104.09
- Funding while held
- −$22.74
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$142.83
- Spread needed to break even
- 0.160%
Slippage unknown: Reya: no order-book sample; Coinbase International: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0758%
- Per $10,000 a day
- −$22.74
- 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 Coinbase International no order-book sample | — | — | — | — | — |
Reya 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 International0.1263cheapest
edgeX0.1273+0.826%ApeX Omni0.1275+0.950%Variational Omni0.1276+0.993%
ApeX Omni
Variational OmniReya0.1276+1.052%
Bybit0.1277+1.077%dYdX0.1277+1.082%OKX0.1277+1.101%HTX0.1277+1.101%Extended0.1277+1.107%Bitget0.1277+1.108%BingX0.1277+1.108%Orderly0.1277+1.108%Aevo0.1277+1.108%BloFin0.1277+1.116%Aster0.1277+1.123%SoDEX0.1277+1.140%Backpack0.1278+1.148%gTrade (Gains Network)0.1278+1.155%KuCoin0.1278+1.188%Deribit0.1278+1.188%GMX0.1278+1.189%Binance0.1278+1.202%Gate0.1278+1.227%MEXC0.1278+1.227%Hyperliquid0.1279+1.235%Kraken Futures0.1279+1.281%Lighter0.1280+1.314%Injective0.1297+2.692%
Bybit
dYdX
OKX
HTX
Extended
Bitget
BingX
Orderly
Aevo
BloFin
Aster
SoDEX
Backpack
gTrade (Gains Network)
KuCoin
Deribit
GMX
Binance
Gate
MEXC
Hyperliquid
Kraken Futures
Lighter
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 | −1.041% | −0.0328% | 1h | $27K | $83K | 50x | |
| edgeX OPUSDC | −0.224% | +0.0100% | 4h | $4K | $407K | 10x | as long as short |
| ApeX Omni OPUSDT | −0.101% | +0.0034% | 1h | $46K | $710K | 50x | as long as short |
| Variational Omni OP | −0.059% | −0.0060% | 8h | $235K | $44K | — | as long as short |
| Reya OPRUSDPERPlong | 0.000% | +0.0430% | 1h | $710 | — | 20x | |
| Bybit OPUSDT | +0.025% | +0.0010% | 8h | $17.9M | $27.0M | 75x | as long as short |
| dYdX OP-USD | +0.030% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| OKX OP-USDT-SWAP | +0.048% | +0.0081% | 8h | $6.0M | $32.3M | 50x | as long as short |
| HTX OP-USDT | +0.048% | +0.0100% | 8h | $193K | $243K | 50x | as long as short |
| Extended OP-USD | +0.054% | −0.0152% | 1h | $102K | $214K | 25x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget OPUSDT | +0.056% | +0.0100% | 8h | $6.0M | $6.0M | 75x | as long as short |
| BingX OP-USDC | +0.056% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| Orderly PERP_OP_USDC | +0.056% | −0.0073% | 8h | $7K | $53K | 10x | as long as short |
| Aevo OP-PERP | +0.056% | +0.0040% | 1h | $4K | — | 3x | as long as short |
| BloFin OP-USDT | +0.064% | −0.0028% | 8h | $1.0M | $582K | 75x | as long as short |
| Aster OPUSDT | +0.070% | +0.0100% | 8h | $201K | $434K | 10x | as long as short |
| SoDEX OP-USD | +0.087% | +0.0100% | 1h | $162 | $5K | 5x | as long as short |
| Backpack OP_USDC_PERP | +0.095% | +0.0100% | 1h | $133K | $163K | 10x | as long as short |
| gTrade (Gains Network) OP/USD | +0.102% | L +0.0005% / S −0.0004% | 1h | $1K | — | 150x | as long as short |
| KuCoin OPUSDTM | +0.134% | +0.0100% | 8h | $2.9M | $6.7M | 75x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.134% | 0.0000% | 1h | $48K | $202K | 25x | as long as short |
| GMX OP/USD [OP-USDC] | +0.136% | L −0.1469% / S +0.0291% | 1h | $13K | — | 100x | as long as short |
| Binance OPUSDT | +0.149% | −0.0148% | 8h | $20.7M | $64.6M | 75x | as long as short |
| Gate OP_USDT | +0.174% | +0.0100% | 8h | $1.8M | $1.7M | 50x | as long as short |
| MEXC OP_USDT | +0.174% | −0.0150% | 8h | $20.2M | $8.8M | 300x | as long as short |
| Hyperliquid OP | +0.181% | +0.0100% | 1h | $4.1M | $3.1M | 5x | as long as short |
| Kraken Futures PF_OPUSD | +0.227% | +0.0142% | 1h | $788K | $663K | 20x | as long as short |
| Lighter OP | +0.260% | +0.0096% | 1h | $370K | $750K | 15x | as long as short |
| Injective OP/USDC PERP | +1.623% | +0.0033% | 1h | $25K | $185K | 12x | as long as short |