Spread before costs (cost unknown: a leg has no order-book sample)−0.498%
7d average—if it closes, per $10,000$50funding while held, a day−$10.04
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya OPRUSDPERP | 0.1268 | 0.0431 | pay 0.0054% / 1h | 39m 48s | $705 | — | 20x |
| Short | Lighter OP | 0.1262 | 0.0096 | get 0.0012% / 1h | 39m 48s | $295K | $829K | 15x |
Reya OPRUSDPERP
Lighter OPPrice 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
- −$49.81
- Funding while held
- −$10.04
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$65.85
- Spread needed to break even
- 0.060%
Slippage unknown: Reya: no order-book sample; Lighter: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0335%
- Per $10,000 a day
- −$10.04
- 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 Lighter live order book, 2 min ago | 4.73 bp | 8.3 bp −$8 | 47.0 bp −$470 | 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.Bybit0.1256cheapestOKX0.1258+0.127%dYdX0.1261+0.364%MEXC0.1261+0.406%Binance0.1262+0.443%
Bybit
OKX
dYdX
MEXC
BinanceLighter0.1262+0.454%
KuCoin0.1262+0.454%Coinbase International0.1263+0.533%Extended0.1264+0.611%Bitget0.1264+0.613%BloFin0.1264+0.637%Variational Omni0.1265+0.679%BingX0.1265+0.693%Hyperliquid0.1265+0.700%Aster0.1266+0.740%Gate0.1266+0.772%Backpack0.1267+0.820%SoDEX0.1268+0.923%
KuCoin
Coinbase International
Extended
Bitget
BloFin
Variational Omni
BingX
Hyperliquid
Aster
Gate
Backpack
SoDEXReya0.1268+0.957%
edgeX0.1269+0.972%Kraken Futures0.1269+0.999%Aevo0.1269+1.003%ApeX Omni0.1269+1.011%Orderly0.1269+1.011%Deribit0.1269+1.011%HTX0.1269+1.027%GMX0.1270+1.065%gTrade (Gains Network)0.1270+1.083%Injective0.1276+1.568%
Kraken Futures
Aevo
ApeX Omni
Orderly
Deribit
HTX
GMX
gTrade (Gains Network)
InjectiveOP on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit OPUSDT | −0.947% | +0.0013% | 8h | $17.6M | $27.6M | 75x | as long as short |
| OKX OP-USDT-SWAP | −0.821% | +0.0037% | 8h | $6.0M | $32.5M | 50x | as long as short |
| dYdX OP-USD | −0.587% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| MEXC OP_USDT | −0.545% | −0.0126% | 8h | $20.3M | $8.6M | 300x | as long as short |
| Binance OPUSDT | −0.508% | −0.0125% | 8h | $21.0M | $66.4M | 75x | as long as short |
| Lighter OPshort | −0.498% | +0.0096% | 1h | $295K | $829K | 15x | |
| KuCoin OPUSDTM | −0.498% | +0.0100% | 8h | $2.8M | $7.0M | 75x | as long as short |
| Coinbase International OP-PERP-INTX | −0.419% | −0.0296% | 1h | $27K | $85K | 50x | as long as short |
| Extended OP-USD | −0.342% | −0.0128% | 1h | $101K | $214K | 25x | as long as short |
| Bitget OPUSDT | −0.340% | +0.0100% | 8h | $5.9M | $6.2M | 75x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin OP-USDT | −0.317% | −0.0008% | 8h | $1.0M | $580K | 75x | as long as short |
| Variational Omni OP | −0.275% | −0.0065% | 8h | $234K | $45K | — | as long as short |
| BingX OP-USDT | −0.262% | +0.0100% | 8h | — | $6.7M | — | as long as short |
| Hyperliquid OP | −0.254% | +0.0100% | 1h | $4.0M | $3.1M | 5x | as long as short |
| Aster OPUSDT | −0.214% | +0.0100% | 8h | $200K | $454K | 10x | as long as short |
| Gate OP_USDT | −0.183% | +0.0100% | 8h | $1.8M | $1.7M | 50x | as long as short |
| Backpack OP_USDC_PERP | −0.135% | +0.0100% | 1h | $131K | $170K | 10x | as long as short |
| SoDEX OP-USD | −0.033% | +0.0100% | 1h | $177 | $5K | 5x | as long as short |
| Reya OPRUSDPERPlong | 0.000% | +0.0431% | 1h | $705 | — | 20x | |
| edgeX OPUSDC | +0.016% | +0.0100% | 4h | $9K | $378K | 10x | as long as short |
| Kraken Futures PF_OPUSD | +0.042% | +0.0241% | 1h | $782K | $657K | 20x | as long as short |
| Aevo OP-PERP | +0.046% | +0.0048% | 1h | $4K | — | 3x | as long as short |
| ApeX Omni OPUSDT | +0.054% | +0.0100% | 1h | $46K | $716K | 50x | as long as short |
| Orderly PERP_OP_USDC | +0.054% | −0.0078% | 8h | $7K | $53K | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.054% | 0.0000% | 1h | $48K | $200K | 25x | as long as short |
| HTX OP-USDT | +0.070% | +0.0100% | 8h | $188K | $250K | 50x | as long as short |
| GMX OP/USD [OP-USDC] | +0.107% | L −0.1469% / S +0.0291% | 1h | $13K | — | 100x | as long as short |
| gTrade (Gains Network) OP/USD | +0.126% | L +0.0005% / S −0.0004% | 1h | $1K | — | 150x | as long as short |
| Injective OP/USDC PERP | +0.606% | +0.0248% | 1h | $25K | $184K | 12x | as long as short |