Spread before costs (cost unknown: a leg has no order-book sample)+0.057%
7d average—if it closes, per $10,000$6funding while held, a day−$11.04
| 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 | 52m 50s | $691 | — | 20x |
| Short | MEXC OP_USDT | 0.1243 | 0.0065 | get 0.0065% / 8h | 5h 52m | $19.7M | $7.3M | 300x |
Reya OPRUSDPERP
MEXC OP_USDTPrice 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
- $5.68
- Funding while held
- −$11.04
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$11.36
- Spread needed to break even
- 0.060%
Slippage unknown: Reya: no order-book sample; MEXC: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0368%
- Per $10,000 a day
- −$11.04
- 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 MEXC live order book, 2 min ago | 0.40 bp | 2.5 bp −$3 | 8.6 bp −$86 | 67.1 bp −$6,713 | 122.3 bp −$61.2K |
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 International0.1219cheapestInjective0.1234+1.231%Variational Omni0.1234+1.241%edgeX0.1237+1.498%ApeX Omni0.1238+1.559%Aster0.1242+1.879%KuCoin0.1242+1.887%Orderly0.1242+1.887%SoDEX0.1242+1.887%Deribit0.1242+1.887%Aevo0.1242+1.893%Lighter0.1242+1.895%BloFin0.1242+1.903%Backpack0.1242+1.911%
Coinbase International
Injective
Variational Omni
ApeX Omni
Aster
KuCoin
Orderly
SoDEX
Deribit
Aevo
Lighter
BloFin
BackpackReya0.1242+1.919%
GMX0.1243+1.943%Extended0.1243+1.965%Gate0.1243+1.969%Bitget0.1243+1.969%BingX0.1243+1.969%
GMX
Extended
Gate
Bitget
BingXMEXC0.1243+1.977%
HTX0.1243+1.977%gTrade (Gains Network)0.1243+1.978%Bybit0.1243+1.985%Binance0.1243+1.987%Hyperliquid0.1244+2.010%Kraken Futures0.1244+2.022%OKX0.1244+2.051%dYdX0.1244+2.058%
HTX
gTrade (Gains Network)
Bybit
Binance
Hyperliquid
Kraken Futures
OKX
dYdXOP 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 | −1.883% | −0.0336% | 1h | $21K | $68K | 50x | as long as short |
| Injective OP/USDC PERP | −0.676% | −0.1842% | 1h | $34K | $86K | 12x | as long as short |
| Variational Omni OP | −0.665% | −0.0120% | 8h | $224K | $42K | — | as long as short |
| edgeX OPUSDC | −0.414% | +0.0100% | 4h | $9K | $378K | 10x | as long as short |
| ApeX Omni OPUSDT | −0.354% | +0.0100% | 1h | $44K | $718K | 50x | as long as short |
| Aster OPUSDT | −0.039% | +0.0100% | 8h | $212K | $266K | 10x | as long as short |
| KuCoin OPUSDTM | −0.032% | +0.0100% | 8h | $2.9M | $7.5M | 75x | as long as short |
| Orderly PERP_OP_USDC | −0.032% | −0.0053% | 8h | $6K | $54K | 10x | as long as short |
| SoDEX OP-USD | −0.032% | +0.0100% | 1h | $198 | $6K | 5x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.032% | 0.0000% | 1h | $43K | $188K | 25x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo OP-PERP | −0.025% | +0.0096% | 1h | $4K | — | 3x | as long as short |
| Lighter OP | −0.024% | +0.0096% | 1h | $268K | $904K | 15x | as long as short |
| BloFin OP-USDT | −0.016% | +0.0190% | 8h | $1.0M | $321K | 75x | as long as short |
| Backpack OP_USDC_PERP | −0.008% | +0.0100% | 1h | $127K | $200K | 10x | as long as short |
| Reya OPRUSDPERPlong | 0.000% | +0.0433% | 1h | $691 | — | 20x | |
| GMX OP/USD [OP-USDC] | +0.024% | L −0.1436% / S +0.0290% | 1h | $13K | — | 100x | as long as short |
| Extended OP-USD | +0.045% | +0.0072% | 1h | $99K | $206K | 25x | as long as short |
| Gate OP_USDT | +0.049% | +0.0068% | 8h | $1.8M | $1.4M | 50x | as long as short |
| Bitget OPUSDT | +0.049% | +0.0100% | 8h | $5.9M | $6.3M | 75x | as long as short |
| BingX OP-USDC | +0.049% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| MEXC OP_USDTshort | +0.057% | +0.0065% | 8h | $19.7M | $7.3M | 300x | |
| HTX OP-USDT | +0.057% | +0.0100% | 8h | $177K | $273K | 50x | as long as short |
| gTrade (Gains Network) OP/USD | +0.058% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| Bybit OPUSDT | +0.065% | +0.0007% | 8h | $18.1M | $26.7M | 75x | as long as short |
| Binance OPUSDT | +0.067% | +0.0070% | 8h | $19.8M | $66.5M | 75x | as long as short |
| Hyperliquid OP | +0.089% | +0.0100% | 1h | $3.8M | $3.2M | 5x | as long as short |
| Kraken Futures PF_OPUSD | +0.101% | +0.0542% | 1h | $772K | $783K | 20x | as long as short |
| OKX OP-USDT-SWAP | +0.129% | +0.0017% | 8h | $5.7M | $31.2M | 50x | as long as short |
| dYdX OP-USD | +0.136% | 0.0000% | 1h | $38K | $10 | 10x | as long as short |