Spread before costs (cost unknown: a leg has no order-book sample)−0.152%
7d average—if it closes, per $10,000$15funding while held, a day−$11.88
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya OPRUSDPERP | 0.1259 | 0.0431 | pay 0.0054% / 1h | 37m 12s | $700 | — | 20x |
| Short | OKX OP-USDT-SWAP | 0.1257 | 0.0035 | get 0.0035% / 8h | 37m 12s | $6.0M | $32.6M | 50x |
Reya OPRUSDPERP
OKX OP-USDT-SWAPPrice 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
- −$15.18
- Funding while held
- −$11.88
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$43.06
- Spread needed to break even
- 0.160%
Slippage unknown: Reya: no order-book sample; OKX: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0396%
- Per $10,000 a day
- −$11.88
- 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 OKX live order book, 3 min ago | 0.40 bp | 14.1 bp −$14 | 33.7 bp −$337 | 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.dYdX0.1255cheapest
dYdXOKX0.1257+0.121%
BingX0.1257+0.152%Bybit0.1258+0.192%KuCoin0.1258+0.232%Bitget0.1258+0.232%Coinbase International0.1258+0.232%Gate0.1258+0.240%BloFin0.1258+0.256%
BingX
Bybit
KuCoin
Bitget
Coinbase International
Gate
BloFinReya0.1259+0.273%
Backpack0.1259+0.280%MEXC0.1259+0.296%Binance0.1259+0.316%Extended0.1259+0.344%Aster0.1260+0.357%SoDEX0.1260+0.360%HTX0.1260+0.360%Hyperliquid0.1260+0.368%Aevo0.1260+0.382%gTrade (Gains Network)0.1260+0.391%Orderly0.1260+0.391%Lighter0.1260+0.431%GMX0.1261+0.435%ApeX Omni0.1261+0.471%Deribit0.1261+0.471%Kraken Futures0.1261+0.475%Variational Omni0.1265+0.776%edgeX0.1266+0.896%Injective0.1276+1.666%
Backpack
MEXC
Binance
Extended
Aster
SoDEX
HTX
Hyperliquid
Aevo
gTrade (Gains Network)
Orderly
Lighter
GMX
ApeX Omni
Deribit
Kraken Futures
Variational Omni
InjectiveOP on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| dYdX OP-USD | −0.272% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| OKX OP-USDT-SWAPshort | −0.152% | +0.0035% | 8h | $6.0M | $32.6M | 50x | |
| BingX OP-USDC | −0.120% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| Bybit OPUSDT | −0.080% | +0.0014% | 8h | $17.5M | $27.8M | 75x | as long as short |
| KuCoin OPUSDTM | −0.041% | +0.0100% | 8h | $2.8M | $7.0M | 75x | as long as short |
| Bitget OPUSDT | −0.041% | +0.0100% | 8h | $5.8M | $6.2M | 75x | as long as short |
| Coinbase International OP-PERP-INTX | −0.041% | −0.0296% | 1h | $27K | $84K | 50x | as long as short |
| Gate OP_USDT | −0.033% | +0.0100% | 8h | $1.8M | $1.7M | 50x | as long as short |
| BloFin OP-USDT | −0.017% | −0.0006% | 8h | $1.1M | $579K | 75x | as long as short |
| Reya OPRUSDPERPlong | 0.000% | +0.0431% | 1h | $700 | — | 20x |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Backpack OP_USDC_PERP | +0.007% | +0.0100% | 1h | $130K | $174K | 10x | as long as short |
| MEXC OP_USDT | +0.023% | −0.0125% | 8h | $20.0M | $8.7M | 300x | as long as short |
| Binance OPUSDT | +0.043% | −0.0126% | 8h | $20.9M | $66.8M | 75x | as long as short |
| Extended OP-USD | +0.071% | −0.0128% | 1h | $101K | $214K | 25x | as long as short |
| Aster OPUSDT | +0.084% | +0.0100% | 8h | $209K | $454K | 10x | as long as short |
| SoDEX OP-USD | +0.087% | +0.0100% | 1h | $177 | $5K | 5x | as long as short |
| HTX OP-USDT | +0.087% | +0.0100% | 8h | $187K | $250K | 50x | as long as short |
| Hyperliquid OP | +0.094% | +0.0100% | 1h | $3.9M | $3.2M | 5x | as long as short |
| Aevo OP-PERP | +0.109% | +0.0048% | 1h | $4K | — | 3x | as long as short |
| gTrade (Gains Network) OP/USD | +0.118% | L +0.0005% / S −0.0004% | 1h | $1K | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.118% | −0.0078% | 8h | $6K | $53K | 10x | as long as short |
| Lighter OP | +0.158% | +0.0096% | 1h | $295K | $830K | 15x | as long as short |
| GMX OP/USD [OP-USDC] | +0.162% | L −0.1469% / S +0.0291% | 1h | $13K | — | 100x | as long as short |
| ApeX Omni OPUSDT | +0.198% | +0.0100% | 1h | $45K | $716K | 50x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.198% | 0.0000% | 1h | $47K | $200K | 25x | as long as short |
| Kraken Futures PF_OPUSD | +0.202% | +0.0243% | 1h | $777K | $657K | 20x | as long as short |
| Variational Omni OP | +0.502% | −0.0065% | 8h | $234K | $45K | — | as long as short |
| edgeX OPUSDC | +0.621% | +0.0100% | 4h | $9K | $378K | 10x | as long as short |
| Injective OP/USDC PERP | +1.390% | +0.0248% | 1h | $25K | $184K | 12x | as long as short |