Spread before costs (cost unknown: a leg has no order-book sample)−0.253%
7d average—if it closes, per $10,000$25funding while held, a day−$12.12
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX OP-USD | 0.1266 | 0.0100 | pay 0.0013% / 1h | 47m 35s | $189 | $5K | 5x |
| Short | Coinbase International OP-PERP-INTX | 0.1263 | −0.0304 | pay 0.0038% / 1h | 47m 35s | $22K | $91K | 50x |
SoDEX OP-USD
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
- −$25.27
- Funding while held
- −$12.12
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$55.39
- Spread needed to break even
- 0.180%
Slippage unknown: SoDEX: no order-book sample; Coinbase International: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0404%
- Per $10,000 a day
- −$12.12
- 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
SoDEX 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.Variational Omni0.1259cheapestBybit0.1261+0.154%Extended0.1261+0.173%BingX0.1262+0.250%Binance0.1262+0.266%OKX0.1262+0.266%BloFin0.1263+0.297%Bitget0.1263+0.329%
Variational Omni
Bybit
Extended
BingX
Binance
OKX
BloFin
BitgetCoinbase International0.1263+0.329%
MEXC0.1263+0.337%Gate0.1263+0.353%dYdX0.1264+0.401%ApeX Omni0.1264+0.409%edgeX0.1264+0.409%Lighter0.1265+0.448%Aster0.1265+0.485%KuCoin0.1265+0.488%Aevo0.1266+0.555%Hyperliquid0.1266+0.559%Orderly0.1266+0.567%
MEXC
Gate
dYdX
ApeX Omni
Lighter
Aster
KuCoin
Aevo
Hyperliquid
OrderlySoDEX0.1266+0.583%
Reya0.1267+0.638%Backpack0.1267+0.647%Deribit0.1267+0.647%HTX0.1267+0.671%gTrade (Gains Network)0.1268+0.687%GMX0.1268+0.717%Kraken Futures0.1268+0.717%Injective0.1276+1.362%
Reya
Backpack
Deribit
HTX
gTrade (Gains Network)
GMX
Kraken Futures
InjectiveOP on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni OP | −0.580% | −0.0086% | 8h | $232K | $46K | — | as long as short |
| Bybit OPUSDT | −0.426% | −0.0115% | 8h | $17.8M | $28.0M | 75x | as long as short |
| Extended OP-USD | −0.408% | −0.0048% | 1h | $101K | $212K | 25x | as long as short |
| BingX OP-USDC | −0.332% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| Binance OPUSDT | −0.316% | −0.0048% | 8h | $20.9M | $69.2M | 75x | as long as short |
| OKX OP-USDT-SWAP | −0.316% | +0.0039% | 8h | $6.0M | $33.4M | 50x | as long as short |
| BloFin OP-USDT | −0.284% | +0.0069% | 8h | $1.0M | $582K | 75x | as long as short |
| Bitget OPUSDT | −0.253% | +0.0100% | 8h | $6.0M | $6.5M | 75x | as long as short |
| Coinbase International OP-PERP-INTXshort | −0.253% | −0.0304% | 1h | $22K | $91K | 50x | |
| MEXC OP_USDT | −0.245% | −0.0048% | 8h | $20.2M | $8.7M | 300x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate OP_USDT | −0.229% | +0.0100% | 8h | $1.8M | $1.6M | 50x | as long as short |
| dYdX OP-USD | −0.182% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| ApeX Omni OPUSDT | −0.174% | +0.0100% | 1h | $45K | $714K | 50x | as long as short |
| edgeX OPUSDC | −0.173% | +0.0100% | 4h | $8K | $380K | 10x | as long as short |
| Lighter OP | −0.134% | +0.0096% | 1h | $283K | $829K | 15x | as long as short |
| Aster OPUSDT | −0.098% | +0.0100% | 8h | $214K | $470K | 10x | as long as short |
| KuCoin OPUSDTM | −0.095% | +0.0100% | 8h | $2.8M | $7.4M | 75x | as long as short |
| Aevo OP-PERP | −0.028% | +0.0072% | 1h | $4K | — | 3x | as long as short |
| Hyperliquid OP | −0.024% | +0.0100% | 1h | $3.9M | $3.3M | 5x | as long as short |
| Orderly PERP_OP_USDC | −0.016% | −0.0076% | 8h | $6K | $54K | 10x | as long as short |
| SoDEX OP-USDlong | 0.000% | +0.0100% | 1h | $189 | $5K | 5x | |
| Reya OPRUSDPERP | +0.054% | +0.0431% | 1h | $704 | — | 20x | as long as short |
| Backpack OP_USDC_PERP | +0.063% | +0.0100% | 1h | $138K | $183K | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.063% | 0.0000% | 1h | $47K | $200K | 25x | as long as short |
| HTX OP-USDT | +0.087% | +0.0100% | 8h | $182K | $271K | 50x | as long as short |
| gTrade (Gains Network) OP/USD | +0.103% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| GMX OP/USD [OP-USDC] | +0.133% | L −0.1440% / S +0.0291% | 1h | $13K | — | 100x | as long as short |
| Kraken Futures PF_OPUSD | +0.133% | +0.0470% | 1h | $787K | $683K | 20x | as long as short |
| Injective OP/USDC PERP | +0.774% | +0.0033% | 1h | $25K | $184K | 12x | as long as short |