Spread before costs (cost unknown: a leg has no order-book sample)+0.065%
7d average—if it closes, per $10,000$6funding while held, a day−$4.71
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX OP-USD | 0.1236 | 0.0100 | pay 0.0013% / 1h | 7m 47s | $189 | $6K | 5x |
| Short | Orderly PERP_OP_USDC | 0.1237 | −0.0057 | pay 0.0057% / 8h | 6h 07m | $6K | $54K | 10x |
SoDEX OP-USD
Orderly PERP_OP_USDCPrice 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
- $6.47
- Funding while held
- −$4.71
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$12.24
- Spread needed to break even
- 0.140%
Slippage unknown: SoDEX: no order-book sample; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0157%
- Per $10,000 a day
- −$4.71
- 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 Orderly no order-book sample | — | — | — | — | — |
SoDEX and Orderly: 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.Gate0.1235cheapestExtended0.1235+0.022%Backpack0.1236+0.032%Aster0.1236+0.035%
Gate
Extended
Backpack
AsterSoDEX0.1236+0.081%
Reya0.1236+0.088%Aevo0.1236+0.091%GMX0.1237+0.108%gTrade (Gains Network)0.1237+0.144%
Reya
Aevo
GMX
gTrade (Gains Network)Orderly0.1237+0.146%
Deribit0.1237+0.146%Coinbase International0.1237+0.146%Bybit0.1237+0.170%edgeX0.1238+0.200%Hyperliquid0.1238+0.210%Kraken Futures0.1238+0.223%OKX0.1238+0.227%KuCoin0.1238+0.227%BingX0.1238+0.227%HTX0.1238+0.227%Variational Omni0.1238+0.255%MEXC0.1239+0.275%BloFin0.1239+0.275%Binance0.1239+0.291%Lighter0.1239+0.300%dYdX0.1239+0.308%Bitget0.1239+0.308%ApeX Omni0.1242+0.551%Injective0.1276+3.303%
Deribit
Coinbase International
Bybit
Hyperliquid
Kraken Futures
OKX
KuCoin
BingX
HTX
Variational Omni
MEXC
BloFin
Binance
Lighter
dYdX
Bitget
ApeX Omni
InjectiveOP on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate OP_USDT | −0.081% | +0.0035% | 8h | $1.8M | $1.5M | 50x | as long as short |
| Extended OP-USD | −0.059% | +0.0048% | 1h | $99K | $206K | 25x | as long as short |
| Backpack OP_USDC_PERP | −0.049% | +0.0100% | 1h | $126K | $200K | 10x | as long as short |
| Aster OPUSDT | −0.046% | +0.0100% | 8h | $199K | $255K | 10x | as long as short |
| SoDEX OP-USDlong | 0.000% | +0.0100% | 1h | $189 | $6K | 5x | |
| Reya OPRUSDPERP | +0.007% | +0.0433% | 1h | $687 | — | 20x | as long as short |
| Aevo OP-PERP | +0.011% | +0.0096% | 1h | $4K | — | 3x | as long as short |
| GMX OP/USD [OP-USDC] | +0.028% | L −0.1711% / S +0.0335% | 1h | $13K | — | 100x | as long as short |
| gTrade (Gains Network) OP/USD | +0.063% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| Orderly PERP_OP_USDCshort | +0.065% | −0.0057% | 8h | $6K | $54K | 10x |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit OP_USDC-PERPETUAL | +0.065% | 0.0000% | 1h | $43K | $203K | 25x | as long as short |
| Coinbase International OP-PERP-INTX | +0.065% | −0.0344% | 1h | $21K | $69K | 50x | as long as short |
| Bybit OPUSDT | +0.089% | −0.0100% | 8h | $17.4M | $25.4M | 75x | as long as short |
| edgeX OPUSDC | +0.119% | +0.0100% | 4h | $9K | $380K | 10x | as long as short |
| Hyperliquid OP | +0.129% | +0.0100% | 1h | $3.8M | $3.1M | 5x | as long as short |
| Kraken Futures PF_OPUSD | +0.142% | +0.0619% | 1h | $767K | $671K | 20x | as long as short |
| OKX OP-USDT-SWAP | +0.146% | +0.0009% | 8h | $5.7M | $30.4M | 50x | as long as short |
| KuCoin OPUSDTM | +0.146% | +0.0100% | 8h | $2.9M | $7.2M | 75x | as long as short |
| BingX OP-USDT | +0.146% | +0.0100% | 8h | — | $7.0M | — | as long as short |
| HTX OP-USDT | +0.146% | +0.0100% | 8h | $175K | $261K | 50x | as long as short |
| Variational Omni OP | +0.174% | −0.0130% | 8h | $226K | $40K | — | as long as short |
| MEXC OP_USDT | +0.194% | +0.0048% | 8h | $20.0M | $8.4M | 300x | as long as short |
| BloFin OP-USDT | +0.194% | +0.0169% | 8h | $1.0M | $335K | 75x | as long as short |
| Binance OPUSDT | +0.210% | +0.0051% | 8h | $20.2M | $64.1M | 75x | as long as short |
| Lighter OP | +0.218% | +0.0096% | 1h | $266K | $917K | 15x | as long as short |
| dYdX OP-USD | +0.227% | 0.0000% | 1h | $38K | $10 | 10x | as long as short |
| Bitget OPUSDT | +0.227% | +0.0100% | 8h | $5.8M | $5.9M | 75x | as long as short |
| ApeX Omni OPUSDT | +0.469% | +0.0100% | 1h | $45K | $718K | 50x | as long as short |
| Injective OP/USDC PERP | +3.220% | +0.0033% | 1h | $25K | $134K | 12x | as long as short |