Spread before costs (cost unknown: a leg has no order-book sample)−0.560%
7d average+0.045%if it closes, per $10,000$56funding while held, a day+$6.82
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni OP | 0.1250 | −0.0127 | get 0.0127% / 8h | 6h 41m | $231K | $42K | — |
| Short | Backpack OP_USDC_PERP | 0.1243 | 0.0100 | get 0.0013% / 1h | 41m 35s | $132K | $187K | 10x |
Variational Omni OP
Backpack OP_USDC_PERPPrice 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
- −$55.95
- Funding while held
- $6.82
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$59.13
- Spread needed to break even
- 0.100%
Slippage unknown: Variational Omni: RFQ quote, 64 min ago; Backpack: live order book, 63 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0227%
- Per $10,000 a day
- +$6.82
- 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 Variational Omni RFQ quote, 64 min ago | 3.97 bp | doesn't fit | 43.6 bp −$436 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 63 min ago | 1.97 bp | 12.0 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
OP price on every exchange
against the cheapest. Click to use as the short leg.Bybit0.1242cheapestAster0.1242+0.011%KuCoin0.1242+0.016%BingX0.1242+0.016%Coinbase International0.1242+0.016%OKX0.1242+0.032%Extended0.1243+0.065%SoDEX0.1243+0.072%HTX0.1243+0.089%MEXC0.1243+0.097%Bitget0.1243+0.097%
Bybit
Aster
KuCoin
BingX
Coinbase International
OKX
Extended
SoDEX
HTX
MEXC
BitgetBackpack0.1243+0.097%
Orderly0.1243+0.097%Deribit0.1243+0.097%Gate0.1243+0.105%Aevo0.1243+0.115%Binance0.1243+0.127%Reya0.1244+0.145%Lighter0.1244+0.161%dYdX0.1244+0.169%gTrade (Gains Network)0.1244+0.178%Kraken Futures0.1244+0.211%Hyperliquid0.1245+0.217%GMX0.1245+0.218%BloFin0.1246+0.354%edgeX0.1247+0.443%ApeX Omni0.1248+0.499%
Orderly
Deribit
Gate
Aevo
Binance
Reya
Lighter
dYdX
gTrade (Gains Network)
Kraken Futures
Hyperliquid
GMX
BloFin
ApeX OmniVariational Omni0.1250+0.660%
Injective0.1276+2.754%
InjectiveOP on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit OPUSDT | −0.656% | −0.0091% | 8h | $17.8M | $26.1M | 75x | as long as short |
| Aster OPUSDT | −0.645% | +0.0100% | 8h | $206K | $226K | 10x | as long as short |
| KuCoin OPUSDTM | −0.640% | +0.0100% | 8h | $2.9M | $7.3M | 75x | as long as short |
| BingX OP-USDC | −0.640% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| Coinbase International OP-PERP-INTX | −0.640% | −0.0344% | 1h | $21K | $74K | 50x | as long as short |
| OKX OP-USDT-SWAP | −0.624% | +0.0007% | 8h | $5.8M | $31.8M | 50x | as long as short |
| Extended OP-USD | −0.591% | +0.0008% | 1h | $100K | $207K | 25x | as long as short |
| SoDEX OP-USD | −0.584% | +0.0100% | 1h | $182 | $6K | 5x | as long as short |
| HTX OP-USDT | −0.568% | +0.0100% | 8h | $175K | $261K | 50x | as long as short |
| MEXC OP_USDT | −0.560% | +0.0005% | 8h | $19.7M | $8.2M | 300x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget OPUSDT | −0.560% | +0.0100% | 8h | $5.9M | $6.1M | 75x | as long as short |
| Backpack OP_USDC_PERPshort | −0.560% | +0.0100% | 1h | $132K | $187K | 10x | |
| Orderly PERP_OP_USDC | −0.560% | −0.0069% | 8h | $6K | $53K | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.560% | −0.0554% | 1h | $47K | $200K | 25x | as long as short |
| Gate OP_USDT | −0.552% | +0.0100% | 8h | $1.8M | $1.4M | 50x | as long as short |
| Aevo OP-PERP | −0.541% | +0.0080% | 1h | $4K | — | 3x | as long as short |
| Binance OPUSDT | −0.530% | +0.0005% | 8h | $20.3M | $65.8M | 75x | as long as short |
| Reya OPRUSDPERP | −0.512% | +0.0432% | 1h | $691 | — | 20x | as long as short |
| Lighter OP | −0.496% | +0.0096% | 1h | $289K | $891K | 15x | as long as short |
| dYdX OP-USD | −0.488% | 0.0000% | 1h | $38K | $10 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | −0.479% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| Kraken Futures PF_OPUSD | −0.446% | +0.0616% | 1h | $772K | $671K | 20x | as long as short |
| Hyperliquid OP | −0.440% | +0.0100% | 1h | $3.9M | $3.3M | 5x | as long as short |
| GMX OP/USD [OP-USDC] | −0.439% | L −0.1436% / S +0.0290% | 1h | $13K | — | 100x | as long as short |
| BloFin OP-USDT | −0.304% | +0.0023% | 8h | $1.0M | $573K | 75x | as long as short |
| edgeX OPUSDC | −0.216% | +0.0100% | 4h | $9K | $382K | 10x | as long as short |
| ApeX Omni OPUSDT | −0.160% | +0.0100% | 1h | $45K | $713K | 50x | as long as short |
| Variational Omni OPlong | 0.000% | −0.0127% | 8h | $231K | $42K | — | |
| Injective OP/USDC PERP | +2.081% | +0.0033% | 1h | $25K | $134K | 12x | as long as short |