Spread before costs (cost unknown: a leg has no order-book sample)+0.143%
7d average—if it closes, per $10,000$14funding while held, a day+$14.88
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni OP | 0.1272 | −0.0065 | get 0.0065% / 8h | 47m 24s | $235K | $45K | — |
| Short | Reya OPRUSDPERP | 0.1274 | 0.0431 | get 0.0054% / 1h | 47m 24s | $708 | — | 20x |
Variational Omni OP
Reya OPRUSDPERPPrice 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
- $14.28
- Funding while held
- $14.88
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $23.16
- Spread needed to break even
- 0.060%
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0496%
- Per $10,000 a day
- +$14.88
- 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 Variational Omni RFQ quote, 3 min ago | 7.84 bp | doesn't fit | 31.3 bp −$313 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
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.Extended0.1270cheapestdYdX0.1272+0.171%
Extended
dYdXVariational Omni0.1272+0.174%
Gate0.1272+0.182%Lighter0.1272+0.206%Aster0.1273+0.251%Binance0.1273+0.253%Bybit0.1273+0.261%MEXC0.1273+0.261%KuCoin0.1273+0.261%Bitget0.1273+0.261%
Gate
Lighter
Aster
Binance
Bybit
MEXC
KuCoin
BitgetReya0.1274+0.317%
OKX0.1274+0.324%BingX0.1274+0.356%GMX0.1274+0.370%edgeX0.1274+0.378%Backpack0.1275+0.379%gTrade (Gains Network)0.1275+0.401%SoDEX0.1275+0.403%ApeX Omni0.1275+0.419%Orderly0.1275+0.419%Deribit0.1275+0.419%Hyperliquid0.1275+0.434%Aevo0.1275+0.441%Injective0.1276+0.497%Coinbase International0.1276+0.497%Kraken Futures0.1276+0.513%HTX0.1277+0.537%BloFin0.1277+0.568%
OKX
BingX
GMX
Backpack
gTrade (Gains Network)
SoDEX
ApeX Omni
Orderly
Deribit
Hyperliquid
Aevo
Injective
Coinbase International
Kraken Futures
HTX
BloFinOP on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended OP-USD | −0.174% | −0.0128% | 1h | $102K | $214K | 25x | as long as short |
| dYdX OP-USD | −0.002% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| Variational Omni OPlong | 0.000% | −0.0065% | 8h | $235K | $45K | — | |
| Gate OP_USDT | +0.009% | +0.0100% | 8h | $1.8M | $1.7M | 50x | as long as short |
| Lighter OP | +0.032% | +0.0096% | 1h | $298K | $829K | 15x | as long as short |
| Aster OPUSDT | +0.077% | +0.0100% | 8h | $201K | $441K | 10x | as long as short |
| Binance OPUSDT | +0.079% | −0.0129% | 8h | $20.9M | $66.0M | 75x | as long as short |
| Bybit OPUSDT | +0.087% | +0.0016% | 8h | $17.9M | $27.4M | 75x | as long as short |
| MEXC OP_USDT | +0.087% | −0.0129% | 8h | $20.1M | $8.5M | 300x | as long as short |
| KuCoin OPUSDTM | +0.087% | +0.0100% | 8h | $2.8M | $6.9M | 75x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget OPUSDT | +0.087% | +0.0100% | 8h | $5.9M | $6.2M | 75x | as long as short |
| Reya OPRUSDPERPshort | +0.143% | +0.0431% | 1h | $708 | — | 20x | |
| OKX OP-USDT-SWAP | +0.150% | +0.0047% | 8h | $6.1M | $32.7M | 50x | as long as short |
| BingX OP-USDT | +0.182% | +0.0100% | 8h | — | $6.6M | — | as long as short |
| GMX OP/USD [OP-USDC] | +0.196% | L −0.1469% / S +0.0291% | 1h | $13K | — | 100x | as long as short |
| edgeX OPUSDC | +0.203% | +0.0100% | 4h | $9K | $379K | 10x | as long as short |
| Backpack OP_USDC_PERP | +0.205% | +0.0100% | 1h | $133K | $168K | 10x | as long as short |
| gTrade (Gains Network) OP/USD | +0.226% | L +0.0005% / S −0.0004% | 1h | $1K | — | 150x | as long as short |
| SoDEX OP-USD | +0.229% | +0.0100% | 1h | $177 | $5K | 5x | as long as short |
| ApeX Omni OPUSDT | +0.244% | +0.0100% | 1h | $46K | $714K | 50x | as long as short |
| Orderly PERP_OP_USDC | +0.244% | −0.0082% | 8h | $7K | $52K | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.244% | 0.0000% | 1h | $49K | $199K | 25x | as long as short |
| Hyperliquid OP | +0.260% | +0.0100% | 1h | $4.1M | $3.1M | 5x | as long as short |
| Aevo OP-PERP | +0.266% | +0.0048% | 1h | $4K | — | 3x | as long as short |
| Injective OP/USDC PERP | +0.323% | +0.0248% | 1h | $25K | $184K | 12x | as long as short |
| Coinbase International OP-PERP-INTX | +0.323% | −0.0296% | 1h | $28K | $86K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.338% | +0.0240% | 1h | $786K | $658K | 20x | as long as short |
| HTX OP-USDT | +0.362% | +0.0100% | 8h | $192K | $247K | 50x | as long as short |
| BloFin OP-USDT | +0.394% | −0.0009% | 8h | $1.1M | $585K | 75x | as long as short |