After costs, if the gap returns to its 7d average, $10k−$108
spread now+0.179%7d average+0.104%fees + slippage, in and out−$115spread needed1.155%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX S-USDT-SWAP | 0.03903 | −0.0058 | get 0.0029% / 4h | 1h 07m | $975K | $11.9M | 20x |
| Short | Backpack S_USDC_PERP | 0.03910 | 0.0100 | get 0.0013% / 1h | 7m 05s | $117K | $254K | 5x |
Price 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
- $17.93
- Funding while held
- $4.75
- Slippage, 4 orders
- −$95.48
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$92.8
- Spread needed to break even
- 1.155%
Slippage from OKX: live order book, 3 min ago; Backpack: live order book, 28 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0158%
- Per $10,000 a day
- +$4.75
- 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 OKX live order book, 3 min ago | 1.28 bp | 29.5 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 28 min ago | 12.97 bp | 18.6 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
S price on every exchange
against the cheapest. Click to use as the short leg.S on 25 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International S-PERP-INTX | −1.973% | −0.1824% | 1h | $47K | $9K | 25x | as long as short |
| Variational Omni S | −0.700% | −0.1430% | 4h | $603K | $117K | — | as long as short |
| Bybit SUSDT | −0.128% | +0.0100% | 4h | $5.6M | $9.0M | 50x | as long as short |
| KuCoin SUSDTM | −0.128% | +0.0100% | 4h | $1.8M | $3.7M | 50x | as long as short |
| Gate S_USDT | −0.102% | +0.0100% | 4h | $319K | $371K | 50x | as long as short |
| 01 Exchange SUSD | −0.077% | −0.0064% | 1h | $24K | $3K | 5x | as long as short |
| ApeX Omni SUSDT | −0.077% | +0.0100% | 1h | $25K | $493K | 50x | as long as short |
| Extended S-USD | −0.067% | +0.0104% | 1h | $219K | $943K | 10x | as long as short |
| Reya SRUSDPERP | −0.061% | −0.0101% | 1h | $4 | — | 15x | as long as short |
| BingX S-USDT | −0.051% | +0.0100% | 4h | — | $7.0M | — | as long as short |
Show all 25 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hyperliquid S | −0.044% | +0.0030% | 1h | $995K | $1.3M | 5x | as long as short |
| MEXC S_USDT | −0.026% | +0.0100% | 4h | $3.5M | $3.4M | 200x | as long as short |
| Kraken Futures PF_SUSD | −0.017% | −0.2303% | 1h | $33K | $41K | 10x | as long as short |
| OKX S-USDT-SWAPlong | 0.000% | −0.0058% | 4h | $975K | $11.9M | 20x | |
| Orderly PERP_S_USDC | 0.000% | −0.0093% | 4h | $103K | $320K | 10x | as long as short |
| BloFin S-USDT | 0.000% | +0.0340% | 4h | $274K | $262K | 75x | as long as short |
| Binance SUSDT | +0.003% | +0.0100% | 4h | $5.3M | $37.5M | 75x | as long as short |
| Aster SUSDT | +0.010% | −0.0209% | 4h | $42K | $258K | 10x | as long as short |
| gTrade (Gains Network) S/USD | +0.076% | L +0.0001% / S +0.0006% | 1h | $602 | — | 150x | as long as short |
| Lighter S | +0.077% | +0.0096% | 1h | $164K | $305K | 5x | as long as short |
| GMX S/USD [WBTC.b-USDC] | +0.079% | L −0.0173% / S +0.0169% | 1h | $1K | — | 100x | as long as short |
| Bitget SUSDT | +0.102% | +0.0100% | 4h | $1.2M | $4.5M | 50x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.154% | +0.0774% | 1h | $66K | $10K | 10x | as long as short |
| Backpack S_USDC_PERPshort | +0.179% | +0.0100% | 1h | $117K | $254K | 5x | |
| Injective S/USDC PERP | +5.047% | +0.0033% | 1h | $2K | $88K | 12x | as long as short |
OKX S-USDT-SWAP
Backpack S_USDC_PERP
Coinbase International
Variational Omni
Bybit
KuCoin
Gate
ApeX Omni
Extended
BingX
Hyperliquid
MEXC
Kraken Futures
BloFin
Binance
Aster
gTrade (Gains Network)
Lighter
GMX
Bitget
Deribit
Injective