data as of
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Price arb /

OP

all OP markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$82
spread now−0.161%7d average−0.037%fees + slippage, in and out−$69spread needed0.693%
Long on ApeX OmniShort on Deribit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni OPUSDT0.12460.0100pay 0.0013% / 1h19m 09s$45K$719K50x
ShortDeribit OP_USDC-PERPETUAL0.12440.0555get 0.0069% / 1h19m 09s$44K$202K25x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$16.05
Funding while held
$13.65
Slippage, 4 orders
−$52.28
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$71.68
Spread needed to break even
0.693%
Slippage from ApeX Omni: live order book, 21 min ago; Deribit: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
+0.0455%
Per $10,000 a day
+$13.65
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 21 min ago12.09 bp20.6 bp −$21110.3 bp −$1,103doesn't fitdoesn't fit
Sell Deribit live order book, 1 min ago4.02 bp7.5 bp −$8doesn't fitdoesn't fitdoesn't fit

OP price on every exchange

against the cheapest. Click to use as the short leg.
Coinbase International0.1237cheapestBybit0.1242+0.380%BingX0.1242+0.404%dYdX0.1242+0.412%Variational Omni0.1243+0.449%OKX0.1243+0.485%Gate0.1243+0.485%MEXC0.1243+0.485%KuCoin0.1243+0.485%Backpack0.1243+0.485%Reya0.1243+0.498%SoDEX0.1243+0.501%Extended0.1243+0.515%Binance0.1243+0.518%Aevo0.1244+0.525%BloFin0.1244+0.525%GMX0.1244+0.530%Lighter0.1244+0.542%gTrade (Gains Network)0.1244+0.542%Aster0.1244+0.554%Bitget0.1244+0.566%Orderly0.1244+0.566%
Deribit0.1244+0.566%
Hyperliquid0.1244+0.574%HTX0.1244+0.598%Kraken Futures0.1245+0.635%edgeX0.1245+0.642%
ApeX Omni0.1246+0.728%
Injective0.1276+3.153%

OP on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International OP-PERP-INTX−0.722%−0.0344%1h$21K$71K50xas long as short
Bybit OPUSDT−0.345%−0.0088%8h$17.6M$25.8M75xas long as short
BingX OP-USDC−0.321%+0.0100%8h—$1.6M—as long as short
dYdX OP-USD−0.313%0.0000%1h$38K$1010xas long as short
Variational Omni OP−0.276%−0.0130%8h$226K$45K—as long as short
OKX OP-USDT-SWAP−0.241%+0.0017%8h$5.8M$30.9M50xas long as short
Gate OP_USDT−0.241%+0.0026%8h$1.8M$1.5M50xas long as short
MEXC OP_USDT−0.241%+0.0036%8h$20.0M$8.3M300xas long as short
KuCoin OPUSDTM−0.241%+0.0100%8h$2.9M$7.3M75xas long as short
Backpack OP_USDC_PERP−0.241%+0.0100%1h$127K$199K10xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Reya OPRUSDPERP−0.227%+0.0433%1h$691—20xas long as short
SoDEX OP-USD−0.225%+0.0100%1h$191$6K5xas long as short
Extended OP-USD−0.211%+0.0040%1h$99K$206K25xas long as short
Binance OPUSDT−0.208%+0.0037%8h$20.3M$64.8M75xas long as short
Aevo OP-PERP−0.201%+0.0088%1h$4K—3xas long as short
BloFin OP-USDT−0.201%+0.0150%8h$1.0M$340K75xas long as short
GMX OP/USD [OP-USDC]−0.197%L −0.1711% / S +0.0335%1h$13K—100xas long as short
Lighter OP−0.185%+0.0096%1h$266K$916K15xas long as short
gTrade (Gains Network) OP/USD−0.185%L +0.0004% / S −0.0004%1h——150xas long as short
Aster OPUSDT−0.173%+0.0100%8h$202K$259K10xas long as short
Bitget OPUSDT−0.161%+0.0100%8h$5.9M$6.0M75xas long as short
Orderly PERP_OP_USDC−0.161%−0.0062%8h$6K$54K10xas long as short
Deribit OP_USDC-PERPETUALshort−0.161%+0.0555%1h$44K$202K25x
Hyperliquid OP−0.152%+0.0100%1h$3.9M$3.1M5xas long as short
HTX OP-USDT−0.128%+0.0100%8h$176K$265K50xas long as short
Kraken Futures PF_OPUSD−0.092%+0.0616%1h$772K$676K20xas long as short
edgeX OPUSDC−0.085%+0.0100%4h$9K$381K10xas long as short
ApeX Omni OPUSDTlong0.000%+0.0100%1h$45K$719K50x
Injective OP/USDC PERP+2.408%+0.0033%1h$25K$134K12xas long as short