After costs, if the gap returns to its 7d average, $10k−$35
spread now+0.703%7d average+0.045%fees + slippage, in and out−$100spread needed1.004%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni OPUSDT | 0.1262 | 0.0100 | pay 0.0013% / 1h | 42m 44s | $45K | $713K | 50x |
| Short | Kraken Futures PF_OPUSD | 0.1271 | 0.0468 | get 0.0059% / 1h | 42m 44s | $789K | $683K | 20x |
ApeX Omni OPUSDT
Kraken Futures PF_OPUSDPrice 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
- $70.29
- Funding while held
- $11.05
- Slippage, 4 orders
- −$80.39
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$19.05
- Spread needed to break even
- 1.004%
Slippage from ApeX Omni: live order book, 67 min ago; Kraken Futures: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0368%
- Per $10,000 a day
- +$11.05
- 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 ApeX Omni live order book, 67 min ago | 11.76 bp | 20.9 bp −$21 | 126.2 bp −$1,262 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 11.83 bp | 25.4 bp −$25 | 77.7 bp −$777 | doesn't fit | doesn't fit |
OP price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International0.1260cheapestVariational Omni0.1260+0.036%
Coinbase International
Variational OmniApeX Omni0.1262+0.159%
edgeX0.1263+0.257%SoDEX0.1269+0.730%Orderly0.1270+0.794%HTX0.1270+0.810%BloFin0.1270+0.810%Aevo0.1270+0.825%GMX0.1271+0.840%
SoDEX
Orderly
HTX
BloFin
Aevo
GMXKraken Futures0.1271+0.863%
gTrade (Gains Network)0.1271+0.871%KuCoin0.1271+0.873%Backpack0.1271+0.873%Deribit0.1271+0.873%Reya0.1271+0.879%Gate0.1271+0.881%Extended0.1271+0.885%BingX0.1271+0.889%Bybit0.1271+0.897%Aster0.1271+0.898%OKX0.1272+0.921%Binance0.1272+0.968%Lighter0.1273+1.000%MEXC0.1273+1.000%dYdX0.1273+1.030%Bitget0.1273+1.032%Hyperliquid0.1274+1.079%Injective0.1276+1.270%
gTrade (Gains Network)
KuCoin
Backpack
Deribit
Reya
Gate
Extended
BingX
Bybit
Aster
OKX
Binance
Lighter
MEXC
dYdX
Bitget
Hyperliquid
InjectiveOP on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International OP-PERP-INTX | −0.158% | −0.0304% | 1h | $22K | $91K | 50x | as long as short |
| Variational Omni OP | −0.122% | −0.0087% | 8h | $233K | $46K | — | as long as short |
| ApeX Omni OPUSDTlong | 0.000% | +0.0100% | 1h | $45K | $713K | 50x | |
| edgeX OPUSDC | +0.098% | +0.0100% | 4h | $8K | $381K | 10x | as long as short |
| SoDEX OP-USD | +0.571% | +0.0100% | 1h | $189 | $5K | 5x | as long as short |
| Orderly PERP_OP_USDC | +0.634% | −0.0075% | 8h | $7K | $54K | 10x | as long as short |
| HTX OP-USDT | +0.650% | +0.0100% | 8h | $182K | $271K | 50x | as long as short |
| BloFin OP-USDT | +0.650% | +0.0078% | 8h | $1.0M | $586K | 75x | as long as short |
| Aevo OP-PERP | +0.665% | +0.0072% | 1h | $4K | — | 3x | as long as short |
| GMX OP/USD [OP-USDC] | +0.681% | L −0.1440% / S +0.0291% | 1h | $13K | — | 100x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Kraken Futures PF_OPUSDshort | +0.703% | +0.0468% | 1h | $789K | $683K | 20x | |
| gTrade (Gains Network) OP/USD | +0.711% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| KuCoin OPUSDTM | +0.713% | +0.0100% | 8h | $2.9M | $7.4M | 75x | as long as short |
| Backpack OP_USDC_PERP | +0.713% | +0.0100% | 1h | $136K | $184K | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.713% | 0.0000% | 1h | $48K | $200K | 25x | as long as short |
| Reya OPRUSDPERP | +0.719% | +0.0432% | 1h | $707 | — | 20x | as long as short |
| Gate OP_USDT | +0.721% | +0.0100% | 8h | $1.8M | $1.6M | 50x | as long as short |
| Extended OP-USD | +0.725% | −0.0040% | 1h | $101K | $212K | 25x | as long as short |
| BingX OP-USDT | +0.729% | +0.0100% | 8h | — | $7.0M | — | as long as short |
| Bybit OPUSDT | +0.737% | −0.0054% | 8h | $18.0M | $28.0M | 75x | as long as short |
| Aster OPUSDT | +0.738% | +0.0100% | 8h | $215K | $470K | 10x | as long as short |
| OKX OP-USDT-SWAP | +0.761% | +0.0045% | 8h | $6.1M | $33.7M | 50x | as long as short |
| Binance OPUSDT | +0.808% | −0.0039% | 8h | $21.0M | $69.3M | 75x | as long as short |
| Lighter OP | +0.840% | +0.0096% | 1h | $302K | $846K | 15x | as long as short |
| MEXC OP_USDT | +0.840% | −0.0042% | 8h | $20.3M | $8.8M | 300x | as long as short |
| dYdX OP-USD | +0.870% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| Bitget OPUSDT | +0.872% | +0.0100% | 8h | $6.0M | $6.5M | 75x | as long as short |
| Hyperliquid OP | +0.919% | +0.0100% | 1h | $4.0M | $3.3M | 5x | as long as short |
| Injective OP/USDC PERP | +1.109% | +0.0033% | 1h | $25K | $184K | 12x | as long as short |