data as of
Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Price arb /

OP

all OP markets
SwapFunding view
Alert
My alerts

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−$57
spread now−0.024%7d average−0.016%fees + slippage, in and out−$56spread needed0.561%
Long on ApeX OmniShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni OPUSDT0.12600.0100pay 0.0013% / 1h52m 46s$45K$714K50x
ShortLighter OP0.12600.0096get 0.0012% / 1h52m 46s$282K$827K15x

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
−$2.38
Funding while held
−$0.12
Slippage, 4 orders
−$46.13
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$58.63
Spread needed to break even
0.561%
Slippage from ApeX Omni: live order book, 57 min ago; Lighter: live order book, 49 min ago.

Cost of waiting

funding view
Funding /8h
−0.0004%
Per $10,000 a day
−$0.12
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, 57 min ago11.76 bp20.9 bp −$21126.2 bp −$1,262doesn't fitdoesn't fit
Sell Lighter live order book, 49 min ago4.73 bp8.3 bp −$847.0 bp −$470doesn't fitdoesn't fit

OP price on every exchange

against the cheapest. Click to use as the short leg.
Coinbase International0.1248cheapestBybit0.1256+0.657%OKX0.1257+0.713%MEXC0.1258+0.801%Binance0.1259+0.892%
Lighter0.1260+0.938%
dYdX0.1260+0.962%Bitget0.1260+0.962%
ApeX Omni0.1260+0.962%
Extended0.1260+0.996%edgeX0.1261+1.024%KuCoin0.1261+1.042%BingX0.1261+1.042%Gate0.1261+1.074%Aster0.1262+1.087%Hyperliquid0.1262+1.098%Orderly0.1262+1.122%Backpack0.1262+1.138%BloFin0.1262+1.146%SoDEX0.1263+1.162%Reya0.1263+1.163%gTrade (Gains Network)0.1263+1.167%GMX0.1263+1.169%Aevo0.1263+1.170%HTX0.1263+1.186%Deribit0.1263+1.202%Variational Omni0.1263+1.213%Kraken Futures0.1263+1.223%Injective0.1276+2.244%

OP on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International OP-PERP-INTX−0.952%−0.0304%1h$22K$90K50xas long as short
Bybit OPUSDT−0.302%−0.0335%8h$17.8M$28.0M75xas long as short
OKX OP-USDT-SWAP−0.246%+0.0038%8h$6.0M$33.2M50xas long as short
MEXC OP_USDT−0.159%−0.0059%8h$20.1M$8.7M300xas long as short
Binance OPUSDT−0.069%−0.0056%8h$20.9M$69.2M75xas long as short
Lighter OPshort−0.024%+0.0096%1h$282K$827K15x
dYdX OP-USD0.000%0.0000%1h$39K$1010xas long as short
Bitget OPUSDT0.000%+0.0100%8h$6.0M$6.5M75xas long as short
ApeX Omni OPUSDTlong0.000%+0.0100%1h$45K$714K50x
Extended OP-USD+0.034%−0.0056%1h$101K$212K25xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
edgeX OPUSDC+0.061%+0.0100%4h$8K$379K10xas long as short
KuCoin OPUSDTM+0.079%+0.0100%8h$2.9M$7.4M75xas long as short
BingX OP-USDC+0.079%+0.0100%8h—$1.6M—as long as short
Gate OP_USDT+0.111%+0.0100%8h$1.8M$1.6M50xas long as short
Aster OPUSDT+0.124%+0.0100%8h$214K$470K10xas long as short
Hyperliquid OP+0.135%+0.0100%1h$3.9M$3.3M5xas long as short
Orderly PERP_OP_USDC+0.159%−0.0077%8h$6K$54K10xas long as short
Backpack OP_USDC_PERP+0.175%+0.0100%1h$138K$181K10xas long as short
BloFin OP-USDT+0.183%+0.0061%8h$1.0M$582K75xas long as short
SoDEX OP-USD+0.198%+0.0100%1h$187$5K5xas long as short
Reya OPRUSDPERP+0.199%+0.0431%1h$702—20xas long as short
gTrade (Gains Network) OP/USD+0.203%L +0.0004% / S −0.0004%1h——150xas long as short
GMX OP/USD [OP-USDC]+0.206%L −0.1440% / S +0.0291%1h$13K—100xas long as short
Aevo OP-PERP+0.206%+0.0064%1h$4K—3xas long as short
HTX OP-USDT+0.222%+0.0100%8h$181K$275K50xas long as short
Deribit OP_USDC-PERPETUAL+0.238%0.0000%1h$47K$200K25xas long as short
Variational Omni OP+0.249%−0.0078%8h$232K$46K—as long as short
Kraken Futures PF_OPUSD+0.259%+0.0471%1h$783K$677K20xas long as short
Injective OP/USDC PERP+1.270%+0.0033%1h$25K$184K12xas long as short