data as of
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Price arb /

OP

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Spread before costs (cost unknown: a leg has no order-book sample)+0.089%
7d average−0.091%if it closes, per $10,000$9funding while held, a day−$6.38
Long on ApeX OmniShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni OPUSDT0.12350.0100pay 0.0013% / 1h32m 27s$44K$719K50x
ShortVariational Omni OP0.1236−0.0113pay 0.0113% / 8h5h 32m$224K$41K—

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
$8.85
Funding while held
−$6.38
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$7.53
Spread needed to break even
0.100%
Slippage unknown: ApeX Omni: live order book, 68 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0213%
Per $10,000 a day
−$6.38
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, 68 min ago12.09 bp20.6 bp −$21110.3 bp −$1,103doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 3 min ago8.10 bpdoesn't fit16.2 bp −$162doesn't fitdoesn't fit

OP price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.1230cheapestCoinbase International0.1233+0.244%Bybit0.1235+0.366%edgeX0.1235+0.386%Gate0.1235+0.390%BloFin0.1235+0.390%OKX0.1235+0.407%KuCoin0.1235+0.407%
ApeX Omni0.1235+0.407%
Deribit0.1235+0.407%Backpack0.1235+0.415%SoDEX0.1235+0.415%BingX0.1235+0.423%HTX0.1235+0.447%Reya0.1236+0.448%Extended0.1236+0.448%Aevo0.1236+0.451%Binance0.1236+0.463%MEXC0.1236+0.463%Lighter0.1236+0.472%Bitget0.1236+0.488%Orderly0.1236+0.488%dYdX0.1236+0.492%gTrade (Gains Network)0.1236+0.493%Aster0.1236+0.495%
Variational Omni0.1236+0.495%
Hyperliquid0.1236+0.512%GMX0.1236+0.524%Kraken Futures0.1237+0.540%

OP on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective OP/USDC PERP−0.405%−0.1842%1h$34K$86K12xas long as short
Coinbase International OP-PERP-INTX−0.162%−0.0336%1h$21K$69K50xas long as short
Bybit OPUSDT−0.040%+0.0025%8h$18.1M$26.7M75xas long as short
edgeX OPUSDC−0.020%+0.0100%4h$10K$379K10xas long as short
Gate OP_USDT−0.016%+0.0050%8h$1.8M$1.5M50xas long as short
BloFin OP-USDT−0.016%+0.0207%8h$981K$314K75xas long as short
OKX OP-USDT-SWAP0.000%+0.0020%8h$5.6M$30.4M50xas long as short
KuCoin OPUSDTM0.000%+0.0100%8h$2.9M$7.4M75xas long as short
ApeX Omni OPUSDTlong0.000%+0.0100%1h$44K$719K50x
Deribit OP_USDC-PERPETUAL0.000%0.0000%1h$43K$186K25xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Backpack OP_USDC_PERP+0.008%+0.0100%1h$127K$199K10xas long as short
SoDEX OP-USD+0.008%+0.0100%1h$195$6K5xas long as short
BingX OP-USDT+0.016%+0.0100%8h—$6.5M—as long as short
HTX OP-USDT+0.040%+0.0100%8h$176K$260K50xas long as short
Reya OPRUSDPERP+0.042%+0.0433%1h$687—20xas long as short
Extended OP-USD+0.042%+0.0088%1h$99K$206K25xas long as short
Aevo OP-PERP+0.045%+0.0104%1h$4K—3xas long as short
Binance OPUSDT+0.057%+0.0089%8h$19.6M$65.5M75xas long as short
MEXC OP_USDT+0.057%+0.0087%8h$19.5M$7.4M300xas long as short
Lighter OP+0.065%+0.0096%1h$267K$907K15xas long as short
Bitget OPUSDT+0.081%+0.0100%8h$6.0M$6.2M75xas long as short
Orderly PERP_OP_USDC+0.081%−0.0043%8h$6K$54K10xas long as short
dYdX OP-USD+0.085%0.0000%1h$38K$1010xas long as short
gTrade (Gains Network) OP/USD+0.087%L +0.0004% / S −0.0004%1h——150xas long as short
Aster OPUSDT+0.088%+0.0100%8h$212K$268K10xas long as short
Variational Omni OPshort+0.089%−0.0113%8h$224K$41K—
Hyperliquid OP+0.105%+0.0100%1h$3.8M$3.1M5xas long as short
GMX OP/USD [OP-USDC]+0.117%L −0.1162% / S +0.0245%1h$13K—100xas long as short
Kraken Futures PF_OPUSD+0.133%+0.0545%1h$767K$788K20xas long as short