data as of
Settings8H · net · $10k
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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−$62
spread now+0.008%7d average−0.020%fees + slippage, in and out−$64spread needed0.645%
Long on BackpackShort on Gate
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack OP_USDC_PERP0.12430.0100pay 0.0013% / 1h42m 12s$132K$187K10x
ShortGate OP_USDT0.12430.0100get 0.0100% / 8h6h 42m$1.8M$1.4M50x

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
$0.8
Funding while held
$0
Slippage, 4 orders
−$39.5
Fee Backpack: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$63.69
Spread needed to break even
0.645%
Slippage from Backpack: live order book, 62 min ago; Gate: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
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 Backpack live order book, 62 min ago1.97 bp11.8 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 2 min ago4.01 bp12.7 bp −$1361.7 bp −$617doesn't fitdoesn't fit

OP price on every exchange

against the cheapest. Click to use as the short leg.
Bybit0.1242cheapestKuCoin0.1242cheapestCoinbase International0.1242cheapestOKX0.1242+0.008%BingX0.1242+0.016%Extended0.1242+0.032%MEXC0.1242+0.032%Binance0.1242+0.040%SoDEX0.1243+0.056%Aster0.1243+0.062%HTX0.1243+0.072%Bitget0.1243+0.081%
Backpack0.1243+0.081%
Orderly0.1243+0.081%Deribit0.1243+0.081%dYdX0.1243+0.082%
Gate0.1243+0.089%
Aevo0.1243+0.099%Reya0.1244+0.129%Lighter0.1244+0.145%gTrade (Gains Network)0.1244+0.162%Hyperliquid0.1244+0.177%Kraken Futures0.1244+0.194%GMX0.1245+0.202%BloFin0.1246+0.338%edgeX0.1247+0.427%ApeX Omni0.1248+0.483%Variational Omni0.1250+0.644%Injective0.1276+2.738%

OP on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit OPUSDT−0.080%−0.0088%8h$17.8M$26.2M75xas long as short
KuCoin OPUSDTM−0.080%+0.0100%8h$2.9M$7.3M75xas long as short
Coinbase International OP-PERP-INTX−0.080%−0.0344%1h$21K$74K50xas long as short
OKX OP-USDT-SWAP−0.072%+0.0007%8h$5.8M$31.8M50xas long as short
BingX OP-USDT−0.064%+0.0100%8h—$6.8M—as long as short
Extended OP-USD−0.048%+0.0008%1h$100K$207K25xas long as short
MEXC OP_USDT−0.048%+0.0005%8h$19.7M$8.2M300xas long as short
Binance OPUSDT−0.040%+0.0006%8h$20.3M$65.8M75xas long as short
SoDEX OP-USD−0.024%+0.0100%1h$182$6K5xas long as short
Aster OPUSDT−0.019%+0.0100%8h$206K$226K10xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX OP-USDT−0.008%+0.0100%8h$175K$261K50xas long as short
Bitget OPUSDT0.000%+0.0100%8h$5.9M$6.1M75xas long as short
Backpack OP_USDC_PERPlong0.000%+0.0100%1h$132K$187K10x
Orderly PERP_OP_USDC0.000%−0.0069%8h$6K$53K10xas long as short
Deribit OP_USDC-PERPETUAL0.000%−0.0554%1h$47K$200K25xas long as short
dYdX OP-USD+0.001%0.0000%1h$38K$1010xas long as short
Gate OP_USDTshort+0.008%+0.0100%8h$1.8M$1.4M50x
Aevo OP-PERP+0.019%+0.0080%1h$4K—3xas long as short
Reya OPRUSDPERP+0.048%+0.0432%1h$691—20xas long as short
Lighter OP+0.064%+0.0096%1h$289K$891K15xas long as short
gTrade (Gains Network) OP/USD+0.081%L +0.0004% / S −0.0004%1h——150xas long as short
Hyperliquid OP+0.097%+0.0100%1h$3.9M$3.3M5xas long as short
Kraken Futures PF_OPUSD+0.114%+0.0616%1h$772K$671K20xas long as short
GMX OP/USD [OP-USDC]+0.121%L −0.1436% / S +0.0290%1h$13K—100xas long as short
BloFin OP-USDT+0.257%+0.0023%8h$1.0M$573K75xas long as short
edgeX OPUSDC+0.346%+0.0100%4h$9K$382K10xas long as short
ApeX Omni OPUSDT+0.402%+0.0100%1h$45K$713K50xas long as short
Variational Omni OP+0.563%−0.0127%8h$231K$42K—as long as short
Injective OP/USDC PERP+2.655%+0.0033%1h$25K$134K12xas long as short