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−$73
spread now0.000%7d average−0.057%fees + slippage, in and out−$78spread needed0.782%
Long on BinanceShort on KuCoin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance OPUSDT0.1262−0.0048get 0.0048% / 8h7h 47m$20.9M$69.3M75x
ShortKuCoin OPUSDTM0.12620.0100get 0.0100% / 8h7h 47m$2.8M$7.4M75x

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
Funding while held
$4.44
Slippage, 4 orders
−$56.23
Fee Binance: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$73.79
Spread needed to break even
0.782%
Slippage from Binance: live order book, 12 min ago; KuCoin: live order book, 7 min ago.

Cost of waiting

funding view
Funding /8h
+0.0148%
Per $10,000 a day
+$4.44
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 Binance live order book, 12 min ago1.19 bp10.9 bp −$1119.9 bp −$199104.2 bp −$10.4Kdoesn't fit
Sell KuCoin live order book, 7 min ago3.97 bp26.0 bp −$2668.6 bp −$686doesn't fitdoesn't fit

OP price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni0.1259cheapestBybit0.1261+0.170%Extended0.1261+0.198%OKX0.1262+0.234%
Binance0.1262+0.250%
KuCoin0.1262+0.250%
Bitget0.1262+0.250%Reya0.1262+0.261%Gate0.1262+0.266%MEXC0.1262+0.274%Backpack0.1262+0.274%BloFin0.1262+0.274%HTX0.1262+0.281%Aevo0.1263+0.289%SoDEX0.1263+0.297%Aster0.1263+0.305%Lighter0.1263+0.329%BingX0.1263+0.329%Orderly0.1263+0.329%Deribit0.1263+0.329%Coinbase International0.1263+0.329%GMX0.1263+0.358%Hyperliquid0.1264+0.385%gTrade (Gains Network)0.1264+0.397%dYdX0.1264+0.401%ApeX Omni0.1264+0.409%edgeX0.1264+0.409%Kraken Futures0.1264+0.410%Injective0.1276+1.362%

OP on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni OP−0.249%−0.0086%8h$232K$46K—as long as short
Bybit OPUSDT−0.079%−0.0115%8h$17.8M$28.0M75xas long as short
Extended OP-USD−0.052%−0.0048%1h$101K$212K25xas long as short
OKX OP-USDT-SWAP−0.016%+0.0039%8h$6.0M$33.5M50xas long as short
Binance OPUSDTlong0.000%−0.0048%8h$20.9M$69.3M75x
KuCoin OPUSDTMshort0.000%+0.0100%8h$2.8M$7.4M75x
Bitget OPUSDT0.000%+0.0100%8h$6.0M$6.5M75xas long as short
Reya OPRUSDPERP+0.011%+0.0431%1h$702—20xas long as short
Gate OP_USDT+0.016%+0.0100%8h$1.8M$1.6M50xas long as short
MEXC OP_USDT+0.024%−0.0048%8h$20.2M$8.7M300xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Backpack OP_USDC_PERP+0.024%+0.0100%1h$137K$183K10xas long as short
BloFin OP-USDT+0.024%+0.0072%8h$1.0M$582K75xas long as short
HTX OP-USDT+0.032%+0.0100%8h$181K$271K50xas long as short
Aevo OP-PERP+0.040%+0.0072%1h$4K—3xas long as short
SoDEX OP-USD+0.048%+0.0100%1h$189$5K5xas long as short
Aster OPUSDT+0.055%+0.0100%8h$213K$470K10xas long as short
Lighter OP+0.079%+0.0096%1h$283K$829K15xas long as short
BingX OP-USDC+0.079%+0.0100%8h—$1.6M—as long as short
Orderly PERP_OP_USDC+0.079%−0.0076%8h$7K$54K10xas long as short
Deribit OP_USDC-PERPETUAL+0.079%0.0000%1h$47K$200K25xas long as short
Coinbase International OP-PERP-INTX+0.079%−0.0304%1h$22K$91K50xas long as short
GMX OP/USD [OP-USDC]+0.109%L −0.1440% / S +0.0291%1h$13K—100xas long as short
Hyperliquid OP+0.135%+0.0100%1h$3.9M$3.3M5xas long as short
gTrade (Gains Network) OP/USD+0.147%L +0.0004% / S −0.0004%1h——150xas long as short
dYdX OP-USD+0.151%0.0000%1h$39K$1010xas long as short
ApeX Omni OPUSDT+0.158%+0.0100%1h$45K$714K50xas long as short
edgeX OPUSDC+0.159%+0.0100%4h$8K$380K10xas long as short
Kraken Futures PF_OPUSD+0.160%+0.0471%1h$784K$683K20xas long as short
Injective OP/USDC PERP+1.109%+0.0033%1h$25K$184K12xas long as short