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)−0.119%
7d average−0.033%if it closes, per $10,000$12funding while held, a day−$6.77
Long on BingXShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX OP-USDC0.12440.0100pay 0.0100% / 8h6h 38m—$1.6M—
ShortVariational Omni OP0.1243−0.0126pay 0.0126% / 8h6h 38m$226K$45K—

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
−$11.91
Funding while held
−$6.77
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$28.68
Spread needed to break even
0.100%
Slippage unknown: BingX: live order book, 14 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0226%
Per $10,000 a day
−$6.77
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 BingX live order book, 14 min ago11.95 bp106.7 bp −$107845.9 bp −$8,4591145.0 bp −$114.5Kdoesn't fit
Sell Variational Omni RFQ quote, 2 min ago8.06 bpdoesn't fit24.2 bp −$242doesn't fitdoesn't fit

OP price on every exchange

against the cheapest. Click to use as the short leg.
Coinbase International0.1238cheapestdYdX0.1242+0.320%ApeX Omni0.1242+0.323%
Variational Omni0.1243+0.365%
Reya0.1243+0.372%Bybit0.1243+0.380%BloFin0.1243+0.380%edgeX0.1243+0.383%Gate0.1243+0.388%Aster0.1243+0.414%OKX0.1243+0.420%GMX0.1243+0.424%gTrade (Gains Network)0.1243+0.436%Extended0.1243+0.441%Binance0.1244+0.451%MEXC0.1244+0.468%SoDEX0.1244+0.477%KuCoin0.1244+0.485%Bitget0.1244+0.485%
BingX0.1244+0.485%
Aevo0.1244+0.485%Deribit0.1244+0.485%HTX0.1244+0.493%Lighter0.1244+0.517%Backpack0.1245+0.525%Orderly0.1245+0.565%Kraken Futures0.1245+0.571%Hyperliquid0.1245+0.574%Injective0.1276+3.069%

OP on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International OP-PERP-INTX−0.482%−0.0344%1h$21K$74K50xas long as short
dYdX OP-USD−0.164%0.0000%1h$38K$1010xas long as short
ApeX Omni OPUSDT−0.161%+0.0100%1h$45K$712K50xas long as short
Variational Omni OPshort−0.119%−0.0126%8h$226K$45K—
Reya OPRUSDPERP−0.112%+0.0432%1h$691—20xas long as short
Bybit OPUSDT−0.105%−0.0077%8h$17.7M$26.2M75xas long as short
BloFin OP-USDT−0.105%+0.0025%8h$1.0M$373K75xas long as short
edgeX OPUSDC−0.101%+0.0100%4h$9K$380K10xas long as short
Gate OP_USDT−0.096%+0.0100%8h$1.8M$1.4M50xas long as short
Aster OPUSDT−0.070%+0.0100%8h$206K$226K10xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
OKX OP-USDT-SWAP−0.064%+0.0010%8h$5.8M$31.8M50xas long as short
GMX OP/USD [OP-USDC]−0.060%L −0.1436% / S +0.0290%1h$13K—100xas long as short
gTrade (Gains Network) OP/USD−0.048%L +0.0004% / S −0.0004%1h——150xas long as short
Extended OP-USD−0.043%+0.0008%1h$99K$207K25xas long as short
Binance OPUSDT−0.033%+0.0006%8h$20.2M$65.8M75xas long as short
MEXC OP_USDT−0.016%+0.0006%8h$19.8M$8.2M300xas long as short
SoDEX OP-USD−0.008%+0.0100%1h$188$6K5xas long as short
KuCoin OPUSDTM0.000%+0.0100%8h$2.9M$7.3M75xas long as short
Bitget OPUSDT0.000%+0.0100%8h$5.9M$6.2M75xas long as short
BingX OP-USDClong0.000%+0.0100%8h—$1.6M—
Aevo OP-PERP0.000%+0.0080%1h$4K—3xas long as short
Deribit OP_USDC-PERPETUAL0.000%0.0000%1h$47K$200K25xas long as short
HTX OP-USDT+0.008%+0.0100%8h$177K$264K50xas long as short
Lighter OP+0.032%+0.0096%1h$266K$914K15xas long as short
Backpack OP_USDC_PERP+0.040%+0.0100%1h$132K$187K10xas long as short
Orderly PERP_OP_USDC+0.080%−0.0068%8h$6K$53K10xas long as short
Kraken Futures PF_OPUSD+0.086%+0.0616%1h$773K$671K20xas long as short
Hyperliquid OP+0.088%+0.0100%1h$3.9M$3.2M5xas long as short
Injective OP/USDC PERP+2.572%+0.0033%1h$25K$134K12xas long as short