After costs, if the gap returns to its 7d average, $10k−$104
spread now−0.063%7d average+0.091%fees + slippage, in and out−$89spread needed0.886%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget OPUSDT | 0.1264 | 0.0100 | pay 0.0100% / 8h | 7h 17m | $6.0M | $6.4M | 75x |
| Short | Kraken Futures PF_OPUSD | 0.1263 | 0.0471 | get 0.0059% / 1h | 17m 42s | $784K | $679K | 20x |
Bitget OPUSDT
Kraken Futures PF_OPUSDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$6.25
- Funding while held
- $11.14
- Slippage, 4 orders
- −$66.59
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$83.7
- Spread needed to break even
- 0.886%
Slippage from Bitget: live order book, 2 min ago; Kraken Futures: live order book, 27 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0371%
- Per $10,000 a day
- +$11.14
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bitget live order book, 2 min ago | 3.97 bp | 13.2 bp −$13 | 28.7 bp −$287 | 108.1 bp −$10.8K | doesn't fit |
| Sell Kraken Futures live order book, 27 min ago | 11.83 bp | 25.4 bp −$25 | 77.7 bp −$777 | doesn't fit | doesn't fit |
OP price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International0.1257cheapestBloFin0.1259+0.167%Reya0.1261+0.285%SoDEX0.1261+0.294%Orderly0.1261+0.318%Variational Omni0.1261+0.358%Backpack0.1262+0.358%Aevo0.1262+0.358%gTrade (Gains Network)0.1262+0.378%Deribit0.1262+0.398%GMX0.1262+0.408%HTX0.1262+0.414%Bybit0.1263+0.469%ApeX Omni0.1263+0.477%Gate0.1263+0.493%
Coinbase International
BloFin
Reya
SoDEX
Orderly
Variational Omni
Backpack
Aevo
gTrade (Gains Network)
Deribit
GMX
HTX
Bybit
ApeX Omni
GateKraken Futures0.1263+0.494%
Extended0.1263+0.508%OKX0.1263+0.517%Binance0.1264+0.525%Aster0.1264+0.552%KuCoin0.1264+0.557%
Extended
OKX
Binance
Aster
KuCoinBitget0.1264+0.557%
MEXC0.1264+0.573%Lighter0.1265+0.597%dYdX0.1265+0.636%BingX0.1265+0.636%Hyperliquid0.1266+0.692%edgeX0.1267+0.804%Injective0.1276+1.512%
MEXC
Lighter
dYdX
BingX
Hyperliquid
InjectiveOP on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International OP-PERP-INTX | −0.554% | −0.0304% | 1h | $22K | $85K | 50x | as long as short |
| BloFin OP-USDT | −0.388% | +0.0101% | 8h | $1.0M | $580K | 75x | as long as short |
| Reya OPRUSDPERP | −0.270% | +0.0432% | 1h | $701 | — | 20x | as long as short |
| SoDEX OP-USD | −0.261% | +0.0100% | 1h | $182 | $6K | 5x | as long as short |
| Orderly PERP_OP_USDC | −0.237% | −0.0074% | 8h | $6K | $53K | 10x | as long as short |
| Variational Omni OP | −0.198% | −0.0122% | 8h | $233K | $43K | — | as long as short |
| Backpack OP_USDC_PERP | −0.198% | +0.0100% | 1h | $134K | $189K | 10x | as long as short |
| Aevo OP-PERP | −0.198% | +0.0072% | 1h | $4K | — | 3x | as long as short |
| gTrade (Gains Network) OP/USD | −0.178% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.158% | 0.0000% | 1h | $47K | $200K | 25x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| GMX OP/USD [OP-USDC] | −0.148% | L −0.1162% / S +0.0245% | 1h | $13K | — | 100x | as long as short |
| HTX OP-USDT | −0.142% | +0.0100% | 8h | $180K | $269K | 50x | as long as short |
| Bybit OPUSDT | −0.087% | −0.0340% | 8h | $17.9M | $27.4M | 75x | as long as short |
| ApeX Omni OPUSDT | −0.079% | +0.0100% | 1h | $45K | $713K | 50x | as long as short |
| Gate OP_USDT | −0.063% | +0.0100% | 8h | $1.8M | $1.6M | 50x | as long as short |
| Kraken Futures PF_OPUSDshort | −0.063% | +0.0471% | 1h | $784K | $679K | 20x | |
| Extended OP-USD | −0.049% | −0.0016% | 1h | $101K | $208K | 25x | as long as short |
| OKX OP-USDT-SWAP | −0.040% | +0.0027% | 8h | $6.0M | $33.1M | 50x | as long as short |
| Binance OPUSDT | −0.032% | −0.0017% | 8h | $20.7M | $68.6M | 75x | as long as short |
| Aster OPUSDT | −0.005% | +0.0100% | 8h | $213K | $465K | 10x | as long as short |
| KuCoin OPUSDTM | 0.000% | +0.0100% | 8h | $2.9M | $7.4M | 75x | as long as short |
| Bitget OPUSDTlong | 0.000% | +0.0100% | 8h | $6.0M | $6.4M | 75x | |
| MEXC OP_USDT | +0.016% | −0.0019% | 8h | $20.1M | $8.8M | 300x | as long as short |
| Lighter OP | +0.040% | +0.0096% | 1h | $283K | $900K | 15x | as long as short |
| dYdX OP-USD | +0.079% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| BingX OP-USDC | +0.079% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| Hyperliquid OP | +0.134% | +0.0100% | 1h | $3.9M | $3.3M | 5x | as long as short |
| edgeX OPUSDC | +0.246% | +0.0100% | 4h | $9K | $378K | 10x | as long as short |
| Injective OP/USDC PERP | +0.949% | +0.0033% | 1h | $25K | $184K | 12x | as long as short |