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−$43
spread now+0.024%7d average−0.070%fees + slippage, in and out−$53spread needed0.525%
Long on BloFinShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin OP-USDT0.12350.0207pay 0.0207% / 8h5h 31m$981K$314K75x
ShortBybit OPUSDT0.12350.0032get 0.0032% / 8h5h 31m$18.1M$26.7M75x

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
$2.43
Funding while held
−$5.27
Slippage, 4 orders
−$29.55
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$55.39
Spread needed to break even
0.525%
Slippage from BloFin: live order book, 7 min ago; Bybit: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
−0.0176%
Per $10,000 a day
−$5.27
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 BloFin live order book, 7 min ago1.21 bp12.9 bp −$1326.0 bp −$26066.0 bp −$6,597doesn't fit
Sell Bybit live order book, 3 min ago0.41 bp10.6 bp −$1117.3 bp −$17394.8 bp −$9,484doesn't fit

OP price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.1230cheapestCoinbase International0.1233+0.244%edgeX0.1235+0.386%
BloFin0.1235+0.390%
ApeX Omni0.1235+0.407%Orderly0.1235+0.407%
Bybit0.1235+0.415%
OKX0.1235+0.447%Reya0.1236+0.448%HTX0.1236+0.480%KuCoin0.1236+0.488%BingX0.1236+0.488%Aevo0.1236+0.488%dYdX0.1236+0.492%gTrade (Gains Network)0.1236+0.493%Variational Omni0.1236+0.495%Backpack0.1236+0.496%SoDEX0.1236+0.496%Gate0.1236+0.504%MEXC0.1236+0.512%Binance0.1236+0.518%Extended0.1236+0.521%GMX0.1236+0.524%Lighter0.1236+0.528%Aster0.1237+0.529%Bitget0.1237+0.569%Deribit0.1237+0.569%Hyperliquid0.1237+0.577%Kraken Futures0.1237+0.605%

OP on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective OP/USDC PERP−0.389%−0.1842%1h$34K$86K12xas long as short
Coinbase International OP-PERP-INTX−0.146%−0.0336%1h$21K$69K50xas long as short
edgeX OPUSDC−0.004%+0.0100%4h$10K$379K10xas long as short
BloFin OP-USDTlong0.000%+0.0207%8h$981K$314K75x
ApeX Omni OPUSDT+0.016%+0.0100%1h$44K$719K50xas long as short
Orderly PERP_OP_USDC+0.016%−0.0043%8h$6K$54K10xas long as short
Bybit OPUSDTshort+0.024%+0.0032%8h$18.1M$26.7M75x
OKX OP-USDT-SWAP+0.057%+0.0022%8h$5.6M$30.4M50xas long as short
Reya OPRUSDPERP+0.058%+0.0433%1h$687—20xas long as short
HTX OP-USDT+0.089%+0.0100%8h$176K$260K50xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin OPUSDTM+0.097%+0.0100%8h$2.9M$7.4M75xas long as short
BingX OP-USDT+0.097%+0.0100%8h—$6.5M—as long as short
Aevo OP-PERP+0.097%+0.0104%1h$4K—3xas long as short
dYdX OP-USD+0.101%0.0000%1h$38K$1010xas long as short
gTrade (Gains Network) OP/USD+0.103%L +0.0004% / S −0.0004%1h——150xas long as short
Variational Omni OP+0.105%−0.0113%8h$224K$41K—as long as short
Backpack OP_USDC_PERP+0.105%+0.0100%1h$127K$199K10xas long as short
SoDEX OP-USD+0.105%+0.0100%1h$193$6K5xas long as short
Gate OP_USDT+0.113%+0.0050%8h$1.8M$1.5M50xas long as short
MEXC OP_USDT+0.121%+0.0088%8h$19.5M$7.4M300xas long as short
Binance OPUSDT+0.128%+0.0089%8h$19.6M$65.6M75xas long as short
Extended OP-USD+0.130%+0.0088%1h$99K$206K25xas long as short
GMX OP/USD [OP-USDC]+0.134%L −0.1162% / S +0.0245%1h$13K—100xas long as short
Lighter OP+0.138%+0.0096%1h$267K$907K15xas long as short
Aster OPUSDT+0.138%+0.0100%8h$212K$268K10xas long as short
Bitget OPUSDT+0.178%+0.0100%8h$6.0M$6.2M75xas long as short
Deribit OP_USDC-PERPETUAL+0.178%+0.0559%1h$43K$186K25xas long as short
Hyperliquid OP+0.186%+0.0100%1h$3.8M$3.1M5xas long as short
Kraken Futures PF_OPUSD+0.214%+0.0544%1h$768K$788K20xas long as short