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−$66
spread now+0.040%7d average+0.018%fees + slippage, in and out−$68spread needed0.685%
Long on BloFinShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin OP-USDT0.12420.0162pay 0.0162% / 8h6h 15m$1.0M$338K75x
ShortLighter OP0.12420.0096get 0.0012% / 1h15m 03s$267K$917K15x

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
$4.03
Funding while held
−$1.98
Slippage, 4 orders
−$56.45
Fee BloFin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$66.41
Spread needed to break even
0.685%
Slippage from BloFin: live order book, 3 min ago; Lighter: live order book, 17 min ago.

Cost of waiting

funding view
Funding /8h
−0.0066%
Per $10,000 a day
−$1.98
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, 3 min ago0.80 bp9.6 bp −$1018.0 bp −$18073.3 bp −$7,329doesn't fit
Sell Lighter live order book, 17 min ago5.62 bp26.2 bp −$2662.6 bp −$626doesn't fitdoesn't fit

OP price on every exchange

against the cheapest. Click to use as the short leg.
Coinbase International0.1237cheapestBybit0.1241+0.331%Gate0.1242+0.388%KuCoin0.1242+0.404%ApeX Omni0.1242+0.404%Orderly0.1242+0.404%SoDEX0.1242+0.404%
BloFin0.1242+0.404%
MEXC0.1242+0.412%Backpack0.1242+0.412%Extended0.1242+0.419%OKX0.1242+0.420%Reya0.1242+0.422%Aster0.1242+0.422%Variational Omni0.1242+0.425%BingX0.1242+0.428%Aevo0.1242+0.433%
Lighter0.1242+0.445%
Binance0.1243+0.450%HTX0.1243+0.453%GMX0.1243+0.458%Bitget0.1243+0.485%Deribit0.1243+0.485%gTrade (Gains Network)0.1243+0.495%Kraken Futures0.1244+0.563%Hyperliquid0.1244+0.566%dYdX0.1244+0.590%edgeX0.1244+0.592%Injective0.1276+3.153%

OP on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International OP-PERP-INTX−0.403%−0.0344%1h$21K$71K50xas long as short
Bybit OPUSDT−0.072%−0.0079%8h$17.5M$25.6M75xas long as short
Gate OP_USDT−0.016%+0.0036%8h$1.8M$1.5M50xas long as short
KuCoin OPUSDTM0.000%+0.0100%8h$2.9M$7.3M75xas long as short
ApeX Omni OPUSDT0.000%+0.0100%1h$45K$719K50xas long as short
Orderly PERP_OP_USDC0.000%−0.0060%8h$6K$54K10xas long as short
SoDEX OP-USD0.000%+0.0100%1h$186$6K5xas long as short
BloFin OP-USDTlong0.000%+0.0162%8h$1.0M$338K75x
MEXC OP_USDT+0.008%+0.0041%8h$20.0M$8.3M300xas long as short
Backpack OP_USDC_PERP+0.008%+0.0100%1h$127K$199K10xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended OP-USD+0.015%+0.0040%1h$99K$206K25xas long as short
OKX OP-USDT-SWAP+0.016%+0.0015%8h$5.8M$30.6M50xas long as short
Reya OPRUSDPERP+0.017%+0.0433%1h$691—20xas long as short
Aster OPUSDT+0.018%+0.0100%8h$201K$254K10xas long as short
Variational Omni OP+0.021%−0.0129%8h$227K$40K—as long as short
BingX OP-USDT+0.024%+0.0100%8h—$7.0M—as long as short
Aevo OP-PERP+0.029%+0.0088%1h$4K—3xas long as short
Lighter OPshort+0.040%+0.0096%1h$267K$917K15x
Binance OPUSDT+0.046%+0.0042%8h$20.2M$64.4M75xas long as short
HTX OP-USDT+0.048%+0.0100%8h$176K$265K50xas long as short
GMX OP/USD [OP-USDC]+0.054%L −0.1711% / S +0.0335%1h$13K—100xas long as short
Bitget OPUSDT+0.081%+0.0100%8h$5.8M$5.9M75xas long as short
Deribit OP_USDC-PERPETUAL+0.081%+0.0555%1h$44K$202K25xas long as short
gTrade (Gains Network) OP/USD+0.090%L +0.0004% / S −0.0004%1h——150xas long as short
Kraken Futures PF_OPUSD+0.158%+0.0616%1h$771K$674K20xas long as short
Hyperliquid OP+0.161%+0.0100%1h$3.9M$3.2M5xas long as short
dYdX OP-USD+0.185%0.0000%1h$38K$1010xas long as short
edgeX OPUSDC+0.187%+0.0100%4h$9K$382K10xas long as short
Injective OP/USDC PERP+2.738%+0.0033%1h$25K$134K12xas long as short