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)−0.027%
7d average−0.076%if it closes, per $10,000$3funding while held, a day−$1.72
Long on BloFinShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin OP-USDT0.1274−0.0017get 0.0017% / 8h55m 05s$1.0M$584K75x
ShortVariational Omni OP0.1274−0.0075pay 0.0075% / 8h55m 05s$235K$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
−$2.73
Funding while held
−$1.72
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$16.45
Spread needed to break even
0.120%
Slippage unknown: BloFin: live order book, 4 min ago; Variational Omni: RFQ quote, 60 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0057%
Per $10,000 a day
−$1.72
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, 4 min ago5.49 bp13.6 bp −$1421.8 bp −$21840.8 bp −$4,077doesn't fit
Sell Variational Omni RFQ quote, 60 min ago7.79 bpdoesn't fit31.2 bp −$312doesn't fitdoesn't fit

OP price on every exchange

against the cheapest. Click to use as the short leg.
ApeX Omni0.1272cheapestCoinbase International0.1272cheapestedgeX0.1272+0.038%Bybit0.1273+0.086%
Variational Omni0.1274+0.138%
OKX0.1274+0.142%MEXC0.1274+0.157%Bitget0.1274+0.157%
BloFin0.1274+0.165%
Backpack0.1274+0.173%Reya0.1274+0.184%Aevo0.1274+0.195%SoDEX0.1275+0.204%Extended0.1275+0.221%Aster0.1275+0.230%Lighter0.1275+0.236%Gate0.1275+0.236%KuCoin0.1275+0.236%BingX0.1275+0.236%Orderly0.1275+0.236%Binance0.1275+0.238%GMX0.1276+0.293%Hyperliquid0.1276+0.299%HTX0.1276+0.299%Injective0.1276+0.314%Deribit0.1276+0.314%Kraken Futures0.1276+0.346%gTrade (Gains Network)0.1276+0.353%dYdX0.1277+0.376%

OP on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
ApeX Omni OPUSDT−0.165%+0.0100%1h$46K$714K50xas long as short
Coinbase International OP-PERP-INTX−0.165%−0.0296%1h$28K$84K50xas long as short
edgeX OPUSDC−0.127%+0.0100%4h$9K$377K10xas long as short
Bybit OPUSDT−0.078%+0.0011%8h$17.8M$27.4M75xas long as short
Variational Omni OPshort−0.027%−0.0075%8h$235K$45K—
OKX OP-USDT-SWAP−0.024%+0.0045%8h$6.1M$32.7M50xas long as short
MEXC OP_USDT−0.008%−0.0137%8h$20.2M$8.5M300xas long as short
Bitget OPUSDT−0.008%+0.0100%8h$5.9M$6.1M75xas long as short
BloFin OP-USDTlong0.000%−0.0017%8h$1.0M$584K75x
Backpack OP_USDC_PERP+0.008%+0.0100%1h$133K$166K10xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Reya OPRUSDPERP+0.019%+0.0431%1h$709—20xas long as short
Aevo OP-PERP+0.030%+0.0048%1h$4K—3xas long as short
SoDEX OP-USD+0.039%+0.0100%1h$174$5K5xas long as short
Extended OP-USD+0.055%−0.0136%1h$102K$214K25xas long as short
Aster OPUSDT+0.065%+0.0100%8h$201K$433K10xas long as short
Lighter OP+0.071%+0.0096%1h$299K$826K15xas long as short
Gate OP_USDT+0.071%+0.0100%8h$1.8M$1.6M50xas long as short
KuCoin OPUSDTM+0.071%+0.0100%8h$2.8M$6.9M75xas long as short
BingX OP-USDC+0.071%+0.0100%8h—$1.6M—as long as short
Orderly PERP_OP_USDC+0.071%−0.0082%8h$7K$53K10xas long as short
Binance OPUSDT+0.073%−0.0137%8h$20.9M$65.8M75xas long as short
GMX OP/USD [OP-USDC]+0.128%L −0.1469% / S +0.0291%1h$13K—100xas long as short
Hyperliquid OP+0.133%+0.0100%1h$4.1M$3.1M5xas long as short
HTX OP-USDT+0.133%+0.0100%8h$192K$247K50xas long as short
Injective OP/USDC PERP+0.149%+0.0248%1h$25K$184K12xas long as short
Deribit OP_USDC-PERPETUAL+0.149%0.0000%1h$49K$200K25xas long as short
Kraken Futures PF_OPUSD+0.180%+0.0240%1h$787K$660K20xas long as short
gTrade (Gains Network) OP/USD+0.188%L +0.0005% / S −0.0004%1h$1K—150xas long as short
dYdX OP-USD+0.211%0.0000%1h$39K$1010xas long as short