data as of
Settings8H · net · $10k
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Price arb /

OP

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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+$139
spread now+2.581%7d average−0.027%fees + slippage, in and out−$121spread needed1.214%
Long on BybitShort on Injective
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit OPUSDT0.1244−0.0080get 0.0080% / 8h6h 31m$17.8M$26.1M75x
ShortInjective OP/USDC PERP0.12760.0033get 0.0004% / 1h31m 39s$25K$134K12x

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
$258.06
Funding while held
$3.39
Slippage, 4 orders
−$110.36
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$140.07
Spread needed to break even
1.214%
Slippage from Bybit: live order book, 3 min ago; Injective: live order book, 9 min ago.

Cost of waiting

funding view
Funding /8h
+0.0113%
Per $10,000 a day
+$3.39
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 Bybit live order book, 3 min ago0.40 bp12.2 bp −$1228.9 bp −$289119.2 bp −$11.9Kdoesn't fit
Sell Injective live order book, 9 min ago36.31 bp36.3 bp −$36doesn't fitdoesn't fitdoesn't fit

OP price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni0.1242cheapest
Bybit0.1244+0.149%
Orderly0.1244+0.158%Coinbase International0.1244+0.158%OKX0.1244+0.166%Reya0.1244+0.182%SoDEX0.1245+0.230%KuCoin0.1245+0.238%Bitget0.1245+0.238%Deribit0.1245+0.238%Binance0.1245+0.241%Backpack0.1245+0.246%Extended0.1245+0.249%Gate0.1245+0.254%MEXC0.1245+0.254%HTX0.1245+0.262%gTrade (Gains Network)0.1245+0.263%GMX0.1246+0.279%Aster0.1246+0.288%Aevo0.1246+0.290%BingX0.1246+0.319%dYdX0.1246+0.325%Kraken Futures0.1246+0.327%BloFin0.1246+0.335%Lighter0.1246+0.351%Hyperliquid0.1246+0.359%edgeX0.1247+0.391%ApeX Omni0.1250+0.641%
Injective0.1276+2.734%

OP on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni OP−0.149%−0.0126%8h$227K$45K—as long as short
Bybit OPUSDTlong0.000%−0.0080%8h$17.8M$26.1M75x
Orderly PERP_OP_USDC+0.008%−0.0066%8h$6K$54K10xas long as short
Coinbase International OP-PERP-INTX+0.008%−0.0344%1h$21K$74K50xas long as short
OKX OP-USDT-SWAP+0.016%+0.0013%8h$5.8M$31.7M50xas long as short
Reya OPRUSDPERP+0.032%+0.0433%1h$692—20xas long as short
SoDEX OP-USD+0.080%+0.0100%1h$192$6K5xas long as short
KuCoin OPUSDTM+0.088%+0.0100%8h$2.9M$7.3M75xas long as short
Bitget OPUSDT+0.088%+0.0100%8h$5.9M$6.2M75xas long as short
Deribit OP_USDC-PERPETUAL+0.088%0.0000%1h$47K$200K25xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Binance OPUSDT+0.091%+0.0019%8h$20.1M$65.9M75xas long as short
Backpack OP_USDC_PERP+0.096%+0.0100%1h$132K$192K10xas long as short
Extended OP-USD+0.100%+0.0016%1h$100K$207K25xas long as short
Gate OP_USDT+0.105%+0.0100%8h$1.8M$1.4M50xas long as short
MEXC OP_USDT+0.105%+0.0017%8h$19.8M$8.3M300xas long as short
HTX OP-USDT+0.113%+0.0100%8h$176K$268K50xas long as short
gTrade (Gains Network) OP/USD+0.113%L +0.0004% / S −0.0004%1h——150xas long as short
GMX OP/USD [OP-USDC]+0.129%L −0.1711% / S +0.0335%1h$13K—100xas long as short
Aster OPUSDT+0.138%+0.0100%8h$206K$245K10xas long as short
Aevo OP-PERP+0.141%+0.0088%1h$4K—3xas long as short
BingX OP-USDC+0.169%+0.0100%8h—$1.6M—as long as short
dYdX OP-USD+0.175%0.0000%1h$38K$1010xas long as short
Kraken Futures PF_OPUSD+0.177%+0.0615%1h$774K$677K20xas long as short
BloFin OP-USDT+0.185%+0.0071%8h$1.0M$365K75xas long as short
Lighter OP+0.201%+0.0096%1h$267K$916K15xas long as short
Hyperliquid OP+0.209%+0.0100%1h$3.9M$3.2M5xas long as short
edgeX OPUSDC+0.241%+0.0100%4h$9K$381K10xas long as short
ApeX Omni OPUSDT+0.490%+0.0100%1h$45K$719K50xas long as short
Injective OP/USDC PERPshort+2.581%+0.0033%1h$25K$134K12x