After costs, if the gap returns to its 7d average, $10k−$66
spread now+0.097%7d average+0.003%fees + slippage, in and out−$75spread needed0.750%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit OPUSDT | 0.1238 | −0.0100 | get 0.0100% / 8h | 6h 10m | $17.4M | $25.4M | 75x |
| Short | KuCoin OPUSDTM | 0.1239 | 0.0100 | get 0.0100% / 8h | 6h 10m | $2.9M | $7.2M | 75x |
Bybit OPUSDT
KuCoin OPUSDTMPrice 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
- $9.69
- Funding while held
- $6
- Slippage, 4 orders
- −$51.97
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$59.28
- Spread needed to break even
- 0.750%
Slippage from Bybit: live order book, 5 min ago; KuCoin: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0200%
- Per $10,000 a day
- +$6.00
- 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 Bybit live order book, 5 min ago | 0.40 bp | 10.0 bp −$10 | 24.9 bp −$249 | 78.1 bp −$7,808 | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 4.03 bp | 24.5 bp −$24 | 65.3 bp −$653 | doesn't fit | doesn't fit |
OP price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International0.1237cheapestBloFin0.1237+0.008%
Coinbase International
BloFinBybit0.1238+0.065%
Variational Omni0.1238+0.110%OKX0.1239+0.146%dYdX0.1239+0.154%
Variational Omni
OKX
dYdXKuCoin0.1239+0.162%
Orderly0.1239+0.162%Aster0.1239+0.172%Binance0.1239+0.174%BingX0.1239+0.178%Extended0.1240+0.206%Gate0.1240+0.218%Backpack0.1240+0.226%GMX0.1240+0.226%MEXC0.1240+0.234%Reya0.1240+0.236%Bitget0.1240+0.243%gTrade (Gains Network)0.1240+0.243%Deribit0.1240+0.243%Aevo0.1240+0.254%SoDEX0.1240+0.267%Lighter0.1240+0.275%HTX0.1241+0.323%Hyperliquid0.1241+0.331%Kraken Futures0.1242+0.385%ApeX Omni0.1242+0.404%edgeX0.1243+0.469%Injective0.1276+3.153%
Orderly
Aster
Binance
BingX
Extended
Gate
Backpack
GMX
MEXC
Reya
Bitget
gTrade (Gains Network)
Deribit
Aevo
SoDEX
Lighter
HTX
Hyperliquid
Kraken Futures
ApeX Omni
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 | −0.065% | −0.0344% | 1h | $21K | $69K | 50x | as long as short |
| BloFin OP-USDT | −0.057% | +0.0167% | 8h | $1.0M | $335K | 75x | as long as short |
| Bybit OPUSDTlong | 0.000% | −0.0100% | 8h | $17.4M | $25.4M | 75x | |
| Variational Omni OP | +0.045% | −0.0130% | 8h | $226K | $40K | — | as long as short |
| OKX OP-USDT-SWAP | +0.081% | +0.0017% | 8h | $5.8M | $30.4M | 50x | as long as short |
| dYdX OP-USD | +0.089% | 0.0000% | 1h | $38K | $10 | 10x | as long as short |
| KuCoin OPUSDTMshort | +0.097% | +0.0100% | 8h | $2.9M | $7.2M | 75x | |
| Orderly PERP_OP_USDC | +0.097% | −0.0058% | 8h | $6K | $54K | 10x | as long as short |
| Aster OPUSDT | +0.107% | +0.0100% | 8h | $200K | $255K | 10x | as long as short |
| Binance OPUSDT | +0.109% | +0.0047% | 8h | $20.2M | $64.2M | 75x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX OP-USDT | +0.113% | +0.0100% | 8h | — | $7.0M | — | as long as short |
| Extended OP-USD | +0.141% | +0.0048% | 1h | $99K | $206K | 25x | as long as short |
| Gate OP_USDT | +0.153% | +0.0022% | 8h | $1.8M | $1.5M | 50x | as long as short |
| Backpack OP_USDC_PERP | +0.162% | +0.0100% | 1h | $127K | $200K | 10x | as long as short |
| GMX OP/USD [OP-USDC] | +0.162% | L −0.1711% / S +0.0335% | 1h | $13K | — | 100x | as long as short |
| MEXC OP_USDT | +0.170% | +0.0046% | 8h | $20.0M | $8.4M | 300x | as long as short |
| Reya OPRUSDPERP | +0.171% | +0.0433% | 1h | $689 | — | 20x | as long as short |
| Bitget OPUSDT | +0.178% | +0.0100% | 8h | $5.8M | $5.9M | 75x | 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 | +0.178% | 0.0000% | 1h | $44K | $203K | 25x | as long as short |
| Aevo OP-PERP | +0.189% | +0.0096% | 1h | $4K | — | 3x | as long as short |
| SoDEX OP-USD | +0.202% | +0.0100% | 1h | $190 | $6K | 5x | as long as short |
| Lighter OP | +0.210% | +0.0096% | 1h | $266K | $917K | 15x | as long as short |
| HTX OP-USDT | +0.259% | +0.0100% | 8h | $176K | $261K | 50x | as long as short |
| Hyperliquid OP | +0.267% | +0.0100% | 1h | $3.9M | $3.2M | 5x | as long as short |
| Kraken Futures PF_OPUSD | +0.320% | +0.0617% | 1h | $770K | $672K | 20x | as long as short |
| ApeX Omni OPUSDT | +0.339% | +0.0100% | 1h | $45K | $718K | 50x | as long as short |
| edgeX OPUSDC | +0.404% | +0.0100% | 4h | $9K | $382K | 10x | as long as short |
| Injective OP/USDC PERP | +3.086% | +0.0033% | 1h | $25K | $134K | 12x | as long as short |