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

OP

all OP markets
SwapFunding view
Alert
My alerts

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−$55
spread now+0.110%7d average+0.001%fees + slippage, in and out−$66spread needed0.658%
Long on DeribitShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit OP_USDC-PERPETUAL0.12580get 0.0000% / 1h9m 08s$47K$200K25x
ShortBinance OPUSDT0.1259−0.0088pay 0.0088% / 8h9m 08s$20.9M$69.2M75x

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
$11.01
Funding while held
−$2.65
Slippage, 4 orders
−$48.81
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Binance: 5 bp × 2 orders
−$10
Net
−$57.46
Spread needed to break even
0.658%
Slippage from Deribit: live order book, 21 min ago; Binance: live order book, 5 min ago.

Cost of waiting

funding view
Funding /8h
−0.0088%
Per $10,000 a day
−$2.65
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 Deribit live order book, 21 min ago11.99 bp31.5 bp −$31doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 5 min ago0.40 bp9.0 bp −$919.0 bp −$19088.1 bp −$8,805doesn't fit

OP price on every exchange

against the cheapest. Click to use as the short leg.
Coinbase International0.1248cheapestVariational Omni0.1256+0.665%Reya0.1257+0.760%Bybit0.1258+0.777%Orderly0.1258+0.801%
Deribit0.1258+0.801%
Extended0.1258+0.813%Gate0.1258+0.825%Aevo0.1258+0.832%Aster0.1258+0.833%GMX0.1258+0.840%gTrade (Gains Network)0.1259+0.849%dYdX0.1259+0.853%OKX0.1259+0.857%BingX0.1259+0.873%edgeX0.1259+0.877%KuCoin0.1259+0.881%Bitget0.1259+0.881%Backpack0.1259+0.881%ApeX Omni0.1259+0.881%Lighter0.1259+0.889%SoDEX0.1259+0.889%MEXC0.1259+0.897%
Binance0.1259+0.912%
BloFin0.1260+0.938%Kraken Futures0.1260+0.964%HTX0.1260+0.970%Hyperliquid0.1260+0.978%Injective0.1276+2.244%

OP on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International OP-PERP-INTX−0.795%−0.0296%1h$22K$91K50xas long as short
Variational Omni OP−0.136%−0.0066%8h$231K$46K—as long as short
Reya OPRUSDPERP−0.041%+0.0431%1h$699—20xas long as short
Bybit OPUSDT−0.024%+0.0028%8h$17.8M$28.2M75xas long as short
Orderly PERP_OP_USDC0.000%−0.0077%8h$7K$54K10xas long as short
Deribit OP_USDC-PERPETUALlong0.000%0.0000%1h$47K$200K25x
Extended OP-USD+0.012%−0.0088%1h$101K$213K25xas long as short
Gate OP_USDT+0.024%+0.0100%8h$1.8M$1.8M50xas long as short
Aevo OP-PERP+0.030%+0.0056%1h$4K—3xas long as short
Aster OPUSDT+0.032%+0.0100%8h$212K$469K10xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
GMX OP/USD [OP-USDC]+0.038%L −0.1440% / S +0.0291%1h$13K—100xas long as short
gTrade (Gains Network) OP/USD+0.048%L +0.0004% / S −0.0004%1h$1K—150xas long as short
dYdX OP-USD+0.052%0.0000%1h$39K$1010xas long as short
OKX OP-USDT-SWAP+0.056%+0.0037%8h$6.0M$33.3M50xas long as short
BingX OP-USDT+0.072%+0.0100%8h—$7.0M—as long as short
edgeX OPUSDC+0.075%+0.0100%4h$10K$377K10xas long as short
KuCoin OPUSDTM+0.079%+0.0100%8h$2.8M$7.3M75xas long as short
Bitget OPUSDT+0.079%+0.0100%8h$5.9M$6.5M75xas long as short
Backpack OP_USDC_PERP+0.079%+0.0100%1h$133K$180K10xas long as short
ApeX Omni OPUSDT+0.079%+0.0100%1h$45K$714K50xas long as short
Lighter OP+0.087%+0.0096%1h$295K$836K15xas long as short
SoDEX OP-USD+0.087%+0.0100%1h$186$5K5xas long as short
MEXC OP_USDT+0.095%−0.0090%8h$20.0M$8.8M300xas long as short
Binance OPUSDTshort+0.110%−0.0088%8h$20.9M$69.2M75x
BloFin OP-USDT+0.135%+0.0032%8h$1.1M$584K75xas long as short
Kraken Futures PF_OPUSD+0.161%+0.0243%1h$781K$672K20xas long as short
HTX OP-USDT+0.167%+0.0100%8h$180K$277K50xas long as short
Hyperliquid OP+0.175%+0.0100%1h$3.9M$3.3M5xas long as short
Injective OP/USDC PERP+1.431%+0.0248%1h$25K$184K12xas long as short