After costs, if the gap returns to its 7d average, $10k−$65
spread now+0.079%7d average−0.021%fees + slippage, in and out−$75spread needed0.752%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit OP_USDC-PERPETUAL | 0.1260 | −0.0543 | get 0.0068% / 1h | 39m 20s | $47K | $200K | 25x |
| Short | KuCoin OPUSDTM | 0.1261 | 0.0100 | get 0.0100% / 8h | 39m 20s | $2.8M | $7.0M | 75x |
Deribit OP_USDC-PERPETUAL
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
- $7.94
- Funding while held
- $19.29
- Slippage, 4 orders
- −$56.16
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$47.93
- Spread needed to break even
- 0.752%
Slippage from Deribit: live order book, 56 min ago; KuCoin: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0643%
- Per $10,000 a day
- +$19.29
- 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 Deribit live order book, 56 min ago | 7.82 bp | 11.3 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 7.87 bp | 31.4 bp −$31 | 76.2 bp −$762 | doesn't fit | doesn't fit |
OP price on every exchange
against the cheapest. Click to use as the short leg.Extended0.1258cheapestOKX0.1260+0.109%Bitget0.1260+0.133%Aevo0.1260+0.133%
Extended
OKX
Bitget
AevoDeribit0.1260+0.133%
Reya0.1260+0.139%Aster0.1260+0.143%MEXC0.1260+0.173%dYdX0.1261+0.203%Bybit0.1261+0.213%
Reya
Aster
MEXC
dYdX
BybitKuCoin0.1261+0.213%
Orderly0.1261+0.213%Gate0.1261+0.221%Hyperliquid0.1261+0.236%Binance0.1262+0.252%Lighter0.1262+0.292%BingX0.1262+0.300%gTrade (Gains Network)0.1263+0.366%Coinbase International0.1263+0.372%GMX0.1263+0.390%BloFin0.1264+0.475%Variational Omni0.1265+0.517%edgeX0.1266+0.636%Backpack0.1267+0.658%SoDEX0.1268+0.761%Kraken Futures0.1269+0.837%ApeX Omni0.1269+0.848%HTX0.1269+0.864%Injective0.1276+1.405%
Orderly
Gate
Hyperliquid
Binance
Lighter
BingX
gTrade (Gains Network)
Coinbase International
GMX
BloFin
Variational Omni
Backpack
SoDEX
Kraken Futures
ApeX Omni
HTX
InjectiveOP on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended OP-USD | −0.133% | −0.0128% | 1h | $101K | $214K | 25x | as long as short |
| OKX OP-USDT-SWAP | −0.024% | +0.0036% | 8h | $6.0M | $32.6M | 50x | as long as short |
| Bitget OPUSDT | 0.000% | +0.0100% | 8h | $5.9M | $6.2M | 75x | as long as short |
| Aevo OP-PERP | 0.000% | +0.0048% | 1h | $4K | — | 3x | as long as short |
| Deribit OP_USDC-PERPETUALlong | 0.000% | −0.0543% | 1h | $47K | $200K | 25x | |
| Reya OPRUSDPERP | +0.006% | +0.0431% | 1h | $701 | — | 20x | as long as short |
| Aster OPUSDT | +0.010% | +0.0100% | 8h | $199K | $454K | 10x | as long as short |
| MEXC OP_USDT | +0.040% | −0.0126% | 8h | $20.2M | $8.6M | 300x | as long as short |
| dYdX OP-USD | +0.069% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| Bybit OPUSDT | +0.079% | +0.0013% | 8h | $17.6M | $27.6M | 75x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin OPUSDTMshort | +0.079% | +0.0100% | 8h | $2.8M | $7.0M | 75x | |
| Orderly PERP_OP_USDC | +0.079% | −0.0078% | 8h | $6K | $53K | 10x | as long as short |
| Gate OP_USDT | +0.087% | +0.0100% | 8h | $1.8M | $1.7M | 50x | as long as short |
| Hyperliquid OP | +0.103% | +0.0100% | 1h | $3.9M | $3.2M | 5x | as long as short |
| Binance OPUSDT | +0.119% | −0.0125% | 8h | $21.0M | $66.6M | 75x | as long as short |
| Lighter OP | +0.159% | +0.0096% | 1h | $295K | $829K | 15x | as long as short |
| BingX OP-USDT | +0.167% | +0.0100% | 8h | — | $6.8M | — | as long as short |
| gTrade (Gains Network) OP/USD | +0.233% | L +0.0005% / S −0.0004% | 1h | $1K | — | 150x | as long as short |
| Coinbase International OP-PERP-INTX | +0.238% | −0.0296% | 1h | $27K | $85K | 50x | as long as short |
| GMX OP/USD [OP-USDC] | +0.256% | L −0.1469% / S +0.0291% | 1h | $13K | — | 100x | as long as short |
| BloFin OP-USDT | +0.341% | −0.0008% | 8h | $1.0M | $580K | 75x | as long as short |
| Variational Omni OP | +0.383% | −0.0065% | 8h | $234K | $45K | — | as long as short |
| edgeX OPUSDC | +0.502% | +0.0100% | 4h | $9K | $378K | 10x | as long as short |
| Backpack OP_USDC_PERP | +0.524% | +0.0100% | 1h | $131K | $170K | 10x | as long as short |
| SoDEX OP-USD | +0.627% | +0.0100% | 1h | $177 | $5K | 5x | as long as short |
| Kraken Futures PF_OPUSD | +0.703% | +0.0241% | 1h | $782K | $657K | 20x | as long as short |
| ApeX Omni OPUSDT | +0.714% | +0.0100% | 1h | $46K | $716K | 50x | as long as short |
| HTX OP-USDT | +0.730% | +0.0100% | 8h | $188K | $250K | 50x | as long as short |
| Injective OP/USDC PERP | +1.270% | +0.0248% | 1h | $25K | $184K | 12x | as long as short |