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

OP

all OP markets
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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−$117
spread now−0.009%7d average+0.053%fees + slippage, in and out−$111spread needed1.110%
Long on ExtendedShort on KuCoin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended OP-USD0.12310.0056pay 0.0007% / 1h4m 39s$99K$206K25x
ShortKuCoin OPUSDTM0.12310.0100get 0.0100% / 8h6h 04m$2.9M$7.2M75x

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
−$0.86
Funding while held
$1.32
Slippage, 4 orders
−$93.95
Fee Extended: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$110.5
Spread needed to break even
1.110%
Slippage from Extended: live order book, 34 min ago; KuCoin: live order book, 10 min ago.

Cost of waiting

funding view
Funding /8h
+0.0044%
Per $10,000 a day
+$1.32
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 Extended live order book, 34 min ago20.12 bp29.6 bp −$30139.1 bp −$1,391doesn't fitdoesn't fit
Sell KuCoin live order book, 10 min ago4.03 bp24.5 bp −$2465.3 bp −$653doesn't fitdoesn't fit

OP price on every exchange

against the cheapest. Click to use as the short leg.
Coinbase International0.1219cheapestInjective0.1226+0.574%Reya0.1228+0.758%gTrade (Gains Network)0.1229+0.829%GMX0.1230+0.867%Bybit0.1230+0.894%OKX0.1231+0.943%MEXC0.1231+0.943%Binance0.1231+0.976%
KuCoin0.1231+0.984%
Gate0.1231+0.993%
Extended0.1231+0.993%
dYdX0.1231+0.994%Aster0.1231+1.012%Lighter0.1231+1.025%Aevo0.1232+1.033%SoDEX0.1232+1.050%Bitget0.1232+1.066%BingX0.1232+1.066%Orderly0.1232+1.066%Deribit0.1232+1.066%BloFin0.1232+1.091%Hyperliquid0.1232+1.107%Backpack0.1234+1.198%HTX0.1235+1.288%Variational Omni0.1236+1.366%Kraken Futures0.1236+1.371%edgeX0.1238+1.567%ApeX Omni0.1239+1.641%

OP on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International OP-PERP-INTX−0.983%−0.0344%1h$21K$69K50xas long as short
Injective OP/USDC PERP−0.415%+0.0033%1h$34K$139K12xas long as short
Reya OPRUSDPERP−0.233%+0.0433%1h$683—20xas long as short
gTrade (Gains Network) OP/USD−0.163%L +0.0004% / S −0.0004%1h——150xas long as short
GMX OP/USD [OP-USDC]−0.125%L −0.1436% / S +0.0290%1h$13K—100xas long as short
Bybit OPUSDT−0.098%−0.0077%8h$17.8M$26.7M75xas long as short
OKX OP-USDT-SWAP−0.049%+0.0011%8h$5.7M$30.9M50xas long as short
MEXC OP_USDT−0.049%+0.0052%8h$19.5M$8.5M300xas long as short
Binance OPUSDT−0.017%+0.0051%8h$19.9M$66.8M75xas long as short
KuCoin OPUSDTMshort−0.009%+0.0100%8h$2.9M$7.2M75x
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate OP_USDT0.000%+0.0045%8h$1.8M$1.6M50xas long as short
Extended OP-USDlong0.000%+0.0056%1h$99K$206K25x
dYdX OP-USD0.000%0.0000%1h$38K$1010xas long as short
Aster OPUSDT+0.019%+0.0100%8h$200K$266K10xas long as short
Lighter OP+0.032%+0.0096%1h$264K$919K15xas long as short
Aevo OP-PERP+0.039%+0.0096%1h$4K—3xas long as short
SoDEX OP-USD+0.056%+0.0100%1h$193$6K5xas long as short
Bitget OPUSDT+0.073%+0.0100%8h$5.8M$6.4M75xas long as short
BingX OP-USDC+0.073%+0.0100%8h—$1.6M—as long as short
Orderly PERP_OP_USDC+0.073%−0.0057%8h$6K$54K10xas long as short
Deribit OP_USDC-PERPETUAL+0.073%0.0000%1h$43K$188K25xas long as short
BloFin OP-USDT+0.097%+0.0173%8h$1.0M$341K75xas long as short
Hyperliquid OP+0.113%+0.0100%1h$3.8M$3.2M5xas long as short
Backpack OP_USDC_PERP+0.203%+0.0100%1h$126K$200K10xas long as short
HTX OP-USDT+0.292%+0.0100%8h$174K$273K50xas long as short
Variational Omni OP+0.369%−0.0132%8h$226K$40K—as long as short
Kraken Futures PF_OPUSD+0.374%+0.0620%1h$779K$740K20xas long as short
edgeX OPUSDC+0.568%+0.0100%4h$9K$381K10xas long as short
ApeX Omni OPUSDT+0.641%+0.0100%1h$44K$718K50xas long as short