After costs, if the gap returns to its 7d average, $10k−$115
spread now+0.090%7d average+0.098%fees + slippage, in and out−$114spread needed1.143%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate OP_USDT | 0.1254 | 0.0100 | pay 0.0100% / 8h | 20m 08s | $1.8M | $1.8M | 50x |
| Short | Kraken Futures PF_OPUSD | 0.1255 | 0.0244 | get 0.0030% / 1h | 20m 08s | $777K | $676K | 20x |
Gate OP_USDT
Kraken Futures PF_OPUSDPrice 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
- $8.95
- Funding while held
- $4.31
- Slippage, 4 orders
- −$89.35
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$101.09
- Spread needed to break even
- 1.143%
Slippage from Gate: live order book, 4 min ago; Kraken Futures: live order book, 30 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0144%
- Per $10,000 a day
- +$4.31
- 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 Gate live order book, 4 min ago | 6.38 bp | 26.2 bp −$26 | 64.1 bp −$641 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 30 min ago | 20.77 bp | 34.6 bp −$35 | 87.4 bp −$874 | doesn't fit | doesn't fit |
OP price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International0.1248cheapestedgeX0.1252+0.300%Variational Omni0.1252+0.324%BloFin0.1252+0.337%Reya0.1253+0.367%Extended0.1253+0.390%Orderly0.1253+0.401%dYdX0.1253+0.409%HTX0.1253+0.417%Aevo0.1253+0.417%Aster0.1254+0.450%GMX0.1254+0.454%Bybit0.1254+0.457%SoDEX0.1254+0.465%gTrade (Gains Network)0.1254+0.470%
Coinbase International
Variational Omni
BloFin
Reya
Extended
Orderly
dYdX
HTX
Aevo
Aster
GMX
Bybit
SoDEX
gTrade (Gains Network)Gate0.1254+0.481%
KuCoin0.1254+0.481%Deribit0.1254+0.481%OKX0.1255+0.537%Lighter0.1255+0.545%MEXC0.1255+0.545%Backpack0.1255+0.545%Bitget0.1255+0.561%BingX0.1255+0.561%
KuCoin
Deribit
OKX
Lighter
MEXC
Backpack
Bitget
BingXKraken Futures0.1255+0.571%
Binance0.1256+0.611%ApeX Omni0.1256+0.641%Hyperliquid0.1256+0.649%Injective0.1276+2.244%
Binance
ApeX Omni
Hyperliquid
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 | −0.478% | −0.0296% | 1h | $22K | $91K | 50x | as long as short |
| edgeX OPUSDC | −0.180% | +0.0100% | 4h | $9K | $379K | 10x | as long as short |
| Variational Omni OP | −0.156% | −0.0063% | 8h | $231K | $46K | — | as long as short |
| BloFin OP-USDT | −0.144% | +0.0010% | 8h | $1.0M | $580K | 75x | as long as short |
| Reya OPRUSDPERP | −0.113% | +0.0431% | 1h | $696 | — | 20x | as long as short |
| Extended OP-USD | −0.090% | −0.0104% | 1h | $100K | $213K | 25x | as long as short |
| Orderly PERP_OP_USDC | −0.080% | −0.0076% | 8h | $7K | $54K | 10x | as long as short |
| dYdX OP-USD | −0.072% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| HTX OP-USDT | −0.064% | +0.0100% | 8h | $180K | $277K | 50x | as long as short |
| Aevo OP-PERP | −0.063% | +0.0056% | 1h | $4K | — | 3x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster OPUSDT | −0.030% | +0.0100% | 8h | $212K | $468K | 10x | as long as short |
| GMX OP/USD [OP-USDC] | −0.026% | L −0.1440% / S +0.0291% | 1h | $13K | — | 100x | as long as short |
| Bybit OPUSDT | −0.024% | +0.0030% | 8h | $17.7M | $28.2M | 75x | as long as short |
| SoDEX OP-USD | −0.016% | +0.0100% | 1h | $187 | $5K | 5x | as long as short |
| gTrade (Gains Network) OP/USD | −0.011% | L +0.0004% / S −0.0004% | 1h | $1K | — | 150x | as long as short |
| Gate OP_USDTlong | 0.000% | +0.0100% | 8h | $1.8M | $1.8M | 50x | |
| KuCoin OPUSDTM | 0.000% | +0.0100% | 8h | $2.8M | $7.3M | 75x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.000% | 0.0000% | 1h | $47K | $200K | 25x | as long as short |
| OKX OP-USDT-SWAP | +0.056% | +0.0031% | 8h | $5.9M | $33.3M | 50x | as long as short |
| Lighter OP | +0.064% | +0.0096% | 1h | $294K | $836K | 15x | as long as short |
| MEXC OP_USDT | +0.064% | −0.0109% | 8h | $20.0M | $8.8M | 300x | as long as short |
| Backpack OP_USDC_PERP | +0.064% | +0.0100% | 1h | $132K | $180K | 10x | as long as short |
| Bitget OPUSDT | +0.080% | +0.0100% | 8h | $5.9M | $6.5M | 75x | as long as short |
| BingX OP-USDC | +0.080% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| Kraken Futures PF_OPUSDshort | +0.090% | +0.0244% | 1h | $777K | $676K | 20x | |
| Binance OPUSDT | +0.130% | −0.0108% | 8h | $20.8M | $69.4M | 75x | as long as short |
| ApeX Omni OPUSDT | +0.159% | +0.0100% | 1h | $45K | $714K | 50x | as long as short |
| Hyperliquid OP | +0.167% | +0.0100% | 1h | $3.9M | $3.3M | 5x | as long as short |
| Injective OP/USDC PERP | +1.754% | +0.0248% | 1h | $25K | $184K | 12x | as long as short |