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−$92
spread now+0.056%7d average+0.048%fees + slippage, in and out−$92spread needed0.924%
Long on GateShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate OP_USDT0.12420.0078pay 0.0078% / 8h5h 41m$1.8M$1.4M50x
ShortLighter OP0.12430.0096get 0.0012% / 1h41m 53s$267K$905K15x

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
$5.64
Funding while held
$0.54
Slippage, 4 orders
−$77.42
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Lighter: 0 bp × 2 orders
$0
Net
−$86.25
Spread needed to break even
0.924%
Slippage from Gate: live order book, 2 min ago; Lighter: live order book, 50 min ago.

Cost of waiting

funding view
Funding /8h
+0.0018%
Per $10,000 a day
+$0.54
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 Gate live order book, 2 min ago5.23 bp22.4 bp −$2260.4 bp −$604doesn't fitdoesn't fit
Sell Lighter live order book, 50 min ago5.62 bp26.2 bp −$2662.6 bp −$626doesn't fitdoesn't fit

OP price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.1237cheapestBybit0.1240+0.202%Coinbase International0.1240+0.243%Extended0.1240+0.251%BingX0.1240+0.251%Binance0.1240+0.262%OKX0.1240+0.267%MEXC0.1240+0.283%KuCoin0.1241+0.323%Bitget0.1241+0.323%BloFin0.1241+0.356%Reya0.1242+0.383%
Gate0.1242+0.404%
Orderly0.1242+0.404%Aevo0.1242+0.404%Backpack0.1242+0.412%SoDEX0.1242+0.420%Variational Omni0.1242+0.427%gTrade (Gains Network)0.1243+0.446%
Lighter0.1243+0.461%
GMX0.1243+0.461%Aster0.1243+0.469%Hyperliquid0.1243+0.469%ApeX Omni0.1243+0.485%Deribit0.1243+0.485%edgeX0.1243+0.519%Kraken Futures0.1244+0.531%HTX0.1244+0.534%dYdX0.1244+0.550%

OP on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective OP/USDC PERP−0.403%−0.1842%1h$34K$86K12xas long as short
Bybit OPUSDT−0.201%+0.0010%8h$18.1M$26.7M75xas long as short
Coinbase International OP-PERP-INTX−0.161%−0.0336%1h$21K$69K50xas long as short
Extended OP-USD−0.153%+0.0088%1h$100K$206K25xas long as short
BingX OP-USDT−0.153%+0.0100%8h—$6.5M—as long as short
Binance OPUSDT−0.142%+0.0086%8h$19.7M$65.7M75xas long as short
OKX OP-USDT-SWAP−0.137%+0.0023%8h$5.7M$30.7M50xas long as short
MEXC OP_USDT−0.121%+0.0084%8h$19.6M$7.4M300xas long as short
KuCoin OPUSDTM−0.081%+0.0100%8h$2.9M$7.4M75xas long as short
Bitget OPUSDT−0.081%+0.0100%8h$6.0M$6.2M75xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin OP-USDT−0.048%+0.0204%8h$978K$315K75xas long as short
Reya OPRUSDPERP−0.021%+0.0433%1h$690—20xas long as short
Gate OP_USDTlong0.000%+0.0078%8h$1.8M$1.4M50x
Orderly PERP_OP_USDC0.000%−0.0046%8h$6K$54K10xas long as short
Aevo OP-PERP0.000%+0.0104%1h$4K—3xas long as short
Backpack OP_USDC_PERP+0.008%+0.0100%1h$129K$200K10xas long as short
SoDEX OP-USD+0.016%+0.0100%1h$199$6K5xas long as short
Variational Omni OP+0.023%−0.0109%8h$225K$41K—as long as short
gTrade (Gains Network) OP/USD+0.042%L +0.0004% / S −0.0004%1h——150xas long as short
Lighter OPshort+0.056%+0.0096%1h$267K$905K15x
GMX OP/USD [OP-USDC]+0.056%L −0.1436% / S +0.0290%1h$13K—100xas long as short
Aster OPUSDT+0.064%+0.0100%8h$213K$268K10xas long as short
Hyperliquid OP+0.064%+0.0100%1h$3.8M$3.2M5xas long as short
ApeX Omni OPUSDT+0.081%+0.0100%1h$45K$718K50xas long as short
Deribit OP_USDC-PERPETUAL+0.081%0.0000%1h$43K$187K25xas long as short
edgeX OPUSDC+0.115%+0.0100%4h$9K$380K10xas long as short
Kraken Futures PF_OPUSD+0.127%+0.0542%1h$770K$785K20xas long as short
HTX OP-USDT+0.129%+0.0100%8h$177K$261K50xas long as short
dYdX OP-USD+0.145%0.0000%1h$38K$1010xas long as short