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−$59
spread now−0.136%7d average−0.009%fees + slippage, in and out−$46spread needed0.457%
Long on HyperliquidShort on BloFin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid OP0.12460.0100pay 0.0013% / 1h37m 10s$3.9M$3.2M5x
ShortBloFin OP-USDT0.12450.0045get 0.0045% / 8h6h 37m$1.0M$364K75x

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
−$13.64
Funding while held
−$1.65
Slippage, 4 orders
−$24.74
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$61.03
Spread needed to break even
0.457%
Slippage from Hyperliquid: live order book, 6 min ago; BloFin: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
−0.0055%
Per $10,000 a day
−$1.65
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 Hyperliquid live order book, 6 min ago0.40 bp7.2 bp −$7doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 1 min ago1.21 bp13.8 bp −$1424.3 bp −$24370.6 bp −$7,055doesn't fit

OP price on every exchange

against the cheapest. Click to use as the short leg.
Coinbase International0.1238cheapestApeX Omni0.1241+0.242%edgeX0.1242+0.304%Variational Omni0.1243+0.365%Bybit0.1244+0.460%SoDEX0.1244+0.468%Gate0.1244+0.485%KuCoin0.1244+0.485%BingX0.1244+0.485%Backpack0.1244+0.485%HTX0.1244+0.493%Aster0.1244+0.505%Extended0.1244+0.514%OKX0.1244+0.517%
BloFin0.1245+0.525%
Binance0.1245+0.541%MEXC0.1245+0.557%Reya0.1245+0.560%gTrade (Gains Network)0.1245+0.564%Bitget0.1245+0.565%Orderly0.1245+0.565%Aevo0.1245+0.565%Deribit0.1245+0.565%dYdX0.1245+0.572%Lighter0.1245+0.598%GMX0.1245+0.603%
Hyperliquid0.1246+0.662%
Kraken Futures0.1246+0.672%Injective0.1276+3.069%

OP on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International OP-PERP-INTX−0.658%−0.0344%1h$21K$74K50xas long as short
ApeX Omni OPUSDT−0.417%+0.0100%1h$45K$720K50xas long as short
edgeX OPUSDC−0.356%+0.0100%4h$9K$380K10xas long as short
Variational Omni OP−0.295%−0.0126%8h$226K$45K—as long as short
Bybit OPUSDT−0.201%−0.0066%8h$17.7M$26.2M75xas long as short
SoDEX OP-USD−0.193%+0.0100%1h$188$6K5xas long as short
Gate OP_USDT−0.177%+0.0100%8h$1.8M$1.4M50xas long as short
KuCoin OPUSDTM−0.177%+0.0100%8h$2.9M$7.3M75xas long as short
BingX OP-USDC−0.177%+0.0100%8h—$1.6M—as long as short
Backpack OP_USDC_PERP−0.177%+0.0100%1h$132K$187K10xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX OP-USDT−0.169%+0.0100%8h$177K$264K50xas long as short
Aster OPUSDT−0.156%+0.0100%8h$206K$226K10xas long as short
Extended OP-USD−0.148%+0.0008%1h$99K$207K25xas long as short
OKX OP-USDT-SWAP−0.144%+0.0010%8h$5.8M$31.8M50xas long as short
BloFin OP-USDTshort−0.136%+0.0045%8h$1.0M$364K75x
Binance OPUSDT−0.120%+0.0011%8h$20.2M$65.7M75xas long as short
MEXC OP_USDT−0.104%+0.0008%8h$19.8M$8.2M300xas long as short
Reya OPRUSDPERP−0.102%+0.0432%1h$692—20xas long as short
gTrade (Gains Network) OP/USD−0.098%L +0.0004% / S −0.0004%1h——150xas long as short
Bitget OPUSDT−0.096%+0.0100%8h$6.0M$6.2M75xas long as short
Orderly PERP_OP_USDC−0.096%−0.0067%8h$6K$53K10xas long as short
Aevo OP-PERP−0.096%+0.0080%1h$4K—3xas long as short
Deribit OP_USDC-PERPETUAL−0.096%0.0000%1h$47K$200K25xas long as short
dYdX OP-USD−0.089%0.0000%1h$38K$1010xas long as short
Lighter OP−0.064%+0.0096%1h$267K$914K15xas long as short
GMX OP/USD [OP-USDC]−0.059%L −0.1436% / S +0.0290%1h$13K—100xas long as short
Hyperliquid OPlong0.000%+0.0100%1h$3.9M$3.2M5x
Kraken Futures PF_OPUSD+0.010%+0.0615%1h$773K$671K20xas long as short
Injective OP/USDC PERP+2.391%+0.0033%1h$25K$134K12xas long as short