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

OP

all OP markets
SwapFunding view
Alert
Spread before costs (cost unknown: a leg has no order-book sample)+0.264%
7d averageif it closes, per $10,000$26funding while held, a day+$58.39
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective OP/USDC PERP0.1235−0.1842get 0.0230% / 1h39m 57s$34K$86K12x
ShortAevo OP-PERP0.12380.0104get 0.0013% / 1h39m 57s$4K3x

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
$26.4
Funding while held
$58.39
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Aevo: 8 bp × 2 orders
−$16
Net
$68.77
Spread needed to break even
0.160%
Slippage unknown: Injective: live order book, 60 min ago; Aevo: no order-book sample. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.1946%
Per $10,000 a day
+$58.39
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 Injective live order book, 60 min ago36.31 bp60.4 bp −$60doesn't fitdoesn't fitdoesn't fit
Sell Aevo no order-book sample
Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

OP price on every exchange

against the cheapest. Click to use as the short leg.

OP on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective OP/USDC PERPlong0.000%−0.1842%1h$34K$86K12x
Bybit OPUSDT+0.154%+0.0010%8h$18.1M$26.7M75xas long as short
OKX OP-USDT-SWAP+0.202%+0.0021%8h$5.6M$30.6M50xas long as short
BloFin OP-USDT+0.211%+0.0206%8h$978K$314K75xas long as short
Extended OP-USD+0.221%+0.0088%1h$99K$206K25xas long as short
MEXC OP_USDT+0.227%+0.0085%8h$19.5M$7.4M300xas long as short
Binance OPUSDT+0.235%+0.0086%8h$19.6M$65.7M75xas long as short
Backpack OP_USDC_PERP+0.235%+0.0100%1h$127K$200K10xas long as short
SoDEX OP-USD+0.235%+0.0100%1h$198$6K5xas long as short
KuCoin OPUSDTM+0.243%+0.0100%8h$2.9M$7.4M75xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget OPUSDT+0.243%+0.0100%8h$6.0M$6.2M75xas long as short
BingX OP-USDC+0.243%+0.0100%8h$1.6Mas long as short
Orderly PERP_OP_USDC+0.243%−0.0044%8h$6K$54K10xas long as short
Coinbase International OP-PERP-INTX+0.243%−0.0336%1h$21K$68K50xas long as short
HTX OP-USDT+0.251%+0.0100%8h$176K$261K50xas long as short
Reya OPRUSDPERP+0.256%+0.0433%1h$68820xas long as short
Gate OP_USDT+0.259%+0.0076%8h$1.8M$1.4M50xas long as short
Aevo OP-PERPshort+0.264%+0.0104%1h$4K3x
Lighter OP+0.275%+0.0096%1h$266K$905K15xas long as short
Aster OPUSDT+0.285%+0.0100%8h$212K$268K10xas long as short
gTrade (Gains Network) OP/USD+0.291%L +0.0004% / S −0.0004%1h150xas long as short
Variational Omni OP+0.316%−0.0112%8h$225K$41Kas long as short
GMX OP/USD [OP-USDC]+0.321%L −0.1436% / S +0.0290%1h$13K100xas long as short
Hyperliquid OP+0.324%+0.0100%1h$3.8M$3.2M5xas long as short
Deribit OP_USDC-PERPETUAL+0.324%0.0000%1h$43K$186K25xas long as short
dYdX OP-USD+0.326%0.0000%1h$38K$1010xas long as short
Kraken Futures PF_OPUSD+0.411%+0.0543%1h$767K$787K20xas long as short
ApeX Omni OPUSDT+0.567%+0.0100%1h$45K$719K50xas long as short
edgeX OPUSDC+0.611%+0.0100%4h$9K$377K10xas long as short