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−$139
spread now+0.536%7d average+0.153%fees + slippage, in and out−$177spread needed1.769%
Long on InjectiveShort on Aster
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective OP/USDC PERP0.12760.0033pay 0.0004% / 1h5m 28s$25K$238K12x
ShortAster OPUSDT0.12830.0100get 0.0100% / 8h1h 05m$202K$433K10x

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
$53.59
Funding while held
$2
Slippage, 4 orders
−$168.85
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Aster: 4 bp × 2 orders
−$8
Net
−$121.29
Spread needed to break even
1.769%
Slippage from Injective: live order book, 50 min ago; Aster: live order book, 48 min ago.

Cost of waiting

funding view
Funding /8h
+0.0067%
Per $10,000 a day
+$2.00
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, 50 min ago35.17 bp58.6 bp −$59doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 48 min ago6.74 bp56.4 bp −$56doesn't fitdoesn't fitdoesn't fit

OP price on every exchange

against the cheapest. Click to use as the short leg.
Coinbase International0.1271cheapest
Injective0.1276+0.393%
edgeX0.1279+0.646%Extended0.1282+0.865%Lighter0.1282+0.865%Reya0.1282+0.902%dYdX0.1283+0.913%Backpack0.1283+0.921%HTX0.1283+0.921%Bybit0.1283+0.928%
Aster0.1283+0.931%
OKX0.1283+0.944%KuCoin0.1283+0.944%Bitget0.1283+0.944%ApeX Omni0.1283+0.944%Variational Omni0.1283+0.953%MEXC0.1283+0.976%Binance0.1283+0.979%Aevo0.1284+0.990%gTrade (Gains Network)0.1284+0.994%Gate0.1284+0.999%Hyperliquid0.1284+1.023%BingX0.1284+1.023%Orderly0.1284+1.023%Deribit0.1284+1.023%SoDEX0.1284+1.031%GMX0.1284+1.035%BloFin0.1284+1.039%Kraken Futures0.1285+1.071%

OP on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International OP-PERP-INTX−0.392%−0.0328%1h$27K$84K50xas long as short
Injective OP/USDC PERPlong0.000%+0.0033%1h$25K$238K12x
edgeX OPUSDC+0.251%+0.0100%4h$10K$414K10xas long as short
Extended OP-USD+0.470%−0.0128%1h$102K$214K25xas long as short
Lighter OP+0.470%+0.0096%1h$301K$825K15xas long as short
Reya OPRUSDPERP+0.507%+0.0430%1h$713—20xas long as short
dYdX OP-USD+0.517%0.0000%1h$40K$1010xas long as short
Backpack OP_USDC_PERP+0.525%+0.0100%1h$133K$167K10xas long as short
HTX OP-USDT+0.525%+0.0100%8h$192K$244K50xas long as short
Bybit OPUSDT+0.533%+0.0013%8h$18.0M$27.4M75xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aster OPUSDTshort+0.536%+0.0100%8h$202K$433K10x
OKX OP-USDT-SWAP+0.549%+0.0062%8h$6.1M$32.8M50xas long as short
KuCoin OPUSDTM+0.549%+0.0100%8h$2.9M$6.9M75xas long as short
Bitget OPUSDT+0.549%+0.0100%8h$6.0M$6.1M75xas long as short
ApeX Omni OPUSDT+0.549%+0.0100%1h$46K$715K50xas long as short
Variational Omni OP+0.557%−0.0062%8h$237K$45K—as long as short
MEXC OP_USDT+0.580%−0.0130%8h$20.2M$8.9M300xas long as short
Binance OPUSDT+0.584%−0.0131%8h$21.0M$65.6M75xas long as short
Aevo OP-PERP+0.594%+0.0048%1h$4K—3xas long as short
gTrade (Gains Network) OP/USD+0.599%L +0.0005% / S −0.0004%1h$1K—150xas long as short
Gate OP_USDT+0.603%+0.0100%8h$1.8M$1.7M50xas long as short
Hyperliquid OP+0.627%+0.0100%1h$4.1M$3.1M5xas long as short
BingX OP-USDC+0.627%+0.0100%8h—$1.6M—as long as short
Orderly PERP_OP_USDC+0.627%−0.0081%8h$7K$53K10xas long as short
Deribit OP_USDC-PERPETUAL+0.627%0.0000%1h$48K$199K25xas long as short
SoDEX OP-USD+0.635%+0.0100%1h$178$5K5xas long as short
GMX OP/USD [OP-USDC]+0.639%L −0.1469% / S +0.0291%1h$13K—100xas long as short
BloFin OP-USDT+0.643%−0.0012%8h$1.0M$586K75xas long as short
Kraken Futures PF_OPUSD+0.675%+0.0141%1h$792K$660K20xas long as short