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

OP

all OP markets
SwapFunding view
Alert
After costs, if the gap returns to its 7d average, $10k−$397
spread now−2.359%7d average+0.118%fees + slippage, in and out−$149spread needed1.492%
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective OP/USDC PERP0.12970.0033pay 0.0004% / 1h52m 00s$25K$185K12x
ShortGate OP_USDT0.12660.0100get 0.0100% / 8h1h 52m$1.8M$1.7M50x

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
−$235.93
Funding while held
$2
Slippage, 4 orders
−$134.16
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$383.1
Spread needed to break even
1.492%
Slippage from Injective: live order book, 3 min ago; Gate: live order book, 2 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, 3 min ago35.17 bp58.6 bp −$59doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 2 min ago5.90 bp19.4 bp −$1957.8 bp −$578doesn't fitdoesn't fit

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
Coinbase International OP-PERP-INTX−2.621%−0.0328%1h$27K$85K50xas long as short
BloFin OP-USDT−2.483%−0.0028%8h$1.0M$574K75xas long as short
Bybit OPUSDT−2.444%+0.0016%8h$17.8M$27.1M75xas long as short
Aster OPUSDT−2.432%+0.0100%8h$199K$434K10xas long as short
Extended OP-USD−2.421%−0.0144%1h$101K$217K25xas long as short
OKX OP-USDT-SWAP−2.406%+0.0076%8h$6.0M$32.1M50xas long as short
Bitget OPUSDT−2.390%+0.0100%8h$5.9M$6.1M75xas long as short
Binance OPUSDT−2.367%−0.0148%8h$20.5M$64.6M75xas long as short
HTX OP-USDT−2.367%+0.0100%8h$188K$233K50xas long as short
Gate OP_USDTshort−2.359%+0.0100%8h$1.8M$1.7M50x
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Reya OPRUSDPERP−2.348%+0.0430%1h$70420xas long as short
MEXC OP_USDT−2.344%−0.0147%8h$19.6M$8.7M300xas long as short
KuCoin OPUSDTM−2.313%+0.0100%8h$2.9M$6.7M75xas long as short
Aevo OP-PERP−2.313%+0.0048%1h$4K3xas long as short
dYdX OP-USD−2.305%0.0000%1h$39K$1010xas long as short
Backpack OP_USDC_PERP−2.282%+0.0100%1h$131K$165K10xas long as short
SoDEX OP-USD−2.282%−0.0102%1h$163$5K5xas long as short
gTrade (Gains Network) OP/USD−2.270%L +0.0004% / S −0.0001%1h$2K150xas long as short
Hyperliquid OP−2.267%+0.0100%1h$4.0M$3.1M5xas long as short
GMX OP/USD [OP-USDC]−2.257%L −0.1208% / S +0.0249%1h$13K100xas long as short
BingX OP-USDC−2.236%+0.0100%8h$1.6Mas long as short
Orderly PERP_OP_USDC−2.236%−0.0072%8h$6K$53K10xas long as short
Lighter OP−2.159%+0.0096%1h$365K$740K15xas long as short
Deribit OP_USDC-PERPETUAL−2.159%0.0000%1h$48K$220K25xas long as short
Kraken Futures PF_OPUSD−2.116%+0.0143%1h$782K$662K20xas long as short
ApeX Omni OPUSDT−1.157%+0.0100%1h$46K$703K50xas long as short
edgeX OPUSDC−1.123%+0.0100%4h$4K$408K10xas long as short
Variational Omni OP−0.734%−0.0057%8h$235K$39Kas long as short
Injective OP/USDC PERPlong0.000%+0.0033%1h$25K$185K12x