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−$154
spread now+0.220%7d average+0.184%fees + slippage, in and out−$157spread needed1.573%
Long on InjectiveShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective OP/USDC PERP0.1232−0.1842get 0.0230% / 1h25m 22s$34K$86K12x
ShortKraken Futures PF_OPUSD0.12350.0546get 0.0068% / 1h25m 22s$766K$789K20x

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
$21.97
Funding while held
$71.64
Slippage, 4 orders
−$147.24
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$63.65
Spread needed to break even
1.573%
Slippage from Injective: live order book, 75 min ago; Kraken Futures: live order book, 9 min ago.

Cost of waiting

funding view
Funding /8h
+0.2388%
Per $10,000 a day
+$71.64
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, 75 min ago36.31 bp60.4 bp −$60doesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures live order book, 9 min ago15.75 bp35.4 bp −$35158.7 bp −$1,587doesn't fitdoesn't fit

OP price on every exchange

against the cheapest. Click to use as the short leg.
Gate0.1231cheapestBybit0.1231+0.008%Orderly0.1231+0.033%Aevo0.1231+0.037%Extended0.1231+0.046%Binance0.1231+0.072%OKX0.1231+0.073%Reya0.1232+0.086%MEXC0.1232+0.089%GMX0.1232+0.091%dYdX0.1232+0.109%KuCoin0.1232+0.114%Bitget0.1232+0.114%BingX0.1232+0.114%
Injective0.1232+0.114%
Coinbase International0.1232+0.114%gTrade (Gains Network)0.1232+0.127%Backpack0.1232+0.138%Hyperliquid0.1232+0.146%SoDEX0.1233+0.171%Lighter0.1233+0.179%Aster0.1233+0.184%Deribit0.1233+0.195%
Kraken Futures0.1235+0.334%
Variational Omni0.1235+0.342%HTX0.1235+0.349%BloFin0.1235+0.398%edgeX0.1238+0.589%ApeX Omni0.1238+0.601%

OP on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate OP_USDT−0.114%+0.0012%8h$1.8M$1.5M50xas long as short
Bybit OPUSDT−0.106%+0.0047%8h$18.1M$26.7M75xas long as short
Orderly PERP_OP_USDC−0.081%−0.0040%8h$6K$53K10xas long as short
Aevo OP-PERP−0.077%+0.0104%1h$4K—3xas long as short
Extended OP-USD−0.068%+0.0096%1h$99K$206K25xas long as short
Binance OPUSDT−0.042%+0.0095%8h$19.5M$65.4M75xas long as short
OKX OP-USDT-SWAP−0.041%+0.0027%8h$5.6M$30.2M50xas long as short
Reya OPRUSDPERP−0.028%+0.0433%1h$685—20xas long as short
MEXC OP_USDT−0.024%+0.0097%8h$19.4M$7.4M300xas long as short
GMX OP/USD [OP-USDC]−0.023%L −0.1162% / S +0.0245%1h$13K—100xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
dYdX OP-USD−0.005%0.0000%1h$38K$1010xas long as short
KuCoin OPUSDTM0.000%+0.0100%8h$2.9M$7.4M75xas long as short
Bitget OPUSDT0.000%+0.0100%8h$6.0M$6.2M75xas long as short
BingX OP-USDC0.000%+0.0100%8h—$1.6M—as long as short
Injective OP/USDC PERPlong0.000%−0.1842%1h$34K$86K12x
Coinbase International OP-PERP-INTX0.000%−0.0336%1h$21K$69K50xas long as short
gTrade (Gains Network) OP/USD+0.013%L +0.0004% / S −0.0004%1h——150xas long as short
Backpack OP_USDC_PERP+0.024%+0.0100%1h$126K$198K10xas long as short
Hyperliquid OP+0.032%+0.0100%1h$3.8M$3.1M5xas long as short
SoDEX OP-USD+0.057%+0.0100%1h$193$6K5xas long as short
Lighter OP+0.065%+0.0096%1h$266K$907K15xas long as short
Aster OPUSDT+0.070%+0.0100%8h$211K$268K10xas long as short
Deribit OP_USDC-PERPETUAL+0.081%0.0000%1h$43K$186K25xas long as short
Kraken Futures PF_OPUSDshort+0.220%+0.0546%1h$766K$789K20x
Variational Omni OP+0.228%−0.0105%8h$224K$41K—as long as short
HTX OP-USDT+0.235%+0.0100%8h$176K$259K50xas long as short
BloFin OP-USDT+0.284%+0.0216%8h$979K$314K75xas long as short
edgeX OPUSDC+0.475%+0.0100%4h$8K$379K10xas long as short
ApeX Omni OPUSDT+0.487%+0.0100%1h$44K$720K50xas long as short