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.

Spread before costs (cost unknown: a leg has no order-book sample)−0.696%
7d average+0.045%if it closes, per $10,000$70funding while held, a day−$4.08
Long on InjectiveShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective OP/USDC PERP0.12760.0033pay 0.0004% / 1h26m 09s$25K$184K12x
ShortVariational Omni OP0.1267−0.0103pay 0.0103% / 8h7h 26m$234K$43K—

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
−$69.59
Funding while held
−$4.08
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$73.69
Spread needed to break even
0.000%
Slippage unknown: Injective: live order book, 19 min ago; Variational Omni: RFQ quote, 19 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0136%
Per $10,000 a day
−$4.08
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, 19 min ago31.72 bp63.3 bp −$63doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 19 min ago3.97 bpdoesn't fit19.8 bp −$198doesn't fitdoesn't fit

OP price on every exchange

against the cheapest. Click to use as the short leg.
Coinbase International0.1263cheapestApeX Omni0.1267+0.317%
Variational Omni0.1267+0.326%
Bybit0.1268+0.404%MEXC0.1269+0.443%Extended0.1269+0.445%Gate0.1269+0.467%BingX0.1269+0.467%SoDEX0.1269+0.467%Aevo0.1269+0.468%Orderly0.1269+0.475%Deribit0.1269+0.475%OKX0.1269+0.491%Backpack0.1269+0.507%Binance0.1270+0.530%Lighter0.1270+0.554%KuCoin0.1270+0.554%Bitget0.1270+0.554%gTrade (Gains Network)0.1270+0.564%edgeX0.1270+0.591%Kraken Futures0.1271+0.602%Hyperliquid0.1271+0.610%GMX0.1271+0.622%Reya0.1271+0.624%HTX0.1271+0.649%Aster0.1271+0.661%dYdX0.1272+0.714%BloFin0.1272+0.744%
Injective0.1276+1.029%

OP on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International OP-PERP-INTX−1.019%−0.0304%1h$22K$86K50xas long as short
ApeX Omni OPUSDT−0.705%+0.0100%1h$45K$712K50xas long as short
Variational Omni OPshort−0.696%−0.0103%8h$234K$43K—
Bybit OPUSDT−0.619%−0.0316%8h$17.9M$27.7M75xas long as short
MEXC OP_USDT−0.580%−0.0019%8h$20.3M$8.8M300xas long as short
Extended OP-USD−0.578%−0.0016%1h$102K$208K25xas long as short
Gate OP_USDT−0.556%+0.0100%8h$1.8M$1.6M50xas long as short
BingX OP-USDT−0.556%+0.0100%8h—$6.9M—as long as short
SoDEX OP-USD−0.556%+0.0100%1h$185$6K5xas long as short
Aevo OP-PERP−0.556%+0.0072%1h$4K—3xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Orderly PERP_OP_USDC−0.549%−0.0075%8h$7K$53K10xas long as short
Deribit OP_USDC-PERPETUAL−0.549%0.0000%1h$48K$200K25xas long as short
OKX OP-USDT-SWAP−0.533%+0.0026%8h$6.0M$33.5M50xas long as short
Backpack OP_USDC_PERP−0.517%+0.0109%1h$137K$189K10xas long as short
Binance OPUSDT−0.494%−0.0020%8h$20.8M$69.1M75xas long as short
Lighter OP−0.470%+0.0096%1h$302K$881K15xas long as short
KuCoin OPUSDTM−0.470%+0.0100%8h$2.9M$7.4M75xas long as short
Bitget OPUSDT−0.470%+0.0100%8h$6.0M$6.4M75xas long as short
gTrade (Gains Network) OP/USD−0.461%L +0.0004% / S −0.0004%1h——150xas long as short
edgeX OPUSDC−0.434%+0.0100%4h$8K$381K10xas long as short
Kraken Futures PF_OPUSD−0.423%+0.0469%1h$789K$679K20xas long as short
Hyperliquid OP−0.415%+0.0100%1h$4.0M$3.3M5xas long as short
GMX OP/USD [OP-USDC]−0.404%L −0.1162% / S +0.0245%1h$13K—100xas long as short
Reya OPRUSDPERP−0.401%+0.0432%1h$707—20xas long as short
HTX OP-USDT−0.376%+0.0100%8h$182K$268K50xas long as short
Aster OPUSDT−0.365%+0.0100%8h$214K$465K10xas long as short
dYdX OP-USD−0.312%0.0000%1h$39K$1010xas long as short
BloFin OP-USDT−0.282%+0.0100%8h$1.0M$586K75xas long as short
Injective OP/USDC PERPlong0.000%+0.0033%1h$25K$184K12x