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−$85
spread now−0.069%7d average−0.080%fees + slippage, in and out−$86spread needed0.860%
Long on Kraken FuturesShort on Deribit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_OPUSD0.12670.0241pay 0.0030% / 1h41m 49s$781K$658K20x
ShortDeribit OP_USDC-PERPETUAL0.1266−0.0539pay 0.0067% / 1h41m 49s$47K$200K25x

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
−$6.85
Funding while held
−$23.41
Slippage, 4 orders
−$69.01
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$116.28
Spread needed to break even
0.860%
Slippage from Kraken Futures: live order book, 8 min ago; Deribit: live order book, 54 min ago.

Cost of waiting

funding view
Funding /8h
−0.0780%
Per $10,000 a day
−$23.41
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 Kraken Futures live order book, 8 min ago20.77 bp28.8 bp −$2998.7 bp −$987doesn't fitdoesn't fit
Sell Deribit live order book, 54 min ago7.82 bp11.3 bp −$11doesn't fitdoesn't fitdoesn't fit

OP price on every exchange

against the cheapest. Click to use as the short leg.
Coinbase International0.1263cheapestBloFin0.1264+0.103%SoDEX0.1266+0.206%OKX0.1266+0.222%Extended0.1266+0.224%Bybit0.1266+0.230%Reya0.1266+0.232%Bitget0.1266+0.238%Backpack0.1266+0.238%
Deribit0.1266+0.238%
Lighter0.1266+0.261%BingX0.1267+0.277%Aevo0.1267+0.298%Aster0.1267+0.298%
Kraken Futures0.1267+0.306%
dYdX0.1267+0.317%Gate0.1267+0.317%KuCoin0.1267+0.317%Orderly0.1267+0.317%MEXC0.1267+0.333%Binance0.1267+0.340%gTrade (Gains Network)0.1267+0.348%GMX0.1267+0.352%Hyperliquid0.1268+0.356%HTX0.1269+0.451%ApeX Omni0.1270+0.554%edgeX0.1270+0.568%Variational Omni0.1273+0.800%Injective0.1276+1.029%

OP on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International OP-PERP-INTX−0.305%−0.0296%1h$27K$85K50xas long as short
BloFin OP-USDT−0.203%−0.0009%8h$1.0M$580K75xas long as short
SoDEX OP-USD−0.100%+0.0100%1h$174$5K5xas long as short
OKX OP-USDT-SWAP−0.084%+0.0039%8h$6.0M$32.7M50xas long as short
Extended OP-USD−0.082%−0.0128%1h$101K$214K25xas long as short
Bybit OPUSDT−0.076%+0.0016%8h$17.8M$27.5M75xas long as short
Reya OPRUSDPERP−0.074%+0.0431%1h$704—20xas long as short
Bitget OPUSDT−0.069%+0.0100%8h$5.9M$6.2M75xas long as short
Backpack OP_USDC_PERP−0.069%+0.0100%1h$132K$168K10xas long as short
Deribit OP_USDC-PERPETUALshort−0.069%−0.0539%1h$47K$200K25x
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Lighter OP−0.045%+0.0096%1h$296K$829K15xas long as short
BingX OP-USDT−0.029%+0.0100%8h—$6.7M—as long as short
Aevo OP-PERP−0.009%+0.0048%1h$4K—3xas long as short
Aster OPUSDT−0.008%+0.0100%8h$200K$453K10xas long as short
Kraken Futures PF_OPUSDlong0.000%+0.0241%1h$781K$658K20x
dYdX OP-USD+0.010%0.0000%1h$39K$1010xas long as short
Gate OP_USDT+0.010%+0.0100%8h$1.8M$1.7M50xas long as short
KuCoin OPUSDTM+0.010%+0.0100%8h$2.8M$7.0M75xas long as short
Orderly PERP_OP_USDC+0.010%−0.0079%8h$7K$53K10xas long as short
MEXC OP_USDT+0.026%−0.0129%8h$20.4M$8.6M300xas long as short
Binance OPUSDT+0.034%−0.0128%8h$20.9M$66.4M75xas long as short
gTrade (Gains Network) OP/USD+0.042%L +0.0005% / S −0.0004%1h$1K—150xas long as short
GMX OP/USD [OP-USDC]+0.046%L −0.1469% / S +0.0291%1h$13K—100xas long as short
Hyperliquid OP+0.050%+0.0100%1h$4.0M$3.1M5xas long as short
HTX OP-USDT+0.145%+0.0100%8h$188K$251K50xas long as short
ApeX Omni OPUSDT+0.247%+0.0100%1h$46K$716K50xas long as short
edgeX OPUSDC+0.261%+0.0100%4h$9K$380K10xas long as short
Variational Omni OP+0.492%−0.0066%8h$235K$45K—as long as short
Injective OP/USDC PERP+0.721%+0.0248%1h$25K$184K12xas long as short