After costs, if the gap returns to its 7d average, $10k−$158
spread now−0.385%7d average−0.067%fees + slippage, in and out−$126spread needed1.260%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_OPUSD | 0.1278 | 0.0142 | pay 0.0018% / 1h | 36m 18s | $787K | $663K | 20x |
| Short | HTX OP-USDT | 0.1273 | 0.0100 | get 0.0100% / 8h | 1h 36m | $192K | $232K | 50x |
Kraken Futures PF_OPUSD
HTX OP-USDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$38.48
- Funding while held
- −$1.25
- Slippage, 4 orders
- −$103.99
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$165.72
- Spread needed to break even
- 1.260%
Slippage from Kraken Futures: live order book, 18 min ago; HTX: live order book, 17 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0042%
- Per $10,000 a day
- −$1.25
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kraken Futures live order book, 18 min ago | 12.12 bp | 36.2 bp −$36 | 107.8 bp −$1,078 | doesn't fit | doesn't fit |
| Sell HTX live order book, 17 min ago | 19.74 bp | 42.6 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
OP price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International0.1263cheapestVariational Omni0.1272+0.724%
Coinbase International
Variational OmniHTX0.1273+0.816%
edgeX0.1275+0.936%ApeX Omni0.1275+0.950%Reya0.1275+0.972%Bybit0.1275+0.990%Extended0.1276+0.991%MEXC0.1276+1.021%Aster0.1276+1.023%KuCoin0.1276+1.029%Bitget0.1276+1.029%BingX0.1276+1.029%Orderly0.1276+1.029%Aevo0.1276+1.029%BloFin0.1276+1.029%SoDEX0.1276+1.037%Binance0.1276+1.045%OKX0.1276+1.045%GMX0.1276+1.059%Backpack0.1276+1.061%Gate0.1277+1.077%gTrade (Gains Network)0.1277+1.077%dYdX0.1277+1.082%Hyperliquid0.1277+1.101%Deribit0.1277+1.108%Lighter0.1278+1.172%
ApeX Omni
Reya
Bybit
Extended
MEXC
Aster
KuCoin
Bitget
BingX
Orderly
Aevo
BloFin
SoDEX
Binance
OKX
GMX
Backpack
Gate
gTrade (Gains Network)
dYdX
Hyperliquid
Deribit
LighterKraken Futures0.1278+1.205%
Injective0.1297+2.692%
InjectiveOP on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International OP-PERP-INTX | −1.191% | −0.0328% | 1h | $27K | $83K | 50x | as long as short |
| Variational Omni OP | −0.476% | −0.0060% | 8h | $235K | $44K | — | as long as short |
| HTX OP-USDTshort | −0.385% | +0.0100% | 8h | $192K | $232K | 50x | |
| edgeX OPUSDC | −0.266% | +0.0100% | 4h | $4K | $407K | 10x | as long as short |
| ApeX Omni OPUSDT | −0.252% | +0.0034% | 1h | $46K | $710K | 50x | as long as short |
| Reya OPRUSDPERP | −0.230% | +0.0430% | 1h | $709 | — | 20x | as long as short |
| Bybit OPUSDT | −0.213% | +0.0008% | 8h | $17.9M | $27.0M | 75x | as long as short |
| Extended OP-USD | −0.211% | −0.0152% | 1h | $102K | $214K | 25x | as long as short |
| MEXC OP_USDT | −0.181% | −0.0150% | 8h | $20.1M | $8.8M | 300x | as long as short |
| Aster OPUSDT | −0.180% | +0.0100% | 8h | $201K | $434K | 10x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin OPUSDTM | −0.174% | +0.0100% | 8h | $2.9M | $6.7M | 75x | as long as short |
| Bitget OPUSDT | −0.174% | +0.0100% | 8h | $6.0M | $6.0M | 75x | as long as short |
| BingX OP-USDC | −0.174% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| Orderly PERP_OP_USDC | −0.174% | −0.0073% | 8h | $7K | $53K | 10x | as long as short |
| Aevo OP-PERP | −0.174% | +0.0040% | 1h | $4K | — | 3x | as long as short |
| BloFin OP-USDT | −0.174% | −0.0030% | 8h | $1.0M | $581K | 75x | as long as short |
| SoDEX OP-USD | −0.166% | +0.0100% | 1h | $159 | $5K | 5x | as long as short |
| Binance OPUSDT | −0.158% | −0.0150% | 8h | $20.7M | $64.6M | 75x | as long as short |
| OKX OP-USDT-SWAP | −0.158% | +0.0077% | 8h | $6.0M | $32.2M | 50x | as long as short |
| GMX OP/USD [OP-USDC] | −0.145% | L −0.1469% / S +0.0291% | 1h | $13K | — | 100x | as long as short |
| Backpack OP_USDC_PERP | −0.142% | +0.0100% | 1h | $133K | $163K | 10x | as long as short |
| Gate OP_USDT | −0.127% | +0.0100% | 8h | $1.8M | $1.7M | 50x | as long as short |
| gTrade (Gains Network) OP/USD | −0.127% | L +0.0005% / S −0.0004% | 1h | $1K | — | 150x | as long as short |
| dYdX OP-USD | −0.121% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| Hyperliquid OP | −0.103% | +0.0100% | 1h | $4.1M | $3.1M | 5x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.095% | 0.0000% | 1h | $48K | $202K | 25x | as long as short |
| Lighter OP | −0.033% | +0.0096% | 1h | $370K | $749K | 15x | as long as short |
| Kraken Futures PF_OPUSDlong | 0.000% | +0.0142% | 1h | $787K | $663K | 20x | |
| Injective OP/USDC PERP | +1.469% | +0.0033% | 1h | $25K | $185K | 12x | as long as short |