After costs, if the gap returns to its 7d average, $10k−$90
spread now−0.077%7d average−0.051%fees + slippage, in and out−$87spread needed0.875%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_OPUSD | 0.1235 | 0.0621 | pay 0.0078% / 1h | 3m 17s | $768K | $766K | 20x |
| Short | Lighter OP | 0.1234 | 0.0096 | get 0.0012% / 1h | 3m 17s | $265K | $919K | 15x |
Kraken Futures PF_OPUSD
Lighter OPPrice 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
- −$7.72
- Funding while held
- −$15.74
- Slippage, 4 orders
- −$77.48
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$110.94
- Spread needed to break even
- 0.875%
Slippage from Kraken Futures: live order book, 36 min ago; Lighter: live order book, 29 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0525%
- Per $10,000 a day
- −$15.74
- 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, 36 min ago | 9.25 bp | 27.7 bp −$28 | 101.5 bp −$1,015 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 29 min ago | 5.62 bp | 26.2 bp −$26 | 62.6 bp −$626 | doesn't fit | doesn't fit |
OP price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International0.1219cheapestApeX Omni0.1226+0.574%Injective0.1226+0.574%BloFin0.1233+1.132%Gate0.1233+1.157%Aevo0.1233+1.158%dYdX0.1233+1.159%Reya0.1233+1.187%Aster0.1234+1.201%Bybit0.1234+1.206%Extended0.1234+1.212%SoDEX0.1234+1.222%Hyperliquid0.1234+1.231%KuCoin0.1234+1.231%Deribit0.1234+1.231%gTrade (Gains Network)0.1234+1.233%Binance0.1234+1.255%
Coinbase International
ApeX Omni
Injective
BloFin
Gate
Aevo
dYdX
Reya
Aster
Bybit
Extended
SoDEX
Hyperliquid
KuCoin
Deribit
gTrade (Gains Network)
BinanceLighter0.1234+1.263%
GMX0.1234+1.263%MEXC0.1235+1.288%OKX0.1235+1.304%Bitget0.1235+1.313%BingX0.1235+1.313%Orderly0.1235+1.313%
GMX
MEXC
OKX
Bitget
BingX
OrderlyKraken Futures0.1235+1.342%
Backpack0.1235+1.345%Variational Omni0.1236+1.366%HTX0.1236+1.378%edgeX0.1238+1.567%
Backpack
Variational Omni
HTXOP 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 | −1.324% | −0.0344% | 1h | $21K | $69K | 50x | as long as short |
| ApeX Omni OPUSDT | −0.757% | +0.0100% | 1h | $44K | $719K | 50x | as long as short |
| Injective OP/USDC PERP | −0.757% | +0.0033% | 1h | $34K | $139K | 12x | as long as short |
| BloFin OP-USDT | −0.207% | +0.0174% | 8h | $1.0M | $340K | 75x | as long as short |
| Gate OP_USDT | −0.182% | +0.0053% | 8h | $1.8M | $1.6M | 50x | as long as short |
| Aevo OP-PERP | −0.181% | +0.0096% | 1h | $4K | — | 3x | as long as short |
| dYdX OP-USD | −0.181% | 0.0000% | 1h | $38K | $10 | 10x | as long as short |
| Reya OPRUSDPERP | −0.152% | +0.0433% | 1h | $686 | — | 20x | as long as short |
| Aster OPUSDT | −0.138% | +0.0100% | 8h | $201K | $266K | 10x | as long as short |
| Bybit OPUSDT | −0.134% | −0.0067% | 8h | $17.8M | $26.7M | 75x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended OP-USD | −0.128% | +0.0056% | 1h | $99K | $206K | 25x | as long as short |
| SoDEX OP-USD | −0.118% | +0.0100% | 1h | $199 | $6K | 5x | as long as short |
| Hyperliquid OP | −0.110% | +0.0100% | 1h | $3.8M | $3.2M | 5x | as long as short |
| KuCoin OPUSDTM | −0.110% | +0.0100% | 8h | $3.0M | $7.4M | 75x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.110% | 0.0000% | 1h | $43K | $188K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | −0.107% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | as long as short |
| Binance OPUSDT | −0.085% | +0.0054% | 8h | $20.0M | $66.8M | 75x | as long as short |
| Lighter OPshort | −0.077% | +0.0096% | 1h | $265K | $919K | 15x | |
| GMX OP/USD [OP-USDC] | −0.077% | L −0.1436% / S +0.0290% | 1h | $13K | — | 100x | as long as short |
| MEXC OP_USDT | −0.053% | +0.0050% | 8h | $19.6M | $8.5M | 300x | as long as short |
| OKX OP-USDT-SWAP | −0.037% | +0.0012% | 8h | $5.7M | $31.0M | 50x | as long as short |
| Bitget OPUSDT | −0.029% | +0.0100% | 8h | $5.8M | $6.4M | 75x | as long as short |
| BingX OP-USDC | −0.029% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| Orderly PERP_OP_USDC | −0.029% | −0.0057% | 8h | $6K | $54K | 10x | as long as short |
| Kraken Futures PF_OPUSDlong | 0.000% | +0.0621% | 1h | $768K | $766K | 20x | |
| Backpack OP_USDC_PERP | +0.004% | +0.0100% | 1h | $126K | $200K | 10x | as long as short |
| Variational Omni OP | +0.024% | −0.0132% | 8h | $226K | $40K | — | as long as short |
| HTX OP-USDT | +0.036% | +0.0100% | 8h | $176K | $273K | 50x | as long as short |
| edgeX OPUSDC | +0.222% | +0.0100% | 4h | $9K | $381K | 10x | as long as short |