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−$99
spread now+0.066%7d average−0.053%fees + slippage, in and out−$111spread needed1.110%
Long on KuCoinShort on Extended
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin OPUSDTM0.12320.0100pay 0.0100% / 8h6h 06m$2.9M$7.3M75x
ShortExtended OP-USD0.12330.0056get 0.0007% / 1h6m 05s$99K$206K25x

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
$6.62
Funding while held
−$1.32
Slippage, 4 orders
−$93.95
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$105.65
Spread needed to break even
1.110%
Slippage from KuCoin: live order book, 8 min ago; Extended: live order book, 33 min ago.

Cost of waiting

funding view
Funding /8h
−0.0044%
Per $10,000 a day
−$1.32
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 KuCoin live order book, 8 min ago4.03 bp27.2 bp −$2761.8 bp −$618doesn't fitdoesn't fit
Sell Extended live order book, 33 min ago20.12 bp29.7 bp −$30160.0 bp −$1,600doesn't fitdoesn't fit

OP price on every exchange

against the cheapest. Click to use as the short leg.
Gate0.1223cheapestBackpack0.1224+0.033%Bybit0.1224+0.041%BingX0.1224+0.057%MEXC0.1224+0.065%OKX0.1225+0.114%Binance0.1225+0.136%Bitget0.1226+0.213%Hyperliquid0.1226+0.245%Lighter0.1229+0.441%
KuCoin0.1232+0.703%
SoDEX0.1232+0.744%
Extended0.1233+0.770%
Aster0.1233+0.773%Aevo0.1233+0.812%Reya0.1234+0.861%Orderly0.1234+0.866%Deribit0.1234+0.866%gTrade (Gains Network)0.1234+0.867%Kraken Futures0.1234+0.877%GMX0.1234+0.906%HTX0.1235+0.940%Coinbase International0.1235+0.948%dYdX0.1237+1.144%Variational Omni0.1238+1.222%edgeX0.1239+1.240%BloFin0.1239+1.251%ApeX Omni0.1239+1.275%Injective0.1276+4.299%

OP on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate OP_USDT−0.698%+0.0036%8h$1.8M$1.5M50xas long as short
Backpack OP_USDC_PERP−0.666%+0.0100%1h$125K$200K10xas long as short
Bybit OPUSDT−0.657%−0.0098%8h$17.5M$26.4M75xas long as short
BingX OP-USDT−0.641%+0.0100%8h—$7.0M—as long as short
MEXC OP_USDT−0.633%+0.0050%8h$19.3M$8.5M300xas long as short
OKX OP-USDT-SWAP−0.584%+0.0010%8h$5.7M$30.7M50xas long as short
Binance OPUSDT−0.563%+0.0053%8h$19.9M$66.0M75xas long as short
Bitget OPUSDT−0.487%+0.0100%8h$6.0M$6.2M75xas long as short
Hyperliquid OP−0.455%+0.0100%1h$3.8M$3.2M5xas long as short
Lighter OP−0.260%+0.0096%1h$264K$917K15xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin OPUSDTMlong0.000%+0.0100%8h$2.9M$7.3M75x
SoDEX OP-USD+0.041%+0.0100%1h$195$6K5xas long as short
Extended OP-USDshort+0.066%+0.0056%1h$99K$206K25x
Aster OPUSDT+0.069%+0.0100%8h$199K$255K10xas long as short
Aevo OP-PERP+0.109%+0.0096%1h$4K—3xas long as short
Reya OPRUSDPERP+0.157%+0.0433%1h$686—20xas long as short
Orderly PERP_OP_USDC+0.162%−0.0056%8h$6K$54K10xas long as short
Deribit OP_USDC-PERPETUAL+0.162%0.0000%1h$43K$202K25xas long as short
gTrade (Gains Network) OP/USD+0.163%L +0.0004% / S −0.0004%1h——150xas long as short
Kraken Futures PF_OPUSD+0.172%+0.0621%1h$765K$671K20xas long as short
GMX OP/USD [OP-USDC]+0.201%L −0.1711% / S +0.0335%1h$13K—100xas long as short
HTX OP-USDT+0.235%+0.0100%8h$175K$261K50xas long as short
Coinbase International OP-PERP-INTX+0.244%−0.0344%1h$21K$69K50xas long as short
dYdX OP-USD+0.438%0.0000%1h$38K$1010xas long as short
Variational Omni OP+0.516%−0.0130%8h$226K$40K—as long as short
edgeX OPUSDC+0.533%+0.0100%4h$9K$380K10xas long as short
BloFin OP-USDT+0.544%+0.0171%8h$1.0M$336K75xas long as short
ApeX Omni OPUSDT+0.568%+0.0100%1h$44K$718K50xas long as short
Injective OP/USDC PERP+3.571%+0.0033%1h$25K$134K12xas long as short