After costs, if the gap returns to its 7d average, $10k−$54
spread now+0.212%7d average+0.056%fees + slippage, in and out−$69spread needed0.693%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin OPUSDTM | 0.1272 | 0.0100 | pay 0.0100% / 8h | 1h 38m | $2.9M | $6.7M | 75x |
| Short | Lighter OP | 0.1275 | 0.0096 | get 0.0012% / 1h | 38m 30s | $369K | $749K | 15x |
KuCoin OPUSDTM
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
- $21.23
- Funding while held
- −$0.12
- Slippage, 4 orders
- −$57.31
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$48.2
- Spread needed to break even
- 0.693%
Slippage from KuCoin: live order book, 6 min ago; Lighter: live order book, 9 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0004%
- Per $10,000 a day
- −$0.12
- 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 KuCoin live order book, 6 min ago | 7.87 bp | 27.5 bp −$28 | 68.2 bp −$682 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 9 min ago | 5.12 bp | 6.5 bp −$7 | 35.5 bp −$355 | doesn't fit | doesn't fit |
OP price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International0.1263cheapestOKX0.1271+0.625%Extended0.1271+0.640%Reya0.1271+0.655%Bybit0.1271+0.657%MEXC0.1272+0.689%BingX0.1272+0.705%
Coinbase International
OKX
Extended
Reya
Bybit
MEXC
BingXKuCoin0.1272+0.713%
Bitget0.1272+0.713%ApeX Omni0.1272+0.713%Variational Omni0.1272+0.724%Aster0.1272+0.751%Binance0.1273+0.752%Hyperliquid0.1273+0.760%gTrade (Gains Network)0.1273+0.768%edgeX0.1273+0.801%Gate0.1273+0.823%dYdX0.1274+0.896%
Bitget
ApeX Omni
Variational Omni
Aster
Binance
Hyperliquid
gTrade (Gains Network)
Gate
dYdXLighter0.1275+0.926%
BloFin0.1275+0.934%SoDEX0.1275+0.942%Backpack0.1275+0.950%Aevo0.1275+0.981%HTX0.1276+0.998%Orderly0.1276+1.029%Deribit0.1276+1.029%Kraken Futures0.1276+1.036%GMX0.1276+1.056%Injective0.1297+2.692%
BloFin
SoDEX
Backpack
Aevo
HTX
Orderly
Deribit
Kraken Futures
GMX
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 | −0.708% | −0.0328% | 1h | $27K | $83K | 50x | as long as short |
| OKX OP-USDT-SWAP | −0.086% | +0.0074% | 8h | $6.0M | $32.0M | 50x | as long as short |
| Extended OP-USD | −0.072% | −0.0152% | 1h | $102K | $214K | 25x | as long as short |
| Reya OPRUSDPERP | −0.057% | +0.0430% | 1h | $707 | — | 20x | as long as short |
| Bybit OPUSDT | −0.055% | +0.0009% | 8h | $17.9M | $27.0M | 75x | as long as short |
| MEXC OP_USDT | −0.024% | −0.0152% | 8h | $20.1M | $8.8M | 300x | as long as short |
| BingX OP-USDT | −0.008% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| KuCoin OPUSDTMlong | 0.000% | +0.0100% | 8h | $2.9M | $6.7M | 75x | |
| Bitget OPUSDT | 0.000% | +0.0100% | 8h | $5.9M | $6.0M | 75x | as long as short |
| ApeX Omni OPUSDT | 0.000% | −0.0083% | 1h | $46K | $709K | 50x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni OP | +0.011% | −0.0060% | 8h | $235K | $44K | — | as long as short |
| Aster OPUSDT | +0.038% | +0.0100% | 8h | $200K | $434K | 10x | as long as short |
| Binance OPUSDT | +0.039% | −0.0150% | 8h | $20.6M | $64.6M | 75x | as long as short |
| Hyperliquid OP | +0.047% | +0.0100% | 1h | $4.0M | $3.1M | 5x | as long as short |
| gTrade (Gains Network) OP/USD | +0.055% | L +0.0004% / S −0.0001% | 1h | $2K | — | 150x | as long as short |
| edgeX OPUSDC | +0.088% | +0.0100% | 4h | $4K | $406K | 10x | as long as short |
| Gate OP_USDT | +0.110% | +0.0100% | 8h | $1.8M | $1.7M | 50x | as long as short |
| dYdX OP-USD | +0.182% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| Lighter OPshort | +0.212% | +0.0096% | 1h | $369K | $749K | 15x | |
| BloFin OP-USDT | +0.220% | −0.0032% | 8h | $1.0M | $581K | 75x | as long as short |
| SoDEX OP-USD | +0.228% | +0.0100% | 1h | $157 | $5K | 5x | as long as short |
| Backpack OP_USDC_PERP | +0.236% | +0.0100% | 1h | $133K | $163K | 10x | as long as short |
| Aevo OP-PERP | +0.267% | +0.0040% | 1h | $4K | — | 3x | as long as short |
| HTX OP-USDT | +0.283% | +0.0100% | 8h | $192K | $232K | 50x | as long as short |
| Orderly PERP_OP_USDC | +0.314% | −0.0072% | 8h | $7K | $53K | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.314% | 0.0000% | 1h | $48K | $207K | 25x | as long as short |
| Kraken Futures PF_OPUSD | +0.321% | +0.0142% | 1h | $786K | $663K | 20x | as long as short |
| GMX OP/USD [OP-USDC] | +0.341% | L −0.1208% / S +0.0249% | 1h | $13K | — | 100x | as long as short |
| Injective OP/USDC PERP | +1.965% | +0.0033% | 1h | $25K | $185K | 12x | as long as short |