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−$93
spread now−0.072%7d average+0.019%fees + slippage, in and out−$84spread needed0.842%
Long on KuCoinShort on OKX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin OPUSDTM0.12540.0100pay 0.0100% / 8h6h 47m$2.9M$7.3M75x
ShortOKX OP-USDT-SWAP0.12530.0014get 0.0014% / 8h6h 47m$5.9M$32.1M50x

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
−$7.18
Funding while held
−$2.59
Slippage, 4 orders
−$62.25
Fee KuCoin: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$94.01
Spread needed to break even
0.842%
Slippage from KuCoin: live order book, 6 min ago; OKX: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
−0.0086%
Per $10,000 a day
−$2.59
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, 6 min ago7.96 bp38.6 bp −$3983.3 bp −$833doesn't fitdoesn't fit
Sell OKX live order book, 2 min ago0.40 bp12.4 bp −$1236.4 bp −$364doesn't fitdoesn't fit

OP price on every exchange

against the cheapest. Click to use as the short leg.
Bybit0.1253cheapestCoinbase International0.1253+0.024%
OKX0.1253+0.032%
Extended0.1253+0.042%BingX0.1254+0.088%Gate0.1254+0.096%SoDEX0.1254+0.096%Reya0.1254+0.097%Binance0.1254+0.104%
KuCoin0.1254+0.104%
Bitget0.1254+0.104%Orderly0.1254+0.104%Backpack0.1254+0.112%Aevo0.1254+0.125%MEXC0.1254+0.128%HTX0.1254+0.136%GMX0.1255+0.161%Variational Omni0.1255+0.176%gTrade (Gains Network)0.1255+0.184%Deribit0.1255+0.184%dYdX0.1255+0.186%Lighter0.1255+0.192%Aster0.1255+0.194%Hyperliquid0.1255+0.224%BloFin0.1256+0.239%Kraken Futures0.1256+0.251%ApeX Omni0.1257+0.343%edgeX0.1258+0.407%Injective0.1276+1.860%

OP on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit OPUSDT−0.104%−0.0122%8h$18.0M$26.3M75xas long as short
Coinbase International OP-PERP-INTX−0.080%−0.0344%1h$21K$76K50xas long as short
OKX OP-USDT-SWAPshort−0.072%+0.0014%8h$5.9M$32.1M50x
Extended OP-USD−0.061%+0.0008%1h$100K$205K25xas long as short
BingX OP-USDT−0.016%+0.0100%8h—$6.7M—as long as short
Gate OP_USDT−0.008%+0.0100%8h$1.8M$1.4M50xas long as short
SoDEX OP-USD−0.008%+0.0100%1h$176$6K5xas long as short
Reya OPRUSDPERP−0.007%+0.0432%1h$697—20xas long as short
Binance OPUSDT0.000%+0.0005%8h$20.4M$66.3M75xas long as short
KuCoin OPUSDTMlong0.000%+0.0100%8h$2.9M$7.3M75x
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget OPUSDT0.000%+0.0100%8h$6.0M$6.1M75xas long as short
Orderly PERP_OP_USDC0.000%−0.0070%8h$7K$53K10xas long as short
Backpack OP_USDC_PERP+0.008%+0.0100%1h$133K$186K10xas long as short
Aevo OP-PERP+0.021%+0.0080%1h$4K—3xas long as short
MEXC OP_USDT+0.024%+0.0003%8h$19.9M$8.1M300xas long as short
HTX OP-USDT+0.032%+0.0100%8h$178K$256K50xas long as short
GMX OP/USD [OP-USDC]+0.057%L −0.1436% / S +0.0290%1h$13K—100xas long as short
Variational Omni OP+0.072%−0.0133%8h$232K$42K—as long as short
gTrade (Gains Network) OP/USD+0.080%L +0.0004% / S −0.0004%1h——150xas long as short
Deribit OP_USDC-PERPETUAL+0.080%0.0000%1h$47K$200K25xas long as short
dYdX OP-USD+0.082%0.0000%1h$39K$1010xas long as short
Lighter OP+0.088%+0.0096%1h$281K$871K15xas long as short
Aster OPUSDT+0.090%+0.0100%8h$208K$357K10xas long as short
Hyperliquid OP+0.120%+0.0100%1h$3.9M$3.2M5xas long as short
BloFin OP-USDT+0.136%+0.0060%8h$845K$577K75xas long as short
Kraken Futures PF_OPUSD+0.147%+0.0610%1h$780K$673K20xas long as short
ApeX Omni OPUSDT+0.239%+0.0100%1h$45K$714K50xas long as short
edgeX OPUSDC+0.303%+0.0100%4h$11K$378K10xas long as short
Injective OP/USDC PERP+1.754%+0.0033%1h$25K$134K12xas long as short