OP

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After costs, if the gap returns to its 7d average, $10k−$95

spread now−0.033%7d average−0.005%fees + slippage, in and out−$93spread needed0.926%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter OP	0.1281	0.0096	pay 0.0012% / 1h	3m 56s	$301K	$825K	15x
Short	Aster OPUSDT	0.1281	0.0100	get 0.0100% / 8h	1h 03m	$202K	$433K	10x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee LighterbpFee AsterbpOrdersClose when spread is

Slippage from Lighter: live order book, 43 min ago; Aster: live order book, 50 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter live order book, 43 min ago	5.12 bp	7.0 bp −$7	45.7 bp −$457	doesn't fit	doesn't fit
Sell Aster live order book, 50 min ago	6.74 bp	56.4 bp −$56	doesn't fit	doesn't fit	doesn't fit

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International OP-PERP-INTX	−0.812%	−0.0328%	1h	$27K	$84K	50x	as long as short
Injective OP/USDC PERP	−0.421%	+0.0033%	1h	$25K	$238K	12x	as long as short
Bybit OPUSDT	−0.226%	+0.0011%	8h	$17.9M	$27.4M	75x	as long as short
OKX OP-USDT-SWAP	−0.195%	+0.0058%	8h	$6.1M	$32.7M	50x	as long as short
Extended OP-USD	−0.181%	−0.0128%	1h	$102K	$214K	25x	as long as short
edgeX OPUSDC	−0.171%	+0.0100%	4h	$10K	$414K	10x	as long as short
Binance OPUSDT	−0.143%	−0.0132%	8h	$20.9M	$65.6M	75x	as long as short
BingX OP-USDT	−0.133%	+0.0100%	8h	—	$6.7M	—	as long as short
HTX OP-USDT	−0.125%	+0.0100%	8h	$192K	$244K	50x	as long as short
MEXC OP_USDT	−0.117%	−0.0130%	8h	$20.2M	$8.9M	300x	as long as short

Show all 29 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin OPUSDTM	−0.109%	+0.0100%	8h	$2.9M	$6.9M	75x	as long as short
Bitget OPUSDT	−0.109%	+0.0100%	8h	$5.9M	$6.1M	75x	as long as short
SoDEX OP-USD	−0.094%	+0.0100%	1h	$177	$5K	5x	as long as short
Reya OPRUSDPERP	−0.075%	+0.0430%	1h	$712	—	20x	as long as short
Aevo OP-PERP	−0.048%	+0.0048%	1h	$4K	—	3x	as long as short
Backpack OP_USDC_PERP	−0.047%	+0.0100%	1h	$133K	$167K	10x	as long as short
Gate OP_USDT	−0.039%	+0.0100%	8h	$1.8M	$1.7M	50x	as long as short
Aster OPUSDTshort	−0.033%	+0.0100%	8h	$202K	$433K	10x
dYdX OP-USD	−0.031%	0.0000%	1h	$40K	$10	10x	as long as short
Orderly PERP_OP_USDC	−0.031%	−0.0082%	8h	$7K	$53K	10x	as long as short
Deribit OP_USDC-PERPETUAL	−0.031%	0.0000%	1h	$48K	$199K	25x	as long as short
gTrade (Gains Network) OP/USD	−0.008%	L +0.0005% / S −0.0004%	1h	$1K	—	150x	as long as short
Lighter OPlong	0.000%	+0.0096%	1h	$301K	$825K	15x
GMX OP/USD [OP-USDC]	+0.002%	L −0.1469% / S +0.0291%	1h	$13K	—	100x	as long as short
Hyperliquid OP	+0.031%	+0.0100%	1h	$4.1M	$3.1M	5x	as long as short
Kraken Futures PF_OPUSD	+0.046%	+0.0141%	1h	$790K	$660K	20x	as long as short
ApeX Omni OPUSDT	+0.125%	+0.0100%	1h	$46K	$715K	50x	as long as short
Variational Omni OP	+0.134%	−0.0062%	8h	$237K	$45K	—	as long as short
BloFin OP-USDT	+0.234%	−0.0011%	8h	$1.0M	$586K	75x	as long as short