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−$85
spread now−0.024%7d average−0.048%fees + slippage, in and out−$87spread needed0.869%
Long on LighterShort on Gate
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter OP0.12330.0096pay 0.0012% / 1h54m 46s$266K$898K15x
ShortGate OP_USDT0.12330.0052get 0.0052% / 8h4h 54m$1.8M$1.4M50x

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
−$2.43
Funding while held
−$1.32
Slippage, 4 orders
−$71.94
Fee Lighter: 0 bp × 2 orders
$0
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$90.69
Spread needed to break even
0.869%
Slippage from Lighter: live order book, 32 min ago; Gate: live order book, 4 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 Lighter live order book, 32 min ago5.67 bp14.3 bp −$1437.8 bp −$378doesn't fitdoesn't fit
Sell Gate live order book, 4 min ago5.26 bp24.0 bp −$2454.6 bp −$546doesn't fitdoesn't fit

OP price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.1228cheapestBybit0.1232+0.309%Coinbase International0.1232+0.326%Reya0.1232+0.349%OKX0.1232+0.358%Extended0.1232+0.359%
Gate0.1233+0.383%
BloFin0.1233+0.391%Binance0.1233+0.391%MEXC0.1233+0.399%
Lighter0.1233+0.407%
KuCoin0.1233+0.407%BingX0.1233+0.407%Backpack0.1233+0.407%Orderly0.1233+0.407%Aevo0.1233+0.414%SoDEX0.1233+0.432%Hyperliquid0.1234+0.456%GMX0.1234+0.456%Aster0.1234+0.467%Bitget0.1234+0.489%Deribit0.1234+0.489%dYdX0.1234+0.491%Variational Omni0.1234+0.502%gTrade (Gains Network)0.1234+0.503%HTX0.1235+0.570%Kraken Futures0.1235+0.576%ApeX Omni0.1236+0.651%edgeX0.1237+0.773%

OP on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective OP/USDC PERP−0.406%−0.1650%1h$34K$58K12xas long as short
Bybit OPUSDT−0.097%+0.0100%8h$18.0M$26.5M75xas long as short
Coinbase International OP-PERP-INTX−0.081%−0.0312%1h$21K$67K50xas long as short
Reya OPRUSDPERP−0.058%+0.0434%1h$685—20xas long as short
OKX OP-USDT-SWAP−0.049%+0.0046%8h$5.7M$30.0M50xas long as short
Extended OP-USD−0.048%+0.0104%1h$99K$206K25xas long as short
Gate OP_USDTshort−0.024%+0.0052%8h$1.8M$1.4M50x
BloFin OP-USDT−0.016%+0.0220%8h$973K$303K75xas long as short
Binance OPUSDT−0.016%+0.0100%8h$19.5M$64.5M75xas long as short
MEXC OP_USDT−0.008%+0.0100%8h$19.5M$7.1M300xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Lighter OPlong0.000%+0.0096%1h$266K$898K15x
KuCoin OPUSDTM0.000%+0.0100%8h$2.9M$7.4M75xas long as short
BingX OP-USDC0.000%+0.0100%8h—$1.6M—as long as short
Backpack OP_USDC_PERP0.000%+0.0100%1h$127K$197K10xas long as short
Orderly PERP_OP_USDC0.000%−0.0026%8h$6K$53K10xas long as short
Aevo OP-PERP+0.007%+0.0104%1h$4K—3xas long as short
SoDEX OP-USD+0.024%+0.0100%1h$173$6K5xas long as short
Hyperliquid OP+0.049%+0.0100%1h$3.8M$3.1M5xas long as short
GMX OP/USD [OP-USDC]+0.049%L −0.0887% / S +0.0200%1h$13K—100xas long as short
Aster OPUSDT+0.060%+0.0100%8h$209K$266K10xas long as short
Bitget OPUSDT+0.081%+0.0100%8h$6.0M$6.2M75xas long as short
Deribit OP_USDC-PERPETUAL+0.081%0.0000%1h$43K$184K25xas long as short
dYdX OP-USD+0.083%0.0000%1h$38K$43710xas long as short
Variational Omni OP+0.095%−0.0068%8h$225K$43K—as long as short
gTrade (Gains Network) OP/USD+0.096%L +0.0004% / S −0.0004%1h——150xas long as short
HTX OP-USDT+0.162%+0.0100%8h$176K$258K50xas long as short
Kraken Futures PF_OPUSD+0.168%+0.0528%1h$767K$766K20xas long as short
ApeX Omni OPUSDT+0.243%+0.0100%1h$44K$720K50xas long as short
edgeX OPUSDC+0.365%+0.0100%4h$10K$377K10xas long as short