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−$72
spread now−0.024%7d average−0.015%fees + slippage, in and out−$71spread needed0.711%
Long on LighterShort on HTX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter OP0.12620.0096pay 0.0012% / 1h0m 59s$295K$837K15x
ShortHTX OP-USDT0.12610.0100get 0.0100% / 8h0m 59s$181K$277K50x

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
−$2.38
Funding while held
$0.12
Slippage, 4 orders
−$59.08
Fee Lighter: 0 bp × 2 orders
$0
Fee HTX: 6 bp × 2 orders
−$12
Net
−$73.34
Spread needed to break even
0.711%
Slippage from Lighter: live order book, 41 min ago; HTX: live order book, 47 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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 41 min ago4.73 bp5.5 bp −$535.5 bp −$355doesn't fitdoesn't fit
Sell HTX live order book, 47 min ago10.21 bp39.4 bp −$39doesn't fitdoesn't fitdoesn't fit

OP price on every exchange

against the cheapest. Click to use as the short leg.
Coinbase International0.1248cheapestBybit0.1259+0.873%OKX0.1260+0.921%KuCoin0.1260+0.962%BingX0.1260+0.962%Gate0.1260+0.994%Binance0.1261+1.006%MEXC0.1261+1.034%Backpack0.1261+1.034%BloFin0.1261+1.034%Bitget0.1261+1.042%Orderly0.1261+1.042%Aevo0.1261+1.042%Extended0.1261+1.042%SoDEX0.1261+1.058%
HTX0.1261+1.074%
Reya0.1261+1.076%Hyperliquid0.1262+1.082%Aster0.1262+1.090%
Lighter0.1262+1.098%
GMX0.1262+1.103%Variational Omni0.1262+1.105%gTrade (Gains Network)0.1262+1.122%Deribit0.1262+1.122%dYdX0.1262+1.137%edgeX0.1262+1.138%Kraken Futures0.1263+1.211%ApeX Omni0.1264+1.282%Injective0.1276+2.244%

OP on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International OP-PERP-INTX−1.086%−0.0296%1h$22K$90K50xas long as short
Bybit OPUSDT−0.222%+0.0025%8h$17.8M$28.1M75xas long as short
OKX OP-USDT-SWAP−0.174%+0.0033%8h$6.0M$33.4M50xas long as short
KuCoin OPUSDTM−0.135%+0.0100%8h$2.9M$7.4M75xas long as short
BingX OP-USDC−0.135%+0.0100%8h—$1.6M—as long as short
Gate OP_USDT−0.103%+0.0100%8h$1.8M$1.8M50xas long as short
Binance OPUSDT−0.091%−0.0073%8h$21.0M$69.3M75xas long as short
MEXC OP_USDT−0.063%−0.0072%8h$20.1M$8.9M300xas long as short
Backpack OP_USDC_PERP−0.063%+0.0100%1h$137K$183K10xas long as short
BloFin OP-USDT−0.063%+0.0047%8h$1.1M$584K75xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget OPUSDT−0.055%+0.0100%8h$6.0M$6.5M75xas long as short
Orderly PERP_OP_USDC−0.055%−0.0077%8h$7K$53K10xas long as short
Aevo OP-PERP−0.055%+0.0064%1h$4K—3xas long as short
Extended OP-USD−0.055%−0.0072%1h$101K$212K25xas long as short
SoDEX OP-USD−0.040%+0.0100%1h$197$5K5xas long as short
HTX OP-USDTshort−0.024%+0.0100%8h$181K$277K50x
Reya OPRUSDPERP−0.021%+0.0431%1h$701—20xas long as short
Hyperliquid OP−0.016%+0.0100%1h$3.9M$3.3M5xas long as short
Aster OPUSDT−0.008%+0.0100%8h$214K$470K10xas long as short
Lighter OPlong0.000%+0.0096%1h$295K$837K15x
GMX OP/USD [OP-USDC]+0.005%L −0.1440% / S +0.0291%1h$13K—100xas long as short
Variational Omni OP+0.007%−0.0077%8h$232K$46K—as long as short
gTrade (Gains Network) OP/USD+0.024%L +0.0004% / S −0.0004%1h——150xas long as short
Deribit OP_USDC-PERPETUAL+0.024%0.0000%1h$47K$200K25xas long as short
dYdX OP-USD+0.039%0.0000%1h$39K$1010xas long as short
edgeX OPUSDC+0.040%+0.0100%4h$8K$380K10xas long as short
Kraken Futures PF_OPUSD+0.112%+0.0242%1h$783K$671K20xas long as short
ApeX Omni OPUSDT+0.182%+0.0100%1h$45K$712K50xas long as short
Injective OP/USDC PERP+1.133%+0.0248%1h$25K$184K12xas long as short