After costs, if the gap returns to its 7d average, $10k−$85
spread now−0.172%7d average−0.056%fees + slippage, in and out−$74spread needed0.736%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter OP | 0.1280 | 0.0096 | pay 0.0012% / 1h | 29m 52s | $371K | $750K | 15x |
| Short | KuCoin OPUSDTM | 0.1278 | 0.0100 | get 0.0100% / 8h | 1h 29m | $2.9M | $6.8M | 75x |
Lighter OP
KuCoin OPUSDTMPrice 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
- −$17.18
- Funding while held
- $0.12
- Slippage, 4 orders
- −$61.62
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$90.68
- Spread needed to break even
- 0.736%
Slippage from Lighter: live order book, 17 min ago; KuCoin: live order book, 4 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 Lighter live order book, 17 min ago | 5.12 bp | 7.0 bp −$7 | 45.7 bp −$457 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 3.91 bp | 22.7 bp −$23 | 67.1 bp −$671 | doesn't fit | doesn't fit |
OP price on every exchange
against the cheapest. Click to use as the short leg.Bybit0.1277cheapestExtended0.1277+0.015%Coinbase International0.1277+0.016%OKX0.1277+0.047%Aevo0.1278+0.055%Reya0.1278+0.057%BingX0.1278+0.063%Backpack0.1278+0.070%Binance0.1278+0.086%
Bybit
Extended
Coinbase International
OKX
Aevo
Reya
BingX
Backpack
BinanceKuCoin0.1278+0.094%
Bitget0.1278+0.094%Orderly0.1278+0.094%Deribit0.1278+0.094%MEXC0.1278+0.102%SoDEX0.1278+0.102%Gate0.1278+0.110%dYdX0.1279+0.144%Hyperliquid0.1279+0.149%Variational Omni0.1279+0.153%edgeX0.1279+0.172%Aster0.1279+0.183%HTX0.1279+0.204%GMX0.1280+0.227%gTrade (Gains Network)0.1280+0.229%Kraken Futures0.1280+0.238%ApeX Omni0.1280+0.251%
Bitget
Orderly
Deribit
MEXC
SoDEX
Gate
dYdX
Hyperliquid
Variational Omni
Aster
HTX
GMX
gTrade (Gains Network)
Kraken Futures
ApeX OmniLighter0.1280+0.266%
BloFin0.1280+0.274%Injective0.1297+1.582%
BloFin
InjectiveOP on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit OPUSDT | −0.266% | +0.0008% | 8h | $17.9M | $27.0M | 75x | as long as short |
| Extended OP-USD | −0.251% | −0.0136% | 1h | $102K | $214K | 25x | as long as short |
| Coinbase International OP-PERP-INTX | −0.250% | −0.0328% | 1h | $28K | $84K | 50x | as long as short |
| OKX OP-USDT-SWAP | −0.219% | +0.0083% | 8h | $6.1M | $32.3M | 50x | as long as short |
| Aevo OP-PERP | −0.211% | +0.0048% | 1h | $4K | — | 3x | as long as short |
| Reya OPRUSDPERP | −0.209% | +0.0430% | 1h | $710 | — | 20x | as long as short |
| BingX OP-USDT | −0.203% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| Backpack OP_USDC_PERP | −0.195% | +0.0100% | 1h | $133K | $163K | 10x | as long as short |
| Binance OPUSDT | −0.180% | −0.0139% | 8h | $20.7M | $64.8M | 75x | as long as short |
| KuCoin OPUSDTMshort | −0.172% | +0.0100% | 8h | $2.9M | $6.8M | 75x |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget OPUSDT | −0.172% | +0.0100% | 8h | $6.0M | $6.1M | 75x | as long as short |
| Orderly PERP_OP_USDC | −0.172% | −0.0073% | 8h | $7K | $53K | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.172% | −0.0532% | 1h | $48K | $201K | 25x | as long as short |
| MEXC OP_USDT | −0.164% | −0.0139% | 8h | $20.2M | $8.8M | 300x | as long as short |
| SoDEX OP-USD | −0.164% | +0.0100% | 1h | $164 | $5K | 5x | as long as short |
| Gate OP_USDT | −0.156% | +0.0100% | 8h | $1.8M | $1.7M | 50x | as long as short |
| dYdX OP-USD | −0.122% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| Hyperliquid OP | −0.117% | +0.0100% | 1h | $4.1M | $3.1M | 5x | as long as short |
| Variational Omni OP | −0.113% | −0.0063% | 8h | $236K | $45K | — | as long as short |
| edgeX OPUSDC | −0.094% | +0.0100% | 4h | $4K | $408K | 10x | as long as short |
| Aster OPUSDT | −0.083% | +0.0100% | 8h | $201K | $433K | 10x | as long as short |
| HTX OP-USDT | −0.062% | +0.0100% | 8h | $193K | $243K | 50x | as long as short |
| GMX OP/USD [OP-USDC] | −0.039% | L −0.1469% / S +0.0291% | 1h | $13K | — | 100x | as long as short |
| gTrade (Gains Network) OP/USD | −0.037% | L +0.0005% / S −0.0004% | 1h | $1K | — | 150x | as long as short |
| Kraken Futures PF_OPUSD | −0.028% | +0.0142% | 1h | $789K | $662K | 20x | as long as short |
| ApeX Omni OPUSDT | −0.016% | +0.0100% | 1h | $46K | $711K | 50x | as long as short |
| Lighter OPlong | 0.000% | +0.0096% | 1h | $371K | $750K | 15x | |
| BloFin OP-USDT | +0.008% | −0.0019% | 8h | $1.0M | $583K | 75x | as long as short |
| Injective OP/USDC PERP | +1.312% | +0.0033% | 1h | $25K | $185K | 12x | as long as short |