data as of
Settings8H · net · $10k
Price arb /

OP

all OP markets
SwapFunding view
Alert
After costs, if the gap returns to its 7d average, $10k−$41
spread now−0.002%7d average−0.075%fees + slippage, in and out−$49spread needed0.486%
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC OP_USDT0.1267−0.0004get 0.0004% / 8h7h 02m$20.1M$8.9M300x
ShortExtended OP-USD0.1267−0.0008pay 0.0001% / 1h2m 36s$101K$208K25x

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
−$0.23
Funding while held
−$0.12
Slippage, 4 orders
−$43.64
Fee MEXC: 0 bp × 2 orders
$0
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$48.99
Spread needed to break even
0.486%
Slippage from MEXC: live order book, 3 min ago; Extended: live order book, 41 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 MEXC live order book, 3 min ago0.39 bp2.3 bp −$28.9 bp −$8954.0 bp −$5,398109.0 bp −$54.5K
Sell Extended live order book, 41 min ago11.82 bp21.0 bp −$21145.6 bp −$1,456doesn't fitdoesn't fit

OP price on every exchange

against the cheapest. Click to use as the short leg.

OP on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International OP-PERP-INTX−0.821%−0.0304%1h$22K$83K50xas long as short
ApeX Omni OPUSDT−0.110%+0.0100%1h$45K$713K50xas long as short
Bybit OPUSDT−0.087%−0.0267%8h$18.0M$26.8M75xas long as short
Gate OP_USDT−0.047%+0.0100%8h$1.8M$1.6M50xas long as short
Bitget OPUSDT−0.032%+0.0100%8h$6.0M$6.3M75xas long as short
BingX OP-USDC−0.032%+0.0100%8h$1.6Mas long as short
Orderly PERP_OP_USDC−0.032%−0.0073%8h$7K$53K10xas long as short
BloFin OP-USDT−0.032%+0.0116%8h$1.0M$582K75xas long as short
Reya OPRUSDPERP−0.028%+0.0432%1h$70520xas long as short
Variational Omni OP−0.021%−0.0138%8h$234K$43Kas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Binance OPUSDT−0.016%−0.0005%8h$20.7M$67.8M75xas long as short
Extended OP-USDshort−0.002%−0.0008%1h$101K$208K25x
MEXC OP_USDTlong0.000%−0.0004%8h$20.1M$8.9M300x
OKX OP-USDT-SWAP+0.008%+0.0019%8h$6.0M$32.8M50xas long as short
Aevo OP-PERP+0.008%+0.0080%1h$4K3xas long as short
SoDEX OP-USD+0.008%+0.0100%1h$178$5K5xas long as short
KuCoin OPUSDTM+0.047%+0.0100%8h$2.9M$7.4M75xas long as short
Deribit OP_USDC-PERPETUAL+0.047%0.0000%1h$47K$200K25xas long as short
dYdX OP-USD+0.055%0.0000%1h$39K$1010xas long as short
Lighter OP+0.063%+0.0096%1h$284K$900K15xas long as short
Backpack OP_USDC_PERP+0.063%+0.0100%1h$135K$188K10xas long as short
HTX OP-USDT+0.071%+0.0100%8h$180K$266K50xas long as short
gTrade (Gains Network) OP/USD+0.080%L +0.0004% / S −0.0004%1h150xas long as short
GMX OP/USD [OP-USDC]+0.095%L −0.1436% / S +0.0290%1h$13K100xas long as short
Hyperliquid OP+0.142%+0.0100%1h$4.0M$3.3M5xas long as short
Kraken Futures PF_OPUSD+0.150%+0.0469%1h$788K$677K20xas long as short
edgeX OPUSDC+0.153%+0.0100%4h$10K$379K10xas long as short
Aster OPUSDT+0.154%+0.0100%8h$213K$465K10xas long as short
Injective OP/USDC PERP+0.679%+0.0033%1h$25K$184K12xas long as short