After costs, if the gap returns to its 7d average, $10k−$79
spread now+0.119%7d average+0.125%fees + slippage, in and out−$78spread needed0.782%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX OP-USDT-SWAP | 0.1275 | 0.0044 | pay 0.0044% / 8h | 50m 22s | $6.1M | $32.8M | 50x |
| Short | Kraken Futures PF_OPUSD | 0.1276 | 0.0240 | get 0.0030% / 1h | 50m 22s | $787K | $660K | 20x |
OKX OP-USDT-SWAP
Kraken Futures PF_OPUSDPrice 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
- $11.94
- Funding while held
- $5.87
- Slippage, 4 orders
- −$58.24
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$60.43
- Spread needed to break even
- 0.782%
Slippage from OKX: live order book, 5 min ago; Kraken Futures: live order book, 64 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0196%
- Per $10,000 a day
- +$5.87
- 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 OKX live order book, 5 min ago | 0.39 bp | 9.7 bp −$10 | 25.1 bp −$251 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 64 min ago | 12.12 bp | 20.7 bp −$21 | 75.7 bp −$757 | doesn't fit | doesn't fit |
OP price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International0.1270cheapestVariational Omni0.1272+0.149%edgeX0.1273+0.269%Bybit0.1274+0.346%Extended0.1275+0.369%
Coinbase International
Variational Omni
Bybit
ExtendedOKX0.1275+0.386%
SoDEX0.1275+0.386%Orderly0.1275+0.394%Aevo0.1275+0.394%Deribit0.1275+0.394%Aster0.1275+0.395%Reya0.1275+0.395%GMX0.1275+0.408%Binance0.1275+0.415%Gate0.1275+0.425%HTX0.1275+0.425%MEXC0.1275+0.433%Lighter0.1276+0.441%gTrade (Gains Network)0.1276+0.449%dYdX0.1276+0.470%KuCoin0.1276+0.472%Bitget0.1276+0.472%BingX0.1276+0.472%ApeX Omni0.1276+0.472%Injective0.1276+0.472%
SoDEX
Orderly
Aevo
Deribit
Aster
Reya
GMX
Binance
Gate
HTX
MEXC
Lighter
gTrade (Gains Network)
dYdX
KuCoin
Bitget
BingX
ApeX Omni
InjectiveKraken Futures0.1276+0.506%
Hyperliquid0.1277+0.543%BloFin0.1277+0.559%Backpack0.1278+0.606%
Hyperliquid
BloFin
BackpackOP on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International OP-PERP-INTX | −0.384% | −0.0296% | 1h | $28K | $84K | 50x | as long as short |
| Variational Omni OP | −0.236% | −0.0065% | 8h | $235K | $45K | — | as long as short |
| edgeX OPUSDC | −0.116% | +0.0100% | 4h | $9K | $379K | 10x | as long as short |
| Bybit OPUSDT | −0.039% | +0.0018% | 8h | $17.9M | $27.3M | 75x | as long as short |
| Extended OP-USD | −0.017% | −0.0128% | 1h | $102K | $214K | 25x | as long as short |
| OKX OP-USDT-SWAPlong | 0.000% | +0.0044% | 8h | $6.1M | $32.8M | 50x | |
| SoDEX OP-USD | 0.000% | +0.0100% | 1h | $181 | $5K | 5x | as long as short |
| Orderly PERP_OP_USDC | +0.008% | −0.0082% | 8h | $7K | $52K | 10x | as long as short |
| Aevo OP-PERP | +0.008% | +0.0048% | 1h | $4K | — | 3x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.008% | 0.0000% | 1h | $49K | $199K | 25x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.009% | +0.0100% | 8h | $201K | $433K | 10x | as long as short |
| Reya OPRUSDPERP | +0.009% | +0.0431% | 1h | $709 | — | 20x | as long as short |
| GMX OP/USD [OP-USDC] | +0.022% | L −0.1469% / S +0.0291% | 1h | $13K | — | 100x | as long as short |
| Binance OPUSDT | +0.029% | −0.0131% | 8h | $20.9M | $65.8M | 75x | as long as short |
| Gate OP_USDT | +0.039% | +0.0100% | 8h | $1.8M | $1.6M | 50x | as long as short |
| HTX OP-USDT | +0.039% | +0.0100% | 8h | $192K | $247K | 50x | as long as short |
| MEXC OP_USDT | +0.047% | −0.0134% | 8h | $20.2M | $8.5M | 300x | as long as short |
| Lighter OP | +0.055% | +0.0096% | 1h | $299K | $827K | 15x | as long as short |
| gTrade (Gains Network) OP/USD | +0.063% | L +0.0005% / S −0.0004% | 1h | $1K | — | 150x | as long as short |
| dYdX OP-USD | +0.084% | 0.0000% | 1h | $39K | $10 | 10x | as long as short |
| KuCoin OPUSDTM | +0.086% | +0.0100% | 8h | $2.8M | $6.9M | 75x | as long as short |
| Bitget OPUSDT | +0.086% | +0.0100% | 8h | $5.9M | $6.2M | 75x | as long as short |
| BingX OP-USDC | +0.086% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| ApeX Omni OPUSDT | +0.086% | +0.0100% | 1h | $46K | $713K | 50x | as long as short |
| Injective OP/USDC PERP | +0.086% | +0.0248% | 1h | $25K | $184K | 12x | as long as short |
| Kraken Futures PF_OPUSDshort | +0.119% | +0.0240% | 1h | $787K | $660K | 20x | |
| Hyperliquid OP | +0.157% | +0.0100% | 1h | $4.1M | $3.1M | 5x | as long as short |
| BloFin OP-USDT | +0.173% | −0.0014% | 8h | $1.1M | $585K | 75x | as long as short |
| Backpack OP_USDC_PERP | +0.220% | +0.0100% | 1h | $133K | $168K | 10x | as long as short |