data as of
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Price arb /

OP

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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.

Spread before costs (cost unknown: a leg has no order-book sample)+0.056%
7d average−0.003%if it closes, per $10,000$6funding while held, a day−$3.99
Long on OKXShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX OP-USDT-SWAP0.12350.0020pay 0.0020% / 8h5h 34m$5.6M$30.4M50x
ShortVariational Omni OP0.1236−0.0113pay 0.0113% / 8h5h 34m$224K$41K—

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
$5.61
Funding while held
−$3.99
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$8.37
Spread needed to break even
0.100%
Slippage unknown: OKX: live order book, 1 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0133%
Per $10,000 a day
−$3.99
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 OKX live order book, 1 min ago0.41 bp12.9 bp −$1325.5 bp −$255doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 1 min ago8.10 bpdoesn't fit16.2 bp −$162doesn't fitdoesn't fit

OP price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.1230cheapestCoinbase International0.1233+0.244%Bybit0.1235+0.382%
OKX0.1235+0.439%
Gate0.1235+0.439%BloFin0.1235+0.447%Extended0.1236+0.455%SoDEX0.1236+0.480%Binance0.1236+0.481%KuCoin0.1236+0.488%Bitget0.1236+0.488%BingX0.1236+0.488%Orderly0.1236+0.488%
Variational Omni0.1236+0.495%
dYdX0.1236+0.512%Reya0.1236+0.515%Aevo0.1236+0.519%Backpack0.1236+0.520%gTrade (Gains Network)0.1236+0.528%GMX0.1237+0.541%Lighter0.1237+0.545%Hyperliquid0.1237+0.553%MEXC0.1237+0.553%Aster0.1237+0.568%Deribit0.1237+0.569%Kraken Futures0.1237+0.587%HTX0.1237+0.593%edgeX0.1238+0.616%ApeX Omni0.1238+0.650%

OP on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective OP/USDC PERP−0.437%−0.1842%1h$34K$86K12xas long as short
Coinbase International OP-PERP-INTX−0.194%−0.0336%1h$21K$69K50xas long as short
Bybit OPUSDT−0.057%+0.0015%8h$18.1M$26.7M75xas long as short
OKX OP-USDT-SWAPlong0.000%+0.0020%8h$5.6M$30.4M50x
Gate OP_USDT0.000%+0.0054%8h$1.8M$1.5M50xas long as short
BloFin OP-USDT+0.008%+0.0206%8h$982K$314K75xas long as short
Extended OP-USD+0.016%+0.0088%1h$99K$206K25xas long as short
SoDEX OP-USD+0.040%+0.0100%1h$201$6K5xas long as short
Binance OPUSDT+0.041%+0.0086%8h$19.6M$65.6M75xas long as short
KuCoin OPUSDTM+0.049%+0.0100%8h$2.9M$7.4M75xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget OPUSDT+0.049%+0.0100%8h$6.0M$6.2M75xas long as short
BingX OP-USDC+0.049%+0.0100%8h—$1.6M—as long as short
Orderly PERP_OP_USDC+0.049%−0.0043%8h$6K$54K10xas long as short
Variational Omni OPshort+0.056%−0.0113%8h$224K$41K—
dYdX OP-USD+0.073%0.0000%1h$38K$1010xas long as short
Reya OPRUSDPERP+0.076%+0.0433%1h$687—20xas long as short
Aevo OP-PERP+0.079%+0.0104%1h$4K—3xas long as short
Backpack OP_USDC_PERP+0.081%+0.0100%1h$127K$199K10xas long as short
gTrade (Gains Network) OP/USD+0.089%L +0.0004% / S −0.0004%1h——150xas long as short
GMX OP/USD [OP-USDC]+0.101%L −0.1162% / S +0.0245%1h$13K—100xas long as short
Lighter OP+0.105%+0.0096%1h$266K$905K15xas long as short
Hyperliquid OP+0.113%+0.0100%1h$3.8M$3.1M5xas long as short
MEXC OP_USDT+0.113%+0.0086%8h$19.5M$7.4M300xas long as short
Aster OPUSDT+0.128%+0.0100%8h$212K$268K10xas long as short
Deribit OP_USDC-PERPETUAL+0.130%+0.0559%1h$43K$186K25xas long as short
Kraken Futures PF_OPUSD+0.147%+0.0545%1h$768K$788K20xas long as short
HTX OP-USDT+0.154%+0.0100%8h$176K$260K50xas long as short
edgeX OPUSDC+0.176%+0.0100%4h$9K$378K10xas long as short
ApeX Omni OPUSDT+0.210%+0.0100%1h$44K$719K50xas long as short