data as of
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Price arb /

OP

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Spread before costs (cost unknown: a leg has no order-book sample)+0.169%
7d average+0.137%if it closes, per $10,000$17funding while held, a day+$19.49
Long on Variational OmniShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni OP0.1235−0.0105get 0.0105% / 8h5h 26m$224K$41K—
ShortKraken Futures PF_OPUSD0.12370.0545get 0.0068% / 1h26m 57s$767K$789K20x

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
$16.89
Funding while held
$19.49
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$26.38
Spread needed to break even
0.100%
Slippage unknown: Variational Omni: RFQ quote, 8 min ago; Kraken Futures: live order book, 8 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0650%
Per $10,000 a day
+$19.49
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 Variational Omni RFQ quote, 8 min ago8.10 bpdoesn't fit24.3 bp −$243doesn't fitdoesn't fit
Sell Kraken Futures live order book, 8 min ago15.75 bp35.4 bp −$35158.7 bp −$1,587doesn't fitdoesn't fit

OP price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.1232cheapestBybit0.1234+0.138%Extended0.1234+0.143%Binance0.1234+0.179%MEXC0.1234+0.179%OKX0.1234+0.195%Gate0.1235+0.227%
Variational Omni0.1235+0.228%
KuCoin0.1235+0.244%Bitget0.1235+0.244%BingX0.1235+0.244%Coinbase International0.1235+0.244%Backpack0.1235+0.252%Reya0.1235+0.265%SoDEX0.1235+0.268%dYdX0.1235+0.279%BloFin0.1235+0.284%HTX0.1236+0.292%Aevo0.1236+0.293%Lighter0.1236+0.300%Hyperliquid0.1236+0.308%Orderly0.1236+0.325%Deribit0.1236+0.325%GMX0.1236+0.334%gTrade (Gains Network)0.1236+0.353%Aster0.1236+0.364%
Kraken Futures0.1237+0.397%
edgeX0.1238+0.475%ApeX Omni0.1238+0.487%

OP on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective OP/USDC PERP−0.227%−0.1842%1h$34K$86K12xas long as short
Bybit OPUSDT−0.090%+0.0047%8h$18.1M$26.7M75xas long as short
Extended OP-USD−0.085%+0.0096%1h$99K$206K25xas long as short
Binance OPUSDT−0.049%+0.0096%8h$19.5M$65.5M75xas long as short
MEXC OP_USDT−0.049%+0.0096%8h$19.5M$7.4M300xas long as short
OKX OP-USDT-SWAP−0.033%+0.0027%8h$5.6M$30.3M50xas long as short
Gate OP_USDT0.000%+0.0026%8h$1.8M$1.5M50xas long as short
Variational Omni OPlong0.000%−0.0105%8h$224K$41K—
KuCoin OPUSDTM+0.016%+0.0100%8h$3.0M$7.4M75xas long as short
Bitget OPUSDT+0.016%+0.0100%8h$6.0M$6.2M75xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BingX OP-USDC+0.016%+0.0100%8h—$1.6M—as long as short
Coinbase International OP-PERP-INTX+0.016%−0.0336%1h$21K$69K50xas long as short
Backpack OP_USDC_PERP+0.024%+0.0100%1h$127K$198K10xas long as short
Reya OPRUSDPERP+0.037%+0.0433%1h$687—20xas long as short
SoDEX OP-USD+0.040%+0.0100%1h$193$6K5xas long as short
dYdX OP-USD+0.051%0.0000%1h$38K$1010xas long as short
BloFin OP-USDT+0.056%+0.0216%8h$979K$314K75xas long as short
HTX OP-USDT+0.064%+0.0100%8h$176K$259K50xas long as short
Aevo OP-PERP+0.065%+0.0104%1h$4K—3xas long as short
Lighter OP+0.072%+0.0096%1h$266K$907K15xas long as short
Hyperliquid OP+0.081%+0.0100%1h$3.8M$3.1M5xas long as short
Orderly PERP_OP_USDC+0.097%−0.0040%8h$6K$53K10xas long as short
Deribit OP_USDC-PERPETUAL+0.097%0.0000%1h$43K$186K25xas long as short
GMX OP/USD [OP-USDC]+0.106%L −0.1162% / S +0.0245%1h$13K—100xas long as short
gTrade (Gains Network) OP/USD+0.125%L +0.0004% / S −0.0004%1h——150xas long as short
Aster OPUSDT+0.136%+0.0100%8h$212K$268K10xas long as short
Kraken Futures PF_OPUSDshort+0.169%+0.0545%1h$767K$789K20x
edgeX OPUSDC+0.247%+0.0100%4h$8K$379K10xas long as short
ApeX Omni OPUSDT+0.259%+0.0100%1h$44K$720K50xas long as short