data as of
Settings8H · net · $10k
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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)+0.502%
7d average+0.078%if it closes, per $10,000$50funding while held, a day+$4.87
Long on Variational OmniShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni OP0.1256−0.0066get 0.0066% / 8h8m 28s$231K$46K—
ShortLighter OP0.12630.0096get 0.0012% / 1h8m 28s$295K$836K15x

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
$50.2
Funding while held
$4.87
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Lighter: 0 bp × 2 orders
$0
Net
$55.07
Spread needed to break even
0.000%
Slippage unknown: Variational Omni: RFQ quote, 42 min ago; Lighter: live order book, 34 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0162%
Per $10,000 a day
+$4.87
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, 42 min ago7.84 bpdoesn't fit31.3 bp −$313doesn't fitdoesn't fit
Sell Lighter live order book, 34 min ago4.73 bp8.3 bp −$847.0 bp −$470doesn't fitdoesn't fit

OP price on every exchange

against the cheapest. Click to use as the short leg.
Coinbase International0.1248cheapest
Variational Omni0.1256+0.665%
Orderly0.1258+0.801%Deribit0.1258+0.801%Aevo0.1258+0.832%GMX0.1258+0.840%gTrade (Gains Network)0.1259+0.849%edgeX0.1259+0.877%Backpack0.1259+0.881%ApeX Omni0.1259+0.881%SoDEX0.1259+0.889%BloFin0.1260+0.938%Kraken Futures0.1260+0.964%HTX0.1260+0.970%Bybit0.1261+1.042%Reya0.1261+1.075%Extended0.1261+1.081%OKX0.1262+1.106%dYdX0.1262+1.122%Gate0.1262+1.122%MEXC0.1262+1.122%KuCoin0.1262+1.122%Bitget0.1262+1.122%BingX0.1262+1.122%Aster0.1262+1.128%
Lighter0.1263+1.170%
Binance0.1263+1.182%Hyperliquid0.1263+1.234%Injective0.1276+2.244%

OP on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International OP-PERP-INTX−0.660%−0.0296%1h$22K$91K50xas long as short
Variational Omni OPlong0.000%−0.0066%8h$231K$46K—
Orderly PERP_OP_USDC+0.136%−0.0077%8h$7K$54K10xas long as short
Deribit OP_USDC-PERPETUAL+0.136%0.0000%1h$47K$200K25xas long as short
Aevo OP-PERP+0.166%+0.0056%1h$4K—3xas long as short
GMX OP/USD [OP-USDC]+0.174%L −0.1440% / S +0.0291%1h$13K—100xas long as short
gTrade (Gains Network) OP/USD+0.184%L +0.0004% / S −0.0004%1h$1K—150xas long as short
edgeX OPUSDC+0.211%+0.0100%4h$10K$377K10xas long as short
Backpack OP_USDC_PERP+0.215%+0.0100%1h$133K$180K10xas long as short
ApeX Omni OPUSDT+0.215%+0.0100%1h$45K$714K50xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
SoDEX OP-USD+0.223%+0.0100%1h$186$5K5xas long as short
BloFin OP-USDT+0.271%+0.0032%8h$1.1M$584K75xas long as short
Kraken Futures PF_OPUSD+0.297%+0.0243%1h$781K$672K20xas long as short
HTX OP-USDT+0.303%+0.0100%8h$180K$277K50xas long as short
Bybit OPUSDT+0.375%+0.0028%8h$17.8M$28.2M75xas long as short
Reya OPRUSDPERP+0.407%+0.0431%1h$701—20xas long as short
Extended OP-USD+0.413%−0.0088%1h$101K$213K25xas long as short
OKX OP-USDT-SWAP+0.438%+0.0037%8h$6.0M$33.4M50xas long as short
dYdX OP-USD+0.454%0.0000%1h$39K$1010xas long as short
Gate OP_USDT+0.454%+0.0100%8h$1.8M$1.8M50xas long as short
MEXC OP_USDT+0.454%−0.0088%8h$20.0M$8.8M300xas long as short
KuCoin OPUSDTM+0.454%+0.0100%8h$2.8M$7.3M75xas long as short
Bitget OPUSDT+0.454%+0.0100%8h$5.9M$6.5M75xas long as short
BingX OP-USDT+0.454%+0.0100%8h—$7.0M—as long as short
Aster OPUSDT+0.461%+0.0100%8h$213K$469K10xas long as short
Lighter OPshort+0.502%+0.0096%1h$295K$836K15x
Binance OPUSDT+0.514%−0.0086%8h$21.0M$69.3M75xas long as short
Hyperliquid OP+0.566%+0.0100%1h$3.9M$3.3M5xas long as short
Injective OP/USDC PERP+1.569%+0.0248%1h$25K$184K12xas long as short