ArbiLayer

OP arbitrage

live

Live Optimism price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread+0.13%Bybit → HTX · Perp–Perp
Best perp–perp spread+0.29%Bybit → HTX
Markets tracked1811 venues · 11 perp · 7 spot · 0 DEX
Price range0.37%$0.1212 – $0.1216

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bybit logoBybit$0.1212HTX logoHTX$0.1215 +0.29%+0.13% +0.30%— +0.039%— LS Chart →
Binance logoBinance$0.1212HTX logoHTX$0.1215 +0.28%+0.12% +0.30%— +0.072%— LS Chart →
MEXC logoMEXC$0.1212HTX logoHTX$0.1215 +0.28%+0.12% +0.30%— +0.072%— LS Chart →
OKX logoOKX$0.1212HTX logoHTX$0.1215 +0.26%+0.10% +0.28%— +0.044%— LS Chart →
Gate logoGate$0.1212HTX logoHTX$0.1215 +0.25%+0.09% +0.27%— +0.062%— LS Chart →
Aster logoAster$0.1212HTX logoHTX$0.1215 +0.22%+0.06% +0.22%— 0.000%— LS Chart →
Hyperliquid logoHyperliquid$0.1213HTX logoHTX$0.1215 +0.21%+0.05% +0.21%— 0.000%— LS Chart →
Bitget logoBitget$0.1213HTX logoHTX$0.1215 +0.17%+0.01% +0.17%— 0.000%— LS Chart →
Variational logoVariational$0.1213HTX logoHTX$0.1215 +0.17%+0.01% +0.19%— +0.036%— LS Chart →
KuCoin logoKuCoin$0.1213HTX logoHTX$0.1215 +0.17%+0.01% +0.17%— 0.000%— LS Chart →
Bybit logoBybit$0.1212Bitget logoBitget$0.1212 +0.03%-0.13% +0.05%— +0.039%— LS Chart →
Bybit logoBybit$0.1212Gate logoGate$0.1212 +0.03%-0.13% +0.03%— -0.023%— LS Chart →
Bybit logoBybit$0.1212KuCoin logoKuCoin$0.1212 +0.03%-0.13% +0.05%— +0.039%— LS Chart →
Binance logoBinance$0.1212Bitget logoBitget$0.1212 +0.02%-0.14% +0.05%— +0.072%— LS Chart →
Binance logoBinance$0.1212Gate logoGate$0.1212 +0.02%-0.14% +0.03%— +0.010%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

OP price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Bybit logoBybitPerpetual · OPUSDTPerpetual $0.1211$0.1212$0.1212-0.08% -0.009%$16.83M
OKX logoOKXPerpetual · OP-USDT-SWAPPerpetual $0.1212$0.1212$0.1212-0.06% -0.014%$16.71M
Gate logoGatePerpetual · OP_USDTPerpetual $0.1212$0.1212$0.1212-0.04% -0.032%$9.20M
MEXC logoMEXCPerpetual · OP_USDTPerpetual $0.1212$0.1212$0.1212-0.07% -0.042%$7.09M
Bitget logoBitgetPerpetual · OPUSDTPerpetual $0.1212$0.1213$0.12130.00% +0.030%$5.23M
OKX logoOKXSpot · OP-USDTSpot $0.1213$0.1213$0.1213+0.02% —$3.06M
Bybit logoBybitSpot · OPUSDTSpot $0.1213$0.1213$0.1213+0.04% —$1.89M
KuCoin logoKuCoinPerpetual · OPUSDTMPerpetual $0.1212$0.1213$0.12130.00% +0.030%$1.54M
Hyperliquid logoHyperliquidPerpetual · OPPerpetual $0.1211$0.1213$0.1212-0.04% +0.030%$824.9K
KuCoin logoKuCoinSpot · OP-USDTSpot $0.1212$0.1214$0.1213+0.04% —$490.5K
Gate logoGateSpot · OP_USDTSpot $0.1213$0.1213$0.1213+0.02% —$465.4K
Bitget logoBitgetSpot · OPUSDTSpot $0.1213$0.1214$0.1214+0.08% —$291.2K
HTX logoHTXPerpetual · OP-USDTPerpetual $0.1215$0.1217$0.1216+0.29% +0.030%$86.2K
Variational logoVariationalPerpetual · OPPerpetual $0.1211$0.1213$0.1212-0.04% -0.006%$56.4K
Binance logoBinancePerpetual · OPUSDTPerpetual $0.1212$0.1212$0.1212-0.07% -0.042%—
Aster logoAsterPerpetual · OPUSDTPerpetual $0.1212$0.1212$0.1212-0.05% +0.030%—
Binance logoBinanceSpot · OPUSDTSpot $0.1212$0.1213$0.12130.00% ——
MEXC logoMEXCSpot · OPUSDTSpot $0.1212$0.1213$0.1213+0.02% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

OP arbitrage explained

Right now Optimism (OP) trades on 11 venues we scan: 11 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.1212 and the highest bid on HTX perp at $0.1215.

The widest OP perpetual spread is between Bybit and HTX: long OP on Bybit at $0.1212 and short on HTX at $0.1215 for +0.29% gross, or +0.13% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.039% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best OP route is to buy spot on OKX and short the perpetual on HTX: +0.19% gross, -0.01% net, with +0.030% a day of funding on the short leg.

Spot–spot OP arbitrage (buy on OKX, withdraw, deposit and sell on Bitget) shows +0.02% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small OP gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: OP funding rates · OP spread charts · Optimism price · arbitrage scanner for all coins.

Is there a OP arbitrage opportunity right now?

The best OP route right now is to buy on Bybit → sell on HTX (Perp–Perp): +0.29% gross and +0.13% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest OP?

Bybit (perp) has the lowest OP ask at $0.1212, and HTX (perp) the highest bid at $0.1215. Prices update every 15 seconds on this page.

How many exchanges list OP?

ArbiLayer tracks 18 OP markets on 11 venues: 11 perpetual, 7 spot and 0 DEX pools.

How do I arbitrage OP without transferring coins?

Use two perpetual contracts: go long OP on the cheaper exchange (Bybit now) and short it on the more expensive one (HTX), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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