Settings8H · net · $10k
Funding arb · Price arb /

OP

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bitget against ApeX Omni−0.078%103s7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$710.708% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.030%−$3 on $10k
Price spread, last 3 days (all we have)−0.163%−$16 · spread now −0.078%, 7d avg −0.050%
Together, before fees−0.192%−$19 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.028% cheaper against ApeX Omni than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.050%. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni OPUSDT0.12800.0100pay 0.0013% / 1h33m 51s$46K$721K50x
ShortBitget OPUSDT0.12790.0100get 0.0100% / 8h33m 51s$6.1M$6.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against ApeX Omni. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.078% → −0.050%
−$2.81
Slippage, 4 orders
−$48.84
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$73.64
Costs to cover
0.708%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 45 min ago; Bitget: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 45 min ago11.72 bp21.6 bp −$22124.6 bp −$1,246doesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago3.90 bp17.6 bp −$1831.4 bp −$31491.3 bp −$9,133doesn't fit

OP on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective OP/USDC PERP−0.1633%1h0.1273−0.547%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1279−0.074%$13K100xas long as short
Deribit OP_USDC-PERPETUAL−0.0532%1h0.1278−0.156%$42K$171K25xas long as short
Coinbase International OP-PERP-INTX−0.0344%1h0.1276−0.313%$21K$65K50xas long as short
dYdX OP-USD0.0000%1h0.1281+0.062%$40K$51910xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1279−0.061%150xas long as short
Orderly PERP_OP_USDC+0.0064%8h0.1279−0.078%$6K$50K10xas long as short
Variational Omni OP+0.0072%8h0.1276−0.289%$234K$54Kas long as short
Lighter OP+0.0096%1h0.1280+0.023%$291K$922K15xas long as short
Hyperliquid OP+0.0100%1h0.1280−0.016%$4.1M$2.9M5xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPUSDT+0.0100%8h0.1279−0.061%$214K$241K10xas long as short
Binance OPUSDT+0.0100%8h0.1279−0.091%$20.7M$61.8M75xas long as short
Bybit OPUSDT+0.0100%8h0.1278−0.156%$18.5M$25.8M75xas long as short
OKX OP-USDT-SWAP+0.0100%8h0.1278−0.141%$6.1M$30.5M50xas long as short
Gate OP_USDT+0.0100%8h0.1280−0.039%$2.0M$1.5M50xas long as short
MEXC OP_USDT+0.0100%8h0.1279−0.086%$20.2M$7.3M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1278−0.156%$2.9M$7.4M75xas long as short
Bitget OPUSDTshort+0.0100%8h0.1279−0.078%$6.1M$6.3M75x
BingX OP-USDC+0.0100%8h0.1279−0.078%$1.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1279−0.109%$124K$189K10xas long as short
edgeX OPUSDC+0.0100%4h0.1279−0.110%$9K$383K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1278−0.156%$319K$5.0M10xas long as short
ApeX Omni OPUSDTlong+0.0100%1h0.1280long leg$46K$721K50x
SoDEX OP-USD+0.0100%1h0.1279−0.094%$200$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1280+0.008%$177K$235K50xas long as short
Extended OP-USD+0.0104%1h0.1279−0.088%$102K$186K25xas long as short
Aevo OP-PERP+0.0104%1h0.1279−0.090%$4K3xas long as short
BloFin OP-USDT+0.0220%8h0.1280+0.016%$1.0M$291K75xas long as short
Kraken Futures PF_OPUSD+0.0357%1h0.1280+0.012%$801K$746K20xas long as short
Reya OPRUSDPERP+0.0437%1h0.1278−0.150%$71120xas long as short