Funding you earn now, next payment 03:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.003%
Price spread now: BloFin against ApeX Omni−0.368%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$620.616% of the position
Funding, last 7 days+0.144%+$14 on $10k
+Price spread, last 4 days (all we have)+0.919%+$92 · spread now −0.368%, 7d avg −0.036%
=Funding pays, the price is against you. BloFin is 0.332% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.368% now, against its 7-day average of −0.036%). If the spread goes back, that is −$33 on $10k: about 9.2 days of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni OPUSDT | 0.1278 | 0.0100 | pay 0.0013% / 1h | 14m 36s | $44K | $706K | 50x |
| Short | BloFin OP-USDT | 0.1273 | 0.0220 | get 0.0220% / 8h | 5h 14m | $1.0M | $282K | 75x |
ApeX Omni OPUSDT
BloFin OP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $25.2
- Price spread: −0.368% → −0.036%
- −$33.16
- Slippage, 4 orders
- −$39.64
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$69.6
- Costs to cover
- 0.616%
- Break-even
- 26.3 days
Slippage from ApeX Omni: live order book, 49 min ago; BloFin: live order book, 2 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy ApeX Omni live order book, 49 min ago | 7.91 bp | 17.7 bp −$18 | 113.1 bp −$1,131 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 7.05 bp | 13.7 bp −$14 | 20.5 bp −$205 | 59.0 bp −$5,899 | doesn't fit |
OP on 30 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1488% | 1h | 0.1269 | −0.704% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1273 | −0.384% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1272 | −0.474% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1273 | −0.391% | $42K | $151K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1273 | −0.377% | — | — | 150x | as long as short |
| OKX OP-USDT-SWAP | +0.0028% | 8h | 0.1270 | −0.595% | $6.2M | $29.0M | 50x | as long as short |
| Variational Omni OP | +0.0048% | 8h | 0.1275 | −0.250% | $225K | $50K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0053% | 8h | 0.1273 | −0.391% | $6K | $45K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1272 | −0.501% | $281K | $936K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1272 | −0.438% | $3.7M | $3.0M | 5x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
OKX OP-USDT-SWAP
Variational Omni OP
Orderly PERP_OP_USDC
Lighter OP
Hyperliquid OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.0100% | 8h | 0.1272 | −0.442% | $213K | $229K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1271 | −0.569% | $20.6M | $60.6M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1270 | −0.595% | $18.6M | $25.3M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1272 | −0.485% | $2.0M | $1.6M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1272 | −0.493% | $21.0M | $7.1M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1270 | −0.626% | $2.9M | $6.7M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1271 | −0.548% | $5.9M | $6.5M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1271 | −0.548% | — | $6.3M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1272 | −0.501% | $121K | $194K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1277 | −0.048% | $4K | $389K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1278 | +0.015% | $315K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDTlong | +0.0100% | 1h | 0.1278 | long leg | $44K | $706K | 50x | |
| SoDEX OP-USD | +0.0100% | 1h | 0.1273 | −0.407% | $174 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1273 | −0.368% | $176K | $216K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1270 | −0.625% | $106K | $389K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1273 | −0.391% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0152% | 1h | 0.1278 | 0.000% | $25K | $71K | 50x | as long as short |
| BloFin OP-USDTshort | +0.0220% | 8h | 0.1273 | −0.368% | $1.0M | $282K | 75x | |
| Reya OPRUSDPERP | +0.0440% | 1h | 0.1272 | −0.433% | $708 | — | 20x | as long as short |
| Kraken Futures PF_OPUSD | +0.0487% | 1h | 0.1274 | −0.337% | $804K | $572K | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
Reya OPRUSDPERP
Kraken Futures PF_OPUSD