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

OP

all OP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Gate against ApeX Omni+0.158%7-day average −0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$810.815% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.144%−$14 on $10k
Price spread, last 4 days (all we have)−0.617%−$62 · spread now +0.158%, 7d avg −0.060%
Together, before fees−0.761%−$76 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: Gate is 0.218% dearer against ApeX Omni than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.060%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni OPUSDT0.12640.0100pay 0.0013% / 1h43m 26s$43K$706K50x
ShortGate OP_USDT0.12660.0100get 0.0100% / 8h5h 43m$2.0M$1.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: +0.158% → −0.060%
$21.81
Slippage, 4 orders
−$56.48
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$59.67
Costs to cover
0.815%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 20 min ago; Gate: 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, 20 min ago7.91 bp17.7 bp −$18113.1 bp −$1,131doesn't fitdoesn't fit
Sell Gate live order book, 4 min ago3.96 bp26.4 bp −$2663.5 bp −$635doesn't fitdoesn'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−0.1488%1h0.1258−0.475%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1267+0.231%$13K100xas long as short
dYdX OP-USD0.0000%1h0.1265+0.060%$39K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1267+0.237%$42K$151K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1266+0.196%150xas long as short
OKX OP-USDT-SWAP+0.0034%8h0.1267+0.245%$6.1M$29.1M50xas long as short
Variational Omni OP+0.0048%8h0.1261−0.219%$223K$50Kas long as short
Orderly PERP_OP_USDC+0.0054%8h0.1266+0.158%$6K$45K10xas long as short
Lighter OP+0.0096%1h0.1265+0.119%$281K$934K15xas long as short
Hyperliquid OP+0.0100%1h0.1266+0.190%$3.7M$3.0M5xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPUSDT+0.0100%8h0.1265+0.072%$211K$229K10xas long as short
Binance OPUSDT+0.0100%8h0.1266+0.154%$20.5M$60.6M75xas long as short
Bybit OPUSDT+0.0100%8h0.1266+0.182%$18.4M$25.3M75xas long as short
Gate OP_USDTshort+0.0100%8h0.1266+0.158%$2.0M$1.5M50x
MEXC OP_USDT+0.0100%8h0.1266+0.134%$20.7M$6.9M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.12640.000%$2.9M$6.7M75xas long as short
Bitget OPUSDT+0.0100%8h0.1267+0.237%$5.9M$6.5M75xas long as short
BingX OP-USDC+0.0100%8h0.1267+0.237%$1.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1262−0.150%$121K$195K10xas long as short
edgeX OPUSDC+0.0100%4h0.1263−0.076%$4K$391K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1262−0.181%$311K$5.1M10xas long as short
ApeX Omni OPUSDTlong+0.0100%1h0.1264long leg$43K$706K50x
SoDEX OP-USD+0.0100%1h0.1268+0.285%$182$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1263−0.040%$174K$218K50xas long as short
Extended OP-USD+0.0104%1h0.1267+0.235%$101K$389K25xas long as short
Aevo OP-PERP+0.0104%1h0.1267+0.248%$3K$1K3xas long as short
Coinbase International OP-PERP-INTX+0.0152%1h0.1265+0.079%$24K$71K50xas long as short
BloFin OP-USDT+0.0220%8h0.1265+0.111%$272K75xas long as short
Reya OPRUSDPERP+0.0440%1h0.1266+0.141%$70420xas long as short
Kraken Futures PF_OPUSD+0.0489%1h0.1268+0.334%$801K$581K20xas long as short