Funding you earn now, next payment 08:00 UTC+0.0066%/8h= +7.2% APRnext payment +$0.08 per $10,000 · paid last 24h +0.051%
Price spread now: Kraken Futures against ApeX Omni+0.206%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$830.832% of the position
Funding, last 7 days+0.020%+$2 on $10k
+Price spread, last 4 days (all we have)−0.257%−$26 · spread now +0.206%, 7d avg +0.039%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kraken Futures is 0.167% dearer against ApeX Omni than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.039%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni OPUSDT | 0.1241 | 0.0100 | pay 0.0013% / 1h | 23m 07s | $43K | $697K | 50x |
| Short | Kraken Futures PF_OPUSD | 0.1244 | 0.0166 | get 0.0021% / 1h | 23m 07s | $737K | $677K | 20x |
ApeX Omni OPUSDT
Kraken Futures PF_OPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $13.79
- Price spread: +0.206% → +0.039%
- $16.67
- Slippage, 4 orders
- −$63.24
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$52.78
- Costs to cover
- 0.832%
- Break-even
- 33.8 days
Slippage from ApeX Omni: live order book, 15 min ago; Kraken Futures: live order book, 15 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, 15 min ago | 12.01 bp | 20.5 bp −$20 | 114.2 bp −$1,142 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 15 min ago | 6.01 bp | 20.3 bp −$20 | 59.2 bp −$592 | doesn't fit | 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 | −0.1660% | 1h | 0.1235 | −0.483% | $34K | $63K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1164% / S +0.0246% | 1h | 0.1244 | +0.203% | $13K | — | 100x | as long as short |
| Orderly PERP_OP_USDC | −0.0055% | 8h | 0.1243 | +0.161% | $12K | $236K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1241 | −0.020% | $38K | $522 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1243 | +0.161% | $32K | $164K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1243 | +0.176% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0048% | 8h | 0.1240 | −0.063% | $220K | $47K | — | as long as short |
| KuCoin OPUSDTM | +0.0068% | 8h | 0.1242 | +0.081% | $2.8M | $6.1M | 75x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0080% | 1h | 0.1242 | +0.081% | $24K | $65K | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1244 | +0.234% | $287K | $1.1M | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Orderly PERP_OP_USDC
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Variational Omni OP
KuCoin OPUSDTM
Coinbase International OP-PERP-INTX
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1244 | +0.258% | $3.5M | $3.6M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1244 | +0.230% | $204K | $210K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1244 | +0.238% | $19.6M | $67.6M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1244 | +0.218% | $18.1M | $26.3M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1244 | +0.242% | $5.9M | $29.4M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1244 | +0.226% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1244 | +0.201% | $22.1M | $7.8M | 300x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1243 | +0.161% | $5.6M | $6.8M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1243 | +0.161% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1243 | +0.193% | $114K | $221K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1241 | −0.008% | $4K | $1.1M | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1240 | −0.082% | $303K | $5.4M | 10x | as long as short |
| ApeX Omni OPUSDTlong | +0.0100% | 1h | 0.1241 | long leg | $43K | $697K | 50x | |
| SoDEX OP-USD | +0.0100% | 1h | 0.1243 | +0.153% | $210 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1244 | +0.201% | $165K | $259K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1242 | +0.109% | $99K | $605K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1243 | +0.160% | $3K | $1K | 3x | as long as short |
| Kraken Futures PF_OPUSDshort | +0.0166% | 1h | 0.1244 | +0.206% | $737K | $677K | 20x | |
| BloFin OP-USDT | +0.0220% | 8h | 0.1243 | +0.193% | $997K | $321K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0444% | 1h | 0.1243 | +0.129% | $691 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
BloFin OP-USDT
Reya OPRUSDPERP