Funding you earn now, next payment 13:00 UTC+0.0348%/8h= +38.2% APRnext payment +$0.44 per $10,000 · paid last 24h +0.102%
Price spread now: Reya against ApeX Omni−0.123%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Reya is 0.123% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.123% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 28 hours of funding at the current rate (+$10 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni OPUSDT | 0.1253 | 0.0100 | pay 0.0013% / 1h | 25m 19s | $43K | $669K | 50x |
| Short | Reya OPRUSDPERP | 0.1251 | 0.0448 | get 0.0056% / 1h | 25m 19s | $696 | — | 20x |
ApeX Omni OPUSDT
Reya OPRUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- $73.17
- Price spread: −0.123% → 0.000%
- −$12.35
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $44.82
- Costs to cover
- 0.160%
- Break-even
- 2.7 days
Slippage unknown: ApeX Omni: live order book, 11 min ago; Reya: no order-book sample. Net counts fees only.
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, 11 min ago | 8.04 bp | 18.6 bp −$19 | 120.6 bp −$1,206 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
OP on 30 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| GMX OP/USD [OP-USDC] | L −0.1586% / S +0.0315% | 1h | 0.1251 | −0.132% | $13K | — | 100x | as long as short |
| Injective OP/USDC PERP | −0.1504% | 1h | 0.1234 | −1.516% | $34K | $67K | 12x | as long as short |
| Hyperliquid OP | −0.0237% | 1h | 0.1251 | −0.136% | $3.9M | $4.1M | 5x | as long as short |
| MEXC OP_USDT | −0.0180% | 8h | 0.1252 | −0.112% | $21.8M | $7.0M | 300x | as long as short |
| Binance OPUSDT | −0.0178% | 8h | 0.1252 | −0.104% | $19.7M | $65.4M | 75x | as long as short |
| Extended OP-USD | −0.0176% | 1h | 0.1250 | −0.271% | $100K | $666K | 25x | as long as short |
| Orderly PERP_OP_USDC | −0.0111% | 8h | 0.1250 | −0.239% | $12K | $229K | 10x | as long as short |
| KuCoin OPUSDTM | −0.0063% | 8h | 0.1251 | −0.160% | $2.9M | $4.9M | 75x | as long as short |
| BloFin OP-USDT | −0.0060% | 8h | 0.1254 | +0.056% | $1.0M | $234K | 75x | as long as short |
| Gate OP_USDT | −0.0036% | 8h | 0.1252 | −0.056% | $1.9M | $1.3M | 50x | as long as short |
GMX OP/USD [OP-USDC]
Injective OP/USDC PERP
Hyperliquid OP
MEXC OP_USDT
Binance OPUSDT
Extended OP-USD
Orderly PERP_OP_USDC
KuCoin OPUSDTM
BloFin OP-USDT
Gate OP_USDTShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International OP-PERP-INTX | −0.0032% | 1h | 0.1254 | +0.080% | $22K | $76K | 50x | as long as short |
| GRVT OP_USDT_Perp | −0.0022% | 8h | 0.1253 | 0.000% | $316K | $5.6M | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1254 | +0.059% | $39K | $522 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1251 | −0.160% | $31K | $102K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1252 | −0.088% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0025% | 8h | 0.1253 | +0.022% | $222K | $43K | — | as long as short |
| Aevo OP-PERP | +0.0032% | 1h | 0.1250 | −0.200% | $3K | $1K | 3x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1252 | −0.064% | $243K | $1.1M | 15x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1252 | −0.058% | $208K | $206K | 10x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1251 | −0.160% | $18.3M | $24.1M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1252 | −0.096% | $6.0M | $26.8M | 50x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1250 | −0.239% | $5.8M | $6.6M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1252 | −0.080% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1254 | +0.088% | $105K | $229K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1252 | −0.065% | $4K | $1.1M | 10x | as long as short |
| ApeX Omni OPUSDTlong | +0.0100% | 1h | 0.1253 | long leg | $43K | $669K | 50x | |
| SoDEX OP-USD | +0.0100% | 1h | 0.1251 | −0.152% | $197 | $5K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1253 | −0.008% | $170K | $254K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.0191% | 1h | 0.1252 | −0.110% | $731K | $739K | 20x | as long as short |
| Reya OPRUSDPERPshort | +0.0448% | 1h | 0.1251 | −0.123% | $696 | — | 20x |
Coinbase International OP-PERP-INTX
GRVT OP_USDT_Perp
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Variational Omni OP
Aevo OP-PERP
Lighter OP
Aster OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
SoDEX OP-USD
HTX OP-USDT
Kraken Futures PF_OPUSD