Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.039%
Price spread now: ApeX Omni against Binance−0.299%49s7-day average +0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$610.610% of the position
Funding, last 7 days+0.071%+$7 on $10k
+Price spread, last 3 days (all we have)+0.559%+$56 · spread now −0.299%, 7d avg +0.048%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.347% cheaper against Binance than usual: you would sell low and buy high, −$35 on $10k if it goes back to its 7-day average of +0.048%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance OPUSDT | 0.1263 | 0.0100 | pay 0.0100% / 8h | 1h 42m | $20.5M | $62.2M | 75x |
| Short | ApeX Omni OPUSDT | 0.1259 | 0.0100 | get 0.0013% / 1h | 42m 46s | $45K | $723K | 50x |
Binance OPUSDT
ApeX Omni OPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Binance. 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
- $0
- Price spread: −0.299% → +0.048%
- −$34.66
- Slippage, 4 orders
- −$40.95
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$95.61
- Costs to cover
- 0.610%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; ApeX Omni: live order book, 41 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 Binance live order book, 15 min ago | 0.40 bp | 10.2 bp −$10 | 20.0 bp −$200 | 97.4 bp −$9,735 | doesn't fit |
| Sell ApeX Omni live order book, 41 min ago | 11.86 bp | 19.9 bp −$20 | 125.1 bp −$1,251 | 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 | −0.1710% | 1h | 0.1256 | −0.537% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1262 | −0.101% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0360% | 1h | 0.1253 | −0.774% | $21K | $64K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1263 | +0.002% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1262 | −0.061% | $42K | $171K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1262 | −0.074% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0042% | 8h | 0.1254 | −0.685% | $233K | $48K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0054% | 8h | 0.1262 | −0.061% | $6K | $49K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1263 | +0.049% | $275K | $904K | 15x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1262 | −0.069% | $5.9M | $29.7M | 50x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Variational Omni OP
Orderly PERP_OP_USDC
Lighter OP
OKX OP-USDT-SWAPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1265 | +0.144% | $4.1M | $2.9M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1264 | +0.065% | $211K | $241K | 10x | as long as short |
| Binance OPUSDTlong | +0.0100% | 8h | 0.1263 | long leg | $20.5M | $62.2M | 75x | |
| Bybit OPUSDT | +0.0100% | 8h | 0.1261 | −0.117% | $18.4M | $25.2M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1263 | +0.018% | $1.8M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1263 | −0.014% | $20.0M | $7.0M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1262 | −0.061% | $2.9M | $7.5M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1263 | +0.018% | $6.0M | $6.2M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1263 | +0.018% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1262 | −0.069% | $125K | $190K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1258 | −0.388% | $9K | $382K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1258 | −0.398% | $314K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDTshort | +0.0100% | 1h | 0.1259 | −0.299% | $45K | $723K | 50x | |
| SoDEX OP-USD | +0.0100% | 1h | 0.1262 | −0.085% | $178 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1262 | −0.030% | $175K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1263 | +0.026% | $101K | $186K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1262 | −0.088% | $4K | — | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1262 | −0.046% | $1.0M | $281K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0228% | 1h | 0.1263 | +0.004% | $788K | $740K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0437% | 1h | 0.1262 | −0.088% | $702 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
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
Kraken Futures PF_OPUSD
Reya OPRUSDPERP