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

OP

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h +0.010%
Price spread now: ApeX Omni against BloFin+0.016%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$580.579% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.140%−$14 on $10k
Price spread, last 3 days (all we have)−0.134%−$13 · spread now +0.016%, 7d avg +0.034%
Together, before fees−0.275%−$27 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.034%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin OP-USDT0.12760.0220pay 0.0220% / 8h0m 47s$1.0M$278K75x
ShortApeX Omni OPUSDT0.12760.0100get 0.0013% / 1h0m 47s$46K$721K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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
−$25.2
Price spread: +0.016% → +0.034%
−$1.83
Slippage, 4 orders
−$35.95
Fee BloFin: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$84.97
Costs to cover
0.579%
Break-even
never at this rate
Slippage from BloFin: live order book, 6 min ago; ApeX Omni: live order book, 13 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 BloFin live order book, 6 min ago0.39 bp14.3 bp −$1423.9 bp −$239doesn't fitdoesn't fit
Sell ApeX Omni live order book, 13 min ago7.86 bp16.1 bp −$16107.9 bp −$1,079doesn'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−0.1633%1h0.1268−0.611%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1275−0.037%$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0344%1h0.1270−0.455%$21K$65K50xas long as short
dYdX OP-USD0.0000%1h0.1275−0.065%$39K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1276+0.016%$42K$171K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1276−0.009%150xas long as short
Orderly PERP_OP_USDC+0.0060%8h0.1275−0.063%$6K$49K10xas long as short
Variational Omni OP+0.0061%8h0.1273−0.198%$232K$47Kas long as short
Lighter OP+0.0096%1h0.1278+0.157%$290K$963K15xas long as short
Hyperliquid OP+0.0100%1h0.1279+0.235%$4.1M$2.9M5xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPUSDT+0.0100%8h0.1277+0.071%$213K$241K10xas long as short
Binance OPUSDT+0.0100%8h0.1277+0.076%$20.6M$62.0M75xas long as short
Bybit OPUSDT+0.0100%8h0.1276+0.031%$18.4M$26.0M75xas long as short
OKX OP-USDT-SWAP+0.0100%8h0.1277+0.102%$6.0M$30.4M50xas long as short
Gate OP_USDT+0.0100%8h0.1277+0.094%$2.0M$1.6M50xas long as short
MEXC OP_USDT+0.0100%8h0.1276+0.008%$20.2M$7.3M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1276+0.016%$2.9M$7.3M75xas long as short
Bitget OPUSDT+0.0100%8h0.1277+0.094%$6.1M$6.3M75xas long as short
BingX OP-USDC+0.0100%8h0.1277+0.094%$1.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1276−0.008%$123K$188K10xas long as short
edgeX OPUSDC+0.0100%4h0.1274−0.116%$9K$386K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1272−0.298%$323K$4.8M10xas long as short
ApeX Omni OPUSDTshort+0.0100%1h0.1276+0.016%$46K$721K50x
SoDEX OP-USD+0.0100%1h0.12760.000%$189$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1276+0.047%$176K$234K50xas long as short
Extended OP-USD+0.0104%1h0.1276+0.016%$102K$186K25xas long as short
Aevo OP-PERP+0.0104%1h0.1275−0.077%$4K3xas long as short
BloFin OP-USDTlong+0.0220%8h0.1276long leg$1.0M$278K75x
Kraken Futures PF_OPUSD+0.0358%1h0.1277+0.079%$803K$749K20xas long as short
Reya OPRUSDPERP+0.0438%1h0.1275−0.095%$70920xas long as short