Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.075%
Price spread now: ApeX Omni against Deribit−0.155%7-day average +0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$730.732% of the position
Funding, last 7 days+0.280%+$28 on $10k
+Price spread, last 3 days (all we have)+0.184%+$18 · spread now −0.155%, 7d avg +0.043%
=Funding pays, the price is against you. ApeX Omni is 0.198% cheaper against Deribit than usual: you would sell low and buy high (spread −0.155% now, against its 7-day average of +0.043%). If the spread goes back, that is −$20 on $10k: about 6.6 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit OP_USDC-PERPETUAL | 0.1290 | 0 | get 0.0000% / 1h | 54m 23s | $43K | $171K | 25x |
| Short | ApeX Omni OPUSDT | 0.1288 | 0.0100 | get 0.0013% / 1h | 54m 23s | $46K | $722K | 50x |
Deribit OP_USDC-PERPETUAL
ApeX Omni OPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Deribit. 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
- $21
- Price spread: −0.155% → +0.043%
- −$19.84
- Slippage, 4 orders
- −$56.24
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$72.08
- Costs to cover
- 0.732%
- Break-even
- 31.0 days
Slippage from Deribit: live order book, 24 min ago; ApeX Omni: live order book, 24 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 Deribit live order book, 24 min ago | 11.71 bp | 15.2 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 24 min ago | 11.72 bp | 21.3 bp −$21 | 112.6 bp −$1,126 | 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 | −0.1633% | 1h | 0.1284 | −0.465% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1287 | −0.202% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0344% | 1h | 0.1280 | −0.775% | $21K | $64K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1289 | −0.060% | $40K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUALlong | 0.0000% | 1h | 0.1290 | long leg | $43K | $171K | 25x | |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1288 | −0.158% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0064% | 8h | 0.1287 | −0.233% | $6K | $49K | 10x | as long as short |
| Variational Omni OP | +0.0077% | 8h | 0.1288 | −0.126% | $236K | $54K | — | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1290 | +0.008% | $291K | $919K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1288 | −0.116% | $4.2M | $2.9M | 5x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
dYdX OP-USD
gTrade (Gains Network) OP/USD
Orderly PERP_OP_USDC
Variational Omni OP
Lighter OP
Hyperliquid OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.0100% | 8h | 0.1288 | −0.142% | $215K | $241K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1287 | −0.225% | $20.8M | $61.7M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1286 | −0.279% | $18.9M | $25.5M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1287 | −0.256% | $6.1M | $30.5M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1288 | −0.178% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1288 | −0.194% | $20.6M | $7.1M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1288 | −0.155% | $2.9M | $7.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1288 | −0.155% | $6.1M | $6.3M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1287 | −0.202% | — | $6.8M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1288 | −0.147% | $125K | $189K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1287 | −0.217% | $11K | $382K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1288 | −0.140% | $322K | $5.0M | 10x | as long as short |
| ApeX Omni OPUSDTshort | +0.0100% | 1h | 0.1288 | −0.155% | $46K | $722K | 50x | |
| SoDEX OP-USD | +0.0100% | 1h | 0.1289 | −0.070% | $184 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1291 | +0.054% | $178K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1289 | −0.081% | $103K | $186K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1290 | −0.011% | $4K | — | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1289 | −0.078% | $1.0M | $291K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0354% | 1h | 0.1291 | +0.062% | $807K | $745K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0437% | 1h | 0.1287 | −0.233% | $716 | — | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
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