Funding you earn now, next payment 22:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.031%
Price spread now: ApeX Omni against Gate−0.088%81s7-day average +0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as 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−$930.928% of the position
Funding, last 7 days+0.174%+$17 on $10k
+Price spread, last 3 days (all we have)+0.547%+$55 · spread now −0.088%, 7d avg +0.058%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.146% cheaper against Gate than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.058%. The two prices were read 81 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 | Gate OP_USDT | 0.1245 | 0.0099 | pay 0.0099% / 8h | 2h 54m | $1.8M | $1.4M | 50x |
| Short | ApeX Omni OPUSDT | 0.1244 | 0.0100 | get 0.0013% / 1h | 54m 06s | $45K | $720K | 50x |
Gate OP_USDT
ApeX Omni OPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Gate. 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
- $0.21
- Price spread: −0.088% → +0.058%
- −$14.63
- Slippage, 4 orders
- −$67.82
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$107.23
- Costs to cover
- 0.928%
- Break-even
- 3581.4 days
Slippage from Gate: live order book, 3 min ago; ApeX Omni: live order book, 34 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 Gate live order book, 3 min ago | 5.62 bp | 25.0 bp −$25 | 65.2 bp −$652 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 34 min ago | 11.99 bp | 19.5 bp −$20 | 121.8 bp −$1,218 | 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 | −0.1658% | 1h | 0.1241 | −0.329% | $34K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1066% / S +0.0229% | 1h | 0.1245 | +0.020% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0328% | 1h | 0.1243 | −0.169% | $21K | $64K | 50x | as long as short |
| Variational Omni OP | −0.0002% | 8h | 0.1247 | +0.164% | $227K | $44K | — | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1246 | +0.056% | $38K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1245 | −0.008% | $41K | $165K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1245 | +0.022% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0026% | 8h | 0.1244 | −0.088% | $6K | $51K | 10x | as long as short |
| OKX OP-USDT-SWAP | +0.0095% | 8h | 0.1245 | −0.048% | $5.7M | $29.3M | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1246 | +0.048% | $266K | $899K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
Variational Omni OP
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Orderly PERP_OP_USDC
OKX OP-USDT-SWAP
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate OP_USDTlong | +0.0099% | 8h | 0.1245 | long leg | $1.8M | $1.4M | 50x | |
| Hyperliquid OP | +0.0100% | 1h | 0.1246 | +0.112% | $3.9M | $2.9M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1244 | −0.057% | $210K | $243K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1245 | −0.013% | $20.1M | $62.7M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1244 | −0.064% | $18.3M | $25.4M | 75x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1245 | 0.000% | $20.0M | $7.2M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1244 | −0.088% | $2.9M | $7.5M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1245 | −0.008% | $5.9M | $6.2M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1245 | +0.008% | — | $6.9M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1244 | −0.056% | $127K | $188K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1245 | −0.020% | $9K | $379K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1246 | +0.064% | $303K | $5.3M | 10x | as long as short |
| ApeX Omni OPUSDTshort | +0.0100% | 1h | 0.1244 | −0.088% | $45K | $720K | 50x | |
| SoDEX OP-USD | +0.0100% | 1h | 0.1245 | −0.032% | $160 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1245 | −0.024% | $173K | $234K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1244 | −0.074% | $100K | $186K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1245 | −0.006% | $4K | — | 3x | as long as short |
| Kraken Futures PF_OPUSD | +0.0138% | 1h | 0.1245 | −0.002% | $769K | $742K | 20x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1251 | +0.442% | $1.0M | $295K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0436% | 1h | 0.1244 | −0.125% | $691 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
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
Kraken Futures PF_OPUSD
BloFin OP-USDT
Reya OPRUSDPERP