OP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1165%/8h= +127.6% APRnext payment +$1.46 per $10,000 · paid last 24h +0.347%

Price spread now: ApeX Omni against GMX−0.179%68s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. ApeX Omni is 0.179% cheaper against GMX than usual: you would sell low and buy high (spread −0.179% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 12 hours of funding at the current rate (+$35 a day). The two prices were read 68 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	GMX OP/USD [OP-USDC]	0.1274	L −0.1065% / S +0.0229%	get 0.0133% / 1h	1m 52s	$13K	—	100x
Short	ApeX Omni OPUSDT	0.1272	0.0100	get 0.0013% / 1h	1m 52s	$46K	$721K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against GMX. 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

Position, each leg$Hold fordaysFee GMXbpFee ApeX OmnibpOrdersPrice spread, now −0.179%Rate

Funding earned: $244.68
Price spread: −0.179% → 0.000%: −$17.89
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $204.79
Costs to cover: 0.220%
Break-even: 1.1 days

Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 12 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 12 min ago	7.86 bp	16.1 bp −$16	107.9 bp −$1,079	doesn't fit	doesn't fit

GMX: 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 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	0.1266	−0.650%	$35K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]long	L −0.1065% / S +0.0229%	1h	0.1274	long leg	$13K	—	100x
Coinbase International OP-PERP-INTX	−0.0344%	1h	0.1270	−0.336%	$21K	$65K	50x	as long as short
dYdX OP-USD	0.0000%	1h	0.1275	+0.054%	$39K	$519	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1274	−0.022%	$42K	$171K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1275	+0.038%	—	—	150x	as long as short
Orderly PERP_OP_USDC	+0.0060%	8h	0.1273	−0.100%	$6K	$49K	10x	as long as short
Variational Omni OP	+0.0060%	8h	0.1270	−0.338%	$232K	$47K	—	as long as short
Lighter OP	+0.0096%	1h	0.1275	+0.064%	$290K	$963K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1277	+0.174%	$4.1M	$2.9M	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster OPUSDT	+0.0100%	8h	0.1275	+0.058%	$213K	$241K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1274	−0.012%	$20.6M	$62.0M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1273	−0.069%	$18.4M	$26.0M	75x	as long as short
OKX OP-USDT-SWAP	+0.0100%	8h	0.1274	+0.009%	$6.0M	$30.3M	50x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1275	+0.057%	$2.0M	$1.6M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1275	+0.041%	$20.2M	$7.3M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1274	−0.022%	$2.9M	$7.3M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1275	+0.057%	$6.1M	$6.3M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	0.1275	+0.057%	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1274	+0.002%	$123K	$188K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1271	−0.241%	$11K	$383K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1272	−0.179%	$323K	$4.8M	10x	as long as short
ApeX Omni OPUSDTshort	+0.0100%	1h	0.1272	−0.179%	$46K	$721K	50x
SoDEX OP-USD	+0.0100%	1h	0.1274	−0.046%	$187	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1274	+0.002%	$176K	$234K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1274	+0.006%	$102K	$186K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1274	−0.025%	$4K	—	3x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1275	+0.049%	$1.0M	$279K	75x	as long as short
Kraken Futures PF_OPUSD	+0.0358%	1h	0.1276	+0.099%	$802K	$749K	20x	as long as short
Reya OPRUSDPERP	+0.0438%	1h	0.1274	−0.043%	$708	—	20x	as long as short