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

OP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against HTX+0.285%76s7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$780.778% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.004%$0 on $10k
Price spread, last 4 days (all we have)−0.364%−$36 · spread now +0.285%, 7d avg +0.018%
Together, before fees−0.368%−$37 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.268% dearer against HTX than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of +0.018%. The two prices were read 76 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX OP-USDT0.12610.0100pay 0.0100% / 8h3h 12m$171K$229K50x
ShortApeX Omni OPUSDT0.12650.0100get 0.0013% / 1h12m 15s$43K$709K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against HTX. 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
$0
Price spread: +0.285% → +0.018%
$26.75
Slippage, 4 orders
−$55.84
Fee HTX: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$51.09
Costs to cover
0.778%
Break-even
never at this rate
Slippage from HTX: live order book, 39 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
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 39 min ago7.42 bp15.7 bp −$162545.7 bp −$25.5Kdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 41 min ago11.76 bp21.7 bp −$22130.5 bp −$1,305doesn'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−0.1568%1h0.1258−0.270%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1260−0.088%$13K100xas long as short
dYdX OP-USD0.0000%1h0.1262+0.061%$39K$53210xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1260−0.111%$42K$138K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1261−0.059%150xas long as short
Coinbase International OP-PERP-INTX+0.0032%1h0.1270+0.682%$25K$56K50xas long as short
Variational Omni OP+0.0042%8h0.1262+0.010%$223K$48Kas long as short
Orderly PERP_OP_USDC+0.0054%8h0.1260−0.111%$6K$46K10xas long as short
Kraken Futures PF_OPUSD+0.0057%1h0.1261−0.053%$773K$548K20xas long as short
OKX OP-USDT-SWAP+0.0094%8h0.1260−0.103%$6.2M$28.4M50xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter OP+0.0096%1h0.1261−0.055%$275K$948K15xas long as short
Hyperliquid OP+0.0100%1h0.1262+0.032%$3.7M$2.8M5xas long as short
Aster OPUSDT+0.0100%8h0.1261−0.040%$211K$216K10xas long as short
Binance OPUSDT+0.0100%8h0.1260−0.143%$20.3M$60.9M75xas long as short
Bybit OPUSDT+0.0100%8h0.1259−0.190%$18.5M$24.8M75xas long as short
Gate OP_USDT+0.0100%8h0.1261−0.008%$2.0M$1.5M50xas long as short
MEXC OP_USDT+0.0100%8h0.1260−0.103%$21.2M$7.3M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1260−0.111%$2.8M$6.3M75xas long as short
Bitget OPUSDT+0.0100%8h0.1260−0.111%$5.8M$6.5M75xas long as short
BingX OP-USDC+0.0100%8h0.1260−0.111%$1.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.12610.000%$117K$206K10xas long as short
edgeX OPUSDC+0.0100%4h0.1263+0.147%$4K$390K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1263+0.097%$316K$5.1M10xas long as short
ApeX Omni OPUSDTshort+0.0100%1h0.1265+0.285%$43K$709K50x
SoDEX OP-USD+0.0100%1h0.1260−0.127%$197$6K5xas long as short
HTX OP-USDTlong+0.0100%8h0.1261long leg$171K$229K50x
Extended OP-USD+0.0104%1h0.1259−0.169%$102K$393K25xas long as short
Aevo OP-PERP+0.0104%1h0.1260−0.151%$3K$1K3xas long as short
BloFin OP-USDT+0.0220%8h0.1263+0.103%$1.0M$280K75xas long as short
Reya OPRUSDPERP+0.0442%1h0.1260−0.110%$70120xas long as short