Funding you earn now, next payment 04:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against KuCoin0.000%7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$900.902% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.289%+$29 · spread now 0.000%, 7d avg +0.066%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and ApeX Omni is 0.066% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.066%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin OPUSDTM | 0.1259 | 0.0100 | pay 0.0100% / 8h | 4h 42m | $2.9M | $6.6M | 75x |
| Short | ApeX Omni OPUSDT | 0.1259 | 0.0005 | get 0.0001% / 1h | 42m 52s | $43K | $709K | 50x |
KuCoin OPUSDTM
ApeX Omni OPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against KuCoin. 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
- −$19.92
- Price spread: 0.000% → +0.066%
- −$6.58
- Slippage, 4 orders
- −$68.19
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$116.7
- Costs to cover
- 0.902%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; ApeX Omni: live order book, 16 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 KuCoin live order book, 5 min ago | 3.97 bp | 29.0 bp −$29 | 82.8 bp −$828 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 16 min ago | 11.88 bp | 20.9 bp −$21 | 128.1 bp −$1,281 | 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 | −0.1607% | 1h | 0.1258 | −0.079% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1261 | +0.195% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1261 | +0.159% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1261 | +0.159% | $42K | $151K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1262 | +0.252% | — | — | 150x | as long as short |
| ApeX Omni OPUSDTshort | +0.0005% | 1h | 0.1259 | 0.000% | $43K | $709K | 50x | |
| OKX OP-USDT-SWAP | +0.0033% | 8h | 0.1258 | −0.048% | $6.2M | $28.7M | 50x | as long as short |
| Variational Omni OP | +0.0044% | 8h | 0.1262 | +0.216% | $223K | $49K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0053% | 8h | 0.1261 | +0.159% | $6K | $44K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1260 | +0.087% | $279K | $939K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
OKX OP-USDT-SWAP
Variational Omni OP
Orderly PERP_OP_USDC
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1260 | +0.111% | $3.7M | $3.0M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1261 | +0.171% | $211K | $219K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1260 | +0.079% | $20.4M | $60.9M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1259 | +0.024% | $18.5M | $25.2M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1261 | +0.159% | $2.0M | $1.4M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1259 | +0.024% | $21.1M | $7.1M | 300x | as long as short |
| KuCoin OPUSDTMlong | +0.0100% | 8h | 0.1259 | long leg | $2.9M | $6.6M | 75x | |
| Bitget OPUSDT | +0.0100% | 8h | 0.1259 | 0.000% | $5.8M | $6.5M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1260 | +0.079% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1260 | +0.056% | $120K | $194K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1260 | +0.107% | $4K | $389K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1259 | 0.000% | $317K | $5.1M | 10x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1261 | +0.135% | $197 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1264 | +0.373% | $174K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1259 | −0.018% | $101K | $391K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1260 | +0.079% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0168% | 1h | 0.1262 | +0.238% | $24K | $70K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1261 | +0.183% | $1.0M | $278K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0349% | 1h | 0.1261 | +0.152% | $787K | $572K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0441% | 1h | 0.1261 | +0.155% | $701 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP