Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.027%
Price spread now: ApeX Omni against OKX−1.045%100s7-day average +0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as 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−$650.651% of the position
Funding, last 7 days+0.079%+$8 on $10k
+Price spread, last 4 days (all we have)+1.268%+$127 · spread now −1.045%, 7d avg +0.081%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 1.127% cheaper against OKX than usual: you would sell low and buy high, −$113 on $10k if it goes back to its 7-day average of +0.081%. The two prices were read 100 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 | OKX OP-USDT-SWAP | 0.1253 | 0.0100 | pay 0.0100% / 8h | 2h 17m | $6.1M | $28.9M | 50x |
| Short | ApeX Omni OPUSDT | 0.1240 | 0.0100 | get 0.0013% / 1h | 17m 54s | $43K | $706K | 50x |
OKX OP-USDT-SWAP
ApeX Omni OPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against OKX. 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
- Price spread: −1.045% → +0.081%
- −$112.66
- Slippage, 4 orders
- −$45.13
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$177.79
- Costs to cover
- 0.651%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; ApeX Omni: live order book, 31 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 OKX live order book, 1 min ago | 0.40 bp | 11.4 bp −$11 | 23.9 bp −$239 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 31 min ago | 11.77 bp | 21.0 bp −$21 | 114.0 bp −$1,140 | 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 | −0.1583% | 1h | 0.1247 | −0.487% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1255 | +0.156% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1255 | +0.135% | $39K | $532 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1255 | +0.152% | $40K | $139K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1255 | +0.138% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0007% | 8h | 0.1254 | +0.072% | $59K | $142K | 10x | as long as short |
| Variational Omni OP | +0.0015% | 8h | 0.1247 | −0.468% | $221K | $45K | — | as long as short |
| Kraken Futures PF_OPUSD | +0.0074% | 1h | 0.1255 | +0.190% | $755K | $629K | 20x | as long as short |
| Bybit OPUSDT | +0.0081% | 8h | 0.1253 | +0.032% | $18.4M | $25.6M | 75x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1255 | +0.112% | $287K | $1.0M | 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
Orderly PERP_OP_USDC
Variational Omni OP
Kraken Futures PF_OPUSD
Bybit OPUSDT
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1254 | +0.072% | $3.4M | $3.0M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1255 | +0.159% | $205K | $210K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1254 | +0.041% | $19.7M | $64.1M | 75x | as long as short |
| OKX OP-USDT-SWAPlong | +0.0100% | 8h | 0.1253 | long leg | $6.1M | $28.9M | 50x | |
| Gate OP_USDT | +0.0100% | 8h | 0.1255 | +0.112% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1254 | +0.064% | $22.9M | $7.7M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1253 | −0.008% | $2.9M | $6.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1253 | −0.008% | $5.8M | $6.6M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1254 | +0.080% | — | $6.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1253 | +0.016% | $105K | $215K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1249 | −0.345% | $378K | $768K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1244 | −0.748% | $307K | $5.4M | 10x | as long as short |
| ApeX Omni OPUSDTshort | +0.0100% | 1h | 0.1240 | −1.045% | $43K | $706K | 50x | |
| SoDEX OP-USD | +0.0100% | 1h | 0.1254 | +0.104% | $202 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1255 | +0.144% | $174K | $244K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1252 | −0.057% | $101K | $506K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1254 | +0.072% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0160% | 1h | 0.1243 | −0.806% | $26K | $59K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1253 | +0.008% | $989K | $276K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0443% | 1h | 0.1254 | +0.103% | $697 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
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
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Reya OPRUSDPERP