Funding you earn now, next payment 09:00 UTC−0.0345%/8h= −37.7% APRnext payment −$0.43 per $10,000 · paid last 24h −0.101%
Price spread now: ApeX Omni against Reya−0.273%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and ApeX Omni is 0.273% cheaper against Reya than usual: you would sell low and buy high (−$27 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya OPRUSDPERP | 0.1249 | 0.0445 | pay 0.0056% / 1h | 52m 34s | $695 | — | 20x |
| Short | ApeX Omni OPUSDT | 0.1246 | 0.0100 | get 0.0013% / 1h | 52m 34s | $43K | $694K | 50x |
Reya OPRUSDPERP
ApeX Omni OPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Reya. 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
- −$72.39
- Price spread: −0.273% → 0.000%
- −$27.35
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$115.74
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; ApeX Omni: live order book, 46 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 Reya no order-book sample | — | — | — | — | — |
| Sell ApeX Omni live order book, 46 min ago | 12.01 bp | 21.1 bp −$21 | 113.5 bp −$1,135 | doesn't fit | doesn't fit |
Reya: 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 | −0.1328% | 1h | 0.1235 | −1.154% | $34K | $63K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1164% / S +0.0246% | 1h | 0.1250 | +0.058% | $13K | — | 100x | as long as short |
| GRVT OP_USDT_Perp | −0.0221% | 8h | 0.1247 | −0.172% | $310K | $5.3M | 10x | as long as short |
| Gate OP_USDT | −0.0142% | 8h | 0.1249 | −0.001% | $2.0M | $1.5M | 50x | as long as short |
| Orderly PERP_OP_USDC | −0.0053% | 8h | 0.1249 | −0.033% | $12K | $236K | 10x | as long as short |
| Bybit OPUSDT | −0.0026% | 8h | 0.1248 | −0.105% | $18.2M | $26.3M | 75x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1249 | −0.050% | $39K | $522 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1250 | +0.047% | $31K | $165K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1250 | +0.015% | — | — | 150x | as long as short |
| KuCoin OPUSDTM | +0.0042% | 8h | 0.1247 | −0.193% | $2.8M | $6.0M | 75x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
GRVT OP_USDT_Perp
Gate OP_USDT
Orderly PERP_OP_USDC
Bybit OPUSDT
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
KuCoin OPUSDTMShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni OP | +0.0070% | 8h | 0.1248 | −0.118% | $221K | $47K | — | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1249 | −0.033% | $288K | $1.1M | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1249 | −0.025% | $3.5M | $3.6M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1249 | −0.001% | $205K | $210K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1249 | −0.033% | $19.7M | $67.7M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1249 | −0.009% | $6.0M | $29.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1249 | −0.073% | $22.3M | $7.7M | 300x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1249 | −0.033% | $5.6M | $6.8M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1249 | −0.033% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1249 | −0.025% | $117K | $222K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1246 | −0.306% | $4K | $1.1M | 10x | as long as short |
| ApeX Omni OPUSDTshort | +0.0100% | 1h | 0.1246 | −0.273% | $43K | $694K | 50x | |
| SoDEX OP-USD | +0.0100% | 1h | 0.1249 | −0.017% | $197 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1250 | +0.079% | $166K | $259K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1249 | −0.001% | $100K | $610K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1250 | +0.007% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0112% | 1h | 0.1249 | −0.033% | $24K | $66K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.0155% | 1h | 0.1251 | +0.101% | $744K | $676K | 20x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1248 | −0.081% | $996K | $324K | 75x | as long as short |
| Reya OPRUSDPERPlong | +0.0445% | 1h | 0.1249 | long leg | $695 | — | 20x |
Variational Omni OP
Lighter OP
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
OKX OP-USDT-SWAP
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
Kraken Futures PF_OPUSD
BloFin OP-USDT