Funding you earn now, next payment 11:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.053%
Price spread now: ApeX Omni against Deribit−0.162%74s7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as 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−$580.577% of the position
Funding, last 7 days+0.287%+$29 on $10k
+Price spread, last 4 days (all we have)+0.191%+$19 · spread now −0.162%, 7d avg +0.040%
=Funding pays, the price is against you. ApeX Omni is 0.202% cheaper against Deribit than usual: you would sell low and buy high (spread −0.162% now, against its 7-day average of +0.040%). If the spread goes back, that is −$20 on $10k: about 6.7 days of funding at the current rate (+$3 a day). The two prices were read 74 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 | Deribit OP_USDC-PERPETUAL | 0.1233 | 0 | get 0.0000% / 1h | 6m 14s | $30K | $112K | 25x |
| Short | ApeX Omni OPUSDT | 0.1231 | 0.0100 | get 0.0013% / 1h | 6m 14s | $43K | $687K | 50x |
Deribit OP_USDC-PERPETUAL
ApeX Omni OPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Deribit. 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
- $21
- Price spread: −0.162% → +0.040%
- −$20.22
- Slippage, 4 orders
- −$40.68
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$56.9
- Costs to cover
- 0.577%
- Break-even
- 26.0 days
Slippage from Deribit: live order book, 40 min ago; ApeX Omni: live order book, 40 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 Deribit live order book, 40 min ago | 4.04 bp | 7.5 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 40 min ago | 8.09 bp | 16.7 bp −$17 | 119.9 bp −$1,199 | doesn't fit | doesn't fit |
OP on 30 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| GMX OP/USD [OP-USDC] | L −0.0886% / S +0.0200% | 1h | 0.1234 | +0.092% | $13K | — | 100x | as long as short |
| Hyperliquid OP | −0.0468% | 1h | 0.1232 | −0.089% | $3.8M | $3.9M | 5x | as long as short |
| Extended OP-USD | −0.0112% | 1h | 0.1232 | −0.056% | $98K | $575K | 25x | as long as short |
| Binance OPUSDT | −0.0109% | 8h | 0.1233 | +0.014% | $19.0M | $66.0M | 75x | as long as short |
| MEXC OP_USDT | −0.0108% | 8h | 0.1233 | +0.024% | $21.6M | $7.4M | 300x | as long as short |
| Orderly PERP_OP_USDC | −0.0078% | 8h | 0.1232 | −0.081% | $12K | $232K | 10x | as long as short |
| Gate OP_USDT | −0.0051% | 8h | 0.1234 | +0.049% | $1.9M | $1.4M | 50x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0048% | 1h | 0.1233 | 0.000% | $24K | $69K | 50x | as long as short |
| GRVT OP_USDT_Perp | −0.0006% | 8h | 0.1231 | −0.163% | $305K | $5.8M | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1233 | +0.039% | $38K | $522 | 10x | as long as short |
GMX OP/USD [OP-USDC]
Hyperliquid OP
Extended OP-USD
Binance OPUSDT
MEXC OP_USDT
Orderly PERP_OP_USDC
Gate OP_USDT
Coinbase International OP-PERP-INTX
GRVT OP_USDT_Perp
dYdX OP-USDShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit OP_USDC-PERPETUALlong | 0.0000% | 1h | 0.1233 | long leg | $30K | $112K | 25x | |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1234 | +0.049% | — | — | 150x | as long as short |
| BloFin OP-USDT | +0.0011% | 8h | 0.1232 | −0.073% | $975K | $277K | 75x | as long as short |
| Injective OP/USDC PERP | +0.0033% | 1h | 0.1257 | +1.946% | $35K | $67K | 12x | as long as short |
| Aevo OP-PERP | +0.0056% | 1h | 0.1233 | −0.011% | $3K | $1K | 3x | as long as short |
| Variational Omni OP | +0.0056% | 8h | 0.1228 | −0.378% | $218K | $45K | — | as long as short |
| SoDEX OP-USD | +0.0067% | 1h | 0.1233 | −0.016% | $185 | $5K | 5x | as long as short |
| KuCoin OPUSDTM | +0.0093% | 8h | 0.1232 | −0.081% | $2.9M | $5.4M | 75x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1233 | +0.032% | $256K | $1.1M | 15x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1233 | +0.035% | $204K | $211K | 10x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1233 | +0.008% | $17.8M | $24.5M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1232 | −0.049% | $5.9M | $27.1M | 50x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1233 | 0.000% | $5.8M | $6.7M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1233 | 0.000% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1232 | −0.049% | $115K | $213K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1230 | −0.227% | $4K | $1.1M | 10x | as long as short |
| ApeX Omni OPUSDTshort | +0.0100% | 1h | 0.1231 | −0.162% | $43K | $687K | 50x | |
| HTX OP-USDT | +0.0100% | 8h | 0.1234 | +0.041% | $167K | $262K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.0157% | 1h | 0.1234 | +0.049% | $732K | $736K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0447% | 1h | 0.1233 | −0.013% | $686 | — | 20x | as long as short |
gTrade (Gains Network) OP/USD
BloFin OP-USDT
Injective OP/USDC PERP
Aevo OP-PERP
Variational Omni OP
SoDEX OP-USD
KuCoin OPUSDTM
Lighter OP
Aster OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
HTX OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP