OP

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: ApeX Omni against Lighter−0.430%78s7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as 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−$630.633% of the position

Long on Lighter Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 3 days (all we have)+0.807%+$81 · spread now −0.430%, 7d avg +0.014%

Together, before fees+0.825%+ Points / potential airdropLighter: Season 3 · farm board+$82 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 0.443% cheaper against Lighter than usual: you would sell low and buy high, −$44 on $10k if it goes back to its 7-day average of +0.014%. The two prices were read 78 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	Lighter OP	0.1256	0.0096	pay 0.0012% / 1h	32m 18s	$268K	$897K	15x
Short	ApeX Omni OPUSDT	0.1251	0.0100	get 0.0013% / 1h	32m 18s	$45K	$718K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter. 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

Position, each leg$Hold fordaysFee LighterbpFee ApeX OmnibpOrdersPrice spread, now −0.430%Rate

Funding earned: $0.84
Price spread: −0.430% → +0.014%: −$44.33
Slippage, 4 orders: −$53.3
Fee Lighter: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$106.8
Costs to cover: 0.633%
Break-even: 897.0 days

Slippage from Lighter: live order book, 13 min ago; ApeX Omni: live order book, 17 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 Lighter live order book, 13 min ago	4.82 bp	14.9 bp −$15	38.1 bp −$381	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 17 min ago	12.08 bp	21.1 bp −$21	123.3 bp −$1,233	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	−0.1622%	1h	0.1245	−0.907%	$34K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1066% / S +0.0229%	1h	0.1255	−0.089%	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0304%	1h	0.1237	−1.544%	$21K	$64K	50x	as long as short
Variational Omni OP	−0.0026%	8h	0.1250	−0.512%	$228K	$43K	—	as long as short
dYdX OP-USD	0.0000%	1h	0.1256	−0.038%	$39K	$519	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1256	−0.032%	$44K	$184K	25x	as long as short
Kraken Futures PF_OPUSD	+0.0001%	1h	0.1256	−0.001%	$777K	$744K	20x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1256	−0.060%	—	—	150x	as long as short
Orderly PERP_OP_USDC	+0.0016%	8h	0.1256	−0.032%	$6K	$51K	10x	as long as short
Gate OP_USDT	+0.0085%	8h	0.1256	−0.048%	$1.8M	$1.4M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter OPlong	+0.0096%	1h	0.1256	long leg	$268K	$897K	15x
OKX OP-USDT-SWAP	+0.0098%	8h	0.1255	−0.088%	$5.8M	$29.8M	50x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1255	−0.072%	$3.9M	$2.9M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1256	−0.067%	$213K	$255K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1256	−0.016%	$20.2M	$63.1M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1256	−0.064%	$18.5M	$25.7M	75x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1255	−0.088%	$20.3M	$7.2M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1255	−0.111%	$2.9M	$7.5M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1256	−0.032%	$6.0M	$6.3M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	0.1256	−0.032%	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1254	−0.191%	$128K	$196K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1250	−0.536%	$9K	$380K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1250	−0.506%	$313K	$5.3M	10x	as long as short
ApeX Omni OPUSDTshort	+0.0100%	1h	0.1251	−0.430%	$45K	$718K	50x
SoDEX OP-USD	+0.0100%	1h	0.1256	−0.064%	$150	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1257	+0.008%	$178K	$244K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1255	−0.081%	$100K	$206K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1255	−0.084%	$4K	—	3x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1253	−0.310%	$982K	$294K	75x	as long as short
Reya OPRUSDPERP	+0.0435%	1h	0.1255	−0.141%	$698	—	20x	as long as short