Settings8H · net · $10k
Funding arb · Price arb /

OP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.025%
Price spread now: ApeX Omni against MEXC+0.016%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$470.471% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.067%+$7 on $10k
Price spread, last 4 days (all we have)+0.169%+$17 · spread now +0.016%, 7d avg +0.042%
Together, before fees+0.236%+$24 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 0.026% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.042%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC OP_USDT0.12530.0100pay 0.0100% / 8h2h 03m$23.1M$7.7M300x
ShortApeX Omni OPUSDT0.12530.0100get 0.0013% / 1h3m 07s$43K$704K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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

Funding earned
$0
Price spread: +0.016% → +0.042%
−$2.56
Slippage, 4 orders
−$37.05
Fee MEXC: 0 bp × 2 orders
$0
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$49.62
Costs to cover
0.471%
Break-even
never at this rate
Slippage from MEXC: live order book, 1 min ago; ApeX Omni: live order book, 46 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 1 min ago0.80 bp3.4 bp −$312.2 bp −$12271.6 bp −$7,164125.1 bp −$62.6K
Sell ApeX Omni live order book, 46 min ago11.77 bp21.0 bp −$21114.0 bp −$1,140doesn't fitdoesn't fit

OP on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective OP/USDC PERP−0.1583%1h0.1247−0.463%$34K$59K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1251−0.128%$13K100xas long as short
Deribit OP_USDC-PERPETUAL−0.0548%1h0.1252−0.064%$33K$153K25xas long as short
Orderly PERP_OP_USDC−0.0013%8h0.1252−0.064%$59K$142K10xas long as short
dYdX OP-USD0.0000%1h0.1252−0.060%$39K$53210xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1252−0.089%150xas long as short
Variational Omni OP+0.0005%8h0.1253+0.050%$222K$46Kas long as short
Bybit OPUSDT+0.0060%8h0.1252−0.064%$18.4M$25.7M75xas long as short
Kraken Futures PF_OPUSD+0.0074%1h0.1254+0.100%$752K$633K20xas long as short
OKX OP-USDT-SWAP+0.0095%8h0.1253−0.016%$6.1M$29.1M50xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter OP+0.0096%1h0.1253+0.008%$275K$1.1M15xas long as short
Hyperliquid OP+0.0100%1h0.1252−0.032%$3.4M$3.3M5xas long as short
Aster OPUSDT+0.0100%8h0.1253+0.054%$204K$213K10xas long as short
Binance OPUSDT+0.0100%8h0.1252−0.037%$19.6M$64.9M75xas long as short
Gate OP_USDT+0.0100%8h0.1253−0.008%$2.0M$1.5M50xas long as short
MEXC OP_USDTlong+0.0100%8h0.1253long leg$23.1M$7.7M300x
KuCoin OPUSDTM+0.0100%8h0.1251−0.144%$2.8M$6.3M75xas long as short
Bitget OPUSDT+0.0100%8h0.1252−0.064%$5.8M$6.7M75xas long as short
BingX OP-USDT+0.0100%8h0.1253−0.024%$6.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1252−0.056%$105K$214K10xas long as short
edgeX OPUSDC+0.0100%4h0.1253+0.020%$380K$768K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1254+0.069%$309K$5.4M10xas long as short
ApeX Omni OPUSDTshort+0.0100%1h0.1253+0.016%$43K$704K50x
SoDEX OP-USD+0.0100%1h0.1253−0.024%$207$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1252−0.072%$174K$244K50xas long as short
Extended OP-USD+0.0104%1h0.1252−0.060%$101K$506K25xas long as short
Aevo OP-PERP+0.0104%1h0.1252−0.053%$3K$1K3xas long as short
Coinbase International OP-PERP-INTX+0.0160%1h0.1254+0.096%$26K$60K50xas long as short
BloFin OP-USDT+0.0220%8h0.1252−0.040%$985K$306K75xas long as short
Reya OPRUSDPERP+0.0443%1h0.1250−0.203%$69520xas long as short