Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.039%
Price spread now: Binance against ApeX Omni+0.177%89s7-day average −0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as 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−$590.593% of the position
Funding, last 7 days−0.071%−$7 on $10k
+Price spread, last 3 days (all we have)−0.437%−$44 · spread now +0.177%, 7d avg −0.048%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.224% dearer against ApeX Omni than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.048%. The two prices were read 89 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 | ApeX Omni OPUSDT | 0.1278 | 0.0100 | pay 0.0013% / 1h | 18m 09s | $46K | $721K | 50x |
| Short | Binance OPUSDT | 0.1280 | 0.0100 | get 0.0100% / 8h | 1h 18m | $20.8M | $61.8M | 75x |
ApeX Omni OPUSDT
Binance OPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against ApeX Omni. 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: +0.177% → −0.048%
- $22.42
- Slippage, 4 orders
- −$39.34
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$36.92
- Costs to cover
- 0.593%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 66 min ago; Binance: live order book, 9 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 ApeX Omni live order book, 66 min ago | 11.86 bp | 20.4 bp −$20 | 120.0 bp −$1,200 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 0.39 bp | 8.4 bp −$8 | 24.7 bp −$247 | 98.7 bp −$9,869 | 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 | −0.1710% | 1h | 0.1270 | −0.626% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1281 | +0.255% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0360% | 1h | 0.1269 | −0.704% | $21K | $64K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1280 | +0.141% | $40K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1281 | +0.235% | $42K | $171K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1281 | +0.235% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0053% | 8h | 0.1278 | −0.032% | $233K | $53K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0058% | 8h | 0.1280 | +0.156% | $6K | $49K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1281 | +0.258% | $280K | $911K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1281 | +0.227% | $4.1M | $2.9M | 5x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Variational Omni OP
Orderly PERP_OP_USDC
Lighter OP
Hyperliquid OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.0100% | 8h | 0.1281 | +0.230% | $214K | $241K | 10x | as long as short |
| Binance OPUSDTshort | +0.0100% | 8h | 0.1280 | +0.177% | $20.8M | $61.8M | 75x | |
| Bybit OPUSDT | +0.0100% | 8h | 0.1280 | +0.125% | $18.8M | $25.4M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1280 | +0.141% | $6.0M | $30.3M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1281 | +0.235% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1281 | +0.219% | $20.2M | $7.1M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1280 | +0.156% | $2.9M | $7.5M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1281 | +0.235% | $6.1M | $6.2M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1280 | +0.188% | — | $6.8M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1280 | +0.149% | $125K | $192K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1278 | +0.024% | $9K | $383K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1279 | +0.078% | $320K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDTlong | +0.0100% | 1h | 0.1278 | long leg | $46K | $721K | 50x | |
| SoDEX OP-USD | +0.0100% | 1h | 0.1280 | +0.188% | $184 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1280 | +0.172% | $177K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1281 | +0.196% | $102K | $186K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1280 | +0.192% | $4K | — | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1279 | +0.078% | $1.0M | $289K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0225% | 1h | 0.1282 | +0.286% | $801K | $745K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0437% | 1h | 0.1280 | +0.153% | $712 | — | 20x | as long as short |
Aster OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
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
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP