Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%
Price spread now: Bybit against ApeX Omni+0.352%109s7-day average −0.096% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as 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−$650.647% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 4 days (all we have)−0.863%−$86 · spread now +0.352%, 7d avg −0.096%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.448% dearer against ApeX Omni than usual: you sell high and buy low, +$45 on $10k if it goes back to its 7-day average of −0.096%. The two prices were read 109 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 | 0.1250 | 0.0100 | pay 0.0013% / 1h | 47m 44s | $43K | $694K | 50x |
| Short | Bybit OPUSDT | 0.1254 | 0.0100 | get 0.0100% / 8h | 7h 47m | $18.3M | $26.3M | 75x |
ApeX Omni OPUSDT
Bybit OPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: +0.352% → −0.096%
- $44.78
- Slippage, 4 orders
- −$43.67
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$19.89
- Costs to cover
- 0.647%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 51 min ago; Bybit: live order book, 1 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, 51 min ago | 12.01 bp | 20.5 bp −$20 | 114.2 bp −$1,142 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.40 bp | 11.1 bp −$11 | 27.6 bp −$276 | 114.4 bp −$11.4K | 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 | −0.1328% | 1h | 0.1235 | −1.200% | $34K | $63K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1164% / S +0.0246% | 1h | 0.1253 | +0.260% | $13K | — | 100x | as long as short |
| Orderly PERP_OP_USDC | −0.0053% | 8h | 0.1253 | +0.240% | $12K | $235K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1255 | +0.383% | $39K | $522 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1253 | +0.240% | $31K | $164K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1253 | +0.240% | — | — | 150x | as long as short |
| GRVT OP_USDT_Perp | +0.0016% | 8h | 0.1249 | −0.080% | $310K | $5.3M | 10x | as long as short |
| KuCoin OPUSDTM | +0.0039% | 8h | 0.1254 | +0.320% | $2.8M | $6.0M | 75x | as long as short |
| Variational Omni OP | +0.0063% | 8h | 0.1250 | +0.035% | $221K | $47K | — | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1256 | +0.480% | $290K | $1.1M | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Orderly PERP_OP_USDC
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
GRVT OP_USDT_Perp
KuCoin OPUSDTM
Variational Omni OP
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1256 | +0.456% | $3.5M | $3.6M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1255 | +0.383% | $206K | $211K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1255 | +0.403% | $19.7M | $67.7M | 75x | as long as short |
| Bybit OPUSDTshort | +0.0100% | 8h | 0.1254 | +0.352% | $18.3M | $26.3M | 75x | |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1255 | +0.392% | $6.0M | $29.6M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1255 | +0.408% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1255 | +0.408% | $22.4M | $7.7M | 300x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1255 | +0.400% | $5.6M | $6.8M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1255 | +0.368% | — | $6.8M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1253 | +0.264% | $117K | $222K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1249 | −0.103% | $4K | $1.1M | 10x | as long as short |
| ApeX Omni OPUSDTlong | +0.0100% | 1h | 0.1250 | long leg | $43K | $694K | 50x | |
| SoDEX OP-USD | +0.0100% | 1h | 0.1253 | +0.232% | $192 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1253 | +0.272% | $167K | $259K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1254 | +0.318% | $100K | $613K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1253 | +0.231% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0112% | 1h | 0.1253 | +0.240% | $24K | $67K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.0154% | 1h | 0.1254 | +0.316% | $746K | $675K | 20x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1251 | +0.088% | $995K | $325K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0445% | 1h | 0.1253 | +0.207% | $696 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDT
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
Reya OPRUSDPERP