Funding you earn now, next payment 10:00 UTC−0.0148%/8h= −16.2% APRnext payment −$0.19 per $10,000 · paid last 24h −0.089%
Price spread now: Coinbase International against ApeX Omni−0.241%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.283%−$28 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Coinbase International is 0.241% cheaper against ApeX Omni than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni OPUSDT | 0.1247 | 0.0100 | pay 0.0013% / 1h | 54m 28s | $43K | $689K | 50x |
| Short | Coinbase International OP-PERP-INTX | 0.1244 | −0.0048 | pay 0.0006% / 1h | 54m 28s | $25K | $67K | 50x |
ApeX Omni OPUSDT
Coinbase International OP-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$31.08
- Price spread: −0.241% → 0.000%
- −$24.06
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$75.14
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: ApeX Omni: live order book, 57 min ago; Coinbase International: no order-book sample. Net counts fees only.
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, 57 min ago | 12.03 bp | 22.3 bp −$22 | 109.4 bp −$1,094 | doesn't fit | doesn't fit |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.1243 | −0.319% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0555% | 1h | 0.1242 | −0.401% | $30K | $113K | 25x | as long as short |
| Hyperliquid OP | −0.0488% | 1h | 0.1241 | −0.489% | $3.8M | $3.9M | 5x | as long as short |
| SoDEX OP-USD | −0.0060% | 1h | 0.1242 | −0.401% | $199 | $5K | 5x | as long as short |
| Orderly PERP_OP_USDC | −0.0059% | 8h | 0.1242 | −0.401% | $12K | $232K | 10x | as long as short |
| Coinbase International OP-PERP-INTXshort | −0.0048% | 1h | 0.1244 | −0.241% | $25K | $67K | 50x | |
| Binance OPUSDT | −0.0034% | 8h | 0.1241 | −0.460% | $19.2M | $65.9M | 75x | as long as short |
| MEXC OP_USDT | −0.0033% | 8h | 0.1241 | −0.457% | $21.9M | $7.3M | 300x | as long as short |
| Extended OP-USD | −0.0032% | 1h | 0.1241 | −0.472% | $100K | $581K | 25x | as long as short |
| Gate OP_USDT | −0.0012% | 8h | 0.1242 | −0.401% | $2.0M | $1.3M | 50x | as long as short |
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
Hyperliquid OP
SoDEX OP-USD
Orderly PERP_OP_USDC
Binance OPUSDT
MEXC OP_USDT
Extended OP-USD
Gate OP_USDTShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX OP-USD | 0.0000% | 1h | 0.1243 | −0.351% | $38K | $522 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1247 | −0.002% | — | — | 150x | as long as short |
| GRVT OP_USDT_Perp | +0.0022% | 8h | 0.1245 | −0.144% | $305K | $5.3M | 10x | as long as short |
| Injective OP/USDC PERP | +0.0033% | 1h | 0.1257 | +0.802% | $35K | $67K | 12x | as long as short |
| Variational Omni OP | +0.0069% | 8h | 0.1243 | −0.294% | $220K | $46K | — | as long as short |
| Aevo OP-PERP | +0.0072% | 1h | 0.1242 | −0.408% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0092% | 8h | 0.1243 | −0.345% | $979K | $281K | 75x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1242 | −0.377% | $263K | $1.1M | 15x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1243 | −0.321% | $206K | $210K | 10x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1241 | −0.449% | $18.0M | $24.6M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1242 | −0.425% | $6.0M | $27.6M | 50x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1242 | −0.401% | $2.9M | $5.6M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1242 | −0.401% | $5.8M | $6.7M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1242 | −0.401% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1242 | −0.393% | $109K | $220K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1245 | −0.121% | $4K | $1.1M | 10x | as long as short |
| ApeX Omni OPUSDTlong | +0.0100% | 1h | 0.1247 | long leg | $43K | $689K | 50x | |
| HTX OP-USDT | +0.0100% | 8h | 0.1244 | −0.209% | $168K | $252K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.0155% | 1h | 0.1244 | −0.251% | $739K | $748K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0446% | 1h | 0.1241 | −0.462% | $690 | — | 20x | as long as short |
dYdX OP-USD
gTrade (Gains Network) OP/USD
GRVT OP_USDT_Perp
Injective OP/USDC PERP
Variational Omni OP
Aevo OP-PERP
BloFin OP-USDT
Lighter OP
Aster OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
HTX OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP