Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Hyperliquid against ApeX Omni+0.338%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$620.620% of the position
Funding, last 7 days−0.126%−$13 on $10k
+Price spread, last 4 days (all we have)−0.514%−$51 · spread now +0.338%, 7d avg −0.015%
=Together, before fees−0.640%+ Points / potential airdropHyperliquid: Season 2 · farm board−$64 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: Hyperliquid is 0.353% dearer against ApeX Omni than usual: you sell high and buy low, +$35 on $10k if it goes back to its 7-day average of −0.015%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni OPUSDT | 0.1271 | 0.0100 | pay 0.0013% / 1h | 54m 51s | $44K | $711K | 50x |
| Short | Hyperliquid OP | 0.1275 | 0.0100 | get 0.0013% / 1h | 54m 51s | $3.7M | $2.8M | 5x |
ApeX Omni OPUSDT
Hyperliquid OPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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: +0.338% → −0.015%
- $35.29
- Slippage, 4 orders
- −$42.98
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$26.69
- Costs to cover
- 0.620%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 64 min ago; Hyperliquid: live order book, 7 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, 64 min ago | 11.88 bp | 20.8 bp −$21 | 112.7 bp −$1,127 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 0.39 bp | 8.3 bp −$8 | doesn't fit | 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 | −0.1568% | 1h | 0.1262 | −0.708% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1273 | +0.177% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1270 | −0.073% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1273 | +0.157% | $42K | $139K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1274 | +0.203% | — | — | 150x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0032% | 1h | 0.1262 | −0.708% | $24K | $62K | 50x | as long as short |
| Orderly PERP_OP_USDC | +0.0054% | 8h | 0.1273 | +0.157% | $6K | $45K | 10x | as long as short |
| Kraken Futures PF_OPUSD | +0.0056% | 1h | 0.1274 | +0.262% | $788K | $548K | 20x | as long as short |
| Variational Omni OP | +0.0060% | 8h | 0.1267 | −0.305% | $224K | $48K | — | as long as short |
| OKX OP-USDT-SWAP | +0.0074% | 8h | 0.1274 | +0.228% | $6.2M | $28.7M | 50x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Coinbase International OP-PERP-INTX
Orderly PERP_OP_USDC
Kraken Futures PF_OPUSD
Variational Omni OP
OKX OP-USDT-SWAPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter OP | +0.0096% | 1h | 0.1274 | +0.236% | $280K | $941K | 15x | as long as short |
| Hyperliquid OPshort | +0.0100% | 1h | 0.1275 | +0.338% | $3.7M | $2.8M | 5x | |
| Aster OPUSDT | +0.0100% | 8h | 0.1274 | +0.235% | $213K | $216K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1274 | +0.253% | $20.6M | $60.5M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1273 | +0.165% | $18.8M | $24.8M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1273 | +0.197% | $2.0M | $1.4M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1275 | +0.275% | $21.5M | $7.1M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1273 | +0.157% | $2.9M | $6.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1274 | +0.236% | $5.9M | $6.4M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1273 | +0.181% | — | $6.3M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1274 | +0.268% | $122K | $202K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1269 | −0.133% | $4K | $387K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1269 | −0.163% | $317K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDTlong | +0.0100% | 1h | 0.1271 | long leg | $44K | $711K | 50x | |
| SoDEX OP-USD | +0.0100% | 1h | 0.1273 | +0.197% | $205 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1272 | +0.110% | $175K | $226K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1272 | +0.108% | $104K | $390K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1273 | +0.160% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1274 | +0.220% | $1.0M | $281K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0441% | 1h | 0.1272 | +0.054% | $707 | — | 20x | as long as short |
Lighter OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
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
Reya OPRUSDPERP