OP

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.2034%/8h= −222.7% APRnext payment −$2.54 per $10,000 · paid last 24h −0.357%

Price spread now: Injective against ApeX Omni+0.560%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−1.393%−$139 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 0.560% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.560% now, against zero (this spread has no 7-day history yet)): +$56 on $10k if it goes back. Holding the pair costs −$61 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−1.393% in total) that is about 2.8 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.393% in total (about -72.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.54 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

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	1m 14s	$43K	$688K	50x
Short	Injective OP/USDC PERP	0.1257	−0.1934	pay 0.0242% / 1h	1m 14s	$35K	$67K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee InjectivebpOrdersPrice spread, now +0.560%Rate

Funding earned: −$427.12
Price spread: +0.560% → 0.000%: $56
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$381.14
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 50 min ago; Injective: 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, 50 min ago	12.03 bp	22.3 bp −$22	109.4 bp −$1,094	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Injective OP/USDC PERPshort	−0.1934%	1h	0.1257	+0.560%	$35K	$67K	12x
GMX OP/USD [OP-USDC]	L −0.0886% / S +0.0200%	1h	0.1246	−0.338%	$13K	—	100x	as long as short
Deribit OP_USDC-PERPETUAL	−0.0553%	1h	0.1245	−0.400%	$31K	$112K	25x	as long as short
Orderly PERP_OP_USDC	−0.0058%	8h	0.1245	−0.400%	$12K	$232K	10x	as long as short
Binance OPUSDT	−0.0011%	8h	0.1245	−0.384%	$19.2M	$66.3M	75x	as long as short
MEXC OP_USDT	−0.0011%	8h	0.1245	−0.424%	$22.0M	$7.6M	300x	as long as short
Extended OP-USD	−0.0008%	1h	0.1245	−0.424%	$100K	$581K	25x	as long as short
dYdX OP-USD	0.0000%	1h	0.1246	−0.320%	$39K	$522	10x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1246	−0.351%	—	—	150x	as long as short
Gate OP_USDT	+0.0024%	8h	0.1245	−0.384%	$2.0M	$1.4M	50x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT OP_USDT_Perp	+0.0039%	8h	0.1247	−0.275%	$304K	$5.5M	10x	as long as short
Variational Omni OP	+0.0068%	8h	0.1247	−0.203%	$221K	$46K	—	as long as short
Aevo OP-PERP	+0.0080%	1h	0.1260	+0.760%	$3K	$1K	3x	as long as short
Coinbase International OP-PERP-INTX	+0.0080%	1h	0.1244	−0.480%	$25K	$67K	50x	as long as short
BloFin OP-USDT	+0.0083%	8h	0.1247	−0.200%	$983K	$282K	75x	as long as short
SoDEX OP-USD	+0.0086%	1h	0.1245	−0.392%	$194	$5K	5x	as long as short
Lighter OP	+0.0096%	1h	0.1246	−0.352%	$264K	$1.1M	15x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1244	−0.448%	$3.8M	$3.9M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1245	−0.400%	$206K	$211K	10x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1245	−0.416%	$18.1M	$24.7M	75x	as long as short
OKX OP-USDT-SWAP	+0.0100%	8h	0.1245	−0.368%	$6.0M	$28.0M	50x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1245	−0.400%	$2.9M	$5.6M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1245	−0.400%	$5.8M	$6.7M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1245	−0.400%	—	$6.5M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1244	−0.480%	$109K	$219K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1248	−0.153%	$4K	$1.1M	10x	as long as short
ApeX Omni OPUSDTlong	+0.0100%	1h	0.1250	long leg	$43K	$688K	50x
HTX OP-USDT	+0.0100%	8h	0.1245	−0.360%	$168K	$252K	50x	as long as short
Reya OPRUSDPERP	+0.0446%	1h	0.1244	−0.477%	$692	—	20x	as long as short
Kraken Futures PF_OPUSD	+0.0513%	1h	0.1247	−0.219%	$742K	$747K	20x	as long as short