Funding you earn now, next payment 04:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.09 per $10,000 · paid last 24h +0.120%
Price spread now: ApeX Omni against Coinbase International−0.315%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+0.321%+$32 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. ApeX Omni is 0.315% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.315% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$31 on $10k: about 15 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.321% in total) that is about 6.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International OP-PERP-INTX | 0.1270 | 0.0032 | pay 0.0004% / 1h | 22m 34s | $25K | $58K | 50x |
| Short | ApeX Omni OPUSDT | 0.1266 | 0.0100 | get 0.0013% / 1h | 22m 34s | $43K | $709K | 50x |
Coinbase International OP-PERP-INTX
ApeX Omni OPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Coinbase International. 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
- $14.28
- Price spread: −0.315% → 0.000%
- −$31.5
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$37.22
- Costs to cover
- 0.200%
- Break-even
- 25.2 days
Slippage unknown: Coinbase International: no order-book sample; ApeX Omni: live order book, 31 min ago. 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell ApeX Omni live order book, 31 min ago | 11.76 bp | 21.7 bp −$22 | 130.5 bp −$1,305 | doesn't fit | doesn't fit |
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 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 | 0.1258 | −0.945% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1263 | −0.531% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1261 | −0.727% | $39K | $532 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1263 | −0.551% | $42K | $138K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1263 | −0.551% | — | — | 150x | as long as short |
| Coinbase International OP-PERP-INTXlong | +0.0032% | 1h | 0.1270 | long leg | $25K | $58K | 50x | |
| Variational Omni OP | +0.0045% | 8h | 0.1264 | −0.487% | $223K | $48K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0054% | 8h | 0.1263 | −0.551% | $6K | $46K | 10x | as long as short |
| Kraken Futures PF_OPUSD | +0.0057% | 1h | 0.1263 | −0.547% | $775K | $553K | 20x | as long as short |
| OKX OP-USDT-SWAP | +0.0092% | 8h | 0.1259 | −0.835% | $6.2M | $28.4M | 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
Variational Omni OP
Orderly PERP_OP_USDC
Kraken Futures PF_OPUSD
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 | 0.1260 | −0.764% | $274K | $946K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1261 | −0.717% | $3.7M | $2.8M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1260 | −0.769% | $210K | $216K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1259 | −0.858% | $20.4M | $61.1M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1259 | −0.898% | $18.5M | $24.9M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1260 | −0.748% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1259 | −0.850% | $21.1M | $7.3M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1261 | −0.709% | $2.8M | $6.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1259 | −0.866% | $5.8M | $6.5M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1259 | −0.882% | — | $6.3M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1262 | −0.661% | $117K | $207K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1265 | −0.398% | $4K | $385K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1264 | −0.491% | $306K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDTshort | +0.0100% | 1h | 0.1266 | −0.315% | $43K | $709K | 50x | |
| SoDEX OP-USD | +0.0100% | 1h | 0.1262 | −0.638% | $195 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1263 | −0.559% | $171K | $231K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1258 | −0.927% | $102K | $393K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1263 | −0.581% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1261 | −0.693% | $1.0M | $279K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0442% | 1h | 0.1263 | −0.586% | $702 | — | 20x | as long as short |
Lighter OP
Hyperliquid 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