Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.067%
Price spread now: ApeX Omni against Deribit−0.079%7-day average +0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$570.568% of the position
Funding, last 7 days+0.280%+$28 on $10k
+Price spread, last 3 days (all we have)+0.176%+$18 · spread now −0.079%, 7d avg +0.044%
=Funding pays, the price is against you. ApeX Omni is 0.123% cheaper against Deribit than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of +0.044%). If the spread goes back, that is −$12 on $10k: about 4.1 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit OP_USDC-PERPETUAL | 0.1263 | 0 | get 0.0000% / 1h | 55m 04s | $42K | $151K | 25x |
| Short | ApeX Omni OPUSDT | 0.1262 | 0.0100 | get 0.0013% / 1h | 55m 04s | $43K | $706K | 50x |
Deribit OP_USDC-PERPETUAL
ApeX Omni OPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Deribit. 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
- $21
- Price spread: −0.079% → +0.044%
- −$12.29
- Slippage, 4 orders
- −$39.78
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$48.07
- Costs to cover
- 0.568%
- Break-even
- 23.0 days
Slippage from Deribit: live order book, 8 min ago; ApeX Omni: live order book, 9 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 Deribit live order book, 8 min ago | 7.91 bp | 11.4 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 9 min ago | 7.91 bp | 16.2 bp −$16 | 109.5 bp −$1,095 | doesn't fit | doesn't fit |
OP on 29 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 | −0.1488% | 1h | 0.1260 | −0.238% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1263 | +0.024% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1266 | +0.221% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUALlong | 0.0000% | 1h | 0.1263 | long leg | $42K | $151K | 25x | |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1264 | +0.057% | — | — | 150x | as long as short |
| OKX OP-USDT-SWAP | +0.0045% | 8h | 0.1264 | +0.087% | $6.1M | $29.1M | 50x | as long as short |
| Variational Omni OP | +0.0051% | 8h | 0.1268 | +0.399% | $223K | $50K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0054% | 8h | 0.1263 | 0.000% | $6K | $45K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1265 | +0.158% | $280K | $934K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1265 | +0.150% | $3.7M | $3.0M | 5x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
gTrade (Gains Network) OP/USD
OKX OP-USDT-SWAP
Variational Omni OP
Orderly PERP_OP_USDC
Lighter OP
Hyperliquid OPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.0100% | 8h | 0.1264 | +0.115% | $211K | $229K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1264 | +0.103% | $20.3M | $60.6M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1264 | +0.048% | $18.4M | $25.3M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1265 | +0.135% | $1.9M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1265 | +0.127% | $20.7M | $6.9M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1263 | 0.000% | $2.9M | $6.8M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1264 | +0.079% | $5.9M | $6.5M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1265 | +0.158% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1263 | +0.040% | $121K | $195K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1261 | −0.145% | $4K | $388K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1262 | −0.080% | $311K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDTshort | +0.0100% | 1h | 0.1262 | −0.079% | $43K | $706K | 50x | |
| SoDEX OP-USD | +0.0100% | 1h | 0.1263 | +0.024% | $182 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1267 | +0.285% | $175K | $218K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1262 | −0.076% | $101K | $392K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1263 | +0.002% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0152% | 1h | 0.1265 | +0.158% | $24K | $71K | 50x | as long as short |
| Reya OPRUSDPERP | +0.0440% | 1h | 0.1262 | −0.048% | $702 | — | 20x | as long as short |
| Kraken Futures PF_OPUSD | +0.0491% | 1h | 0.1265 | +0.124% | $799K | $584K | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
Reya OPRUSDPERP
Kraken Futures PF_OPUSD