Settings8H · net · $10k
Funding arb · Price arb /

OP

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Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against Gate−0.300%111s7-day average +0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$830.834% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.143%+$14 on $10k
Price spread, last 4 days (all we have)+0.997%+$100 · spread now −0.300%, 7d avg +0.064%
Together, before fees+1.141%+$114 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: ApeX Omni is 0.364% cheaper against Gate than usual: you would sell low and buy high, −$36 on $10k if it goes back to its 7-day average of +0.064%. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate OP_USDT0.12650.0100pay 0.0100% / 8h6h 01m$2.0M$1.6M50x
ShortApeX Omni OPUSDT0.12610.0100get 0.0013% / 1h1m 36s$43K$707K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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

Funding earned
$0
Price spread: −0.300% → +0.064%
−$36.4
Slippage, 4 orders
−$58.45
Fee Gate: 7.5 bp × 2 orders
−$15
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$119.84
Costs to cover
0.834%
Break-even
never at this rate
Slippage from Gate: live order book, 1 min ago; ApeX Omni: live order book, 67 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 1 min ago2.76 bp20.1 bp −$2051.7 bp −$517doesn't fitdoesn't fit
Sell ApeX Omni live order book, 67 min ago11.77 bp20.0 bp −$20112.2 bp −$1,122doesn't fitdoesn't fit

OP on 29 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective OP/USDC PERP−0.1535%1h0.1258−0.538%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1266+0.113%$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0184%1h0.1279+1.123%$25K$72K50xas long as short
dYdX OP-USD0.0000%1h0.1265+0.004%$39K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1266+0.095%$42K$151K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1266+0.095%150xas long as short
Orderly PERP_OP_USDC+0.0053%8h0.1265+0.016%$6K$46K10xas long as short
Variational Omni OP+0.0054%8h0.1259−0.425%$223K$50Kas long as short
OKX OP-USDT-SWAP+0.0060%8h0.1265−0.024%$6.1M$29.3M50xas long as short
Lighter OP+0.0096%1h0.1265+0.055%$281K$949K15xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid OP+0.0100%1h0.1266+0.063%$3.7M$3.0M5xas long as short
Aster OPUSDT+0.0100%8h0.1266+0.076%$211K$229K10xas long as short
Binance OPUSDT+0.0100%8h0.1265−0.016%$20.3M$61.1M75xas long as short
Bybit OPUSDT+0.0100%8h0.1264−0.087%$18.4M$25.5M75xas long as short
Gate OP_USDTlong+0.0100%8h0.1265long leg$2.0M$1.6M50x
MEXC OP_USDT+0.0100%8h0.1264−0.047%$20.7M$7.5M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1264−0.063%$2.9M$6.8M75xas long as short
Bitget OPUSDT+0.0100%8h0.1264−0.063%$5.9M$6.5M75xas long as short
BingX OP-USDT+0.0100%8h0.1264−0.032%$6.8Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1265+0.024%$121K$197K10xas long as short
edgeX OPUSDC+0.0100%4h0.1264−0.070%$4K$389K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1263−0.104%$311K$5.1M10xas long as short
ApeX Omni OPUSDTshort+0.0100%1h0.1261−0.300%$43K$707K50x
SoDEX OP-USD+0.0100%1h0.1265+0.008%$181$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1266+0.095%$175K$221K50xas long as short
Extended OP-USD+0.0104%1h0.1264−0.046%$101K$392K25xas long as short
Aevo OP-PERP+0.0104%1h0.1265+0.012%$3K$1K3xas long as short
Reya OPRUSDPERP+0.0440%1h0.1265+0.046%$70420xas long as short
Kraken Futures PF_OPUSD+0.0461%1h0.1266+0.119%$799K$583K20xas long as short