BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.02 per $10,000 · paid last 24h −0.005%

Price spread now: ApeX Omni against Aevo−0.017%50s7-day average +0.024% · 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—prices read too far apart to compare

costs, in and out, $10k−$310.313% of the position

Long on Aevo Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 4 days (all we have)+0.075%+$8 · spread now −0.017%, 7d avg +0.024%

Together, before fees+0.101%+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.041% cheaper against Aevo than usual: you would sell low and buy high (spread −0.017% now, against its 7-day average of +0.024%). If the spread goes back, that is −$4 on $10k: about 12 days of funding at the current rate ($0 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo BTC-PERP	85,605.2	0.0088	pay 0.0011% / 1h	49m 29s	$2.5M	$1.7M	20x
Short	ApeX Omni BTCUSDT	85,590.3	0.0100	get 0.0013% / 1h	49m 29s	$139.9M	$314.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aevo. 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 AevobpFee ApeX OmnibpOrdersPrice spread, now −0.017%Rate

Funding earned: $2.52
Price spread: −0.017% → +0.024%: −$4.15
Slippage, 4 orders: −$5.32
Fee Aevo: 8 bp × 2 orders: −$16
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$32.94
Costs to cover: 0.313%
Break-even: 98.5 days

Slippage from Aevo: live order book, 5 min ago; ApeX Omni: live order book, 5 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 Aevo live order book, 5 min ago	0.95 bp	10.1 bp −$10	11.2 bp −$112	14.7 bp −$1,468	doesn't fit
Sell ApeX Omni live order book, 5 min ago	0.73 bp	5.7 bp −$6	5.8 bp −$58	9.2 bp −$918	37.3 bp −$18.7K

BTC on 56 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
Bluefin BTC-PERP	−0.1630%	1h	85,626.9	+0.025%	$194K	$725K	40x	as long as short
Phoenix BTC	−0.0179%	1h	85,568	−0.043%	$2.2M	$10.3M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,667	+0.072%	$8K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0040%	1h	85,567.7	−0.044%	$371K	$2.3M	50x	as long as short
BloFin BTC-USDT	−0.0031%	8h	85,599.8	−0.006%	$417.7M	$665.6M	150x	as long as short
KuCoin XBTUSDTM	−0.0002%	8h	85,550.2	−0.064%	$919.0M	$749.3M	125x	as long as short
dYdX BTC-USD	0.0000%	1h	85,605.7	+0.001%	$16.7M	$21.2M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,597.3	−0.009%	$36.6M	—	200x	as long as short
Aster BTCUSDT	+0.0016%	8h	85,557.4	−0.056%	$515.7M	$1.10B	200x	as long as short
Arcus BTC-USD	+0.0021%	1h	85,541.8	−0.074%	$6.9M	$97.1M	40x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado BTC-PERP	+0.0056%	1h	85,560.6	−0.052%	$22.5M	$218.7M	50x	as long as short
BingX BTC-USDC	+0.0058%	8h	85,547.5	−0.067%	—	$17.1M	—	as long as short
Bitget BTCUSDT	+0.0075%	8h	85,548	−0.067%	$2.96B	$5.01B	150x	as long as short
Reya BTCRUSDPERP	+0.0077%	1h	85,538.6	−0.078%	$6.7M	$146.6M	40x	as long as short
Aevo BTC-PERPlong	+0.0088%	1h	85,605.2	long leg	$2.5M	$1.7M	20x
MEXC BTC_USDT	+0.0089%	8h	85,561	−0.052%	$5.04B	$5.58B	500x	as long as short
Binance BTCUSDT	+0.0090%	8h	85,555.3	−0.058%	$9.33B	$23.96B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,577	−0.033%	$173.8M	$1.00B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,576.6	−0.033%	$23.8M	$148.1M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,559	−0.054%	$8.4M	$52.6M	100x	as long as short
SoDEX BTC-USD	+0.0097%	1h	85,581	−0.028%	$60.0M	$336.1M	40x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,632.1	+0.031%	$3.8M	$8.3M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,537	−0.080%	$232K	$7.9M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,646	+0.048%	$3.74B	$4.97B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,605	0.000%	$40.1M	$575.8M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,559.8	−0.053%	$5.32B	$9.58B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,563.4	−0.049%	$2.57B	$12.08B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,562	−0.050%	$3.9M	$17.9M	25x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,696.6	+0.107%	$648.3M	$574.6M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,566.2	−0.046%	$5.54B	$10.54B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,561.4	−0.051%	$35.8M	$175.8M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,584.4	−0.024%	$156.6M	$560.5M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,637.5	+0.038%	$279.7M	$917.8M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,650.2	+0.053%	$214.9M	$165.8M	50x	as long as short
ApeX Omni BTCUSDTshort	+0.0100%	1h	85,590.3	−0.017%	$139.9M	$314.8M	100x
StandX BTC-USD	+0.0100%	1h	85,613.8	+0.010%	$30.3M	$207.5M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,617	+0.014%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,548	−0.067%	$11.0M	$14.2M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,590.8	−0.017%	$194K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,575.4	−0.035%	$2.4M	$8.7M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,580.2	−0.029%	$30.0M	$50.9M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,576.4	−0.034%	$2.9M	$6.1M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,582.5	−0.026%	$2.27B	$938.3M	200x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,581.9	−0.027%	$150.9M	$482.7M	150x	as long as short
Extended BTC-USD	+0.0104%	1h	85,537.4	−0.079%	$44.5M	$226.2M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,633.8	+0.033%	—	$106.5M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,621	+0.019%	$117.4M	$5.14B	50x	as long as short
Injective BTC/USDC PERP	+0.0150%	1h	85,670	+0.076%	$340K	$26.9M	52x	as long as short
Kraken Futures PF_XBTUSD	+0.0170%	1h	85,601.2	−0.005%	$188.6M	$952.6M	100x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0176% / S −0.0151%	1h	85,598.4	−0.008%	$13.4M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0184%	1h	85,616.9	+0.014%	$698K	$7.9M	30x	as long as short
RISEx BTC/USDC	+0.0194%	1h	85,587.1	−0.021%	$8.4M	$42.4M	25x	as long as short
Deribit BTC-PERPETUAL	+0.0196%	1h	85,631.3	+0.031%	$893.2M	$1.53B	50x	as long as short
Aftermath Perps BTCUSD	+0.0200%	1h	85,664.4	+0.069%	$78K	$219K	20x	as long as short
Kalshi KXBTCPERP	+0.0218%	8h	85,619	+0.016%	$10.7M	$758.6M	6.4x	as long as short
Perpl BTC	+0.0447%	43m	85,632.2	+0.032%	$495K	$18.9M	6.7x	as long as short