BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0095%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.020%

Price spread now: Aftermath Perps against ApeX Omni−0.013%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on ApeX Omni Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.050%+$5 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.013%, 7d avg +0.015%

Together, before fees+0.064%+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aftermath Perps is 0.027% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.015%). If the spread goes back, that is −$3 on $10k: about 23 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BTCUSDT	85,578.6	0.0100	pay 0.0013% / 1h	42m 43s	$140.0M	$316.4M	100x
Short	Aftermath Perps BTCUSD	85,567.8	0.0195	get 0.0024% / 1h	42m 43s	$78K	$219K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now −0.013%Rate

Funding earned: $20.05
Price spread: −0.013% → +0.015%: −$2.71
Slippage, 4 orders: −$10.98
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$12.64
Costs to cover: 0.300%
Break-even: 11.4 days

Slippage from ApeX Omni: live order book, 1 min ago; Aftermath Perps: live order book, 21 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 ApeX Omni live order book, 1 min ago	0.34 bp	5.3 bp −$5	5.3 bp −$53	14.8 bp −$1,478	41.1 bp −$20.5K
Sell Aftermath Perps live order book, 21 min ago	1.00 bp	9.9 bp −$10	doesn't fit	doesn't fit	doesn't fit

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
Phoenix BTC	−0.0160%	1h	85,485	−0.109%	$2.2M	$10.3M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,574	−0.005%	$8K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0048%	1h	85,639.1	+0.071%	$369K	$2.3M	50x	as long as short
BloFin BTC-USDT	−0.0033%	8h	85,602.1	+0.027%	$416.5M	$662.4M	150x	as long as short
dYdX BTC-USD	0.0000%	1h	85,643.2	+0.076%	$16.8M	$20.9M	50x	as long as short
Nado BTC-PERP	+0.0003%	1h	85,585.6	+0.008%	$22.8M	$221.7M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,609.1	+0.036%	$36.7M	—	200x	as long as short
KuCoin XBTUSDTM	+0.0014%	8h	85,612.7	+0.040%	$907.3M	$749.7M	125x	as long as short
Aster BTCUSDT	+0.0020%	8h	85,621.3	+0.050%	$516.0M	$1.11B	200x	as long as short
BingX BTC-USDC	+0.0053%	8h	85,626.9	+0.056%	—	$17.0M	—	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya BTCRUSDPERP	+0.0066%	1h	85,580.1	+0.002%	$6.7M	$146.4M	40x	as long as short
Bitget BTCUSDT	+0.0067%	8h	85,639.1	+0.071%	$2.95B	$5.02B	150x	as long as short
HTX BTC-USDT	+0.0072%	8h	85,610.9	+0.038%	$2.27B	$932.2M	200x	as long as short
Phemex BTCUSDT	+0.0073%	8h	85,619.1	+0.047%	$148.4M	$478.6M	150x	as long as short
Injective BTC/USDC PERP	+0.0079%	1h	85,617	+0.045%	$340K	$26.9M	52x	as long as short
Aevo BTC-PERP	+0.0080%	1h	85,623.4	+0.052%	$2.5M	$1.7M	20x	as long as short
SunX BTC-USDT	+0.0086%	8h	85,577.7	−0.001%	$2.9M	$6.1M	100x	as long as short
MEXC BTC_USDT	+0.0086%	8h	85,639.9	+0.072%	$5.04B	$5.60B	500x	as long as short
Binance BTCUSDT	+0.0087%	8h	85,630	+0.060%	$9.33B	$23.89B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,636.2	+0.067%	$169.6M	$986.8M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,639	+0.071%	$23.9M	$147.8M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,599	+0.024%	$8.4M	$51.9M	100x	as long as short
Paradex BTC-USD-PERP	+0.0099%	8h	85,682.8	+0.122%	$3.8M	$8.3M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,609	+0.036%	$204K	$7.7M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,693	+0.134%	$3.78B	$4.94B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,656.6	+0.091%	$40.2M	$571.1M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,649.9	+0.083%	$5.34B	$9.58B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,650	+0.083%	$2.57B	$12.12B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,635	+0.066%	$3.9M	$17.9M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,599.1	+0.024%	$7.3M	$97.2M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,562.7	−0.019%	$616.1M	$358.9M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,644.1	+0.077%	$5.55B	$10.46B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,603.4	+0.029%	$35.1M	$171.7M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,485	−0.109%	$154.0M	$550.0M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,511.8	−0.078%	$278.9M	$932.4M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,432.8	−0.170%	$214.5M	$161.8M	50x	as long as short
ApeX Omni BTCUSDTlong	+0.0100%	1h	85,578.6	long leg	$140.0M	$316.4M	100x
StandX BTC-USD	+0.0100%	1h	85,570.9	−0.009%	$30.3M	$211.2M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,641.2	+0.073%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,584	+0.006%	$11.0M	$14.1M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,600.3	+0.025%	$189K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,609.5	+0.036%	$2.4M	$8.8M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,653.4	+0.087%	$197K	$722K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,626.8	+0.056%	$30.0M	$52.5M	15x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,634	+0.065%	$59.9M	$336.2M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,619.9	+0.048%	$44.0M	$227.2M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,578.5	0.000%	—	$106.1M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	85,650.9	+0.084%	$130.9M	$5.08B	50x	as long as short
Deribit BTC-PERPETUAL	+0.0118%	1h	85,665.3	+0.101%	$893.4M	$1.52B	50x	as long as short
RISEx BTC/USDC	+0.0120%	1h	85,663	+0.099%	$8.3M	$42.2M	25x	as long as short
Kraken Futures PF_XBTUSD	+0.0138%	1h	85,645	+0.078%	$187.6M	$948.8M	100x	as long as short
Aftermath Perps BTCUSDshort	+0.0195%	1h	85,567.8	−0.013%	$78K	$219K	20x
Hibachi BTC/USDT-P	+0.0200%	1h	85,583.5	+0.006%	$697K	$7.9M	30x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0203% / S −0.0180%	1h	85,604.8	+0.031%	$13.6M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0211%	8h	85,630	+0.060%	$10.6M	$760.4M	6.4x	as long as short
Perpl BTC	+0.0447%	43m	85,626.4	+0.056%	$524K	$19.5M	6.7x	as long as short