Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.009%
Price spread now: Bulk against ApeX Omni−0.013%7-day average −0.007% · 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−$20as in the Price arb table
costs, in and out, $10k−$190.192% of the position
Funding, last 3 days (all we have)+0.017%+$2 on $10k
+Price spread, last 7 days+0.023%+$2 · spread now −0.013%, 7d avg −0.007%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni BTCUSDT | 86,464.5 | 0.0100 | pay 0.0013% / 1h | 7m 37s | $141.5M | $323.1M | 100x |
| Short | Bulk BTC-USD | 86,452.9 | 0.0100 | get 0.0013% / 1h | 7m 37s | $572.2M | $12.3M | 40x |
ApeX Omni BTCUSDT
Bulk BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.013% → −0.007%
- −$0.62
- Slippage, 4 orders
- −$2.24
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$19.86
- Costs to cover
- 0.192%
- Break-even
- 40799948857751872.0 days
Slippage from ApeX Omni: live order book, 2 min ago; Bulk: live order book, 2 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, 2 min ago | 1.10 bp | 6.1 bp −$6 | 6.2 bp −$62 | 16.3 bp −$1,629 | 39.0 bp −$19.5K |
| Sell Bulk live order book, 2 min ago | 0.01 bp | 3.5 bp −$4 | 3.5 bp −$35 | 3.5 bp −$351 | 4.5 bp −$2,272 |
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 | −0.0118% | 1h | 86,444 | −0.024% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,516 | +0.060% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,345 | −0.138% | $332K | $26.9M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,495.7 | +0.036% | $8.3M | $42.7M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 86,502.7 | +0.044% | $360K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,492.8 | +0.033% | $412K | $22.4M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0005% | 1h | 86,540.1 | +0.087% | $36.8M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0010% | 8h | 86,515.1 | +0.058% | $501.8M | $1.15B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0022% | 8h | 86,512.7 | +0.056% | $834.6M | $728.2M | 125x | as long as short |
| Reya BTCRUSDPERP | +0.0036% | 1h | 86,502.4 | +0.044% | $6.7M | $145.5M | 40x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
KuCoin XBTUSDTM
Reya BTCRUSDPERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0044% | 8h | 86,513.1 | +0.056% | — | $1.59B | — | as long as short |
| Phemex BTCUSDT | +0.0055% | 8h | 86,528.3 | +0.074% | $151.2M | $478.6M | 150x | as long as short |
| Bitget BTCUSDT | +0.0055% | 8h | 86,504.6 | +0.046% | $2.97B | $5.13B | 150x | as long as short |
| dYdX BTC-USD | +0.0063% | 1h | 86,506.6 | +0.049% | $16.9M | $21.2M | 50x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,511.6 | +0.054% | $2.5M | $1.4M | 20x | as long as short |
| MEXC BTC_USDT | +0.0074% | 8h | 86,512.6 | +0.056% | $5.16B | $5.69B | 500x | as long as short |
| Binance BTCUSDT | +0.0074% | 8h | 86,503.4 | +0.045% | $9.44B | $24.53B | 150x | as long as short |
| Gate BTC_USDT | +0.0082% | 8h | 86,510.9 | +0.054% | $5.85B | $10.81B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,526 | +0.071% | $170.2M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,533.7 | +0.080% | $23.9M | $152.9M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,487 | +0.026% | $8.5M | $52.3M | 100x | as long as short |
| Bybit BTCUSDT | +0.0099% | 8h | 86,521.3 | +0.066% | $5.27B | $9.79B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,475 | +0.012% | $196K | $7.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,547.9 | +0.096% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,475.2 | +0.012% | $21.8M | $233.9M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,595.1 | +0.151% | $3.80B | $5.10B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,546.2 | +0.094% | $41.1M | $538.1M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,524.8 | +0.070% | $2.55B | $12.74B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,540 | +0.087% | $3.9M | $18.4M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,545.7 | +0.094% | $7.3M | $96.0M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,526.9 | +0.072% | $38.0M | $155.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,407.7 | −0.066% | $157.0M | $567.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,442.3 | −0.026% | $279.2M | $947.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,461.1 | −0.004% | $217.1M | $172.4M | 50x | as long as short |
| ApeX Omni BTCUSDTlong | +0.0100% | 1h | 86,464.5 | long leg | $141.5M | $323.1M | 100x | |
| StandX BTC-USD | +0.0100% | 1h | 86,448 | −0.019% | $30.7M | $206.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,528.1 | +0.074% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,499 | +0.040% | $11.1M | $13.9M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,510 | +0.053% | $193K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,521.2 | +0.066% | $2.5M | $9.3M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,556.9 | +0.107% | $141K | $663K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,554.5 | +0.104% | $30.5M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,497.7 | +0.038% | $3.4M | $5.3M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,523 | +0.068% | $60.5M | $338.1M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,511.5 | +0.054% | $2.30B | $968.2M | 200x | as long as short |
| Bulk BTC-USDshort | +0.0100% | 1h | 86,452.9 | −0.013% | $572.2M | $12.3M | 40x | |
| Extended BTC-USD | +0.0104% | 1h | 86,492.6 | +0.032% | $45.8M | $225.6M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,494.7 | +0.035% | — | $100.0M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,556 | +0.106% | $193.1M | $953.1M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,569.7 | +0.122% | $132.3M | $5.64B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0160% | 1h | 86,482.6 | +0.021% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0184% | 1h | 86,501.5 | +0.043% | $717K | $8.1M | 30x | as long as short |
| BloFin BTC-USDT | +0.0194% | 8h | 86,461.9 | −0.003% | $415.2M | $658.5M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0199% / S −0.0224% | 1h | 86,524.7 | +0.070% | $15.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0207% | 8h | 86,518 | +0.062% | $10.1M | $752.3M | 6.4x | as long as short |
| Deribit BTC-PERPETUAL | +0.0440% | 1h | 86,592.5 | +0.148% | $913.7M | $1.49B | 50x | as long as short |
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
dYdX BTC-USD
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Gate BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Bybit BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Deribit BTC-PERPETUAL