Funding you earn now, next payment 10:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.03 per $10,000 · paid last 24h −0.009%
Price spread now: Injective against ApeX Omni+0.086%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$200.199% of the position
Funding, last 7 days−0.025%−$3 on $10k
+Price spread, last 4 days (all we have)−0.164%−$16 · spread now +0.086%, 7d avg +0.012%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 0.074% dearer against ApeX Omni than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni BTCUSDT | 86,140.2 | −0.0012 | get 0.0002% / 1h | 58m 46s | $138.1M | $295.2M | 100x |
| Short | Injective BTC/USDC PERP | 86,214 | 0.0009 | get 0.0001% / 1h | 58m 46s | $301K | $26.1M | 52x |
ApeX Omni BTCUSDT
Injective BTC/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $4.41
- Price spread: +0.086% → +0.012%
- $7.39
- Slippage, 4 orders
- −$9.91
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$8.13
- Costs to cover
- 0.199%
- Break-even
- 19.9 days
Slippage from ApeX Omni: live order book, 4 min ago; Injective: live order book, 3 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, 4 min ago | 0.62 bp | 5.6 bp −$6 | 5.6 bp −$56 | 7.8 bp −$780 | 36.7 bp −$18.4K |
| Sell Injective live order book, 3 min ago | 3.54 bp | 4.4 bp −$4 | 21.1 bp −$211 | doesn't fit | doesn't fit |
BTC on 55 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,197 | +0.066% | $8K | $2K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0024% | 1h | 86,172.5 | +0.037% | $363K | $2.0M | 50x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 86,167.3 | +0.031% | $421.9M | $567.7M | 150x | as long as short |
| Popdex BTCUSDT | −0.0016% | 1h | 86,164 | +0.028% | $8.8M | $45.6M | 100x | as long as short |
| SoDEX BTC-USD | −0.0013% | 1h | 86,182 | +0.049% | $65.8M | $188.0M | 40x | as long as short |
| ApeX Omni BTCUSDTlong | −0.0012% | 1h | 86,140.2 | long leg | $138.1M | $295.2M | 100x | |
| dYdX BTC-USD | 0.0000% | 1h | 86,211.4 | +0.083% | $16.9M | $14.5M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,197.3 | +0.066% | $483K | $13.8M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 86,166 | +0.030% | $36.8M | — | 200x | as long as short |
| Injective BTC/USDC PERPshort | +0.0009% | 1h | 86,214 | +0.086% | $301K | $26.1M | 52x |
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
Popdex BTCUSDT
SoDEX BTC-USD
dYdX BTC-USD
Perpl BTC
gTrade (Gains Network) BTC/USDShow all 55 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0029% | 8h | 86,194.9 | +0.063% | — | $16.4M | — | as long as short |
| Kraken Futures PF_XBTUSD | +0.0029% | 1h | 86,193.7 | +0.062% | $191.6M | $777.6M | 100x | as long as short |
| Aster BTCUSDT | +0.0032% | 8h | 86,203.5 | +0.073% | $513.7M | $881.9M | 200x | as long as short |
| Bybit BTCUSDT | +0.0037% | 8h | 86,182.2 | +0.049% | $5.15B | $8.18B | 150x | as long as short |
| KuCoin XBTUSDTM | +0.0052% | 8h | 86,236.6 | +0.112% | $944.1M | $638.1M | 125x | as long as short |
| Phoenix BTC | +0.0053% | 1h | 86,176 | +0.042% | $2.0M | $7.3M | 40x | as long as short |
| Gate BTC_USDT | +0.0073% | 8h | 86,230.8 | +0.105% | $5.53B | $8.86B | 200x | as long as short |
| Phemex BTCUSDT | +0.0086% | 8h | 86,177.5 | +0.043% | $170.7M | $480.3M | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,228.9 | +0.103% | $173.9M | $850.3M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,228.5 | +0.102% | $23.6M | $118.3M | 50x | as long as short |
| Bitget BTCUSDT | +0.0096% | 8h | 86,214.2 | +0.086% | $2.99B | $4.01B | 150x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 86,167.9 | +0.032% | $2.4M | $6.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,155 | +0.017% | $219K | $8.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,239.8 | +0.116% | $6.0M | $7.8M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,210.3 | +0.081% | $23.4M | $197.5M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,237 | +0.112% | $40.5M | $570.0M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 86,211.5 | +0.083% | $9.47B | $20.82B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,180.3 | +0.047% | $2.62B | $9.55B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,168 | +0.032% | $4.0M | $15.2M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,207.6 | +0.078% | $4.2M | $90.5M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,033.4 | −0.124% | $714.5M | $139.4M | 40x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 86,182.4 | +0.049% | $5.18B | $4.81B | 500x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,173.4 | +0.039% | $38.7M | $195.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,112.6 | −0.032% | $157.8M | $476.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,094.9 | −0.053% | $289.8M | $841.1M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,135.4 | −0.006% | $216.3M | $132.2M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,222.4 | +0.095% | $30.3M | $222.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,234.8 | +0.110% | — | $9.3M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,182 | +0.049% | $11.1M | $12.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,189 | +0.057% | $204K | $3.2M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,186.7 | +0.054% | $2.7M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,238.2 | +0.114% | $195K | $565K | 40x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,177.9 | +0.044% | $3.3M | $7.0M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,167.3 | +0.031% | $2.28B | $808.3M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,187.5 | +0.055% | $46.9M | $204.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 86,188.3 | +0.056% | — | $81.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,225 | +0.098% | $112.4M | $5.00B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0161% | 8h | 86,222 | +0.095% | $11.8M | $731.2M | 6.4x | as long as short |
| Reya BTCRUSDPERP | +0.0162% | 1h | 86,164 | +0.028% | $6.6M | $131.2M | 40x | as long as short |
| Hyperliquid BTC | +0.0163% | 1h | 86,316 | +0.204% | $3.98B | $4.41B | 40x | as long as short |
| RISEx BTC/USDC | +0.0187% | 1h | 86,190.7 | +0.059% | $8.9M | $37.4M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0209% / S −0.0248% | 1h | 86,194.1 | +0.063% | $15.6M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0233% | 1h | 86,240 | +0.116% | $822.6M | $1.52B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0336% | 1h | 86,284.2 | +0.167% | $718K | $7.0M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0435% | 1h | 86,179.1 | +0.045% | $81K | $244K | 20x | as long as short |
BingX BTC-USDC
Kraken Futures PF_XBTUSD
Aster BTCUSDT
Bybit BTCUSDT
KuCoin XBTUSDTM
Phoenix BTC
Gate BTC_USDT
Phemex BTCUSDT
Lighter BTC
Lighter RH BTC
Bitget BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Pacifica BTC
Binance BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
MEXC BTC_USDT
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
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kalshi KXBTCPERP
Reya BTCRUSDPERP
Hyperliquid BTC
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Deribit BTC-PERPETUAL
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD