BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0066%/8h= −7.2% APRnext payment −$0.08 per $10,000 · paid last 24h −0.025%

Price spread now: 01 Exchange against ApeX Omni−0.014%7-day average −0.012% · 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−$19as in the Price arb table

costs, in and out, $10k−$190.191% of the position

Long on ApeX Omni Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.089%−$9 on $10k

Price spread, last 7 days+0.026%+$3 · spread now −0.014%, 7d avg −0.012%

Together, before fees−0.063%−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BTCUSDT	85,421.4	0.0066	pay 0.0008% / 1h	40m 44s	$139.6M	$312.8M	100x
Short	01 Exchange BTCUSD	85,409.4	0	get 0.0000% / 1h	40m 44s	$348K	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.014%Rate

Funding earned: −$13.76
Price spread: −0.014% → −0.012%: −$0.21
Slippage, 4 orders: −$2.15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$33.11
Costs to cover: 0.191%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 3 min ago; 01 Exchange: 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, 3 min ago	0.14 bp	5.1 bp −$5	5.1 bp −$51	9.2 bp −$916	39.6 bp −$19.8K
Sell 01 Exchange live order book, 3 min ago	0.01 bp	4.8 bp −$5	9.8 bp −$98	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
Hotstuff BTC-PERP	−0.0080%	1h	85,391	−0.036%	$8K	$3K	50x	as long as short
Phoenix BTC	−0.0034%	1h	85,472	+0.059%	$2.3M	$10.8M	40x	as long as short
KuCoin XBTUSDTM	−0.0025%	8h	85,361.6	−0.070%	$930.7M	$775.3M	125x	as long as short
BloFin BTC-USDT	−0.0022%	8h	85,388.6	−0.038%	$421.1M	$682.5M	150x	as long as short
Aster BTCUSDT	−0.0005%	8h	85,360.7	−0.071%	$511.9M	$1.08B	200x	as long as short
01 Exchange BTCUSDshort	0.0000%	1h	85,409.4	−0.014%	$348K	$2.3M	50x
Perpl BTC	0.0000%	43m	85,409.9	−0.013%	$465K	$18.3M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,401.4	−0.023%	$36.5M	—	200x	as long as short
dYdX BTC-USD	+0.0005%	1h	85,389.7	−0.037%	$16.7M	$21.0M	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0026%	1h	85,403.3	−0.021%	$185.8M	$952.4M	100x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni BTCUSDTlong	+0.0066%	1h	85,421.4	long leg	$139.6M	$312.8M	100x
Injective BTC/USDC PERP	+0.0067%	1h	85,367	−0.064%	$338K	$24.6M	52x	as long as short
BingX BTC-USDT	+0.0067%	8h	85,342.7	−0.092%	—	$1.57B	—	as long as short
Nado BTC-PERP	+0.0082%	1h	85,408.6	−0.015%	$24.1M	$220.1M	50x	as long as short
Bybit BTCUSDT	+0.0083%	8h	85,336.5	−0.099%	$5.13B	$9.98B	150x	as long as short
Bitget BTCUSDT	+0.0092%	8h	85,338.6	−0.097%	$2.97B	$5.17B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,361.6	−0.070%	$168.7M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,360.6	−0.071%	$23.6M	$148.0M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,391	−0.036%	$8.4M	$57.4M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,387.1	−0.040%	$2.4M	$6.7M	20x	as long as short
MEXC BTC_USDT	+0.0097%	8h	85,360	−0.072%	$5.05B	$5.73B	500x	as long as short
Binance BTCUSDT	+0.0099%	8h	85,360.6	−0.071%	$9.41B	$25.01B	150x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,374	−0.055%	$272K	$8.7M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,416.4	−0.006%	$5.8M	$9.5M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,450	+0.033%	$3.75B	$5.07B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,392	−0.034%	$40.1M	$605.5M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,350	−0.084%	$2.60B	$12.21B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,344	−0.091%	$3.8M	$17.4M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,364	−0.067%	$4.7M	$96.7M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,349	−0.085%	$691.7M	$275.1M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,372.2	−0.058%	$5.53B	$11.04B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,379.1	−0.050%	$37.2M	$184.9M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,361.8	−0.070%	$156.0M	$553.1M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,384.5	−0.043%	$283.1M	$956.0M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,426.5	+0.006%	$214.4M	$159.5M	50x	as long as short
StandX BTC-USD	+0.0100%	1h	85,395.3	−0.031%	$30.1M	$209.8M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,456.5	+0.041%	—	$10.1M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,392	−0.034%	$11.0M	$14.7M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,396.4	−0.029%	$197K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,389.1	−0.038%	$2.6M	$9.8M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,426.2	+0.006%	$194K	$795K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,373.2	−0.056%	$30.0M	$45.9M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,386.8	−0.041%	$2.9M	$6.1M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,388	−0.039%	$59.8M	$336.5M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,388.8	−0.038%	$2.26B	$967.3M	200x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,396.5	−0.029%	$159.0M	$514.5M	150x	as long as short
Deribit BTC-PERPETUAL	+0.0102%	1h	85,431.9	+0.012%	$840.7M	$1.66B	50x	as long as short
Extended BTC-USD	+0.0104%	1h	85,344.5	−0.090%	$45.5M	$241.1M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,400.2	−0.025%	—	$106.0M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,430.1	+0.010%	$112.3M	$5.48B	50x	as long as short
Reya BTCRUSDPERP	+0.0138%	1h	85,376.1	−0.053%	$6.6M	$146.2M	40x	as long as short
Kalshi KXBTCPERP	+0.0173%	8h	85,425	+0.004%	$12.0M	$736.5M	6.4x	as long as short
RISEx BTC/USDC	+0.0174%	1h	85,370.5	−0.060%	$8.8M	$42.8M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0175% / S −0.0147%	1h	85,400.1	−0.025%	$13.0M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0200%	1h	85,459.3	+0.044%	$684K	$7.7M	30x	as long as short
Aftermath Perps BTCUSD	+0.0298%	1h	85,453.3	+0.037%	$79K	$252K	20x	as long as short