Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.022%
Price spread now: ApeX Omni against Coinbase International−0.290%75s7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as 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−$210.205% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 4 days (all we have)+0.239%+$24 · spread now −0.290%, 7d avg −0.036%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.254% cheaper against Coinbase International than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of −0.036%. The two prices were read 75 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 | Coinbase International BTC-PERP-INTX | 85,340.9 | 0.0096 | pay 0.0012% / 1h | 19m 37s | $116.9M | $5.40B | 50x |
| Short | ApeX Omni BTCUSDT | 85,093.4 | 0.0100 | get 0.0013% / 1h | 19m 37s | $139.1M | $315.0M | 100x |
Coinbase International BTC-PERP-INTX
ApeX Omni BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Coinbase International. 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
- $0.84
- Price spread: −0.290% → −0.036%
- −$25.39
- Slippage, 4 orders
- −$0.52
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$45.07
- Costs to cover
- 0.205%
- Break-even
- 382.6 days
Slippage from Coinbase International: 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 Coinbase International live order book, 5 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 6.2 bp −$617 | 13.0 bp −$6,513 |
| Sell ApeX Omni live order book, 5 min ago | 0.25 bp | 5.3 bp −$5 | 5.3 bp −$53 | 9.2 bp −$915 | 37.7 bp −$18.8K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl BTC | −0.0112% | 43m | 85,298.5 | −0.050% | $527K | $18.4M | 6.7x | as long as short |
| Phoenix BTC | −0.0111% | 1h | 85,134 | −0.242% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,313 | −0.033% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0054% | 8h | 85,308.1 | −0.038% | $922.6M | $764.7M | 125x | as long as short |
| BloFin BTC-USDT | −0.0034% | 8h | 85,226.9 | −0.134% | $419.4M | $680.0M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 85,304.5 | −0.043% | $354K | $2.4M | 50x | as long as short |
| Aster BTCUSDT | −0.0015% | 8h | 85,319.2 | −0.025% | $512.7M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,297 | −0.051% | $16.7M | $21.4M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,302.2 | −0.045% | $36.4M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 85,225 | −0.136% | $338K | $26.8M | 52x | as long as short |
Perpl BTC
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
01 Exchange BTCUSD
Aster BTCUSDT
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0036% | 1h | 85,281.6 | −0.070% | $24.8M | $222.4M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0056% | 1h | 85,321.4 | −0.023% | $187.6M | $954.1M | 100x | as long as short |
| BingX BTC-USDT | +0.0067% | 8h | 85,329.8 | −0.013% | — | $1.56B | — | as long as short |
| Phemex BTCUSDT | +0.0074% | 8h | 85,308.6 | −0.038% | $147.5M | $505.3M | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,299.1 | −0.049% | $2.4M | $6.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0086% | 8h | 85,333.2 | −0.009% | $5.04B | $5.73B | 500x | as long as short |
| Bitget BTCUSDT | +0.0086% | 8h | 85,331.5 | −0.011% | $2.96B | $5.16B | 150x | as long as short |
| Binance BTCUSDT | +0.0087% | 8h | 85,333.2 | −0.009% | $9.43B | $24.83B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,330.5 | −0.012% | $171.3M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,334.8 | −0.007% | $23.7M | $148.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,296 | −0.053% | $8.3M | $55.8M | 100x | as long as short |
| Coinbase International BTC-PERP-INTXlong | +0.0096% | 1h | 85,340.9 | long leg | $116.9M | $5.40B | 50x | |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,305 | −0.042% | $238K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,380.2 | +0.046% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,401 | +0.070% | $3.75B | $5.07B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,350.1 | +0.011% | $40.0M | $597.7M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,326.4 | −0.017% | $5.14B | $9.95B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,333.3 | −0.009% | $2.58B | $12.19B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,323 | −0.021% | $3.8M | $17.5M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,331.9 | −0.011% | $4.6M | $99.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,163.7 | −0.208% | $678.5M | $565.0M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,326.5 | −0.017% | $5.51B | $11.01B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,306 | −0.041% | $36.3M | $176.5M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,218.8 | −0.143% | $154.2M | $561.4M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,112.3 | −0.268% | $279.0M | $947.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,107.4 | −0.274% | $213.8M | $166.1M | 50x | as long as short |
| ApeX Omni BTCUSDTshort | +0.0100% | 1h | 85,093.4 | −0.290% | $139.1M | $315.0M | 100x | |
| StandX BTC-USD | +0.0100% | 1h | 85,277.8 | −0.074% | $30.1M | $207.2M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,350.4 | +0.011% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,290 | −0.060% | $11.0M | $14.4M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,290.6 | −0.059% | $205K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,306.8 | −0.040% | $2.6M | $9.6M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,348.2 | +0.009% | $228K | $760K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,279.7 | −0.072% | $30.0M | $48.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,283 | −0.068% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,310 | −0.036% | $59.7M | $336.2M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,299 | −0.049% | $2.26B | $942.2M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,301.3 | −0.046% | $45.1M | $239.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,298.2 | −0.050% | — | $106.9M | 500x | as long as short |
| Deribit BTC-PERPETUAL | +0.0109% | 1h | 85,348.4 | +0.009% | $866.9M | $1.61B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0116% | 1h | 85,285.8 | −0.065% | $6.6M | $147.4M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,295.1 | −0.054% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0183% | 8h | 85,304 | −0.043% | $11.5M | $743.5M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0225% | 1h | 85,223.3 | −0.138% | $78K | $227K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0232% | 1h | 85,232.1 | −0.127% | $688K | $8.0M | 30x | as long as short |
| RISEx BTC/USDC | +0.0257% | 1h | 85,353 | +0.014% | $8.7M | $43.2M | 25x | as long as short |
Nado BTC-PERP
Kraken Futures PF_XBTUSD
BingX BTC-USDT
Phemex BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Bitget BTCUSDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate 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
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Deribit BTC-PERPETUAL
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
RISEx BTC/USDC