Settings8H · net · $10k
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Funding arb · Price arb /

BTC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 22:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.001%
Price spread now: ApeX Omni against KuCoin+0.092%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$220.223% of the position
Long on KuCoinShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 7 days+0.066%+$7 on $10k
Price spread, last 7 days−0.108%−$11 · spread now +0.092%, 7d avg +0.009%
Together, before fees−0.043%−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.083% dearer against KuCoin than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.009%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin XBTUSDTM86,675.30.0006pay 0.0006% / 8h2h 11m$851.3M$707.8M125x
ShortApeX Omni BTCUSDT86,754.90.0100get 0.0013% / 1h11m 14s$141.6M$322.7M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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

Funding earned
$19.74
Price spread: +0.092% → +0.009%
$8.34
Slippage, 4 orders
−$0.35
Fee KuCoin: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$5.73
Costs to cover
0.223%
Break-even
5.0 days
Slippage from KuCoin: live order book, 8 min ago; ApeX Omni: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 8 min ago0.01 bp6.0 bp −$66.2 bp −$627.3 bp −$729doesn't fit
Sell ApeX Omni live order book, 3 min ago0.17 bp5.2 bp −$55.2 bp −$529.0 bp −$90437.1 bp −$18.5K

BTC on 56 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps BTCUSD−0.0246%1h86,727+0.060%$85K$188K20xas long as short
Perpl BTC−0.0223%43m86,703.5+0.033%$425K$24.6M6.7xas long as short
Phoenix BTC−0.0103%1h86,676+0.001%$2.2M$12.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,680+0.005%$9K$3K50xas long as short
dYdX BTC-USD−0.0062%1h86,692.6+0.020%$17.6M$20.6M50xas long as short
01 Exchange BTCUSD0.0000%1h86,704.4+0.034%$362K$2.4M50xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,705.7+0.035%$928.0M$1.47B50xas long as short
Aster BTCUSDT+0.0004%8h86,663.3−0.014%$506.0M$1.16B200xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,702+0.031%$36.9M—200xas long as short
KuCoin XBTUSDTMlong+0.0006%8h86,675.3long leg$851.3M$707.8M125x
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0022%1h86,678.2+0.003%$6.7M$144.4M40xas long as short
BingX BTC-USDC+0.0028%8h86,670−0.006%—$15.4M—as long as short
Phemex BTCUSDT+0.0029%8h86,679.3+0.005%$150.1M$472.0M150xas long as short
Bitget BTCUSDT+0.0036%8h86,673.3−0.002%$2.96B$5.09B150xas long as short
Injective BTC/USDC PERP+0.0049%1h86,770+0.109%$316K$26.8M52xas long as short
Binance BTCUSDT+0.0060%8h86,677.1+0.002%$9.43B$24.37B150xas long as short
MEXC BTC_USDT+0.0060%8h86,682.3+0.008%$5.19B$5.71B500xas long as short
RISEx BTC/USDC+0.0063%1h86,700+0.029%$9.3M$41.9M25xas long as short
Aevo BTC-PERP+0.0064%1h86,672−0.004%$2.4M$1.3M20xas long as short
Gate BTC_USDT+0.0082%8h86,678.5+0.004%$5.85B$10.69B200xas long as short
Bybit BTCUSDT+0.0084%8h86,673.5−0.002%$5.28B$9.72B150xas long as short
OKX BTC-USDT-SWAP+0.0091%8h86,675.40.000%$2.56B$12.74B100xas long as short
Lighter BTC+0.0096%1h86,682.8+0.009%$171.9M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h86,690.8+0.018%$24.1M$154.2M50xas long as short
Popdex BTCUSDT+0.0096%1h86,683+0.009%$8.5M$52.3M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,672−0.004%$201K$6.8M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,739+0.074%$4.8M$8.2M50xas long as short
Nado BTC-PERP+0.0100%1h86,681.2+0.007%$21.7M$235.3M50xas long as short
Hyperliquid BTC+0.0100%1h86,759+0.097%$3.82B$5.12B40xas long as short
Pacifica BTC+0.0100%1h86,719.3+0.051%$41.0M$494.9M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,680+0.005%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,754.2+0.091%$7.4M$94.8M40xas long as short
Bulk BTC-USD+0.0100%1h86,682.4+0.008%$572.6M$21.1M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,687.5+0.014%$38.2M$149.8M75xas long as short
Variational Omni BTC+0.0100%8h86,796.1+0.139%$159.7M$566.8M—as long as short
edgeX BTCUSDC+0.0100%4h86,761.4+0.099%$280.3M$953.0M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,716+0.047%$217.6M$186.9M50xas long as short
ApeX Omni BTCUSDTshort+0.0100%1h86,754.9+0.092%$141.6M$322.7M100x
StandX BTC-USD+0.0100%1h86,730.5+0.064%$30.8M$203.8M40xas long as short
Vest BTC-PERP+0.0100%1h86,740.2+0.075%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,679+0.004%$11.1M$13.7M50xas long as short
Bullet BTC-USD+0.0100%1h86,682.3+0.008%$196K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,688.3+0.015%$2.4M$8.6M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,700.7+0.029%$141K$619K40xas long as short
Derive BTC-PERP+0.0100%1h86,696.2+0.024%$30.0M$61.8M15xas long as short
SunX BTC-USDT+0.0100%8h86,686.9+0.013%$3.4M$5.5M100xas long as short
SoDEX BTC-USD+0.0100%1h86,671−0.005%$60.6M$336.6M40xas long as short
HTX BTC-USDT+0.0100%8h86,670.8−0.005%$2.30B$959.6M200xas long as short
Extended BTC-USD+0.0104%1h86,657.4−0.021%$46.4M$226.6M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,710.9+0.041%—$98.8M500xas long as short
Kraken Futures PF_XBTUSD+0.0116%1h86,701.4+0.030%$187.9M$934.0M100xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,719.2+0.051%$131.9M$5.84B50xas long as short
Kalshi KXBTCPERP+0.0167%8h86,710+0.040%$9.6M$727.7M6.4xas long as short
BloFin BTC-USDT+0.0180%8h86,682.4+0.008%$416.7M$655.5M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0180% / S −0.0209%1h86,697.7+0.026%$15.0M—200xas long as short
Hibachi BTC/USDT-P+0.0192%1h86,711.1+0.041%$780K$7.8M30xas long as short