BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0037%/8h= +4.1% APRnext payment +$0.05 per $10,000 · paid last 24h −0.011%

Price spread now: ApeX Omni against RISEx+0.052%54s7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$170.170% of the position

Long on RISEx Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.009%−$1 on $10k

Price spread, last 7 days−0.090%−$9 · spread now +0.052%, 7d avg −0.001%

Together, before fees−0.099%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and ApeX Omni is 0.053% dearer against RISEx than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.001%. The two prices were read 54 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	RISEx BTC/USDC	86,768	0.0063	pay 0.0008% / 1h	14m 16s	$9.4M	$41.9M	25x
Short	ApeX Omni BTCUSDT	86,813.3	0.0100	get 0.0013% / 1h	14m 16s	$141.7M	$322.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against RISEx. 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 RISExbpFee ApeX OmnibpOrdersPrice spread, now +0.052%Rate

Funding earned: $7.87
Price spread: +0.052% → −0.001%: $5.28
Slippage, 4 orders: −$1.01
Fee RISEx: 3 bp × 2 orders: −$6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$3.86
Costs to cover: 0.170%
Break-even: 10.4 days

Slippage from RISEx: 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 RISEx live order book, 5 min ago	0.01 bp	3.7 bp −$4	3.8 bp −$38	10.8 bp −$1,078	doesn't fit
Sell ApeX Omni live order book, 5 min ago	0.14 bp	5.1 bp −$5	5.1 bp −$51	8.8 bp −$883	39.3 bp −$19.7K

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
Aftermath Perps BTCUSD	−0.0242%	1h	86,757.4	−0.012%	$85K	$188K	20x	as long as short
Perpl BTC	−0.0223%	43m	86,769.4	+0.002%	$426K	$24.6M	6.7x	as long as short
Phoenix BTC	−0.0103%	1h	86,739	−0.033%	$2.2M	$12.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,751	−0.020%	$9K	$3K	50x	as long as short
dYdX BTC-USD	−0.0061%	1h	86,782.5	+0.017%	$17.6M	$20.6M	50x	as long as short
01 Exchange BTCUSD	0.0000%	1h	86,776	+0.009%	$362K	$2.4M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,778.2	+0.012%	$36.9M	—	200x	as long as short
KuCoin XBTUSDTM	+0.0006%	8h	86,724.9	−0.050%	$850.4M	$707.6M	125x	as long as short
Aster BTCUSDT	+0.0007%	8h	86,739.9	−0.032%	$506.4M	$1.16B	200x	as long as short
Reya BTCRUSDPERP	+0.0021%	1h	86,744.3	−0.027%	$6.7M	$144.4M	40x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit BTC-PERPETUAL	+0.0022%	1h	86,791.7	+0.027%	$930.9M	$1.47B	50x	as long as short
Phemex BTCUSDT	+0.0024%	8h	86,753.2	−0.017%	$150.4M	$472.2M	150x	as long as short
BingX BTC-USDC	+0.0028%	8h	86,715.6	−0.060%	—	$15.4M	—	as long as short
Bitget BTCUSDT	+0.0036%	8h	86,722	−0.053%	$2.96B	$5.08B	150x	as long as short
Injective BTC/USDC PERP	+0.0049%	1h	86,639	−0.149%	$315K	$26.8M	52x	as long as short
MEXC BTC_USDT	+0.0061%	8h	86,727.7	−0.046%	$5.20B	$5.71B	500x	as long as short
Binance BTCUSDT	+0.0061%	8h	86,730.2	−0.044%	$9.44B	$24.37B	150x	as long as short
RISEx BTC/USDClong	+0.0063%	1h	86,768	long leg	$9.4M	$41.9M	25x
Aevo BTC-PERP	+0.0064%	1h	86,749.6	−0.021%	$2.4M	$1.3M	20x	as long as short
Gate BTC_USDT	+0.0082%	8h	86,754.7	−0.015%	$5.85B	$10.68B	200x	as long as short
Bybit BTCUSDT	+0.0085%	8h	86,723.3	−0.052%	$5.28B	$9.71B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0089%	8h	86,729.5	−0.044%	$2.56B	$12.75B	100x	as long as short
Lighter BTC	+0.0096%	1h	86,764.3	−0.004%	$172.0M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,776.5	+0.010%	$24.1M	$154.1M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,748	−0.023%	$8.5M	$52.3M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,742	−0.030%	$202K	$6.8M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,800.8	+0.038%	$4.8M	$8.2M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,746.6	−0.025%	$21.7M	$235.5M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,829	+0.070%	$3.82B	$5.12B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,789.4	+0.025%	$41.0M	$494.9M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,755	−0.015%	$3.9M	$18.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,820.6	+0.061%	$7.5M	$94.8M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,792.1	+0.028%	$573.3M	$22.0M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,730.1	−0.044%	$38.2M	$149.7M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,796.1	+0.032%	$159.7M	$566.8M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,776.5	+0.010%	$280.3M	$952.5M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,797.1	+0.033%	$218.0M	$187.7M	50x	as long as short
ApeX Omni BTCUSDTshort	+0.0100%	1h	86,813.3	+0.052%	$141.7M	$322.7M	100x
StandX BTC-USD	+0.0100%	1h	86,791.7	+0.027%	$30.8M	$203.9M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,813.9	+0.053%	—	$11.6M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,754	−0.016%	$11.1M	$13.7M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,757.2	−0.013%	$197K	$3.4M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,768.5	+0.001%	$2.5M	$8.5M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,777.3	+0.011%	$141K	$619K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,759.3	−0.010%	$30.0M	$61.8M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,752.1	−0.018%	$3.4M	$5.5M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,748	−0.023%	$60.6M	$336.6M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,734	−0.039%	$2.30B	$959.3M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,735.4	−0.038%	$46.3M	$226.8M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,789.6	+0.025%	—	$98.9M	500x	as long as short
Kraken Futures PF_XBTUSD	+0.0116%	1h	86,786.1	+0.021%	$188.1M	$933.9M	100x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,796.3	+0.033%	$131.9M	$5.85B	50x	as long as short
Kalshi KXBTCPERP	+0.0160%	8h	86,789	+0.024%	$9.7M	$727.5M	6.4x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0180% / S −0.0209%	1h	86,769.5	+0.002%	$15.0M	—	200x	as long as short
BloFin BTC-USDT	+0.0181%	8h	86,766.2	−0.002%	$415.5M	$656.2M	150x	as long as short
Hibachi BTC/USDT-P	+0.0200%	1h	86,784.5	+0.019%	$779K	$7.7M	30x	as long as short