Funding you earn now, next payment 04:00 UTC+0.0900%/8h= +98.6% APRpaid last 24h +0.007%
Price spread now: ApeX Omni against Bybit+0.683%69s7-day average +0.166% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as 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−$690.686% of the position
Funding, last 7 days+0.067%+$7 on $10k
+Price spread, last 4 days (all we have)+0.320%+$32 · spread now +0.683%, 7d avg +0.166%
=Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and ApeX Omni is 0.517% dearer against Bybit than usual: you sell high and buy low: +$52 more if the spread goes back to its 7-day average of +0.166%. The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.067% in total (about 3.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SPXUSDT | 0.4979 | 0.0100 | pay 0.0050% / 4h | 50m 30s | $11.3M | $16.3M | 50x |
| Short | ApeX Omni SPXUSDT | 0.5013 | 0.1000 | get 0.0125% / 1h | 50m 30s | $25K | $254K | 25x |
Bybit SPXUSDT
ApeX Omni SPXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Bybit. 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
- $189.1
- Price spread: +0.683% → +0.166%
- $51.71
- Slippage, 4 orders
- −$47.62
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $172.2
- Costs to cover
- 0.686%
- Break-even
- 0.6 days
Slippage from Bybit: live order book, 3 min ago; ApeX Omni: live order book, 6 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 Bybit live order book, 3 min ago | 2.00 bp | 17.6 bp −$18 | 67.7 bp −$677 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 6 min ago | 5.97 bp | 15.0 bp −$15 | 109.9 bp −$1,099 | doesn't fit | doesn't fit |
SPX on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | 0.000% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.4992 | +0.269% | $134K | $357K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.4988 | +0.173% | $10.1M | $7.4M | 5x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.4992 | +0.269% | $5.0M | $21.3M | 75x | as long as short |
| Bybit SPXUSDTlong | +0.0100% | 4h | 0.4979 | long leg | $11.3M | $16.3M | 50x | |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.4985 | +0.121% | $932K | $2.8M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.4980 | +0.020% | $992K | $558K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.4988 | +0.181% | $11.9M | $4.8M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.4987 | +0.161% | $3.7M | $5.2M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.4988 | +0.181% | $2.6M | $1.4M | 50x | as long as short |
Injective SPX/USDC PERP
Lighter SPX
Hyperliquid SPX
Binance SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SPX-USDT | +0.0100% | 4h | 0.4984 | +0.100% | — | $6.9M | — | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.4985 | +0.123% | $840K | $1.4M | — | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.4986 | +0.141% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.4985 | +0.125% | $32K | $248K | 10x | as long as short |
| Aster SPXUSDT | +0.0131% | 4h | 0.4996 | +0.337% | $134K | $122K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0154% | 4h | 0.4994 | +0.301% | $20K | $599 | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.4993 | +0.281% | $251K | $984K | 75x | as long as short |
| ApeX Omni SPXUSDTshort | +0.1000% | 1h | 0.5013 | +0.683% | $25K | $254K | 25x | |
| Kraken Futures PF_SPXUSD | +0.1291% | 1h | 0.4999 | +0.393% | $243K | $549K | 20x | as long as short |
BingX SPX-USDT
Variational Omni SPX
SunX SPX-USDT
Extended SPX-USD
Aster SPXUSDT
Orderly PERP_SPX_USDC
BloFin SPX-USDT
Kraken Futures PF_SPXUSD