Funding you earn now, next payment 04:00 UTC+0.0279%/8h= +30.5% APRpaid last 24h +0.112%
Price spread now: Bybit against ApeX Omni−0.302%109s7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as 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−$780.784% of the position
Funding, last 7 days+0.176%+$18 on $10k
+Price spread, last 4 days (all we have)+0.002%$0 · spread now −0.302%, 7d avg −0.013%
=Funding pays, the price is against you. Bybit is 0.290% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.302% now, against its 7-day average of −0.013%). If the spread goes back, that is −$29 on $10k: about 3.5 days of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.176% in total) that is about 12 days. The two prices were read 109 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 0.176% in total (about 9.2% 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 | ApeX Omni USELESSUSDT | 0.2549 | 0.0473 | pay 0.0059% / 1h | 53m 40s | $33K | $699K | 25x |
| Short | Bybit USELESSUSDT | 0.2541 | 0.0752 | get 0.0376% / 4h | 53m 40s | $24.4M | $48.6M | 13x |
ApeX Omni USELESSUSDT
Bybit USELESSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $58.51
- Price spread: −0.302% → −0.013%
- −$28.95
- Slippage, 4 orders
- −$57.44
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$48.88
- Costs to cover
- 0.784%
- Break-even
- 12.8 days
Slippage from ApeX Omni: live order book, 5 min ago; Bybit: 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 ApeX Omni live order book, 5 min ago | 7.86 bp | 18.8 bp −$19 | 119.4 bp −$1,194 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.19 bp | 23.8 bp −$24 | 58.6 bp −$586 | doesn't fit | doesn't fit |
USELESS on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter USELESS | +0.0096% | 1h | 0.2542 | −0.286% | $1.2M | $1.2M | 3x | as long as short |
| Hyperliquid USELESS | +0.0100% | 1h | 0.2547 | −0.086% | $11.6M | $22.6M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2543 | −0.223% | $28K | $70K | 3x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2537 | −0.467% | $6.4M | $8.6M | 50x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2543 | −0.251% | $35K | $219K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2541 | −0.330% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2535 | −0.537% | $17K | $517K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2538 | −0.439% | $556K | $1.1M | 20x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0210% | 4h | 0.2542 | −0.271% | $8.8M | $62.3M | 10x | as long as short |
| Aevo USELESS-PERP | +0.0216% | 1h | 0.2541 | −0.322% | $9K | — | 3x | as long as short |
Lighter USELESS
Hyperliquid USELESS
Pacifica USELESS
Gate USELESS_USDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
OKX USELESS-USDT-SWAP
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USELESSUSDTM | +0.0254% | 4h | 0.2541 | −0.326% | $4.6M | $10.6M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0470% | 4h | 0.2544 | −0.188% | $4.9M | $10.4M | 20x | as long as short |
| ApeX Omni USELESSUSDTlong | +0.0473% | 1h | 0.2549 | long leg | $33K | $699K | 25x | |
| Binance USELESSUSDT | +0.0541% | 4h | 0.2544 | −0.192% | $21.2M | $122.7M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0546% | 4h | 0.2552 | +0.104% | $19K | $195K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0550% | 4h | 0.2545 | −0.165% | $10.2M | $6.2M | 50x | as long as short |
| Extended USELESS-USD | +0.0552% | 1h | 0.2544 | −0.211% | $112K | $1.2M | 5x | as long as short |
| Aster USELESSUSDT | +0.0690% | 4h | 0.2539 | −0.392% | $503K | $2.4M | 10x | as long as short |
| Bybit USELESSUSDTshort | +0.0752% | 4h | 0.2541 | −0.302% | $24.4M | $48.6M | 13x | |
| BingX USELESS-USDT | +0.0764% | 4h | 0.2546 | −0.110% | — | $5.3M | — | as long as short |
| Variational Omni USELESS | +0.0899% | 4h | 0.2557 | +0.311% | $1.0M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.1030% | 4h | 0.2544 | −0.208% | $1.1M | $1.9M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1342% | 4h | 0.2542 | −0.267% | $19K | $1.3M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2708 | +6.246% | $5K | $11K | 5.5x | as long as short |
KuCoin USELESSUSDTM
Bitget USELESSUSDT
Binance USELESSUSDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Extended USELESS-USD
Aster USELESSUSDT
BingX USELESS-USDT
Variational Omni USELESS
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP