Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.004%
Price spread now: Binance against ApeX Omni+0.011%69s7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as 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−$310.306% of the position
Funding, last 7 days−0.135%−$14 on $10k
+Price spread, last 2 days (all we have)+0.101%+$10 · spread now +0.011%, 7d avg +0.025%
=The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 69 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 | ApeX Omni COINUSDT | 201.96 | 0.0100 | pay 0.0013% / 1h | 24m 21s | $91K | $328K | 50x |
| Short | Binance COINUSDT | 201.98 | 0 | get 0.0000% / 8h | 24m 21s | $15.6M | $76.6M | 20x |
ApeX Omni COINUSDT
Binance COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$21
- Price spread: +0.011% → +0.025%
- −$1.35
- Slippage, 4 orders
- −$10.62
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$52.97
- Costs to cover
- 0.306%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 53 min ago; Binance: live order book, 3 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, 53 min ago | 2.73 bp | 7.7 bp −$8 | 13.5 bp −$135 | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 0.25 bp | 7.4 bp −$7 | 13.2 bp −$132 | 48.5 bp −$4,848 | doesn't fit |
COIN on 26 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 COIN/USDC PERP | −0.0440% | 1h | 201.48 | −0.238% | $44K | $49K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 202.02 | +0.031% | $370K | $839K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.91 | −0.027% | $119K | $446K | 10x | as long as short |
| Binance COINUSDTshort | 0.0000% | 8h | 201.98 | +0.011% | $15.6M | $76.6M | 20x | |
| Bybit COINUSDT | 0.0000% | 8h | 202.01 | +0.025% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 202.05 | +0.045% | $3.3M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.97 | +0.005% | $1.3M | $7.0M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 202.02 | +0.031% | $840K | $1.1M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 202.04 | +0.041% | $12K | $2.0M | 10x | as long as short |
| Bitget COINUSDT | +0.0010% | 8h | 202.00 | +0.020% | $6.9M | $10.1M | 20x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
GRVT COIN_USDT_Perp
Bitget COINUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0032% | 1h | 201.90 | −0.030% | $1.4M | $4.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 201.96 | 0.000% | $434K | $1.8M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 202.08 | +0.059% | $16K | $55K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.81 | −0.074% | — | $513K | 25x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 201.85 | −0.054% | $129K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 201.91 | −0.025% | $81 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.77 | −0.094% | $358K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 202.06 | +0.050% | $1.0M | $138K | 20x | as long as short |
| ApeX Omni COINUSDTlong | +0.0100% | 1h | 201.96 | long leg | $91K | $328K | 50x | |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 201.94 | −0.010% | $584 | $4K | 10x | as long as short |
| Lighter COIN | +0.0104% | 1h | 201.99 | +0.014% | $377K | $2.0M | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 201.93 | −0.016% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 201.97 | +0.005% | $200K | $342K | 20x | as long as short |
| tradeXYZ xyz:COIN | +0.0176% | 1h | 201.93 | −0.015% | $16.6M | $13.2M | 10x | as long as short |
| Phoenix COIN | +0.0238% | 1h | 202.05 | +0.045% | $5K | $279K | 10x | as long as short |
| edgeX COINUSDC | +0.0527% | 4h | 201.92 | −0.020% | $52K | $295K | 10x | as long as short |
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
Orderly PERP_COIN_USDC_mythos
Lighter COIN
Aevo COIN-PERP
BloFin COIN-USDT
tradeXYZ xyz:COIN
Phoenix COIN
edgeX COINUSDC