Funding you earn now, next payment 12:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.061%
Price spread now: Bitget against ApeX Omni−0.160%93s7-day average +0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as 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−$410.406% of the position
Funding, last 7 days−0.126%−$13 on $10k
+Price spread, last 4 days (all we have)+0.197%+$20 · spread now −0.160%, 7d avg +0.044%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.204% cheaper against ApeX Omni than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.044%). Swap the legs. The two prices were read 93 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 | 199.56 | 0.0100 | pay 0.0013% / 1h | 9m 56s | $90K | $272K | 50x |
| Short | Bitget COINUSDT | 199.24 | 0 | get 0.0000% / 8h | 4h 09m | $6.4M | $9.4M | 20x |
ApeX Omni COINUSDT
Bitget COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: −0.160% → +0.044%
- −$20.44
- Slippage, 4 orders
- −$18.61
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$82.06
- Costs to cover
- 0.406%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 30 min ago; Bitget: live order book, 2 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, 30 min ago | 2.77 bp | 8.8 bp −$9 | 13.2 bp −$132 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 3.01 bp | 13.1 bp −$13 | 23.5 bp −$235 | doesn't fit | doesn't fit |
COIN on 26 exchanges
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 | 198.03 | −0.767% | $17K | $222K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 199.03 | −0.264% | $347K | $868K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 199.20 | −0.180% | $4.7M | $5.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 199.28 | −0.140% | $3.1M | $3.9M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 199.25 | −0.155% | $1.2M | $6.3M | 50x | as long as short |
| Bitget COINUSDTshort | 0.0000% | 8h | 199.24 | −0.160% | $6.4M | $9.4M | 20x | |
| Variational Omni COIN | 0.0000% | 8h | 199.01 | −0.275% | $782K | $916K | — | as long as short |
| Lighter COIN | +0.0032% | 1h | 199.03 | −0.264% | $338K | $1.9M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 199.05 | −0.256% | $486K | $1.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0033% | 1h | 199.03 | −0.266% | $1.3M | $2.4M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
Lighter COIN
Lighter RH COIN
QFEX COIN-USDShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance COINUSDT | +0.0038% | 8h | 199.20 | −0.179% | $14.7M | $74.8M | 20x | as long as short |
| Extended COIN_24_5-USD | +0.0040% | 1h | 199.08 | −0.241% | $106K | $920K | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 199.23 | −0.165% | $13K | $40K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 199.05 | −0.256% | — | $277K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 198.99 | −0.286% | $14.6M | $10.9M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 198.99 | −0.286% | $125K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 199.02 | −0.271% | $86 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 198.92 | −0.321% | $312K | $2.1M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 199.13 | −0.215% | $938K | $306K | 20x | as long as short |
| ApeX Omni COINUSDTlong | +0.0100% | 1h | 199.56 | long leg | $90K | $272K | 50x | |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.97 | −0.296% | $575 | $4K | 10x | as long as short |
| GRVT COIN_USDT_Perp | +0.0104% | 8h | 199.43 | −0.065% | $18K | $3.4M | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 199.01 | −0.274% | $117 | — | 10x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 199.26 | −0.150% | $5K | $268K | 10x | as long as short |
| BloFin COIN-USDT | +0.0125% | 8h | 199.08 | −0.241% | $150K | $482K | 20x | as long as short |
| edgeX COINUSDC | +0.0975% | 4h | 199.46 | −0.049% | $51K | $292K | 10x | as long as short |
Binance COINUSDT
Extended COIN_24_5-USD
Arcus COIN-USD
Vest COIN-USD-PERP
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
Orderly PERP_COIN_USDC_mythos
GRVT COIN_USDT_Perp
Aevo COIN-PERP
Phoenix COIN
BloFin COIN-USDT
edgeX COINUSDC