Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.016%
Price spread now: OKX against ApeX Omni+0.138%80s7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as 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−$410.411% of the position
Funding, last 7 days−0.093%−$9 on $10k
+Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.138%, 7d avg +0.023%
=The price spread pays, funding is against you. OKX is 0.114% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.138% now, against its 7-day average of +0.023%): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.8 days. At the pace of the last 7 days (−0.093% in total) that is about 8.6 days. The two prices were read 80 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 | 196.26 | 0.0100 | pay 0.0013% / 1h | 50m 14s | $88K | $287K | 50x |
| Short | OKX COIN-USDT-SWAP | 196.53 | 0 | get 0.0000% / 8h | 2h 50m | $3.0M | $4.7M | 20x |
ApeX Omni COINUSDT
OKX COIN-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: +0.138% → +0.023%
- $11.44
- Slippage, 4 orders
- −$21.08
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$50.63
- Costs to cover
- 0.411%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 62 min ago; OKX: 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, 62 min ago | 2.79 bp | 7.8 bp −$8 | 12.0 bp −$120 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 2.04 bp | 12.6 bp −$13 | 23.5 bp −$235 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0733% | 8h | 196.65 | +0.199% | $6.3M | $10.5M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.41 | +0.076% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0217% | 8h | 196.60 | +0.173% | $1.2M | $7.3M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0113% | 1h | 195.85 | −0.209% | — | $281K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.44 | +0.092% | $343K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.51 | +0.126% | $114K | $857K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.51 | +0.127% | $14.7M | $80.7M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.51 | +0.127% | $4.7M | $6.1M | 50x | as long as short |
| OKX COIN-USDT-SWAPshort | 0.0000% | 8h | 196.53 | +0.138% | $3.0M | $4.7M | 20x | |
| Variational Omni COIN | 0.0000% | 8h | 196.56 | +0.153% | $703K | $955K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 196.39 | +0.066% | $23K | $2.5M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 196.48 | +0.113% | $383K | $2.1M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.41 | +0.076% | $453K | $1.5M | 10x | as long as short |
| QFEX COIN-USD | +0.0038% | 1h | 196.47 | +0.107% | $1.3M | $3.1M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.52 | +0.132% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.38 | +0.061% | $15.3M | $13.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.38 | +0.061% | $132K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.46 | +0.102% | $74 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.36 | +0.051% | $351K | $2.8M | 10x | as long as short |
| Phoenix COIN | +0.0082% | 1h | 196.30 | +0.020% | $4K | $283K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.31 | +0.025% | $989K | $143K | 20x | as long as short |
| ApeX Omni COINUSDTlong | +0.0100% | 1h | 196.26 | long leg | $88K | $287K | 50x | |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.51 | +0.127% | $568 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.53 | +0.138% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.60 | +0.173% | $188K | $394K | 20x | as long as short |
| edgeX COINUSDC | +0.0194% | 4h | 196.32 | +0.030% | $51K | $295K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter COIN
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Phoenix COIN
KuCoin COINUSDTM
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
edgeX COINUSDC