Funding you earn now, next payment 22:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h +0.011%
Price spread now: Polymarket Perps against ApeX Omni−0.050%63s7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as 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−$290.285% of the position
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 3 days (all we have)+0.055%+$5 · spread now −0.050%, 7d avg −0.001%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.048% cheaper against ApeX Omni than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.001%). Swap the legs. The two prices were read 63 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 | 201.99 | 0.0100 | pay 0.0013% / 1h | 0m 25s | $91K | $514K | 50x |
| Short | Polymarket Perps COIN-USD | 201.89 | 0.0050 | get 0.0006% / 1h | 0m 25s | $145K | $1.2M | 10x |
ApeX Omni COINUSDT
Polymarket Perps COIN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$10.5
- Price spread: −0.050% → −0.001%
- −$4.81
- Slippage, 4 orders
- −$10.53
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$43.83
- Costs to cover
- 0.285%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 22 min ago; Polymarket Perps: 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, 22 min ago | 2.72 bp | 7.7 bp −$8 | 12.8 bp −$128 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 3 min ago | 1.49 bp | 5.5 bp −$5 | 8.6 bp −$86 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 202.06 | +0.035% | $40K | $48K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 201.98 | −0.005% | $370K | $839K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.93 | −0.028% | $120K | $446K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 201.99 | 0.000% | $15.6M | $77.3M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 202.04 | +0.025% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 202.00 | +0.005% | $3.3M | $4.8M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.95 | −0.020% | $1.3M | $6.9M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 201.98 | −0.007% | $760K | $983K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 202.00 | +0.006% | $18K | $2.0M | 10x | as long as short |
| Bitget COINUSDT | +0.0012% | 8h | 202.07 | +0.040% | $6.9M | $10.0M | 20x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
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 | +0.0027% | 1h | 201.84 | −0.074% | $1.4M | $3.8M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 201.90 | −0.046% | $368K | $2.1M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 201.86 | −0.064% | $431K | $2.0M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 202.17 | +0.089% | $16K | $56K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.81 | −0.089% | — | $513K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 201.98 | −0.005% | $16.4M | $13.4M | 10x | as long as short |
| Polymarket Perps COIN-USDshort | +0.0050% | 1h | 201.89 | −0.050% | $145K | $1.2M | 10x | |
| SoDEX COIN-USD | +0.0050% | 1h | 202.02 | +0.015% | $71 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.71 | −0.139% | $348K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 201.97 | −0.010% | $1.0M | $146K | 20x | as long as short |
| ApeX Omni COINUSDTlong | +0.0100% | 1h | 201.99 | long leg | $91K | $514K | 50x | |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 202.01 | +0.010% | $584 | $5K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 201.93 | −0.030% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 202.10 | +0.054% | $200K | $339K | 20x | as long as short |
| Phoenix COIN | +0.0197% | 1h | 202.02 | +0.015% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0619% | 4h | 202.07 | +0.040% | $52K | $294K | 10x | as long as short |
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
tradeXYZ xyz:COIN
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC