Funding you earn now, next payment 00:00 UTC−0.0068%/8h= −7.5% APRnext payment −$0.09 per $10,000 · paid last 24h −0.017%
Price spread now: QFEX against ApeX Omni−0.040%56s7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$280.279% of the position
Funding, last 3 days (all we have)−0.075%−$7 on $10k
+Price spread, last 3 days (all we have)+0.088%+$9 · spread now −0.040%, 7d avg +0.003%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and QFEX is 0.043% cheaper against ApeX Omni than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.003%). Swap the legs. The two prices were read 56 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 | 201.91 | 0.0100 | pay 0.0013% / 1h | 19m 37s | $91K | $310K | 50x |
| Short | QFEX COIN-USD | 201.83 | 0.0032 | get 0.0004% / 1h | 19m 37s | $1.4M | $4.0M | 10x |
ApeX Omni COINUSDT
QFEX COIN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$14.31
- Price spread: −0.040% → +0.003%
- −$4.31
- Slippage, 4 orders
- −$7.93
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$46.56
- Costs to cover
- 0.279%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 58 min ago; QFEX: live order book, 4 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, 58 min ago | 2.73 bp | 7.7 bp −$8 | 13.5 bp −$135 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 1.24 bp | 6.2 bp −$6 | 7.7 bp −$77 | 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 | 201.44 | −0.233% | $44K | $49K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 201.94 | +0.013% | $370K | $839K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.87 | −0.020% | $119K | $446K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 201.90 | −0.003% | $15.6M | $76.6M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 201.93 | +0.010% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.93 | +0.010% | $3.3M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.92 | +0.005% | $1.3M | $7.0M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 201.89 | −0.009% | $840K | $1.1M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.94 | +0.013% | $12K | $2.0M | 10x | as long as short |
| Bitget COINUSDT | +0.0003% | 8h | 201.99 | +0.040% | $6.9M | $10.1M | 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-USDshort | +0.0032% | 1h | 201.83 | −0.040% | $1.4M | $4.0M | 10x | |
| Lighter RH COIN | +0.0032% | 1h | 201.91 | 0.000% | $434K | $1.8M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 202.07 | +0.079% | $16K | $55K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.72 | −0.094% | — | $513K | 25x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 201.81 | −0.050% | $129K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 201.84 | −0.035% | $84 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.81 | −0.050% | $361K | $3.3M | 10x | as long as short |
| Lighter COIN | +0.0088% | 1h | 201.91 | +0.001% | $377K | $2.0M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 201.98 | +0.035% | $1.0M | $138K | 20x | as long as short |
| ApeX Omni COINUSDTlong | +0.0100% | 1h | 201.91 | long leg | $91K | $310K | 50x | |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 201.89 | −0.010% | $584 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 201.88 | −0.015% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 201.89 | −0.010% | $200K | $342K | 20x | as long as short |
| tradeXYZ xyz:COIN | +0.0151% | 1h | 201.87 | −0.020% | $16.6M | $13.2M | 10x | as long as short |
| Phoenix COIN | +0.0238% | 1h | 201.95 | +0.020% | $5K | $279K | 10x | as long as short |
| edgeX COINUSDC | +0.0379% | 4h | 201.87 | −0.020% | $52K | $293K | 10x | as long as short |
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Lighter COIN
KuCoin COINUSDTM
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
tradeXYZ xyz:COIN
Phoenix COIN
edgeX COINUSDC