Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h +0.011%
Price spread now: tradeXYZ against ApeX Omni−0.026%85s7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as 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−$430.428% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 4 days (all we have)−0.016%−$2 · spread now −0.026%, 7d avg −0.007%
=Together, before fees−0.006%+ Points / potential airdroptradeXYZ: Active · farm board−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 85 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 | 195.44 | 0.0100 | pay 0.0013% / 1h | 5m 58s | $88K | $287K | 50x |
| Short | tradeXYZ xyz:COIN | 195.39 | 0.0050 | get 0.0006% / 1h | 5m 58s | $15.1M | $12.9M | 10x |
ApeX Omni COINUSDT
tradeXYZ xyz:COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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: −0.026% → −0.007%
- −$1.83
- Slippage, 4 orders
- −$14.78
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$55.1
- Costs to cover
- 0.428%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 31 min ago; tradeXYZ: 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, 31 min ago | 3.83 bp | 8.8 bp −$9 | 15.1 bp −$151 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 3 min ago | 0.26 bp | 12.8 bp −$13 | doesn't fit | 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 | 195.54 | +0.051% | $43K | $48K | 30x | as long as short |
| Bitget COINUSDT | −0.0336% | 8h | 195.65 | +0.107% | $6.3M | $10.5M | 20x | as long as short |
| Vest COIN-USD-PERP | −0.0048% | 1h | 194.97 | −0.240% | — | $326K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.40 | −0.021% | $341K | $890K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.48 | +0.020% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.47 | +0.015% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 195.50 | +0.031% | $1.2M | $7.4M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.51 | +0.036% | $692K | $991K | — | as long as short |
| GRVT COIN_USDT_Perp | +0.0001% | 8h | 195.57 | +0.067% | $15K | $2.9M | 10x | as long as short |
| Binance COINUSDT | +0.0023% | 8h | 195.54 | +0.053% | $15.0M | $82.1M | 20x | as long as short |
Injective COIN/USDC PERP
Bitget COINUSDT
Vest COIN-USD-PERP
Aster COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
GRVT COIN_USDT_Perp
Binance COINUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended COIN_24_5-USD | +0.0024% | 1h | 195.49 | +0.026% | $104K | $860K | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 195.43 | −0.005% | $464K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.68 | +0.123% | $17K | $58K | 5x | as long as short |
| tradeXYZ xyz:COINshort | +0.0050% | 1h | 195.39 | −0.026% | $15.1M | $12.9M | 10x | |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.39 | −0.026% | $135K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.46 | +0.010% | $81 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.36 | −0.041% | $449K | $2.8M | 10x | as long as short |
| QFEX COIN-USD | +0.0065% | 1h | 195.47 | +0.015% | $1.3M | $2.8M | 10x | as long as short |
| BloFin COIN-USDT | +0.0089% | 8h | 195.45 | +0.005% | $187K | $434K | 20x | as long as short |
| Lighter COIN | +0.0096% | 1h | 195.44 | −0.002% | $362K | $2.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.37 | −0.036% | $984K | $147K | 20x | as long as short |
| ApeX Omni COINUSDTlong | +0.0100% | 1h | 195.44 | long leg | $88K | $287K | 50x | |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.44 | 0.000% | $565 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.49 | +0.023% | $115 | — | 10x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 195.44 | 0.000% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0681% | 4h | 195.50 | +0.029% | $50K | $294K | 10x | as long as short |
Extended COIN_24_5-USD
Lighter RH COIN
Arcus COIN-USD
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
QFEX COIN-USD
BloFin COIN-USDT
Lighter COIN
KuCoin COINUSDTM
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Phoenix COIN
edgeX COINUSDC