Funding you earn now, next payment 04:00 UTC+0.0830%/8h= +90.9% APRpaid last 24h +0.028%
Price spread now: ApeX Omni against Bitget−0.096%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$370.370% of the position
Funding, last 7 days+0.141%+$14 on $10k
+Price spread, last 4 days (all we have)+0.065%+$7 · spread now −0.096%, 7d avg −0.036%
=Funding pays, the price is against you. ApeX Omni is 0.061% cheaper against Bitget than usual: you would sell low and buy high (spread −0.096% now, against its 7-day average of −0.036%). If the spread goes back, that is −$6 on $10k: about 6 hours of funding at the current rate (+$25 a day). At the pace of the last 7 days (+0.141% in total) that is about 3.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.141% in total (about 7.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget COINUSDT | 197.27 | −0.0730 | get 0.0730% / 8h | 4h 41m | $6.2M | $10.3M | 20x |
| Short | ApeX Omni COINUSDT | 197.08 | 0.0100 | get 0.0013% / 1h | 41m 17s | $89K | $287K | 50x |
Bitget COINUSDT
ApeX Omni COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Bitget. 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
- $174.3
- Price spread: −0.096% → −0.036%
- −$6.06
- Slippage, 4 orders
- −$15.02
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $131.22
- Costs to cover
- 0.370%
- Break-even
- 1.7 days
Slippage from Bitget: live order book, 2 min ago; ApeX Omni: live order book, 16 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 Bitget live order book, 2 min ago | 2.03 bp | 11.2 bp −$11 | 26.8 bp −$268 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 16 min ago | 2.79 bp | 7.9 bp −$8 | 13.4 bp −$134 | 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 COINUSDTlong | −0.0730% | 8h | 197.27 | long leg | $6.2M | $10.3M | 20x | |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.03 | −0.122% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0205% | 8h | 197.08 | −0.096% | $1.2M | $7.1M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0086% | 1h | 196.48 | −0.400% | — | $277K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.33 | +0.031% | $345K | $885K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.03 | −0.123% | $119K | $694K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.16 | −0.057% | $15.1M | $78.9M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.13 | −0.071% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.21 | −0.030% | $3.0M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.14 | −0.067% | $683K | $938K | — | as long as short |
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
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 | 197.17 | −0.051% | $12K | $2.2M | 10x | as long as short |
| QFEX COIN-USD | +0.0013% | 1h | 197.04 | −0.117% | $1.3M | $3.3M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.01 | −0.133% | $356K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.00 | −0.137% | $450K | $1.4M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.15 | −0.061% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.02 | −0.127% | $15.4M | $13.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.96 | −0.157% | $127K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.01 | −0.132% | $63 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.91 | −0.182% | $348K | $2.8M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.09 | −0.091% | $993K | $143K | 20x | as long as short |
| ApeX Omni COINUSDTshort | +0.0100% | 1h | 197.08 | −0.096% | $89K | $287K | 50x | |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.12 | −0.076% | $570 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.08 | −0.098% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.96 | −0.157% | $189K | $390K | 20x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 197.15 | −0.061% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0512% | 4h | 197.15 | −0.059% | $51K | $294K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
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