Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.029%
Price spread now: ApeX Omni against Bybit−0.922%79s7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as 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−$620.624% of the position
Funding, last 7 days+0.047%+$5 on $10k
+Price spread, last 4 days (all we have)+0.845%+$85 · spread now −0.922%, 7d avg −0.035%
=Funding pays, the price is against you. ApeX Omni is 0.887% cheaper against Bybit than usual: you would sell low and buy high (spread −0.922% now, against its 7-day average of −0.035%). If the spread goes back, that is −$89 on $10k: about 30 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.047% in total) that is about 4 months. The two prices were read 79 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 | Bybit COINUSDT | 196.23 | 0 | get 0.0000% / 8h | 7h 22m | $4.6M | $6.0M | 50x |
| Short | ApeX Omni COINUSDT | 194.42 | 0.0100 | get 0.0013% / 1h | 22m 07s | $87K | $285K | 50x |
Bybit COINUSDT
ApeX Omni COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Bybit. 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: −0.922% → −0.035%
- −$88.74
- Slippage, 4 orders
- −$41.43
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$130.16
- Costs to cover
- 0.624%
- Break-even
- 50.4 days
Slippage from Bybit: live order book, 1 min ago; ApeX Omni: live order book, 10 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 Bybit live order book, 1 min ago | 2.55 bp | 29.7 bp −$30 | 88.8 bp −$888 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 10 min ago | 3.59 bp | 8.6 bp −$9 | 12.8 bp −$128 | 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 | 193.41 | −1.437% | $92K | $129K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0070% | 1h | 195.45 | −0.397% | — | $319K | 25x | as long as short |
| Bitget COINUSDT | −0.0021% | 8h | 196.46 | +0.117% | $6.4M | $10.2M | 20x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.84 | −0.199% | $341K | $879K | 20x | as long as short |
| Bybit COINUSDTlong | 0.0000% | 8h | 196.23 | long leg | $4.6M | $6.0M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.38 | +0.076% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 196.35 | +0.061% | $1.2M | $6.8M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 194.31 | −0.980% | $655K | $981K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 194.45 | −0.907% | $20K | $3.0M | 10x | as long as short |
| Extended COIN_24_5-USD | +0.0016% | 1h | 196.12 | −0.054% | $104K | $860K | 10x | as long as short |
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Bitget COINUSDT
Aster COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
GRVT COIN_USDT_Perp
Extended COIN_24_5-USDShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance COINUSDT | +0.0019% | 8h | 196.26 | +0.015% | $14.8M | $81.6M | 20x | as long as short |
| Lighter COIN | +0.0032% | 1h | 196.16 | −0.034% | $363K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.15 | −0.041% | $474K | $1.3M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.16 | −0.036% | $17K | $49K | 5x | as long as short |
| QFEX COIN-USD | +0.0047% | 1h | 196.14 | −0.046% | $1.3M | $2.8M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.31 | +0.041% | $15.5M | $11.8M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.97 | −0.132% | $135K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.61 | −0.316% | $78 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 194.30 | −0.984% | $422K | $2.4M | 10x | as long as short |
| BloFin COIN-USDT | +0.0074% | 8h | 195.58 | −0.331% | $188K | $483K | 20x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.98 | −0.127% | $987K | $197K | 20x | as long as short |
| ApeX Omni COINUSDTshort | +0.0100% | 1h | 194.42 | −0.922% | $87K | $285K | 50x | |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.88 | −0.178% | $566 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.20 | −0.013% | $116 | — | 10x | as long as short |
| Phoenix COIN | +0.0164% | 1h | 194.76 | −0.749% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0523% | 4h | 194.38 | −0.941% | $50K | $294K | 10x | as long as short |
Binance COINUSDT
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
QFEX COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
BloFin COIN-USDT
KuCoin COINUSDTM
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Phoenix COIN
edgeX COINUSDC