Funding you earn now, next payment 02:00 UTC+0.0223%/8h= +24.4% APRpaid last 24h −0.035%
Price spread now: ApeX Omni against Gate−0.116%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$440.442% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.116%, 7d avg −0.028%
=Funding pays, the price is against you. ApeX Omni is 0.088% cheaper against Gate than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of −0.028%). If the spread goes back, that is −$9 on $10k: about 32 hours of funding at the current rate (+$7 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.020% in total (about -1.1% 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 | Gate COIN_USDT | 197.79 | −0.0123 | get 0.0123% / 8h | 5h 59m | $1.2M | $6.9M | 50x |
| Short | ApeX Omni COINUSDT | 197.56 | 0.0100 | get 0.0013% / 1h | 59m 08s | $89K | $286K | 50x |
Gate COIN_USDT
ApeX Omni COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Gate. 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
- $46.83
- Price spread: −0.116% → −0.028%
- −$8.82
- Slippage, 4 orders
- −$19.15
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$6.14
- Costs to cover
- 0.442%
- Break-even
- 7.9 days
Slippage from Gate: live order book, 4 min ago; ApeX Omni: 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 Gate live order book, 4 min ago | 2.78 bp | 14.0 bp −$14 | 121.5 bp −$1,215 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 3 min ago | 2.78 bp | 7.8 bp −$8 | 12.5 bp −$125 | doesn't fit | doesn't fit |
COIN on 25 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 COINUSDT | −0.0663% | 8h | 197.64 | −0.076% | $6.3M | $10.2M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.58 | −0.106% | $44K | $48K | 30x | as long as short |
| Gate COIN_USDTlong | −0.0123% | 8h | 197.79 | long leg | $1.2M | $6.9M | 50x | |
| Vest COIN-USD-PERP | −0.0082% | 1h | 197.17 | −0.313% | — | $284K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.75 | −0.020% | $349K | $877K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.59 | −0.102% | $119K | $697K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.65 | −0.072% | $15.1M | $78.3M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.64 | −0.076% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.65 | −0.071% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.64 | −0.076% | $818K | $906K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.96 | +0.084% | $20K | $2.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0028% | 1h | 197.63 | −0.081% | $1.3M | $3.6M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.59 | −0.101% | $449K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.84 | +0.025% | $16K | $53K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.54 | −0.126% | $15.8M | $13.3M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.53 | −0.131% | $125K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.59 | −0.101% | $92 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.59 | −0.101% | $354K | $3.0M | 10x | as long as short |
| Lighter COIN | +0.0080% | 1h | 197.60 | −0.096% | $367K | $2.0M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.63 | −0.081% | $995K | $143K | 20x | as long as short |
| ApeX Omni COINUSDTshort | +0.0100% | 1h | 197.56 | −0.116% | $89K | $286K | 50x | |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.62 | −0.086% | $572 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.60 | −0.097% | $117 | — | 10x | as long as short |
| Phoenix COIN | +0.0160% | 1h | 197.86 | +0.035% | $5K | $250K | 10x | as long as short |
| edgeX COINUSDC | +0.0833% | 4h | 197.77 | −0.009% | $51K | $296K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Lighter COIN
KuCoin COINUSDTM
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Phoenix COIN
edgeX COINUSDC