Funding you earn now, next payment 01:00 UTC−0.0060%/8h= −6.6% APRnext payment −$0.07 per $10,000 · paid last 24h −0.041%
Price spread now: ApeX Omni against Phoenix−0.147%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$370.373% of the position
Funding, last 7 days−0.113%−$11 on $10k
+Price spread, last 4 days (all we have)+0.475%+$48 · spread now −0.147%, 7d avg −0.025%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and ApeX Omni is 0.122% cheaper against Phoenix than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.025%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix COIN | 197.86 | 0.0160 | pay 0.0020% / 1h | 56m 01s | $5K | $250K | 10x |
| Short | ApeX Omni COINUSDT | 197.57 | 0.0100 | get 0.0013% / 1h | 56m 01s | $89K | $286K | 50x |
Phoenix COIN
ApeX Omni COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Phoenix. 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
- −$12.59
- Price spread: −0.147% → −0.025%
- −$12.17
- Slippage, 4 orders
- −$20.33
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$62.09
- Costs to cover
- 0.373%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 67 min ago; ApeX Omni: live order book, 6 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 Phoenix live order book, 67 min ago | 2.99 bp | 10.9 bp −$11 | 22.8 bp −$228 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 6 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 | −0.0688% | 8h | 197.75 | −0.056% | $6.3M | $10.1M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.40 | −0.232% | $44K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0122% | 8h | 197.57 | −0.147% | $1.2M | $7.0M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0084% | 1h | 197.06 | −0.404% | — | $284K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.69 | −0.087% | $349K | $877K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.50 | −0.181% | $119K | $697K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.51 | −0.176% | $15.1M | $78.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.53 | −0.167% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.70 | −0.081% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.59 | −0.138% | $817K | $905K | — | as long as short |
Bitget COINUSDT
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 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.60 | −0.131% | $14K | $2.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0016% | 1h | 197.63 | −0.116% | $1.3M | $3.6M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.54 | −0.162% | $366K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.53 | −0.167% | $449K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.66 | −0.101% | $16K | $53K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.49 | −0.187% | $15.8M | $13.3M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.52 | −0.172% | $125K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.50 | −0.182% | $93 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.23 | −0.318% | $350K | $3.0M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.52 | −0.172% | $994K | $143K | 20x | as long as short |
| ApeX Omni COINUSDTshort | +0.0100% | 1h | 197.57 | −0.147% | $89K | $286K | 50x | |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.56 | −0.152% | $571 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.58 | −0.141% | $117 | — | 10x | as long as short |
| Phoenix COINlong | +0.0160% | 1h | 197.86 | long leg | $5K | $250K | 10x | |
| edgeX COINUSDC | +0.0833% | 4h | 197.77 | −0.045% | $51K | $296K | 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
edgeX COINUSDC