Funding you earn now, next payment 10:00 UTC−0.0143%/8h= −15.6% APRnext payment −$0.18 per $10,000 · paid last 24h −0.005%
Price spread now: ApeX Omni against tradeXYZ−0.101%105s7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as 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−$380.382% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.101%, 7d avg +0.006%
=Together, before fees+0.019%+ Points / potential airdroptradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and ApeX Omni is 0.107% cheaper against tradeXYZ than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.006%). Swap the legs. The two prices were read 105 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 | tradeXYZ xyz:COIN | 198.64 | 0.0243 | pay 0.0030% / 1h | 59m 38s | $14.8M | $11.6M | 10x |
| Short | ApeX Omni COINUSDT | 198.44 | 0.0100 | get 0.0013% / 1h | 59m 38s | $89K | $272K | 50x |
tradeXYZ xyz:COIN
ApeX Omni COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against tradeXYZ. 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
- −$29.98
- Price spread: −0.101% → +0.006%
- −$10.7
- Slippage, 4 orders
- −$10.2
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$78.88
- Costs to cover
- 0.382%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 2 min ago; ApeX Omni: live order book, 50 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 tradeXYZ live order book, 2 min ago | 1.26 bp | 10.3 bp −$10 | 12.8 bp −$128 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 50 min ago | 2.78 bp | 7.8 bp −$8 | 12.2 bp −$122 | doesn't fit | doesn't fit |
COIN on 26 exchanges
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 | 197.52 | −0.564% | $17K | $224K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.37 | −0.134% | $345K | $868K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 198.75 | +0.058% | $105K | $851K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 198.84 | +0.101% | $14.7M | $76.0M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 198.79 | +0.076% | $4.7M | $5.5M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.80 | +0.081% | $3.1M | $4.4M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 198.86 | +0.111% | $1.2M | $6.4M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 198.80 | +0.081% | $6.4M | $9.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 198.45 | −0.094% | $769K | $921K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.52 | −0.060% | $12K | $3.2M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter COIN | +0.0032% | 1h | 198.69 | +0.024% | $347K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 198.69 | +0.025% | $483K | $1.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0036% | 1h | 198.78 | +0.070% | $1.3M | $2.6M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 198.79 | +0.076% | $17K | $28K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 198.60 | −0.020% | — | $288K | 25x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 198.63 | −0.005% | $136K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 198.78 | +0.070% | $87 | $3K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 198.58 | −0.030% | $937K | $243K | 20x | as long as short |
| ApeX Omni COINUSDTshort | +0.0100% | 1h | 198.44 | −0.101% | $89K | $272K | 50x | |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.66 | +0.010% | $575 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 198.67 | +0.016% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 198.59 | −0.025% | $193K | $491K | 20x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 198.71 | +0.035% | $5K | $257K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0196% | 1h | 198.68 | +0.020% | $333K | $2.1M | 10x | as long as short |
| tradeXYZ xyz:COINlong | +0.0243% | 1h | 198.64 | long leg | $14.8M | $11.6M | 10x | |
| edgeX COINUSDC | +0.0257% | 4h | 198.79 | +0.078% | $51K | $294K | 10x | as long as short |
Lighter COIN
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
Vest COIN-USD-PERP
Polymarket Perps COIN-USD
SoDEX COIN-USD
KuCoin COINUSDTM
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
Ondo Perps COIN-USD.P
edgeX COINUSDC