Funding you earn now, next payment 06:00 UTC+0.0159%/8h= +17.4% APRpaid last 24h +0.046%
Price spread now: ApeX Omni against Orderly+0.091%70s7-day average +0.015% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.281%+$28 on $10k
+Price spread, last 4 days (all we have)−0.800%−$80 · spread now +0.091%, 7d avg +0.015%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and ApeX Omni is 0.077% dearer against Orderly than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.015%. The two prices were read 70 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 | Orderly PERP_ARB_USDC | 0.2186 | −0.0059 | get 0.0059% / 8h | 2h 50m | $12K | $408K | 10x |
| Short | ApeX Omni ARBUSDT | 0.2188 | 0.0100 | get 0.0013% / 1h | 50m 17s | $118K | $283K | 50x |
Orderly PERP_ARB_USDC
ApeX Omni ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Orderly. 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
- $33.44
- Price spread: +0.091% → +0.015%
- $7.67
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $25.12
- Costs to cover
- 0.160%
- Break-even
- 1.7 days
Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 62 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell ApeX Omni live order book, 62 min ago | 9.11 bp | 22.6 bp −$23 | 112.2 bp −$1,122 | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ARB on 36 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 ARB/USDC PERP | −0.1581% | 1h | 0.2178 | −0.366% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0200% | 1h | 0.2186 | 0.000% | $7K | $236 | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0160% | 1h | 0.2186 | 0.000% | $73K | $2.1M | 10x | as long as short |
| Variational Omni ARB | −0.0100% | 8h | 0.2184 | −0.070% | $1.8M | $3.0M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0094% | 8h | 0.2185 | −0.055% | $21.7M | $142.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0093% | 8h | 0.2185 | −0.059% | $41.1M | $60.1M | 200x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0074% | 1h | 0.2186 | +0.002% | $1.1M | $4.4M | 50x | as long as short |
| Bybit ARBUSDT | −0.0074% | 8h | 0.2183 | −0.119% | $54.3M | $123.8M | 50x | as long as short |
| Orderly PERP_ARB_USDClong | −0.0059% | 8h | 0.2186 | long leg | $12K | $408K | 10x | |
| dYdX ARB-USD | 0.0000% | 1h | 0.2186 | −0.018% | $65K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Polymarket Perps ARB-USD
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Kraken Futures PF_ARBUSD
Bybit ARBUSDT
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2186 | +0.014% | $24K | $31K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2187 | +0.025% | $44K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0028% | 8h | 0.2186 | +0.018% | $5.4M | $18.1M | 60x | as long as short |
| Bitget ARBUSDT | +0.0046% | 8h | 0.2185 | −0.046% | $20.8M | $34.2M | 50x | as long as short |
| BingX ARB-USDC | +0.0070% | 8h | 0.2188 | +0.105% | — | $6.5M | — | as long as short |
| Extended ARB-USD | +0.0072% | 1h | 0.2184 | −0.072% | $348K | $2.8M | 25x | as long as short |
| Binance ARBUSDT | +0.0075% | 8h | 0.2185 | −0.036% | $62.7M | $300.4M | 75x | as long as short |
| RISEx ARB/USDC | +0.0086% | 1h | 0.2187 | +0.041% | $449K | $2.6M | 10x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2185 | −0.064% | $1.2M | $5.5M | 15x | as long as short |
| Aevo ARB-PERP | +0.0096% | 1h | 0.2187 | +0.046% | $139K | $7K | 3x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2188 | +0.105% | $37.0M | $48.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2186 | −0.005% | $630K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2185 | −0.032% | $42K | $160K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2188 | +0.078% | $19.5M | $14.5M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2185 | −0.025% | $39K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2185 | −0.046% | $465K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDTshort | +0.0100% | 1h | 0.2188 | +0.091% | $118K | $283K | 50x | |
| SunX ARB-USDT | +0.0100% | 8h | 0.2190 | +0.183% | $1K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2185 | −0.050% | $10K | $2.2M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2186 | +0.005% | $290K | $894K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2184 | −0.091% | $4.9M | $12.6M | 50x | as long as short |
| BloFin ARB-USDT | +0.0195% | 8h | 0.2185 | −0.041% | $3.0M | $2.5M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0277% / S −0.0160% | 1h | 0.2187 | +0.024% | $831K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2190 | +0.183% | $502K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2186 | −0.009% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0714% | 1h | 0.2188 | +0.069% | $981K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Bitget ARBUSDT
BingX ARB-USDC
Extended ARB-USD
Binance ARBUSDT
RISEx ARB/USDC
Lighter ARB
Aevo ARB-PERP
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
SoDEX ARB-USD
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP