BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0099%/8h= −10.9% APRnext payment −$0.12 per $10,000 · paid last 24h −0.019%

Price spread now: dYdX against ApeX Omni+0.082%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on ApeX Omni Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.147%−$15 on $10k

Price spread, last 7 days−0.053%−$5 · spread now +0.082%, 7d avg −0.013%

Together, before fees−0.200%−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.095% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of −0.013%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BTCUSDT	85,447.2	0.0100	pay 0.0013% / 1h	20m 44s	$139.7M	$313.5M	100x
Short	dYdX BTC-USD	85,517.7	0.0001	get 0.0000% / 1h	20m 44s	$16.8M	$21.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee dYdXbpOrdersPrice spread, now +0.082%Rate

Funding earned: −$20.82
Price spread: +0.082% → −0.013%: $9.52
Slippage, 4 orders: −$5.36
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$36.66
Costs to cover: 0.254%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 3 min ago; dYdX: 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 ApeX Omni live order book, 3 min ago	0.63 bp	5.6 bp −$6	5.6 bp −$56	9.6 bp −$957	37.8 bp −$18.9K
Sell dYdX live order book, 3 min ago	0.06 bp	6.2 bp −$6	11.1 bp −$111	17.2 bp −$1,723	23.1 bp −$11.6K

BTC on 55 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
Phoenix BTC	−0.0082%	1h	85,446	−0.001%	$2.1M	$10.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,442	−0.006%	$8K	$3K	50x	as long as short
KuCoin XBTUSDTM	−0.0042%	8h	85,492.9	+0.054%	$928.0M	$773.4M	125x	as long as short
BloFin BTC-USDT	−0.0025%	8h	85,495.3	+0.056%	$420.7M	$684.5M	150x	as long as short
Aster BTCUSDT	−0.0007%	8h	85,492.4	+0.053%	$513.5M	$1.09B	200x	as long as short
01 Exchange BTCUSD	0.0000%	1h	85,509.6	+0.073%	$353K	$2.4M	50x	as long as short
Perpl BTC	0.0000%	43m	85,511.6	+0.075%	$490K	$18.5M	6.7x	as long as short
dYdX BTC-USDshort	+0.0001%	1h	85,517.7	+0.082%	$16.8M	$21.2M	50x
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,512.3	+0.076%	$36.6M	—	200x	as long as short
Nado BTC-PERP	+0.0039%	1h	85,479	+0.037%	$24.4M	$222.6M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BTC/USDC PERP	+0.0057%	1h	85,247	−0.234%	$338K	$26.8M	52x	as long as short
BingX BTC-USDC	+0.0071%	8h	85,481.9	+0.041%	—	$17.5M	—	as long as short
Kraken Futures PF_XBTUSD	+0.0089%	1h	85,503	+0.065%	$186.2M	$960.1M	100x	as long as short
Bitget BTCUSDT	+0.0090%	8h	85,509	+0.072%	$2.97B	$5.17B	150x	as long as short
MEXC BTC_USDT	+0.0093%	8h	85,490.2	+0.050%	$5.02B	$5.77B	500x	as long as short
Binance BTCUSDT	+0.0095%	8h	85,493.6	+0.054%	$9.43B	$24.99B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,505.3	+0.068%	$170.3M	$1.03B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,507.1	+0.070%	$23.6M	$148.3M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,497	+0.058%	$8.4M	$56.5M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,489.5	+0.049%	$2.4M	$6.7M	20x	as long as short
Bybit BTCUSDT	+0.0099%	8h	85,494.4	+0.055%	$5.15B	$9.99B	150x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,479	+0.037%	$244K	$8.7M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,552.3	+0.123%	$5.8M	$9.6M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,578	+0.153%	$3.75B	$5.07B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,533.2	+0.101%	$40.0M	$602.6M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,510.2	+0.074%	$2.60B	$12.27B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,509	+0.072%	$3.8M	$17.1M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,490.8	+0.051%	$5.2M	$98.1M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,499.5	+0.061%	$686.3M	$379.3M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,499.9	+0.062%	$5.56B	$11.04B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,487.7	+0.047%	$37.4M	$178.8M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,463.4	+0.019%	$155.5M	$557.6M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,436.9	−0.012%	$279.9M	$951.7M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,445.2	−0.002%	$214.5M	$164.2M	50x	as long as short
ApeX Omni BTCUSDTlong	+0.0100%	1h	85,447.2	long leg	$139.7M	$313.5M	100x
StandX BTC-USD	+0.0100%	1h	85,458.6	+0.013%	$30.1M	$205.0M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,553.1	+0.124%	—	$10.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,499	+0.061%	$11.0M	$14.6M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,500.9	+0.063%	$200K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,493.4	+0.054%	$2.6M	$9.7M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,534.1	+0.102%	$194K	$796K	40x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,481.6	+0.040%	$2.9M	$6.1M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,489	+0.049%	$59.8M	$336.8M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,487.4	+0.047%	$2.26B	$966.9M	200x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,490.5	+0.051%	$153.5M	$511.0M	150x	as long as short
Extended BTC-USD	+0.0104%	1h	85,472.3	+0.029%	$44.9M	$240.7M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,501.3	+0.063%	—	$105.6M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,525.7	+0.092%	$114.7M	$5.49B	50x	as long as short
Reya BTCRUSDPERP	+0.0131%	1h	85,484	+0.043%	$6.6M	$147.7M	40x	as long as short
Deribit BTC-PERPETUAL	+0.0139%	1h	85,533.4	+0.101%	$861.8M	$1.64B	50x	as long as short
Kalshi KXBTCPERP	+0.0183%	8h	85,519	+0.084%	$11.7M	$741.9M	6.4x	as long as short
RISEx BTC/USDC	+0.0193%	1h	85,515.4	+0.080%	$8.8M	$42.8M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0200% / S −0.0176%	1h	85,503	+0.065%	$13.1M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0224%	1h	85,498.8	+0.060%	$685K	$7.9M	30x	as long as short
Aftermath Perps BTCUSD	+0.0253%	1h	85,457.7	+0.012%	$79K	$230K	20x	as long as short