BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.016%

Price spread now: gTrade (Gains Network) against ApeX Omni+0.033%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$180.182% of the position

Long on ApeX Omni Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.077%−$8 on $10k

Price spread, last 7 days−0.011%−$1 · spread now +0.033%, 7d avg −0.014%

Together, before fees−0.087%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.047% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of −0.014%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BTCUSDT	85,469.4	0.0100	pay 0.0013% / 1h	13m 18s	$139.7M	$314.8M	100x
Short	gTrade (Gains Network) BTC/USD	85,497.4	L +0.0005% / S −0.0004%	get 0.0001% / 1h	13m 18s	$36.5M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.033%Rate

Funding earned: −$20.06
Price spread: +0.033% → −0.014%: $4.67
Slippage, 4 orders: −$1.22
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Net: −$33.62
Costs to cover: 0.182%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 1 min ago; gTrade (Gains Network): virtual book (oracle venue), 1 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, 1 min ago	0.09 bp	5.1 bp −$5	5.1 bp −$51	6.5 bp −$654	37.6 bp −$18.8K
Sell gTrade (Gains Network) virtual book (oracle venue), 1 min ago	0.51 bp	4.0 bp −$4	4.1 bp −$41	4.5 bp −$447	6.4 bp −$3,185

BTC on 56 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	−0.0179%	1h	85,466	−0.004%	$2.1M	$10.3M	40x	as long as short
Bluefin BTC-PERP	−0.0144%	1h	85,501.1	+0.037%	$206K	$739K	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,465	−0.005%	$8K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0056%	1h	85,486.8	+0.020%	$365K	$2.3M	50x	as long as short
KuCoin XBTUSDTM	−0.0027%	8h	85,462.3	−0.008%	$919.3M	$752.1M	125x	as long as short
BloFin BTC-USDT	−0.0021%	8h	85,487.8	+0.022%	$417.2M	$668.9M	150x	as long as short
gTrade (Gains Network) BTC/USDshort	L +0.0005% / S −0.0004%	1h	85,497.4	+0.033%	$36.5M	—	200x
Aster BTCUSDT	+0.0011%	8h	85,478.8	+0.011%	$515.2M	$1.10B	200x	as long as short
dYdX BTC-USD	+0.0011%	1h	85,459.5	−0.012%	$16.7M	$21.2M	50x	as long as short
Nado BTC-PERP	+0.0017%	1h	85,481.7	+0.014%	$25.1M	$222.0M	50x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus BTC-USD	+0.0021%	1h	85,466.3	−0.004%	$4.6M	$97.8M	40x	as long as short
BingX BTC-USDC	+0.0062%	8h	85,473.4	+0.005%	—	$17.1M	—	as long as short
Phemex BTCUSDT	+0.0075%	8h	85,482.6	+0.015%	$147.8M	$488.3M	150x	as long as short
Bitget BTCUSDT	+0.0078%	8h	85,492.1	+0.027%	$2.95B	$5.08B	150x	as long as short
Reya BTCRUSDPERP	+0.0085%	1h	85,482.9	+0.016%	$6.7M	$146.8M	40x	as long as short
Lighter BTC	+0.0096%	1h	85,498.2	+0.034%	$172.4M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,502.8	+0.039%	$23.9M	$149.3M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,487	+0.021%	$8.6M	$53.2M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,482.7	+0.016%	$2.4M	$1.7M	20x	as long as short
MEXC BTC_USDT	+0.0099%	8h	85,487.7	+0.021%	$5.07B	$5.65B	500x	as long as short
Binance BTCUSDT	+0.0099%	8h	85,490	+0.024%	$9.36B	$24.16B	150x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,457	−0.014%	$210K	$8.1M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,532	+0.073%	$5.1M	$9.1M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,562.8	+0.109%	$3.75B	$4.99B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,511.5	+0.049%	$40.1M	$579.3M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,489.3	+0.023%	$5.20B	$9.80B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,496.9	+0.032%	$2.58B	$12.14B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,477	+0.009%	$3.9M	$18.3M	25x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,445.9	−0.028%	$666.8M	$675.6M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,489.9	+0.024%	$5.51B	$10.75B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,438.9	−0.036%	$35.6M	$176.7M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,420.9	−0.057%	$153.3M	$564.9M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,431	−0.045%	$279.1M	$923.0M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,456.5	−0.015%	$214.5M	$168.8M	50x	as long as short
ApeX Omni BTCUSDTlong	+0.0100%	1h	85,469.4	long leg	$139.7M	$314.8M	100x
StandX BTC-USD	+0.0100%	1h	85,442.5	−0.031%	$30.2M	$208.3M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,528	+0.069%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,480	+0.012%	$11.1M	$14.3M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,487.6	+0.021%	$190K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,487.6	+0.021%	$2.4M	$8.8M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,479.6	+0.012%	$30.0M	$50.2M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,467.6	−0.002%	$2.9M	$6.1M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,489	+0.023%	$59.9M	$336.1M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,478.8	+0.011%	$2.26B	$942.8M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	85,464.3	−0.006%	$44.6M	$231.0M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	85,500.4	+0.036%	—	$107.5M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,524.3	+0.064%	$117.2M	$5.20B	50x	as long as short
Deribit BTC-PERPETUAL	+0.0110%	1h	85,527.6	+0.068%	$891.1M	$1.58B	50x	as long as short
Injective BTC/USDC PERP	+0.0150%	1h	85,442	−0.032%	$339K	$26.9M	52x	as long as short
Kraken Futures PF_XBTUSD	+0.0170%	1h	85,509.3	+0.047%	$187.4M	$955.0M	100x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0176% / S −0.0152%	1h	85,492.9	+0.028%	$13.3M	—	200x	as long as short
RISEx BTC/USDC	+0.0194%	1h	85,509.9	+0.047%	$8.2M	$42.5M	25x	as long as short
Kalshi KXBTCPERP	+0.0219%	8h	85,520	+0.059%	$10.4M	$756.0M	6.4x	as long as short
Aftermath Perps BTCUSD	+0.0221%	1h	85,486.9	+0.021%	$78K	$219K	20x	as long as short
Hibachi BTC/USDT-P	+0.0232%	1h	85,478.9	+0.011%	$702K	$7.9M	30x	as long as short
Perpl BTC	+0.0447%	43m	85,491.3	+0.026%	$495K	$18.8M	6.7x	as long as short