BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.043%

Price spread now: Hibachi against ApeX Omni−0.024%65s7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs+$11as 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−$210.212% of the position

Long on ApeX Omni Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.319%+$32 on $10k

Price spread, last 7 days+0.074%+$7 · spread now −0.024%, 7d avg +0.030%

Together, before fees+0.393%+ Points / potential airdropHibachi: Active · farm board+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hibachi is 0.054% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.024% now, against its 7-day average of +0.030%). If the spread goes back, that is −$5 on $10k: about 43 hours of funding at the current rate (+$3 a day). The two prices were read 65 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	ApeX Omni BTCUSDT	85,427.7	0.0100	pay 0.0013% / 1h	35m 42s	$139.7M	$314.4M	100x
Short	Hibachi BTC/USDT-P	85,406.9	0.0200	get 0.0025% / 1h	35m 42s	$696K	$7.9M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi 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 HibachibpOrdersPrice spread, now −0.024%Rate

Funding earned: $21
Price spread: −0.024% → +0.030%: −$5.42
Slippage, 4 orders: −$2.23
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$5.66
Costs to cover: 0.212%
Break-even: 8.9 days

Slippage from ApeX Omni: live order book, 3 min ago; Hibachi: 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	0.50 bp	5.5 bp −$5	5.5 bp −$55	8.5 bp −$845	36.3 bp −$18.2K
Sell Hibachi live order book, 3 min ago	0.01 bp	5.6 bp −$6	6.3 bp −$63	41.4 bp −$4,140	doesn't fit

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	85,385	−0.050%	$2.2M	$10.3M	40x	as long as short
Bluefin BTC-PERP	−0.0164%	1h	85,324.5	−0.121%	$206K	$739K	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,341	−0.101%	$8K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0048%	1h	85,297.9	−0.152%	$364K	$2.3M	50x	as long as short
BloFin BTC-USDT	−0.0029%	8h	85,377.5	−0.059%	$416.4M	$665.7M	150x	as long as short
KuCoin XBTUSDTM	−0.0010%	8h	85,374.2	−0.063%	$919.4M	$750.8M	125x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	85,295.7	−0.155%	$36.4M	—	200x	as long as short
Aster BTCUSDT	+0.0010%	8h	85,372.2	−0.065%	$514.4M	$1.10B	200x	as long as short
dYdX BTC-USD	+0.0017%	1h	85,373	−0.064%	$16.7M	$21.3M	50x	as long as short
Arcus BTC-USD	+0.0021%	1h	85,379	−0.057%	$5.0M	$97.5M	40x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado BTC-PERP	+0.0059%	1h	85,290.9	−0.160%	$25.6M	$221.4M	50x	as long as short
BingX BTC-USDT	+0.0061%	8h	85,397.3	−0.036%	—	$1.55B	—	as long as short
Bitget BTCUSDT	+0.0076%	8h	85,394.4	−0.039%	$2.95B	$5.06B	150x	as long as short
Reya BTCRUSDPERP	+0.0080%	1h	85,265.1	−0.190%	$6.6M	$146.7M	40x	as long as short
Aevo BTC-PERP	+0.0088%	1h	85,287.1	−0.165%	$2.4M	$1.7M	20x	as long as short
MEXC BTC_USDT	+0.0091%	8h	85,402.6	−0.029%	$5.05B	$5.61B	500x	as long as short
Binance BTCUSDT	+0.0092%	8h	85,398.5	−0.034%	$9.35B	$24.10B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,374.4	−0.062%	$172.9M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,380.7	−0.055%	$23.8M	$148.8M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,315	−0.132%	$8.3M	$52.8M	100x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,438.2	+0.012%	$4.4M	$8.7M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,292	−0.159%	$214K	$8.0M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,437	+0.011%	$3.74B	$4.97B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,419.1	−0.010%	$40.0M	$578.1M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,389.7	−0.044%	$5.22B	$9.76B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,406.3	−0.025%	$2.57B	$12.12B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,365	−0.073%	$3.9M	$18.0M	25x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,369.7	−0.068%	$5.50B	$10.65B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,333.9	−0.110%	$35.6M	$176.3M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,260.9	−0.195%	$153.4M	$563.6M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,434.6	+0.008%	$279.2M	$917.6M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,454	+0.031%	$214.5M	$169.8M	50x	as long as short
ApeX Omni BTCUSDTlong	+0.0100%	1h	85,427.7	long leg	$139.7M	$314.4M	100x
StandX BTC-USD	+0.0100%	1h	85,424	−0.004%	$30.2M	$207.8M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,362.1	−0.077%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,291	−0.160%	$11.0M	$14.2M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,283	−0.169%	$193K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,286.1	−0.166%	$2.4M	$8.9M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,280	−0.173%	$29.9M	$51.0M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,271.1	−0.183%	$2.9M	$6.1M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,291	−0.160%	$59.8M	$336.2M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,314	−0.133%	$2.26B	$942.0M	200x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,316.5	−0.130%	$149.2M	$485.2M	150x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,513.6	+0.101%	$649.6M	$594.9M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,371.2	−0.066%	$44.1M	$226.8M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,331.2	−0.113%	—	$107.0M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,365.9	−0.072%	$116.6M	$5.17B	50x	as long as short
Deribit BTC-PERPETUAL	+0.0113%	1h	85,336.2	−0.107%	$894.5M	$1.54B	50x	as long as short
Injective BTC/USDC PERP	+0.0150%	1h	85,539	+0.130%	$340K	$26.9M	52x	as long as short
Kraken Futures PF_XBTUSD	+0.0171%	1h	85,323.3	−0.122%	$187.7M	$955.3M	100x	as long as short
RISEx BTC/USDC	+0.0194%	1h	85,421.5	−0.007%	$8.3M	$42.4M	25x	as long as short
Hibachi BTC/USDT-Pshort	+0.0200%	1h	85,406.9	−0.024%	$696K	$7.9M	30x
Aftermath Perps BTCUSD	+0.0201%	1h	85,456.7	+0.034%	$78K	$219K	20x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0202% / S −0.0178%	1h	85,293.9	−0.157%	$13.4M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0217%	8h	85,341	−0.101%	$10.4M	$758.6M	6.4x	as long as short
Perpl BTC	+0.0447%	43m	85,305.2	−0.143%	$506K	$18.9M	6.7x	as long as short