BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0121%/8h= −13.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.010%

Price spread now: ApeX Omni against Bullet−0.323%66s7-day average +0.001% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$190.186% of the position

Long on Bullet Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.009%−$1 on $10k

Price spread, last 7 days+0.294%+$29 · spread now −0.323%, 7d avg +0.001%

Together, before fees+0.285%+$29 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 0.323% cheaper against Bullet than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of +0.001%). Swap the legs. The two prices were read 66 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	Bullet BTC-USD	87,224.7	0.0100	pay 0.0013% / 1h	32m 20s	$240K	$3.4M	20x
Short	ApeX Omni BTCUSDT	86,943.4	−0.0021	pay 0.0003% / 1h	32m 20s	$141.9M	$321.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bullet. 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 BulletbpFee ApeX OmnibpOrdersPrice spread, now −0.323%Rate

Funding earned: −$25.45
Price spread: −0.323% → +0.001%: −$32.32
Slippage, 4 orders: −$0.57
Fee Bullet: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$76.34
Costs to cover: 0.186%
Break-even: never at this rate

Slippage from Bullet: live order book, 2 min ago; ApeX Omni: live order book, 2 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 Bullet live order book, 2 min ago	0.06 bp	4.3 bp −$4	6.9 bp −$69	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 2 min ago	0.09 bp	5.1 bp −$5	5.1 bp −$51	7.2 bp −$717	36.5 bp −$18.2K

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
dYdX BTC-USD	−0.0137%	1h	87,306.5	+0.094%	$18.3M	$19.7M	50x	as long as short
Phoenix BTC	−0.0123%	1h	86,923	−0.346%	$2.2M	$12.0M	40x	as long as short
Perpl BTC	−0.0112%	43m	87,252.2	+0.031%	$415K	$25.9M	6.7x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	87,268	+0.050%	$9K	$3K	50x	as long as short
Aftermath Perps BTCUSD	−0.0037%	1h	86,966.3	−0.296%	$87K	$180K	20x	as long as short
01 Exchange BTCUSD	−0.0024%	1h	87,243	+0.021%	$295K	$2.4M	50x	as long as short
ApeX Omni BTCUSDTshort	−0.0021%	1h	86,943.4	−0.323%	$141.9M	$321.9M	100x
KuCoin XBTUSDTM	−0.0005%	8h	87,223.2	−0.002%	$848.2M	$685.0M	125x	as long as short
Phemex BTCUSDT	−0.0003%	8h	87,309.5	+0.097%	$154.2M	$455.7M	150x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	87,239.9	+0.017%	$37.3M	—	200x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BTC-USDT	+0.0010%	8h	87,259.4	+0.040%	—	$1.56B	—	as long as short
RISEx BTC/USDC	+0.0010%	1h	87,245.6	+0.024%	$8.7M	$40.8M	25x	as long as short
Bitget BTCUSDT	+0.0013%	8h	87,324	+0.114%	$2.98B	$5.03B	150x	as long as short
Reya BTCRUSDPERP	+0.0016%	1h	87,205.7	−0.022%	$7.0M	$141.8M	40x	as long as short
Aster BTCUSDT	+0.0028%	8h	87,227.5	+0.003%	$510.5M	$1.16B	200x	as long as short
Injective BTC/USDC PERP	+0.0035%	1h	86,952	−0.313%	$328K	$26.9M	52x	as long as short
OKX BTC-USDT-SWAP	+0.0036%	8h	87,277.8	+0.061%	$2.62B	$12.62B	100x	as long as short
Kraken Futures PF_XBTUSD	+0.0041%	1h	87,378.8	+0.177%	$198.8M	$914.1M	100x	as long as short
MEXC BTC_USDT	+0.0044%	8h	87,217	−0.009%	$5.17B	$5.50B	500x	as long as short
Binance BTCUSDT	+0.0044%	8h	87,327.1	+0.117%	$9.58B	$23.94B	150x	as long as short
Aevo BTC-PERP	+0.0048%	1h	87,352.7	+0.147%	$2.4M	$1.3M	20x	as long as short
Gate BTC_USDT	+0.0061%	8h	87,248.5	+0.027%	$5.95B	$10.41B	200x	as long as short
SoDEX BTC-USD	+0.0066%	1h	87,323	+0.113%	$61.6M	$312.0M	40x	as long as short
Bybit BTCUSDT	+0.0078%	8h	87,321.7	+0.111%	$5.35B	$9.55B	150x	as long as short
Deribit BTC-PERPETUAL	+0.0085%	1h	87,381.4	+0.180%	$933.4M	$1.32B	50x	as long as short
Bulk BTC-USD	+0.0090%	1h	87,280.5	+0.064%	$575.7M	$25.9M	40x	as long as short
Orderly PERP_BTC_USDC	+0.0091%	8h	87,323.6	+0.113%	$2.5M	$8.2M	100x	as long as short
Variational Omni BTC	+0.0092%	8h	86,903.5	−0.368%	$165.1M	$544.5M	—	as long as short
Lighter BTC	+0.0096%	1h	87,337.4	+0.129%	$174.2M	$998.4M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	87,342	+0.134%	$24.6M	$148.4M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	87,223	−0.002%	$8.5M	$51.1M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0099%	8h	86,929.1	−0.339%	$218.2M	$185.7M	50x	as long as short
Paradex BTC-USD-PERP	+0.0099%	8h	87,291.9	+0.077%	$4.3M	$7.7M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	87,226	+0.001%	$181K	$6.5M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	87,261.4	+0.042%	$23.4M	$234.6M	50x	as long as short
Pacifica BTC	+0.0100%	1h	87,312.3	+0.100%	$37.0M	$459.3M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	87,243	+0.021%	$3.9M	$18.7M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	87,289.4	+0.074%	$7.5M	$93.9M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	87,234	+0.011%	$38.8M	$143.1M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,936.3	−0.331%	$285.6M	$916.8M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,875.9	−0.400%	$30.8M	$206.1M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	87,246.3	+0.025%	—	$11.6M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	87,230	+0.006%	$11.1M	$13.6M	50x	as long as short
Bullet BTC-USDlong	+0.0100%	1h	87,224.7	long leg	$240K	$3.4M	20x
Bluefin BTC-PERP	+0.0100%	1h	87,296.6	+0.082%	$161K	$574K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	87,329.1	+0.120%	$30.2M	$60.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	87,341.9	+0.134%	$3.5M	$5.7M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	87,303.5	+0.090%	$2.32B	$932.8M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	87,305.5	+0.093%	$46.7M	$227.3M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	87,135.9	−0.102%	—	$89.0M	500x	as long as short
Kalshi KXBTCPERP	+0.0111%	8h	87,291	+0.076%	$9.5M	$714.3M	6.4x	as long as short
Hibachi BTC/USDT-P	+0.0112%	1h	86,949.1	−0.316%	$602K	$6.8M	30x	as long as short
Coinbase International BTC-PERP-INTX	+0.0136%	1h	87,397	+0.197%	$132.3M	$5.99B	50x	as long as short
BloFin BTC-USDT	+0.0165%	8h	86,924.3	−0.344%	$422.5M	$630.4M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0177% / S −0.0193%	1h	87,235.4	+0.012%	$13.9M	—	200x	as long as short
Hyperliquid BTC	+0.0264%	1h	87,311	+0.099%	$4.03B	$4.91B	40x	as long as short