BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.05 per $10,000 · paid last 24h +0.008%

Price spread now: ApeX Omni against Injective−0.047%108s7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as 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−$140.142% of the position

Long on Injective Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.047%, 7d avg −0.010%

Together, before fees+0.078%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.037% cheaper against Injective than usual: you would sell low and buy high (spread −0.047% now, against its 7-day average of −0.010%). If the spread goes back, that is −$4 on $10k: about 2.9 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.022% in total) that is about 12 days. The two prices were read 108 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	Injective BTC/USDC PERP	85,374	0.0057	pay 0.0007% / 1h	59m 40s	$338K	$26.8M	52x
Short	ApeX Omni BTCUSDT	85,333.7	0.0100	get 0.0013% / 1h	59m 40s	$139.5M	$313.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Injective. 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 InjectivebpFee ApeX OmnibpOrdersPrice spread, now −0.047%Rate

Funding earned: $8.93
Price spread: −0.047% → −0.010%: −$3.69
Slippage, 4 orders: −$4.2
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$8.98
Costs to cover: 0.142%
Break-even: 14.0 days

Slippage from Injective: live order book, 5 min ago; ApeX Omni: live order book, 5 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 Injective live order book, 5 min ago	1.58 bp	1.9 bp −$2	14.7 bp −$147	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 5 min ago	0.36 bp	5.4 bp −$5	5.4 bp −$54	11.7 bp −$1,169	37.4 bp −$18.7K

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	−0.0082%	1h	85,415	+0.048%	$2.3M	$10.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,350	−0.028%	$8K	$3K	50x	as long as short
KuCoin XBTUSDTM	−0.0031%	8h	85,340.4	−0.039%	$928.4M	$773.2M	125x	as long as short
BloFin BTC-USDT	−0.0023%	8h	85,336.6	−0.044%	$420.9M	$680.7M	150x	as long as short
Aster BTCUSDT	−0.0005%	8h	85,343	−0.036%	$512.2M	$1.09B	200x	as long as short
Perpl BTC	0.0000%	43m	85,343.9	−0.035%	$491K	$18.3M	6.7x	as long as short
Deribit BTC-PERPETUAL	0.0000%	1h	85,392.5	+0.022%	$847.8M	$1.65B	50x	as long as short
dYdX BTC-USD	+0.0001%	1h	85,384.6	+0.012%	$16.7M	$21.0M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,384.6	+0.012%	$36.5M	—	200x	as long as short
01 Exchange BTCUSD	+0.0008%	1h	85,359.3	−0.017%	$352K	$2.3M	50x	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	+0.0049%	1h	85,319.1	−0.064%	$24.1M	$219.6M	50x	as long as short
Injective BTC/USDC PERPlong	+0.0057%	1h	85,374	long leg	$338K	$26.8M	52x
BingX BTC-USDT	+0.0073%	8h	85,347.2	−0.031%	—	$1.57B	—	as long as short
Kraken Futures PF_XBTUSD	+0.0089%	1h	85,382.1	+0.010%	$185.8M	$952.0M	100x	as long as short
Bybit BTCUSDT	+0.0089%	8h	85,338.8	−0.041%	$5.13B	$9.97B	150x	as long as short
Bitget BTCUSDT	+0.0091%	8h	85,339.3	−0.041%	$2.96B	$5.16B	150x	as long as short
SoDEX BTC-USD	+0.0093%	1h	85,368	−0.007%	$59.7M	$336.6M	40x	as long as short
Lighter BTC	+0.0096%	1h	85,355.3	−0.022%	$169.8M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,359.7	−0.017%	$23.5M	$149.3M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,348	−0.030%	$8.4M	$57.2M	100x	as long as short
MEXC BTC_USDT	+0.0096%	8h	85,347.3	−0.031%	$5.03B	$5.70B	500x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,361	−0.015%	$2.4M	$6.7M	20x	as long as short
Binance BTCUSDT	+0.0096%	8h	85,347.3	−0.031%	$9.42B	$24.88B	150x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,328	−0.054%	$245K	$8.6M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,391.8	+0.021%	$5.8M	$9.5M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,425	+0.060%	$3.74B	$5.06B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,378.1	+0.005%	$39.9M	$605.4M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,356.4	−0.021%	$2.60B	$12.18B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,340	−0.040%	$3.8M	$17.1M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,346.5	−0.032%	$5.1M	$96.0M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,324.1	−0.058%	$690.8M	$302.3M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,349.4	−0.029%	$5.54B	$10.97B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,355.4	−0.022%	$37.2M	$183.4M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,299.4	−0.087%	$156.2M	$556.9M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,330.6	−0.051%	$279.6M	$954.6M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,342.1	−0.037%	$214.2M	$158.7M	50x	as long as short
ApeX Omni BTCUSDTshort	+0.0100%	1h	85,333.7	−0.047%	$139.5M	$313.1M	100x
StandX BTC-USD	+0.0100%	1h	85,355.8	−0.021%	$30.1M	$207.7M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,414	+0.047%	—	$9.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,376	+0.002%	$11.0M	$14.7M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,374.4	0.000%	$199K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,364.1	−0.012%	$2.6M	$9.8M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,400.6	+0.031%	$194K	$795K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,383.8	+0.011%	$30.0M	$46.1M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,325	−0.057%	$2.9M	$6.1M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,366.7	−0.009%	$2.26B	$963.2M	200x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,379.1	+0.006%	$157.7M	$512.4M	150x	as long as short
Extended BTC-USD	+0.0104%	1h	85,315	−0.069%	$45.2M	$240.1M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,335.2	−0.045%	—	$104.3M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,397.8	+0.028%	$113.1M	$5.48B	50x	as long as short
Reya BTCRUSDPERP	+0.0135%	1h	85,361.4	−0.015%	$6.6M	$147.2M	40x	as long as short
Kalshi KXBTCPERP	+0.0173%	8h	85,382	+0.009%	$11.9M	$738.9M	6.4x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0175% / S −0.0147%	1h	85,382	+0.009%	$13.0M	—	200x	as long as short
RISEx BTC/USDC	+0.0193%	1h	85,377.3	+0.004%	$8.8M	$42.7M	25x	as long as short
Hibachi BTC/USDT-P	+0.0208%	1h	85,374.7	+0.001%	$684K	$7.8M	30x	as long as short
Aftermath Perps BTCUSD	+0.0283%	1h	85,405.3	+0.037%	$79K	$246K	20x	as long as short