BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.02 per $10,000 · paid last 24h −0.011%

Price spread now: ApeX Omni against StandX−0.014%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$210.207% of the position

Long on StandX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 7 days+0.013%+$1 · spread now −0.014%, 7d avg +0.012%

Together, before fees+0.001%+ Points / potential airdropStandX: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and ApeX Omni is 0.027% cheaper against StandX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.012%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX BTC-USD	86,317.3	0.0100	pay 0.0013% / 1h	48m 49s	$30.6M	$208.4M	40x
Short	ApeX Omni BTCUSDT	86,304.8	0.0088	get 0.0011% / 1h	48m 49s	$141.4M	$323.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against StandX. 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 StandXbpFee ApeX OmnibpOrdersPrice spread, now −0.014%Rate

Funding earned: −$2.59
Price spread: −0.014% → +0.012%: −$2.67
Slippage, 4 orders: −$2.68
Fee StandX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$25.94
Costs to cover: 0.207%
Break-even: never at this rate

Slippage from StandX: live order book, 5 min ago; ApeX Omni: live order book, just now.

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 StandX live order book, 5 min ago	0.64 bp	5.5 bp −$6	6.7 bp −$67	8.8 bp −$880	10.1 bp −$5,030
Sell ApeX Omni live order book, just now	0.17 bp	5.2 bp −$5	5.2 bp −$52	12.4 bp −$1,240	42.2 bp −$21.1K

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	−0.0129%	1h	86,441	+0.143%	$2.2M	$11.2M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,309	−0.010%	$9K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0032%	1h	86,338.3	+0.024%	$361K	$2.4M	50x	as long as short
Perpl BTC	0.0000%	43m	86,342.4	+0.029%	$481K	$22.0M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,345	+0.032%	$36.9M	—	200x	as long as short
dYdX BTC-USD	+0.0007%	1h	86,302.2	−0.018%	$16.9M	$20.6M	50x	as long as short
Aster BTCUSDT	+0.0015%	8h	86,331.1	+0.016%	$500.7M	$1.15B	200x	as long as short
Injective BTC/USDC PERP	+0.0023%	1h	86,616	+0.346%	$333K	$26.9M	52x	as long as short
KuCoin XBTUSDTM	+0.0031%	8h	86,348.2	+0.036%	$829.9M	$723.8M	125x	as long as short
Reya BTCRUSDPERP	+0.0041%	1h	86,329.9	+0.015%	$6.7M	$145.7M	40x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BTC-USDC	+0.0047%	8h	86,321.2	+0.005%	—	$15.4M	—	as long as short
RISEx BTC/USDC	+0.0052%	1h	86,334.4	+0.020%	$8.3M	$42.9M	25x	as long as short
Bitget BTCUSDT	+0.0060%	8h	86,330	+0.015%	$2.97B	$5.09B	150x	as long as short
Aevo BTC-PERP	+0.0072%	1h	86,531.4	+0.248%	$2.5M	$1.5M	20x	as long as short
MEXC BTC_USDT	+0.0075%	8h	86,326	+0.010%	$5.12B	$5.67B	500x	as long as short
Binance BTCUSDT	+0.0075%	8h	86,330.7	+0.016%	$9.41B	$24.51B	150x	as long as short
Deribit BTC-PERPETUAL	+0.0076%	1h	86,388.5	+0.083%	$903.0M	$1.51B	50x	as long as short
SoDEX BTC-USD	+0.0083%	1h	86,345	+0.032%	$60.4M	$338.2M	40x	as long as short
ApeX Omni BTCUSDTshort	+0.0088%	1h	86,304.8	−0.014%	$141.4M	$323.2M	100x
Lighter BTC	+0.0096%	1h	86,359.8	+0.049%	$170.0M	$981.7M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,367.3	+0.058%	$23.7M	$148.8M	50x	as long as short
GRVT BTC_USDT_Perp	+0.0096%	8h	86,431.6	+0.132%	$216.9M	$167.8M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,333	+0.018%	$8.4M	$52.2M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,296	−0.025%	$205K	$7.1M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,358	+0.047%	$4.7M	$8.5M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,296.4	−0.024%	$22.0M	$232.2M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,419	+0.118%	$3.79B	$5.04B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,346.9	+0.034%	$40.7M	$546.1M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	86,339.9	+0.026%	$5.26B	$9.75B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,348.2	+0.036%	$2.56B	$12.64B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,330	+0.015%	$3.9M	$18.0M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,345.3	+0.032%	$7.3M	$95.9M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,523.6	+0.239%	$572.9M	$12.4M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	86,337.1	+0.023%	$5.81B	$10.49B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,344.1	+0.031%	$37.5M	$155.4M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,309.8	−0.009%	$157.9M	$567.5M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,419.2	+0.118%	$279.1M	$949.0M	100x	as long as short
StandX BTC-USDlong	+0.0100%	1h	86,317.3	long leg	$30.6M	$208.4M	40x
Vest BTC-PERP	+0.0100%	1h	86,363.7	+0.054%	—	$11.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,324	+0.008%	$11.1M	$14.1M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,332.5	+0.018%	$191K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,341.4	+0.028%	$2.5M	$9.1M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,357.8	+0.047%	$140K	$663K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,371	+0.062%	$30.5M	$62.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,317.2	0.000%	$3.4M	$5.3M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,338.8	+0.025%	$2.29B	$968.0M	200x	as long as short
Phemex BTCUSDT	+0.0100%	8h	86,355.6	+0.044%	$153.3M	$478.8M	150x	as long as short
Extended BTC-USD	+0.0104%	1h	86,311.8	−0.006%	$45.9M	$224.1M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,330.9	+0.016%	—	$99.9M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,382.5	+0.076%	$132.5M	$5.56B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0121%	1h	86,387	+0.081%	$192.0M	$951.5M	100x	as long as short
Hibachi BTC/USDT-P	+0.0160%	1h	86,366.2	+0.057%	$711K	$8.0M	30x	as long as short
Aftermath Perps BTCUSD	+0.0164%	1h	86,405.3	+0.102%	$77K	$221K	20x	as long as short
BloFin BTC-USDT	+0.0195%	8h	86,345.4	+0.033%	$414.9M	$653.4M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0201% / S −0.0215%	1h	86,343.6	+0.030%	$14.5M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0211%	8h	86,344	+0.031%	$9.7M	$760.8M	6.4x	as long as short