Funding you earn now, next payment 08:00 UTC−0.0290%/8h= −31.8% APRpaid last 24h −0.056%
Price spread now: ApeX Omni against OKX+0.415%80s7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$376as 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−$3663.656% of the position
Funding, last 7 days−0.099%−$10 on $10k
+Price spread, last 4 days (all we have)+0.186%+$19 · spread now +0.415%, 7d avg −0.007%
=The price spread pays, funding is against you. ApeX Omni is 0.422% dearer against OKX than usual: you sell high and buy low (spread +0.415% now, against its 7-day average of −0.007%): +$42 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 4.8 days. At the pace of the last 7 days (−0.099% in total) that is about 30 days. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.099% in total (about -5.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX EDGE-USDT-SWAP | 0.6025 | 0.0390 | pay 0.0195% / 4h | 36m 08s | $3.8M | $6.1M | 20x |
| Short | ApeX Omni EDGEUSDT | 0.6050 | 0.0100 | get 0.0013% / 1h | 36m 08s | $9K | $295K | 50x |
OKX EDGE-USDT-SWAP
ApeX Omni EDGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$60.99
- Price spread: +0.415% → −0.007%
- $42.2
- Slippage, 4 orders
- −$345.56
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$384.36
- Costs to cover
- 3.656%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; ApeX Omni: live order book, 66 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 OKX live order book, 2 min ago | 0.83 bp | 17.1 bp −$17 | 136.5 bp −$1,365 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 66 min ago | 14.15 bp | 166.6 bp −$167 | doesn't fit | doesn't fit | doesn't fit |
EDGE on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter EDGE | +0.0096% | 1h | 0.6004 | −0.355% | $44K | $22K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.6003 | −0.365% | $7.3M | $3.4M | 25x | as long as short |
| KuCoin EDGEUSDTM | +0.0100% | 4h | 0.6012 | −0.216% | $2.1M | $2.2M | 50x | as long as short |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.6004 | −0.349% | $4.8M | $1.1M | 20x | as long as short |
| Backpack EDGE_USDC_PERP | +0.0100% | 1h | 0.6023 | −0.028% | $57K | $123K | 3.3x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.6047 | +0.362% | $191K | $145K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.6016 | −0.150% | $9K | $3.1M | 10x | as long as short |
| ApeX Omni EDGEUSDTshort | +0.0100% | 1h | 0.6050 | +0.415% | $9K | $295K | 50x | |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5977 | −0.797% | $3K | $644K | 10x | as long as short |
| Aster EDGEUSDT | +0.0263% | 4h | 0.6016 | −0.152% | $53K | $153K | 5x | as long as short |
Lighter EDGE
Bybit EDGEUSDT
KuCoin EDGEUSDTM
Bitget EDGEUSDT
Backpack EDGE_USDC_PERP
Variational Omni EDGE
GRVT EDGE_USDT_Perp
SunX EDGE-USDT
Aster EDGEUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX EDGEUSDC | +0.0360% | 4h | 0.6020 | −0.077% | $14.5M | $3.7M | 30x | as long as short |
| OKX EDGE-USDT-SWAPlong | +0.0390% | 4h | 0.6025 | long leg | $3.8M | $6.1M | 20x | |
| Binance EDGEUSDT | +0.0439% | 4h | 0.6016 | −0.149% | $10.4M | $10.9M | 50x | as long as short |
| Extended EDGE-USD | +0.0440% | 1h | 0.6017 | −0.127% | $32K | $269K | 5x | as long as short |
| MEXC EDGE_USDT | +0.0440% | 4h | 0.6018 | −0.116% | $1.1M | $759K | 50x | as long as short |
| BloFin EDGE-USDT | +0.0461% | 4h | 0.6018 | −0.116% | $674K | $106K | 50x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0625% | 4h | 0.6015 | −0.166% | $3K | $1K | 10x | as long as short |
edgeX EDGEUSDC
Binance EDGEUSDT
Extended EDGE-USD
MEXC EDGE_USDT
BloFin EDGE-USDT
Orderly PERP_EDGE_USDC