Funding you earn now, next payment 07:00 UTC−0.0355%/8h= −38.9% APRpaid last 24h +0.012%
Price spread now: ApeX Omni against Bybit+0.226%99s7-day average +0.133% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as 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−$650.649% of the position
Funding, last 7 days−0.102%−$10 on $10k
+Price spread, last 4 days (all we have)−0.188%−$19 · spread now +0.226%, 7d avg +0.133%
=The price spread pays, funding is against you. ApeX Omni is 0.092% dearer against Bybit than usual: you sell high and buy low (spread +0.226% now, against its 7-day average of +0.133%): +$9 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−0.102% in total) that is about 6.3 days. The two prices were read 99 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 -0.102% in total (about -5.3% 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 | Bybit ENSUSDT | 6.6430 | 0.0100 | pay 0.0100% / 8h | 1h 10m | $5.4M | $3.3M | 75x |
| Short | ApeX Omni ENSUSDT | 6.6580 | −0.0255 | pay 0.0032% / 1h | 10m 01s | $24K | $608K | 50x |
Bybit ENSUSDT
ApeX Omni ENSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Bybit. 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
- −$74.61
- Price spread: +0.226% → +0.133%
- $9.23
- Slippage, 4 orders
- −$43.87
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$130.25
- Costs to cover
- 0.649%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; ApeX Omni: live order book, 33 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 Bybit live order book, 3 min ago | 3.01 bp | 13.9 bp −$14 | 53.8 bp −$538 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 33 min ago | 9.03 bp | 17.1 bp −$17 | 93.0 bp −$930 | doesn't fit | doesn't fit |
ENS on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ENSUSD | −0.1061% | 1h | 6.6512 | +0.124% | $90K | $365K | 20x | as long as short |
| ApeX Omni ENSUSDTshort | −0.0255% | 1h | 6.6580 | +0.226% | $24K | $608K | 50x | |
| OKX ENS-USDT-SWAP | −0.0033% | 8h | 6.6470 | +0.060% | $2.3M | $3.4M | 20x | as long as short |
| Gate ENS_USDT | +0.0075% | 8h | 6.6510 | +0.120% | $465K | $573K | 75x | as long as short |
| Hyperliquid ENS | +0.0100% | 1h | 6.6638 | +0.313% | $3.0M | $294K | 5x | as long as short |
| Aster ENSUSDT | +0.0100% | 8h | 6.6501 | +0.107% | $9K | $105K | 10x | as long as short |
| Binance ENSUSDT | +0.0100% | 8h | 6.6470 | +0.060% | $5.1M | $13.5M | 75x | as long as short |
| Bybit ENSUSDTlong | +0.0100% | 8h | 6.6430 | long leg | $5.4M | $3.3M | 75x | |
| MEXC ENS_USDT | +0.0100% | 8h | 6.6490 | +0.090% | $6.9M | $1.0M | 75x | as long as short |
| KuCoin ENSUSDTM | +0.0100% | 8h | 6.6540 | +0.166% | $1.8M | $118K | 50x | as long as short |
Kraken Futures PF_ENSUSD
OKX ENS-USDT-SWAP
Gate ENS_USDT
Hyperliquid ENS
Aster ENSUSDT
Binance ENSUSDT
MEXC ENS_USDT
KuCoin ENSUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ENSUSDT | +0.0100% | 8h | 6.6550 | +0.181% | $2.9M | $1.2M | 75x | as long as short |
| BingX ENS-USDT | +0.0100% | 8h | 6.6430 | 0.000% | — | $7.5M | — | as long as short |
| Variational Omni ENS | +0.0100% | 8h | 6.6453 | +0.034% | $108K | $13K | — | as long as short |
| Extended ENS-USD | +0.0104% | 1h | 6.6509 | +0.119% | $572 | $257K | 10x | as long as short |
| BloFin ENS-USDT | +0.0107% | 8h | 6.6480 | +0.075% | $294K | $78K | 20x | as long as short |
Bitget ENSUSDT
BingX ENS-USDT
Variational Omni ENS
Extended ENS-USD
BloFin ENS-USDT