Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.015%
Price spread now: Polymarket Perps against ApeX Omni−0.208%63s7-day average +0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as 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−$560.562% of the position
Funding, last 7 days−0.066%−$7 on $10k
+Price spread, last 4 days (all we have)+0.323%+$32 · spread now −0.208%, 7d avg +0.032%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.240% cheaper against ApeX Omni than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of +0.032%). Swap the legs. The two prices were read 63 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 | ApeX Omni CLUSDT | 93.290 | 0.0100 | pay 0.0013% / 1h | 2m 14s | $54K | $266K | 50x |
| Short | Polymarket Perps WTIOIL-USD | 93.096 | 0.0050 | get 0.0006% / 1h | 2m 14s | $1.6M | $1.3M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against ApeX Omni. 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
- −$10.5
- Price spread: −0.208% → +0.032%
- −$24.02
- Slippage, 4 orders
- −$38.15
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$90.68
- Costs to cover
- 0.562%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 35 min ago; Polymarket Perps: live order book, 1 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 ApeX Omni live order book, 35 min ago | 8.59 bp | 20.3 bp −$20 | 172.6 bp −$1,726 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 1 min ago | 2.31 bp | 6.6 bp −$7 | 7.7 bp −$77 | 11.6 bp −$1,164 | doesn't fit |
CL on 36 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit WTIOIL_USDC-PERPETUAL | −0.0287% | 1h | 93.070 | −0.236% | $188K | $405K | 15x | as long as short |
| Aster CLUSD1 | −0.0250% | 4h | 93.172 | −0.126% | $24.8M | $62.3M | 20x | as long as short |
| GRVT CL_USDT_Perp | −0.0218% | 4h | 93.231 | −0.064% | $75K | $634K | 25x | as long as short |
| Kraken Futures PF_WTIOILUSD | −0.0210% | 1h | 93.121 | −0.182% | $273K | $928K | 25x | as long as short |
| Gate CL_USDT | −0.0139% | 8h | 93.020 | −0.289% | $23.2M | $50.8M | 100x | as long as short |
| Binance CLUSDT | −0.0139% | 4h | 93.146 | −0.155% | $246.6M | $925.9M | 100x | as long as short |
| Variational Omni CL | −0.0130% | 4h | 93.192 | −0.105% | $13.6M | $10.8M | — | as long as short |
| Nado WTI-PERP | −0.0108% | 1h | 93.143 | −0.157% | $953K | $613K | 10x | as long as short |
| Bitget CLUSDT | −0.0098% | 4h | 93.133 | −0.168% | $42.2M | $41.5M | 100x | as long as short |
| Aftermath Perps WTIUSD | −0.0083% | 1h | 93.137 | −0.164% | $1K | $26K | 5x | as long as short |
Show all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX CL-USDT-SWAP | −0.0065% | 4h | 93.130 | −0.172% | $42.6M | $103.3M | 50x | as long as short |
| edgeX CLUSDC | −0.0042% | 4h | 93.256 | −0.036% | $525K | $324K | 30x | as long as short |
| QFEX CL-USD | −0.0038% | 1h | 93.110 | −0.193% | $2.3M | $2.4M | 10x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | −0.0016% | 1h | 93.100 | −0.204% | $403K | $806K | 15x | as long as short |
| tradeXYZ xyz:CL | −0.0015% | 1h | 93.105 | −0.198% | $184.5M | $196.7M | 20x | as long as short |
| Lighter WTI | −0.0008% | 1h | 93.126 | −0.176% | $11.2M | $9.2M | 20x | as long as short |
| Ondo Perps WTI-USD.P | −0.0002% | 1h | 93.080 | −0.225% | $3.6M | $5.3M | 20x | as long as short |
| dYdX WTI-USD | 0.0000% | 1h | 93.133 | −0.168% | $8K | $3K | 5x | as long as short |
| Bybit CLUSDT | 0.0000% | 8h | 93.150 | −0.150% | $27.1M | $79.9M | 150x | as long as short |
| RISEx CL/USDC | 0.0000% | 1h | 93.133 | −0.169% | $3.0M | $2.8M | 20x | as long as short |
| Phoenix WTIOIL | 0.0000% | 1h | 93.140 | −0.161% | $37K | $40K | 20x | as long as short |
| Bullet WTIOIL-USD | 0.0000% | 1h | 93.086 | −0.219% | $18K | $240K | 10x | as long as short |
| gTrade (Gains Network) WTI/USD | L 0.0000% / S +0.0036% | 1h | 92.704 | −0.628% | $5K | — | 150x | as long as short |
| Paradex CL-USD-PERP | +0.0012% | 8h | 93.087 | −0.218% | $16K | $367 | 5x | as long as short |
| Extended WTI-USD | +0.0032% | 1h | 93.120 | −0.182% | $1.7M | $14.9M | 10x | as long as short |
| StandX CL-USD | +0.0040% | 1h | 93.130 | −0.172% | $734K | $2.8M | 40x | as long as short |
| Vest CL-PERP | +0.0046% | 1h | 93.090 | −0.214% | — | $313K | 10x | as long as short |
| Polymarket Perps WTIOIL-USDshort | +0.0050% | 1h | 93.096 | −0.208% | $1.6M | $1.3M | 20x | |
| SoDEX CL-USD | +0.0050% | 1h | 93.120 | −0.182% | $2.1M | $62K | 20x | as long as short |
| Pacifica CL | +0.0100% | 1h | 93.105 | −0.198% | $347K | $589K | 10x | as long as short |
| KuCoin CLUSDTM | +0.0100% | 4h | 93.160 | −0.139% | $7.1M | $2.4M | 50x | as long as short |
| ApeX Omni CLUSDTlong | +0.0100% | 1h | 93.290 | long leg | $54K | $266K | 50x | |
| Aevo WTIOIL-PERP | +0.0104% | 1h | 93.080 | −0.226% | $4K | — | 10x | as long as short |
| BloFin CL-USDT | +0.0171% | 4h | 93.100 | −0.204% | $4.0M | $1.0M | 50x | as long as short |
| Injective WTI/USDC PERP | +0.0220% | 1h | 102.13 | +9.480% | $19K | $11K | 30x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | L +0.0261% / S −0.0179% | 1h | 93.135 | −0.166% | $90K | — | 111x | as long as short |
ApeX Omni CLUSDT
Polymarket Perps WTIOIL-USD
Deribit WTIOIL_USDC-PERPETUAL
Aster CLUSD1
GRVT CL_USDT_Perp
Kraken Futures PF_WTIOILUSD
Gate CL_USDT
Binance CLUSDT
Variational Omni CL
Bitget CLUSDT
Aftermath Perps WTIUSD
OKX CL-USDT-SWAP
edgeX CLUSDC
Coinbase International WTIOIL-PERP-INTX
tradeXYZ xyz:CL
Lighter WTI
Bybit CLUSDT
RISEx CL/USDC
Phoenix WTIOIL
Bullet WTIOIL-USD
gTrade (Gains Network) WTI/USD
Paradex CL-USD-PERP
Extended WTI-USD
StandX CL-USD
SoDEX CL-USD
Pacifica CL
KuCoin CLUSDTM
BloFin CL-USDT
Injective WTI/USDC PERP
GMX WTIOIL/USD [ETH-USDC]