Funding you earn now, next payment 07:00 UTC−0.0811%/8h= −88.8% APRpaid last 24h −0.028%
Price spread now: Bitget against ApeX Omni+0.287%73s7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as 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−$390.386% of the position
Funding, last 7 days−0.141%−$14 on $10k
+Price spread, last 4 days (all we have)−0.249%−$25 · spread now +0.287%, 7d avg +0.039%
=The price spread pays, funding is against you. Bitget is 0.248% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.287% now, against its 7-day average of +0.039%): +$25 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 7 days (−0.141% in total) that is about 12 days. The two prices were read 73 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 -0.141% in total (about -7.4% 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 | ApeX Omni COINUSDT | 195.45 | 0.0100 | pay 0.0013% / 1h | 26m 21s | $88K | $287K | 50x |
| Short | Bitget COINUSDT | 196.01 | −0.0711 | pay 0.0711% / 8h | 1h 26m | $6.3M | $10.6M | 20x |
ApeX Omni COINUSDT
Bitget COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$170.31
- Price spread: +0.287% → +0.039%
- $24.8
- Slippage, 4 orders
- −$16.64
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$184.15
- Costs to cover
- 0.386%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 16 min ago; Bitget: live order book, 2 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, 16 min ago | 2.82 bp | 7.8 bp −$8 | 11.0 bp −$110 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 2.04 bp | 11.5 bp −$11 | 19.2 bp −$192 | 103.1 bp −$10.3K | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDTshort | −0.0711% | 8h | 196.01 | +0.287% | $6.3M | $10.6M | 20x | |
| Injective COIN/USDC PERP | −0.0440% | 1h | 195.46 | +0.005% | $43K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0102% | 1h | 195.18 | −0.138% | — | $322K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.83 | +0.197% | $342K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 195.90 | +0.231% | $116K | $790K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 195.99 | +0.274% | $15.0M | $82.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.96 | +0.261% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.91 | +0.235% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 195.81 | +0.184% | $1.2M | $7.4M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.44 | −0.005% | $709K | $940K | — | as long as short |
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 195.49 | +0.019% | $17K | $2.7M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 195.94 | +0.251% | $461K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.63 | +0.092% | $15K | $54K | 5x | as long as short |
| QFEX COIN-USD | +0.0045% | 1h | 195.85 | +0.205% | $1.3M | $2.9M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.78 | +0.169% | $15.2M | $13.2M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.71 | +0.133% | $130K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.81 | +0.184% | $76 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.49 | +0.020% | $444K | $2.8M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.62 | +0.087% | $986K | $136K | 20x | as long as short |
| ApeX Omni COINUSDTlong | +0.0100% | 1h | 195.45 | long leg | $88K | $287K | 50x | |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.88 | +0.220% | $566 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.96 | +0.261% | $116 | — | 10x | as long as short |
| Lighter COIN | +0.0120% | 1h | 195.96 | +0.259% | $364K | $2.3M | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 195.72 | +0.138% | $187K | $424K | 20x | as long as short |
| edgeX COINUSDC | +0.0138% | 4h | 195.54 | +0.047% | $50K | $296K | 10x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 195.47 | +0.010% | $4K | $283K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
Arcus COIN-USD
QFEX COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Lighter COIN
BloFin COIN-USDT
edgeX COINUSDC
Phoenix COIN