Funding you earn now, next payment 12:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.006%
Price spread now: BloFin against ApeX Omni−0.212%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$350.351% of the position
Funding, last 7 days+0.102%+$10 on $10k
+Price spread, last 4 days (all we have)+0.237%+$24 · spread now −0.212%, 7d avg +0.017%
=Funding pays, the price is against you. BloFin is 0.229% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.212% now, against its 7-day average of +0.017%). If the spread goes back, that is −$23 on $10k: about 38 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.102% in total) that is about 16 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni COINUSDT | 198.43 | 0.0100 | pay 0.0013% / 1h | 49m 10s | $89K | $272K | 50x |
| Short | BloFin COIN-USDT | 198.01 | 0.0120 | get 0.0120% / 8h | 4h 49m | $195K | $480K | 20x |
ApeX Omni COINUSDT
BloFin COIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $4.2
- Price spread: −0.212% → +0.017%
- −$22.87
- Slippage, 4 orders
- −$13.08
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$53.75
- Costs to cover
- 0.351%
- Break-even
- 96.6 days
Slippage from ApeX Omni: live order book, 56 min ago; BloFin: live order book, 55 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, 56 min ago | 2.77 bp | 8.5 bp −$8 | 15.5 bp −$155 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 55 min ago | 1.76 bp | 8.8 bp −$9 | 14.1 bp −$141 | 34.1 bp −$3,408 | doesn't fit |
COIN on 26 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 198.44 | +0.005% | $17K | $222K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.06 | −0.185% | $345K | $868K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.83 | −0.301% | $109K | $919K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 198.00 | −0.218% | $14.7M | $75.1M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 198.08 | −0.176% | $4.7M | $5.3M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.04 | −0.197% | $3.1M | $3.9M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 198.05 | −0.192% | $1.2M | $6.2M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 197.94 | −0.247% | $6.4M | $9.5M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 198.65 | +0.112% | $785K | $899K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.62 | +0.095% | $21K | $3.4M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter COIN | +0.0032% | 1h | 197.97 | −0.231% | $342K | $1.9M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.94 | −0.247% | $481K | $1.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0033% | 1h | 197.92 | −0.257% | $1.3M | $2.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 198.16 | −0.136% | $20K | $31K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 197.97 | −0.232% | — | $277K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.84 | −0.297% | $14.6M | $11.1M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.86 | −0.287% | $119K | $1.3M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 198.00 | −0.217% | $85 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.80 | −0.317% | $326K | $2.1M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.99 | −0.222% | $933K | $264K | 20x | as long as short |
| ApeX Omni COINUSDTlong | +0.0100% | 1h | 198.43 | long leg | $89K | $272K | 50x | |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.92 | −0.257% | $572 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.67 | −0.385% | $117 | — | 10x | as long as short |
| BloFin COIN-USDTshort | +0.0120% | 8h | 198.01 | −0.212% | $195K | $480K | 20x | |
| Phoenix COIN | +0.0121% | 1h | 198.90 | +0.237% | $5K | $268K | 10x | as long as short |
| edgeX COINUSDC | +0.0261% | 4h | 198.55 | +0.062% | $51K | $293K | 10x | as long as short |
Lighter COIN
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
Vest COIN-USD-PERP
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
Phoenix COIN
edgeX COINUSDC