Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.007%
Price spread now: Polymarket Perps against ApeX Omni+0.102%63s7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as 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−$260.258% of the position
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.102%, 7d avg −0.001%
=The price spread pays, funding is against you. Polymarket Perps is 0.103% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.102% now, against its 7-day average of −0.001%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.9 days. At the pace of the last 7 days (−0.038% in total) that is about 19 days. 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 COINUSDT | 196.34 | 0.0100 | pay 0.0013% / 1h | 3m 53s | $88K | $287K | 50x |
| Short | Polymarket Perps COIN-USD | 196.54 | 0.0050 | get 0.0006% / 1h | 3m 53s | $132K | $1.2M | 10x |
ApeX Omni COINUSDT
Polymarket Perps COIN-USDFunding 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: +0.102% → −0.001%
- $10.32
- Slippage, 4 orders
- −$7.8
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$25.98
- Costs to cover
- 0.258%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 48 min ago; Polymarket Perps: live order book, 4 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, 48 min ago | 2.79 bp | 7.8 bp −$8 | 12.0 bp −$120 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 4 min ago | 0.76 bp | 4.8 bp −$5 | 5.2 bp −$52 | 8.5 bp −$850 | 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 COINUSDT | −0.0733% | 8h | 196.70 | +0.183% | $6.3M | $10.5M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.34 | 0.000% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0226% | 8h | 196.67 | +0.168% | $1.2M | $7.3M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0109% | 1h | 195.93 | −0.209% | — | $270K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.56 | +0.110% | $343K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.54 | +0.101% | $116K | $845K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.57 | +0.117% | $14.7M | $80.6M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.62 | +0.143% | $4.8M | $6.1M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.58 | +0.122% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.50 | +0.082% | $689K | $944K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
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 | 196.45 | +0.058% | $20K | $2.5M | 10x | as long as short |
| QFEX COIN-USD | +0.0020% | 1h | 196.63 | +0.148% | $1.3M | $3.1M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.54 | +0.102% | $454K | $1.5M | 10x | as long as short |
| Lighter COIN | +0.0040% | 1h | 196.58 | +0.124% | $380K | $2.1M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.55 | +0.107% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.47 | +0.066% | $15.3M | $13.7M | 10x | as long as short |
| Polymarket Perps COIN-USDshort | +0.0050% | 1h | 196.54 | +0.102% | $132K | $1.2M | 10x | |
| SoDEX COIN-USD | +0.0050% | 1h | 196.56 | +0.112% | $79 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.19 | −0.076% | $350K | $2.7M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.49 | +0.076% | $990K | $143K | 20x | as long as short |
| ApeX Omni COINUSDTlong | +0.0100% | 1h | 196.34 | long leg | $88K | $287K | 50x | |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.62 | +0.143% | $569 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.56 | +0.111% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.42 | +0.041% | $188K | $393K | 20x | as long as short |
| Phoenix COIN | +0.0122% | 1h | 196.37 | +0.015% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0805% | 4h | 196.36 | +0.010% | $51K | $295K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter RH COIN
Lighter COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC