Funding you earn now, next payment 03:00 UTC−0.0084%/8h= −9.3% APRnext payment −$0.11 per $10,000 · paid last 24h −0.017%
Price spread now: QFEX against ApeX Omni−0.122%116s7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$280.281% of the position
Funding, last 4 days (all we have)−0.076%−$8 on $10k
+Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.122%, 7d avg +0.002%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and QFEX is 0.124% cheaper against ApeX Omni than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.002%). Swap the legs. The two prices were read 116 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 | 197.49 | 0.0100 | pay 0.0013% / 1h | 49m 42s | $89K | $286K | 50x |
| Short | QFEX COIN-USD | 197.25 | 0.0016 | get 0.0002% / 1h | 49m 42s | $1.3M | $3.5M | 10x |
ApeX Omni COINUSDT
QFEX COIN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$17.74
- Price spread: −0.122% → +0.002%
- −$12.38
- Slippage, 4 orders
- −$8.09
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$58.21
- Costs to cover
- 0.281%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 13 min ago; QFEX: live order book, 3 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, 13 min ago | 2.78 bp | 7.8 bp −$8 | 14.1 bp −$141 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 3 min ago | 1.26 bp | 6.3 bp −$6 | 8.2 bp −$82 | doesn't fit | doesn't fit |
COIN on 25 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 | −0.0737% | 8h | 197.31 | −0.091% | $6.3M | $10.1M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.53 | +0.020% | $44K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0136% | 8h | 197.37 | −0.061% | $1.2M | $7.0M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0089% | 1h | 196.86 | −0.319% | — | $284K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.39 | −0.049% | $349K | $877K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.19 | −0.151% | $119K | $697K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.26 | −0.115% | $15.1M | $78.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.28 | −0.106% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.34 | −0.076% | $3.0M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.61 | +0.059% | $818K | $905K | — | 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 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.63 | +0.071% | $14K | $2.1M | 10x | as long as short |
| QFEX COIN-USDshort | +0.0016% | 1h | 197.25 | −0.122% | $1.3M | $3.5M | 10x | |
| Lighter COIN | +0.0032% | 1h | 197.23 | −0.133% | $367K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.21 | −0.142% | $449K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.45 | −0.020% | $15K | $54K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.25 | −0.122% | $15.7M | $13.3M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.19 | −0.152% | $125K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.20 | −0.147% | $92 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.06 | −0.218% | $351K | $3.0M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.26 | −0.116% | $993K | $143K | 20x | as long as short |
| ApeX Omni COINUSDTlong | +0.0100% | 1h | 197.49 | long leg | $89K | $286K | 50x | |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.15 | −0.172% | $570 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.17 | −0.164% | $116 | — | 10x | as long as short |
| edgeX COINUSDC | +0.0114% | 4h | 197.30 | −0.094% | $51K | $294K | 10x | as long as short |
| Phoenix COIN | +0.0162% | 1h | 197.52 | +0.015% | $5K | $281K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter COIN
Lighter RH COIN
Arcus 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
edgeX COINUSDC
Phoenix COIN