Funding you earn now, next payment 06:00 UTC+0.0818%/8h= +89.6% APRpaid last 24h +0.028%
Price spread now: ApeX Omni against Bitget−0.117%7-day average −0.039% · 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−$47as in the Price arb table
costs, in and out, $10k−$390.387% of the position
Funding, last 7 days+0.141%+$14 on $10k
+Price spread, last 4 days (all we have)+0.080%+$8 · spread now −0.117%, 7d avg −0.039%
=Funding pays, the price is against you. ApeX Omni is 0.078% cheaper against Bitget than usual: you would sell low and buy high (spread −0.117% now, against its 7-day average of −0.039%). If the spread goes back, that is −$8 on $10k: about 8 hours of funding at the current rate (+$25 a day). At the pace of the last 7 days (+0.141% in total) that is about 3.9 days.
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 | Bitget COINUSDT | 196.57 | −0.0718 | get 0.0718% / 8h | 2h 45m | $6.3M | $10.6M | 20x |
| Short | ApeX Omni COINUSDT | 196.34 | 0.0100 | get 0.0013% / 1h | 45m 20s | $88K | $287K | 50x |
Bitget COINUSDT
ApeX Omni COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Bitget. 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
- $171.78
- Price spread: −0.117% → −0.039%
- −$7.82
- Slippage, 4 orders
- −$16.7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $125.26
- Costs to cover
- 0.387%
- Break-even
- 1.9 days
Slippage from Bitget: live order book, 3 min ago; ApeX Omni: 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 Bitget live order book, 3 min ago | 2.29 bp | 12.4 bp −$12 | 20.4 bp −$204 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 2 min ago | 2.80 bp | 8.1 bp −$8 | 14.4 bp −$144 | doesn't fit | 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 COINUSDTlong | −0.0718% | 8h | 196.57 | long leg | $6.3M | $10.6M | 20x | |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.43 | −0.071% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0217% | 8h | 196.47 | −0.051% | $1.2M | $7.3M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0115% | 1h | 195.78 | −0.402% | — | $281K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.25 | −0.161% | $342K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.39 | −0.093% | $114K | $857K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.41 | −0.081% | $14.7M | $80.7M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.42 | −0.076% | $4.7M | $6.1M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.48 | −0.046% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.26 | −0.157% | $701K | $955K | — | as long as short |
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 | 196.46 | −0.056% | $23K | $2.5M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.30 | −0.137% | $453K | $1.5M | 10x | as long as short |
| QFEX COIN-USD | +0.0038% | 1h | 196.46 | −0.056% | $1.3M | $3.1M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.52 | −0.025% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.33 | −0.122% | $15.3M | $13.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.34 | −0.117% | $134K | $1.3M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.23 | −0.173% | $74 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.11 | −0.234% | $351K | $2.8M | 10x | as long as short |
| Lighter COIN | +0.0056% | 1h | 196.34 | −0.114% | $386K | $2.1M | 10x | as long as short |
| Phoenix COIN | +0.0082% | 1h | 196.23 | −0.173% | $4K | $283K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.25 | −0.163% | $989K | $143K | 20x | as long as short |
| ApeX Omni COINUSDTshort | +0.0100% | 1h | 196.34 | −0.117% | $88K | $287K | 50x | |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.35 | −0.112% | $568 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.22 | −0.176% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.46 | −0.056% | $188K | $393K | 20x | as long as short |
| edgeX COINUSDC | +0.0196% | 4h | 196.50 | −0.033% | $51K | $296K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Lighter COIN
Phoenix COIN
KuCoin COINUSDTM
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
edgeX COINUSDC