COIN

Alert: funding

Alert: spread

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: ApeX Omni against Polymarket Perps+0.041%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$260.258% of the position

Long on Polymarket Perps Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.041%, 7d avg +0.001%

Together, before fees−0.031%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and ApeX Omni is 0.039% dearer against Polymarket Perps than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps COIN-USD	196.26	0.0050	pay 0.0006% / 1h	4m 46s	$132K	$1.2M	10x
Short	ApeX Omni COINUSDT	196.34	0.0100	get 0.0013% / 1h	4m 46s	$88K	$287K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Polymarket Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee ApeX OmnibpOrdersPrice spread, now +0.041%Rate

Funding earned: $10.5
Price spread: +0.041% → +0.001%: $3.95
Slippage, 4 orders: −$7.8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$11.35
Costs to cover: 0.258%
Break-even: 14.6 days

Slippage from Polymarket Perps: live order book, 3 min ago; ApeX Omni: live order book, 47 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 Polymarket Perps live order book, 3 min ago	0.76 bp	5.5 bp −$5	8.0 bp −$80	9.9 bp −$993	doesn't fit
Sell ApeX Omni live order book, 47 min ago	2.79 bp	7.8 bp −$8	13.0 bp −$130	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 COINUSDT	−0.0732%	8h	196.58	+0.163%	$6.3M	$10.5M	20x	as long as short
Injective COIN/USDC PERP	−0.0440%	1h	196.34	+0.041%	$43K	$48K	30x	as long as short
Gate COIN_USDT	−0.0225%	8h	196.47	+0.107%	$1.2M	$7.3M	50x	as long as short
Vest COIN-USD-PERP	−0.0110%	1h	195.76	−0.255%	—	$270K	25x	as long as short
Aster COINUSDT	0.0000%	8h	196.62	+0.182%	$343K	$890K	20x	as long as short
Extended COIN_24_5-USD	0.0000%	1h	196.39	+0.066%	$116K	$845K	10x	as long as short
Binance COINUSDT	0.0000%	8h	196.66	+0.204%	$14.7M	$80.5M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	196.70	+0.224%	$4.8M	$6.1M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	196.71	+0.229%	$3.0M	$4.7M	20x	as long as short
Variational Omni COIN	0.0000%	8h	196.50	+0.123%	$689K	$944K	—	as long as short

Show 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	+0.099%	$20K	$2.5M	10x	as long as short
QFEX COIN-USD	+0.0020%	1h	196.38	+0.061%	$1.3M	$3.1M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	196.32	+0.031%	$454K	$1.5M	10x	as long as short
Lighter COIN	+0.0040%	1h	196.36	+0.051%	$380K	$2.1M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	196.55	+0.148%	$15K	$55K	5x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	196.32	+0.031%	$15.3M	$13.7M	10x	as long as short
Polymarket Perps COIN-USDlong	+0.0050%	1h	196.26	long leg	$132K	$1.2M	10x
SoDEX COIN-USD	+0.0050%	1h	196.37	+0.056%	$82	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	196.19	−0.036%	$350K	$2.7M	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	196.29	+0.015%	$989K	$143K	20x	as long as short
ApeX Omni COINUSDTshort	+0.0100%	1h	196.34	+0.041%	$88K	$287K	50x
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	196.37	+0.056%	$568	$4K	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	196.37	+0.056%	$116	—	10x	as long as short
BloFin COIN-USDT	+0.0120%	8h	196.42	+0.082%	$188K	$393K	20x	as long as short
Phoenix COIN	+0.0122%	1h	196.37	+0.056%	$4K	$283K	10x	as long as short
edgeX COINUSDC	+0.0805%	4h	196.36	+0.051%	$51K	$295K	10x	as long as short