Funding you earn now, next payment 09:00 UTC+0.0120%/8h= +13.1% APRnext payment +$0.15 per $10,000 · paid last 24h +0.035%
Price spread now: Injective against ApeX Omni+0.384%7-day average +0.332% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1081.084% of the position
Funding, last 7 days+0.251%+$25 on $10k
+Price spread, last 4 days (all we have)+0.163%+$16 · spread now +0.384%, 7d avg +0.332%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Injective is 0.051% dearer against ApeX Omni than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.332%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni METAUSDT | 742.85 | 0.0100 | pay 0.0013% / 1h | 36m 59s | $166K | $71K | 50x |
| Short | Injective META/USDC PERP | 745.70 | 0.0220 | get 0.0028% / 1h | 36m 59s | $176K | $52K | 30x |
ApeX Omni METAUSDT
Injective META/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $25.2
- Price spread: +0.384% → +0.332%
- $5.13
- Slippage, 4 orders
- −$98.36
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$78.05
- Costs to cover
- 1.084%
- Break-even
- 28.7 days
Slippage from ApeX Omni: live order book, 59 min ago; Injective: live order book, 62 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, 59 min ago | 2.62 bp | 29.1 bp −$29 | 374.5 bp −$3,745 | doesn't fit | doesn't fit |
| Sell Injective live order book, 62 min ago | 15.27 bp | 40.3 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
META on 37 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin META-USDT | −0.0120% | 8h | 743.46 | +0.082% | $334K | $1.1M | 20x | as long as short |
| Nado META-PERP | −0.0015% | 1h | 742.93 | +0.011% | $479K | $560K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 743.60 | +0.101% | $487K | $603K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 742.94 | +0.012% | $547K | $3.4M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 743.05 | +0.027% | $25.8M | $191.2M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 743.20 | +0.047% | $7.4M | $15.5M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 743.08 | +0.031% | $6.0M | $12.8M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 743.00 | +0.020% | $475K | $6.3M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 743.14 | +0.039% | $5.7M | $12.3M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 742.98 | +0.018% | $2.5M | $3.0M | — | as long as short |
BloFin META-USDT
Nado META-PERP
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDT
Variational Omni METAShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT META_USDT_Perp | 0.0000% | 8h | 743.50 | +0.088% | $12K | $438K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 743.49 | +0.086% | $1K | $7.8M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 742.88 | +0.004% | $48K | $280K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 743.29 | +0.059% | $108K | $312K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 743.59 | +0.100% | $2.0M | $8K | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 743.39 | +0.073% | $793K | $2.9M | 20x | as long as short |
| QFEX META-USD | +0.0036% | 1h | 743.38 | +0.071% | $2.2M | $14.1M | 10x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 743.13 | +0.038% | $112K | $337K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 743.69 | +0.113% | — | $12K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 743.49 | +0.086% | $180K | $204K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 742.74 | −0.015% | $565K | $619K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 743.27 | +0.057% | $24K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 742.83 | −0.003% | $722K | $5.0M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0056% | 8h | 743.22 | +0.050% | — | — | 5x | as long as short |
| edgeX METAUSDC | +0.0079% | 4h | 743.33 | +0.064% | $63K | $346K | 10x | as long as short |
| Aftermath Perps METAUSD | +0.0081% | 1h | 743.97 | +0.151% | $51K | $93K | 10x | as long as short |
| Pacifica META | +0.0100% | 1h | 742.83 | −0.003% | $625 | $1K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 743.37 | +0.070% | $1.6M | $762K | 20x | as long as short |
| ApeX Omni METAUSDTlong | +0.0100% | 1h | 742.85 | long leg | $166K | $71K | 50x | |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 743.13 | +0.038% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 742.96 | +0.014% | $267 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0120% | 1h | 743.34 | +0.066% | $639K | $8.0M | 10x | as long as short |
| Injective META/USDC PERPshort | +0.0220% | 1h | 745.70 | +0.384% | $176K | $52K | 30x | |
| Hotstuff META-PERP | +0.0288% | 1h | 743.49 | +0.086% | $33K | $105 | 20x | as long as short |
| tradeXYZ xyz:META | +0.0295% | 1h | 743.30 | +0.061% | $84.3M | $132.7M | 20x | as long as short |
| Lighter META | +0.0296% | 1h | 743.60 | +0.101% | $1.2M | $2.9M | 20x | as long as short |
| Phoenix META | +0.0791% | 1h | 744.37 | +0.205% | $795K | $1.5M | 20x | as long as short |
GRVT META_USDT_Perp
SunX META-USDT
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
Lighter RH META
QFEX META-USD
Arcus META-USD
Vest META-USD-PERP
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
Paradex META-USD-PERP
edgeX METAUSDC
Aftermath Perps METAUSD
Pacifica META
KuCoin METAUSDTM
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Coinbase International META-PERP-INTX
Hotstuff META-PERP
tradeXYZ xyz:META
Lighter META
Phoenix META