Funding you earn now, next payment 11:00 UTC+0.0110%/8h= +12.1% APRpaid last 24h +0.039%
Price spread now: ApeX Omni against Orderly−0.322%70s7-day average +0.024% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.285%+$28 on $10k
+Price spread, last 4 days (all we have)−0.386%−$39 · spread now −0.322%, 7d avg +0.024%
=Funding pays, the price is against you. ApeX Omni is 0.346% cheaper against Orderly than usual: you would sell low and buy high (spread −0.322% now, against its 7-day average of +0.024%). If the spread goes back, that is −$35 on $10k: about 10 days of funding at the current rate (+$3 a day). The two prices were read 70 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 | Orderly PERP_ARB_USDC | 0.2176 | −0.0010 | get 0.0010% / 8h | 5h 07m | $16K | $391K | 10x |
| Short | ApeX Omni ARBUSDT | 0.2169 | 0.0100 | get 0.0013% / 1h | 7m 42s | $117K | $308K | 50x |
Orderly PERP_ARB_USDC
ApeX Omni ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Orderly. 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
- $23.18
- Price spread: −0.322% → +0.024%
- −$34.58
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$27.39
- Costs to cover
- 0.160%
- Break-even
- 15.3 days
Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 38 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell ApeX Omni live order book, 38 min ago | 9.18 bp | 18.9 bp −$19 | 109.6 bp −$1,096 | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ARB on 36 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ARB/USDC PERP | −0.1736% | 1h | 0.2165 | −0.506% | $39K | $372K | 12x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0231% | 1h | 0.2178 | +0.074% | $1.1M | $3.8M | 50x | as long as short |
| Bybit ARBUSDT | −0.0202% | 8h | 0.2175 | −0.032% | $53.6M | $117.4M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0170% | 1h | 0.2176 | −0.014% | $77K | $1.8M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0160% | 8h | 0.2175 | −0.064% | $22.6M | $135.3M | 50x | as long as short |
| MEXC ARB_USDT | −0.0158% | 8h | 0.2175 | −0.037% | $43.3M | $62.4M | 200x | as long as short |
| SoDEX ARB-USD | −0.0149% | 1h | 0.2177 | +0.028% | $9K | $2.1M | 5x | as long as short |
| 01 Exchange ARBUSD | −0.0136% | 1h | 0.2177 | +0.046% | $7K | $414 | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0071% | 1h | 0.2178 | +0.083% | $29K | $32K | 25x | as long as short |
| Variational Omni ARB | −0.0068% | 8h | 0.2173 | −0.143% | $1.8M | $2.6M | — | as long as short |
Injective ARB/USDC PERP
Kraken Futures PF_ARBUSD
Bybit ARBUSDT
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
01 Exchange ARBUSD
Deribit ARB_USDC-PERPETUAL
Variational Omni ARBShow all 36 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ARB_USDT | −0.0062% | 8h | 0.2176 | +0.005% | $5.6M | $16.7M | 60x | as long as short |
| Extended ARB-USD | −0.0048% | 1h | 0.2174 | −0.100% | $357K | $2.9M | 25x | as long as short |
| Binance ARBUSDT | −0.0044% | 8h | 0.2176 | −0.018% | $63.7M | $276.5M | 75x | as long as short |
| Orderly PERP_ARB_USDClong | −0.0010% | 8h | 0.2176 | long leg | $16K | $391K | 10x | |
| dYdX ARB-USD | 0.0000% | 1h | 0.2177 | +0.064% | $64K | $3K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2178 | +0.103% | $71K | — | 150x | as long as short |
| Aevo ARB-PERP | +0.0072% | 1h | 0.2178 | +0.075% | $138K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0073% | 8h | 0.2175 | −0.046% | $3.0M | $2.0M | 75x | as long as short |
| Phemex ARBUSDT | +0.0086% | 8h | 0.2176 | 0.000% | $4.6M | $12.5M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2176 | +0.014% | $1.3M | $5.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2177 | +0.060% | $35.0M | $48.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2177 | +0.029% | $621K | $1.5M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2177 | +0.047% | $53K | $152K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2176 | −0.009% | $18.9M | $12.8M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2175 | −0.046% | $20.9M | $32.0M | 50x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2175 | −0.028% | — | $30.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2170 | −0.276% | $38K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2177 | +0.064% | $474K | $3.3M | 10x | as long as short |
| ApeX Omni ARBUSDTshort | +0.0100% | 1h | 0.2169 | −0.322% | $117K | $308K | 50x | |
| SunX ARB-USDT | +0.0100% | 8h | 0.2179 | +0.138% | $2K | $1.0M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2176 | +0.018% | $282K | $754K | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.0194% | 1h | 0.2179 | +0.142% | $971K | $2.7M | 20x | as long as short |
| RISEx ARB/USDC | +0.0271% | 1h | 0.2177 | +0.030% | $536K | $2.3M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0279% / S −0.0162% | 1h | 0.2176 | −0.012% | $831K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2176 | −0.003% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0424% | 1h | 0.2180 | +0.184% | $519K | $1.4M | 50x | as long as short |
Gate ARB_USDT
Extended ARB-USD
Binance ARBUSDT
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Aevo ARB-PERP
BloFin ARB-USDT
Phemex ARBUSDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDT
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Backpack ARB_USDC_PERP
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Coinbase International ARB-PERP-INTX