Funding you earn now, next payment 11:00 UTC−0.0099%/8h= −10.8% APRnext payment −$0.12 per $10,000 · paid last 24h −0.016%
Price spread now: dYdX against ApeX Omni+0.098%50s7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$280.284% of the position
Funding, last 7 days−0.148%−$15 on $10k
+Price spread, last 7 days−0.104%−$10 · spread now +0.098%, 7d avg −0.013%
=The price spread pays, funding is against you. dYdX is 0.111% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.098% now, against its 7-day average of −0.013%): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.7 days. The two prices were read 50 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 BTCUSDT | 85,805 | 0.0100 | pay 0.0013% / 1h | 6m 21s | $137.8M | $288.4M | 100x |
| Short | dYdX BTC-USD | 85,889.3 | 0.0001 | get 0.0000% / 1h | 6m 21s | $16.8M | $13.6M | 50x |
ApeX Omni BTCUSDT
dYdX BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$20.73
- Price spread: +0.098% → −0.013%
- $11.08
- Slippage, 4 orders
- −$8.36
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$38.01
- Costs to cover
- 0.284%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 1 min ago; dYdX: live order book, 1 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, 1 min ago | 0.57 bp | 5.6 bp −$6 | 5.6 bp −$56 | 7.1 bp −$715 | 33.7 bp −$16.9K |
| Sell dYdX live order book, 1 min ago | 3.61 bp | 8.6 bp −$9 | 12.3 bp −$123 | 18.1 bp −$1,812 | 30.4 bp −$15.2K |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0133% | 1h | 85,779 | −0.030% | $2.1M | $7.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,196 | +0.456% | $8K | $2K | 50x | as long as short |
| BloFin BTC-USDT | −0.0044% | 8h | 85,849.3 | +0.052% | $421.8M | $550.0M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0040% | 1h | 85,896.5 | +0.107% | $367K | $1.9M | 50x | as long as short |
| SoDEX BTC-USD | −0.0007% | 1h | 85,855 | +0.058% | $65.8M | $187.7M | 40x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,830.6 | +0.030% | $467K | $13.5M | 6.7x | as long as short |
| dYdX BTC-USDshort | +0.0001% | 1h | 85,889.3 | +0.098% | $16.8M | $13.6M | 50x | |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,829.1 | +0.028% | $36.9M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0009% | 1h | 85,828 | +0.027% | $320K | $30.6M | 52x | as long as short |
| Aster BTCUSDT | +0.0014% | 8h | 85,886.8 | +0.095% | $511.3M | $846.6M | 200x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
BloFin BTC-USDT
01 Exchange BTCUSD
SoDEX BTC-USD
Perpl BTC
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
Aster BTCUSDTShow all 56 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XBTUSD | +0.0030% | 1h | 85,876 | +0.083% | $192.1M | $750.4M | 100x | as long as short |
| BingX BTC-USDC | +0.0040% | 8h | 85,878 | +0.085% | — | $16.1M | — | as long as short |
| Popdex BTCUSDT | +0.0048% | 1h | 85,896 | +0.106% | $8.6M | $45.5M | 100x | as long as short |
| KuCoin XBTUSDTM | +0.0053% | 8h | 85,893.9 | +0.104% | $941.8M | $636.1M | 125x | as long as short |
| Bybit BTCUSDT | +0.0058% | 8h | 85,900 | +0.111% | $5.14B | $8.05B | 150x | as long as short |
| Phemex BTCUSDT | +0.0066% | 8h | 85,868.7 | +0.074% | $169.9M | $476.0M | 150x | as long as short |
| HTX BTC-USDT | +0.0069% | 8h | 85,825 | +0.023% | $2.27B | $786.7M | 200x | as long as short |
| Gate BTC_USDT | +0.0075% | 8h | 85,904.4 | +0.116% | $5.51B | $9.05B | 200x | as long as short |
| MEXC BTC_USDT | +0.0076% | 8h | 85,899.8 | +0.110% | $5.16B | $4.91B | 500x | as long as short |
| Binance BTCUSDT | +0.0077% | 8h | 85,897.3 | +0.108% | $9.41B | $20.28B | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,878.2 | +0.085% | $2.4M | $6.8M | 20x | as long as short |
| Bitget BTCUSDT | +0.0088% | 8h | 85,902.3 | +0.113% | $3.00B | $3.89B | 150x | as long as short |
| GRVT BTC_USDT_Perp | +0.0091% | 8h | 85,792.9 | −0.014% | $215.6M | $132.8M | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,891.9 | +0.101% | $172.8M | $876.0M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,897.3 | +0.108% | $23.7M | $121.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0098% | 1h | 85,904.1 | +0.116% | $211K | $3.2M | 20x | as long as short |
| Nado BTC-PERP | +0.0099% | 1h | 85,880 | +0.087% | $23.3M | $190.7M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,872 | +0.078% | $229K | $8.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,907.3 | +0.119% | $5.9M | $7.3M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,911 | +0.124% | $40.0M | $571.4M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,903.7 | +0.115% | $2.63B | $9.28B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,871 | +0.077% | $3.9M | $14.7M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,889.5 | +0.098% | $4.9M | $91.5M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,846.4 | +0.048% | $713.8M | $100.1M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,851.6 | +0.054% | $38.0M | $194.9M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,758.6 | −0.054% | $155.2M | $472.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,755.6 | −0.058% | $289.3M | $738.0M | 100x | as long as short |
| ApeX Omni BTCUSDTlong | +0.0100% | 1h | 85,805 | long leg | $137.8M | $288.4M | 100x | |
| StandX BTC-USD | +0.0100% | 1h | 85,834.8 | +0.035% | $30.2M | $227.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,940.4 | +0.158% | — | $10.2M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,902 | +0.113% | $11.0M | $11.9M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,887.7 | +0.096% | $2.6M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,925.9 | +0.141% | $143K | $607K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,867.5 | +0.073% | $29.0M | $44.5M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,844.7 | +0.046% | $3.3M | $6.7M | 100x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,855.2 | +0.059% | $47.4M | $193.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,887.2 | +0.096% | — | $79.5M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 85,914.2 | +0.127% | $112.4M | $4.94B | 50x | as long as short |
| Hyperliquid BTC | +0.0150% | 1h | 85,995 | +0.221% | $3.94B | $4.18B | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0156% | 8h | 85,861 | +0.065% | $12.0M | $735.7M | 6.4x | as long as short |
| Reya BTCRUSDPERP | +0.0170% | 1h | 85,883.4 | +0.091% | $6.6M | $128.4M | 40x | as long as short |
| RISEx BTC/USDC | +0.0187% | 1h | 85,915.6 | +0.129% | $9.0M | $35.7M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0211% / S −0.0251% | 1h | 85,906.8 | +0.119% | $15.5M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0245% | 1h | 85,945.2 | +0.163% | $820.3M | $1.50B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0320% | 1h | 85,883.6 | +0.092% | $691K | $6.7M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0358% | 1h | 85,853.8 | +0.057% | $79K | $228K | 20x | as long as short |
Kraken Futures PF_XBTUSD
BingX BTC-USDC
Popdex BTCUSDT
KuCoin XBTUSDTM
Bybit BTCUSDT
Phemex BTCUSDT
HTX BTC-USDT
Gate BTC_USDT
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Bitget BTCUSDT
GRVT BTC_USDT_Perp
Lighter BTC
Lighter RH BTC
Bullet BTC-USD
Nado BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Hyperliquid BTC
Kalshi KXBTCPERP
Reya BTCRUSDPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Deribit BTC-PERPETUAL
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD