Funding you earn now, next payment 05:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.016%
Price spread now: gTrade (Gains Network) against ApeX Omni−0.008%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$190.186% of the position
Funding, last 3 days (all we have)−0.078%−$8 on $10k
+Price spread, last 7 days+0.027%+$3 · spread now −0.008%, 7d avg −0.013%
=The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni BTCUSDT | 85,627.8 | 0.0100 | pay 0.0013% / 1h | 45m 08s | $140.0M | $315.9M | 100x |
| Short | gTrade (Gains Network) BTC/USD | 85,620.7 | L +0.0004% / S −0.0004% | get 0.0001% / 1h | 45m 08s | $36.6M | — | 200x |
ApeX Omni BTCUSDT
gTrade (Gains Network) BTC/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$20.1
- Price spread: −0.008% → −0.013%
- $0.5
- Slippage, 4 orders
- −$1.61
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Net
- −$38.2
- Costs to cover
- 0.186%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 4 min ago; gTrade (Gains Network): virtual book (oracle venue), 4 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, 4 min ago | 0.29 bp | 5.3 bp −$5 | 5.4 bp −$54 | 6.4 bp −$638 | 37.0 bp −$18.5K |
| Sell gTrade (Gains Network) virtual book (oracle venue), 4 min ago | 0.51 bp | 4.0 bp −$4 | 4.1 bp −$41 | 4.5 bp −$446 | 6.4 bp −$3,181 |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0140% | 1h | 85,589 | −0.045% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,649 | +0.025% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0039% | 8h | 85,599.3 | −0.033% | $917.0M | $756.6M | 125x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,627 | −0.001% | $418.4M | $675.8M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 85,604.3 | −0.027% | $366K | $2.3M | 50x | as long as short |
| Nado BTC-PERP | −0.0002% | 1h | 85,602.3 | −0.030% | $24.8M | $222.5M | 50x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,631.4 | +0.004% | $16.8M | $21.2M | 50x | as long as short |
| gTrade (Gains Network) BTC/USDshort | L +0.0004% / S −0.0004% | 1h | 85,620.7 | −0.008% | $36.6M | — | 200x | |
| Aster BTCUSDT | +0.0010% | 8h | 85,605.6 | −0.026% | $515.5M | $1.10B | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0021% | 1h | 85,651.1 | +0.027% | $884.2M | $1.59B | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
01 Exchange BTCUSD
Nado BTC-PERP
dYdX BTC-USD
Aster BTCUSDT
Deribit BTC-PERPETUALShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0044% | 1h | 85,690 | +0.073% | $340K | $26.9M | 52x | as long as short |
| BingX BTC-USDC | +0.0064% | 8h | 85,589.2 | −0.045% | — | $17.2M | — | as long as short |
| Phemex BTCUSDT | +0.0068% | 8h | 85,605.4 | −0.026% | $148.6M | $491.4M | 150x | as long as short |
| SoDEX BTC-USD | +0.0080% | 1h | 85,614 | −0.016% | $60.0M | $336.1M | 40x | as long as short |
| Bitget BTCUSDT | +0.0081% | 8h | 85,598.1 | −0.035% | $2.96B | $5.11B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0093% | 1h | 85,587.8 | −0.047% | $6.6M | $147.0M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,614.2 | −0.016% | $172.1M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,625.1 | −0.003% | $23.9M | $148.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,590 | −0.044% | $8.7M | $54.6M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,616.4 | −0.013% | $2.5M | $1.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,578 | −0.058% | $202K | $8.2M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,666 | +0.045% | $5.7M | $9.4M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,635.7 | +0.009% | $40.6M | $584.8M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,600.5 | −0.032% | $9.42B | $24.31B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,599 | −0.034% | $5.19B | $9.84B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,607.1 | −0.024% | $2.59B | $12.15B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,594 | −0.039% | $3.8M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,584.4 | −0.051% | $4.4M | $98.5M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,606.6 | −0.025% | $5.54B | $10.77B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,603.4 | −0.028% | $5.07B | $5.64B | 500x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,593.3 | −0.040% | $36.0M | $177.6M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,612.6 | −0.018% | $153.5M | $564.7M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,612.9 | −0.017% | $279.7M | $927.1M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,585.1 | −0.050% | $215.0M | $169.0M | 50x | as long as short |
| ApeX Omni BTCUSDTlong | +0.0100% | 1h | 85,627.8 | long leg | $140.0M | $315.9M | 100x | |
| StandX BTC-USD | +0.0100% | 1h | 85,627.5 | 0.000% | $30.3M | $207.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,664.7 | +0.043% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,593 | −0.041% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,590 | −0.044% | $197K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,617.3 | −0.012% | $2.4M | $8.7M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,663.2 | +0.041% | $207K | $739K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,611.9 | −0.019% | $30.0M | $50.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,586.5 | −0.048% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,593.7 | −0.040% | $2.27B | $946.5M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,665.1 | +0.044% | $677.0M | $718.2M | 40x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,683 | +0.064% | $3.79B | $5.02B | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,600.7 | −0.032% | $44.8M | $231.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,646.1 | +0.021% | — | $107.6M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,640 | +0.014% | $117.2M | $5.22B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0135% | 1h | 85,632.7 | +0.006% | $188.0M | $955.6M | 100x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,629.4 | +0.002% | $8.7M | $42.9M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0201% / S −0.0177% | 1h | 85,609.9 | −0.021% | $13.1M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0222% | 8h | 85,654 | +0.031% | $12.0M | $756.3M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0233% | 1h | 85,668 | +0.047% | $78K | $220K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0248% | 1h | 85,663.2 | +0.041% | $696K | $7.9M | 30x | as long as short |
| Perpl BTC | +0.0335% | 43m | 85,635.4 | +0.009% | $499K | $18.8M | 6.7x | as long as short |
Injective BTC/USDC PERP
BingX BTC-USDC
Phemex BTCUSDT
SoDEX BTC-USD
Bitget BTCUSDT
Reya BTCRUSDPERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Pacifica BTC
Binance BTCUSDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Bulk BTC-USD
Hyperliquid BTC
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC