BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0009%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: SoDEX against ApeX Omni+0.014%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$180.184% of the position

Long on ApeX Omni Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.010%−$1 on $10k

Price spread, last 3 days (all we have)+0.003%$0 · spread now +0.014%, 7d avg −0.014%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.027% dearer against ApeX Omni than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BTCUSDT	85,637.3	0.0091	pay 0.0011% / 1h	15m 06s	$140.0M	$318.1M	100x
Short	SoDEX BTC-USD	85,649	0.0100	get 0.0013% / 1h	15m 06s	$60.0M	$336.9M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 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 ApeX OmnibpFee SoDEXbpOrdersPrice spread, now +0.014%Rate

Funding earned: $1.8
Price spread: +0.014% → −0.014%: $2.74
Slippage, 4 orders: −$0.41
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$13.87
Costs to cover: 0.184%
Break-even: 61.0 days

Slippage from ApeX Omni: live order book, 4 min ago; SoDEX: live order book, 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	0.15 bp	5.1 bp −$5	5.1 bp −$51	7.9 bp −$788	35.0 bp −$17.5K
Sell SoDEX live order book, 4 min ago	0.06 bp	4.1 bp −$4	4.1 bp −$41	5.1 bp −$510	44.0 bp −$22.0K

BTC on 55 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	−0.0144%	1h	85,649	+0.014%	$2.2M	$10.5M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,657	+0.023%	$8K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0064%	1h	85,632.6	−0.005%	$361K	$2.3M	50x	as long as short
dYdX BTC-USD	+0.0002%	1h	85,649.4	+0.014%	$16.8M	$21.0M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,665.3	+0.033%	$36.7M	—	200x	as long as short
Injective BTC/USDC PERP	+0.0020%	1h	85,691	+0.063%	$340K	$26.9M	52x	as long as short
KuCoin XBTUSDTM	+0.0030%	8h	85,641.3	+0.005%	$900.5M	$753.8M	125x	as long as short
Aster BTCUSDT	+0.0031%	8h	85,643.1	+0.007%	$515.9M	$1.14B	200x	as long as short
Nado BTC-PERP	+0.0042%	1h	85,640.7	+0.004%	$22.6M	$227.5M	50x	as long as short
RISEx BTC/USDC	+0.0044%	1h	85,662.3	+0.029%	$8.1M	$42.1M	25x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BTC-USDT	+0.0055%	8h	85,641.1	+0.004%	$2.27B	$947.7M	200x	as long as short
BingX BTC-USDC	+0.0055%	8h	85,633	−0.005%	—	$17.1M	—	as long as short
Reya BTCRUSDPERP	+0.0059%	1h	85,644.3	+0.008%	$6.7M	$146.3M	40x	as long as short
Bitget BTCUSDT	+0.0070%	8h	85,642.5	+0.006%	$2.95B	$5.08B	150x	as long as short
Aevo BTC-PERP	+0.0088%	1h	85,642.1	+0.006%	$2.5M	$1.8M	20x	as long as short
MEXC BTC_USDT	+0.0089%	8h	85,647.2	+0.012%	$5.09B	$5.75B	500x	as long as short
Binance BTCUSDT	+0.0090%	8h	85,648.4	+0.013%	$9.33B	$24.28B	150x	as long as short
ApeX Omni BTCUSDTlong	+0.0091%	1h	85,637.3	long leg	$140.0M	$318.1M	100x
Lighter BTC	+0.0096%	1h	85,655.2	+0.021%	$170.5M	$993.1M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,661.1	+0.028%	$23.5M	$147.8M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,636	−0.002%	$8.4M	$51.9M	100x	as long as short
SunX BTC-USDT	+0.0098%	8h	85,593.8	−0.051%	$2.9M	$6.6M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,610	−0.032%	$203K	$7.6M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,653.8	+0.019%	$3.8M	$8.4M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,715	+0.091%	$3.76B	$4.99B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,674.4	+0.043%	$40.8M	$571.9M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,659.5	+0.026%	$5.31B	$9.74B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,658.4	+0.025%	$2.54B	$12.34B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,638	+0.001%	$3.9M	$18.3M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,609.1	−0.033%	$7.2M	$97.5M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,649.3	+0.014%	$5.59B	$10.57B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,636.8	−0.001%	$35.3M	$166.3M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,650.8	+0.016%	$156.5M	$556.1M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,614.3	−0.027%	$278.4M	$941.4M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,656.6	+0.023%	$214.9M	$164.7M	50x	as long as short
StandX BTC-USD	+0.0100%	1h	85,666.1	+0.034%	$30.3M	$208.7M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,704.2	+0.078%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,646	+0.010%	$11.0M	$14.2M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,653	+0.018%	$188K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,644.2	+0.008%	$2.4M	$9.1M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,674.9	+0.044%	$186K	$709K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,650	+0.015%	$30.0M	$56.0M	15x	as long as short
SoDEX BTC-USDshort	+0.0100%	1h	85,649	+0.014%	$60.0M	$336.9M	40x
Phemex BTCUSDT	+0.0100%	8h	85,647.1	+0.011%	$153.1M	$481.2M	150x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,673.6	+0.042%	$597.8M	$234.3M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,628.8	−0.010%	$44.0M	$227.9M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,648.2	+0.013%	—	$101.8M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	85,682.9	+0.053%	$131.3M	$5.15B	50x	as long as short
Hibachi BTC/USDT-P	+0.0144%	1h	85,681.7	+0.052%	$694K	$7.8M	30x	as long as short
Kraken Futures PF_XBTUSD	+0.0146%	1h	85,666.8	+0.034%	$187.7M	$963.9M	100x	as long as short
Aftermath Perps BTCUSD	+0.0171%	1h	85,691.3	+0.063%	$78K	$219K	20x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0203% / S −0.0186%	1h	85,662.7	+0.030%	$13.6M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0212%	8h	85,670	+0.038%	$10.2M	$770.4M	6.4x	as long as short
Deribit BTC-PERPETUAL	+0.0237%	1h	85,695.3	+0.068%	$894.7M	$1.54B	50x	as long as short
Perpl BTC	+0.0447%	43m	85,659.2	+0.026%	$513K	$20.5M	6.7x	as long as short