BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.02 per $10,000 · paid last 24h −0.012%

Price spread now: ApeX Omni against Bullet−0.004%66s7-day average +0.002% · 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—prices read too far apart to compare

costs, in and out, $10k−$210.214% of the position

Long on Bullet Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.009%−$1 on $10k

Price spread, last 7 days−0.012%−$1 · spread now −0.004%, 7d avg +0.002%

Together, before fees−0.021%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 66 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	Bullet BTC-USD	85,309.9	0.0100	pay 0.0013% / 1h	29m 50s	$202K	$3.3M	20x
Short	ApeX Omni BTCUSDT	85,306.3	0.0083	get 0.0010% / 1h	29m 50s	$139.5M	$314.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bullet. 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 BulletbpFee ApeX OmnibpOrdersPrice spread, now −0.004%Rate

Funding earned: −$3.6
Price spread: −0.004% → +0.002%: −$0.64
Slippage, 4 orders: −$3.35
Fee Bullet: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$25.59
Costs to cover: 0.214%
Break-even: never at this rate

Slippage from Bullet: live order book, 4 min ago; ApeX Omni: 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 Bullet live order book, 4 min ago	0.06 bp	4.5 bp −$4	7.2 bp −$72	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 4 min ago	0.86 bp	5.9 bp −$6	5.9 bp −$59	7.7 bp −$766	36.6 bp −$18.3K

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	−0.0082%	1h	85,293	−0.020%	$2.1M	$10.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,290	−0.023%	$8K	$3K	50x	as long as short
KuCoin XBTUSDTM	−0.0045%	8h	85,317.2	+0.009%	$927.8M	$773.7M	125x	as long as short
BloFin BTC-USDT	−0.0029%	8h	85,298.9	−0.013%	$421.2M	$682.6M	150x	as long as short
Aster BTCUSDT	−0.0012%	8h	85,324.9	+0.018%	$512.6M	$1.09B	200x	as long as short
01 Exchange BTCUSD	0.0000%	1h	85,298.3	−0.014%	$353K	$2.4M	50x	as long as short
Perpl BTC	0.0000%	43m	85,308.7	−0.001%	$493K	$18.5M	6.7x	as long as short
dYdX BTC-USD	+0.0001%	1h	85,282.8	−0.032%	$16.7M	$21.3M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,312.4	+0.003%	$36.5M	—	200x	as long as short
Nado BTC-PERP	+0.0043%	1h	85,298.8	−0.013%	$24.4M	$222.3M	50x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BTC/USDC PERP	+0.0057%	1h	85,247	−0.074%	$338K	$26.8M	52x	as long as short
BingX BTC-USDC	+0.0070%	8h	85,317.8	+0.009%	—	$17.5M	—	as long as short
ApeX Omni BTCUSDTshort	+0.0083%	1h	85,306.3	−0.004%	$139.5M	$314.2M	100x
Aevo BTC-PERP	+0.0088%	1h	85,305.3	−0.005%	$2.4M	$6.7M	20x	as long as short
Kraken Futures PF_XBTUSD	+0.0089%	1h	85,326.6	+0.019%	$185.6M	$957.9M	100x	as long as short
Bitget BTCUSDT	+0.0089%	8h	85,342.8	+0.039%	$2.96B	$5.17B	150x	as long as short
MEXC BTC_USDT	+0.0091%	8h	85,332.3	+0.026%	$5.01B	$5.75B	500x	as long as short
Binance BTCUSDT	+0.0091%	8h	85,345.6	+0.042%	$9.43B	$24.95B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,326.3	+0.019%	$170.1M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,326.6	+0.020%	$23.5M	$148.1M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,294	−0.019%	$8.4M	$56.3M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,269	−0.048%	$237K	$8.7M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,337.9	+0.033%	$5.14B	$9.98B	150x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,355.5	+0.053%	$5.8M	$9.6M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,393	+0.097%	$3.74B	$5.09B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,319.2	+0.011%	$40.2M	$604.4M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,350	+0.047%	$2.59B	$12.24B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,283	−0.032%	$3.8M	$17.1M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,285.1	−0.029%	$5.2M	$99.0M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,350.9	+0.048%	$5.54B	$11.01B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,311.9	+0.002%	$36.9M	$178.4M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,275.8	−0.040%	$154.7M	$557.8M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,254.4	−0.065%	$279.3M	$950.5M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,296	−0.016%	$214.2M	$166.1M	50x	as long as short
StandX BTC-USD	+0.0100%	1h	85,260.2	−0.058%	$30.0M	$203.5M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,363.4	+0.063%	—	$10.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,304	−0.007%	$11.0M	$14.6M	50x	as long as short
Bullet BTC-USDlong	+0.0100%	1h	85,309.9	long leg	$202K	$3.3M	20x
Orderly PERP_BTC_USDC	+0.0100%	8h	85,312.1	+0.003%	$2.6M	$9.8M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,352.1	+0.049%	$193K	$795K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,214.5	−0.112%	$29.9M	$47.0M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,279	−0.036%	$2.9M	$6.1M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,310	0.000%	$59.7M	$336.8M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,306.4	−0.004%	$2.26B	$967.6M	200x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,326.1	+0.019%	$151.8M	$509.8M	150x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,269.9	−0.047%	$683.1M	$415.1M	40x	as long as short
Deribit BTC-PERPETUAL	+0.0104%	1h	85,352.2	+0.050%	$862.2M	$1.64B	50x	as long as short
Extended BTC-USD	+0.0104%	1h	85,304.3	−0.007%	$44.8M	$240.7M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,312.9	+0.004%	—	$106.9M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,355.8	+0.054%	$115.8M	$5.46B	50x	as long as short
Reya BTCRUSDPERP	+0.0128%	1h	85,307.5	−0.003%	$6.6M	$147.6M	40x	as long as short
Kalshi KXBTCPERP	+0.0183%	8h	85,327	+0.020%	$11.8M	$740.7M	6.4x	as long as short
RISEx BTC/USDC	+0.0193%	1h	85,315.9	+0.007%	$8.8M	$42.9M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0200% / S −0.0176%	1h	85,308.5	−0.002%	$13.1M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0240%	1h	85,332.6	+0.027%	$685K	$7.9M	30x	as long as short
Aftermath Perps BTCUSD	+0.0264%	1h	85,293.8	−0.019%	$79K	$230K	20x	as long as short