BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.4% APRnext payment +$0.08 per $10,000 · paid last 24h +0.019%

Price spread now: ApeX Omni against dYdX−0.149%110s7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as 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−$310.310% of the position

Long on dYdX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.146%+$15 on $10k

Price spread, last 7 days+0.108%+$11 · spread now −0.149%, 7d avg +0.012%

Together, before fees+0.254%+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.161% cheaper against dYdX than usual: you would sell low and buy high (spread −0.149% now, against its 7-day average of +0.012%). If the spread goes back, that is −$16 on $10k: about 8.0 days of funding at the current rate (+$2 a day). The two prices were read 110 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	dYdX BTC-USD	85,583.7	0.0033	pay 0.0004% / 1h	19m 43s	$16.8M	$21.2M	50x
Short	ApeX Omni BTCUSDT	85,456.2	0.0100	get 0.0013% / 1h	19m 43s	$139.8M	$315.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against dYdX. 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 dYdXbpFee ApeX OmnibpOrdersPrice spread, now −0.149%Rate

Funding earned: $14.17
Price spread: −0.149% → +0.012%: −$16.1
Slippage, 4 orders: −$10.97
Fee dYdX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$32.9
Costs to cover: 0.310%
Break-even: 23.3 days

Slippage from dYdX: 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 dYdX live order book, 4 min ago	1.75 bp	6.8 bp −$7	6.8 bp −$68	10.6 bp −$1,057	20.2 bp −$10.1K
Sell ApeX Omni live order book, 4 min ago	0.35 bp	5.4 bp −$5	5.4 bp −$54	9.5 bp −$948	38.3 bp −$19.1K

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	85,468	−0.135%	$2.1M	$10.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,553	−0.036%	$8K	$3K	50x	as long as short
KuCoin XBTUSDTM	−0.0043%	8h	85,541.4	−0.049%	$920.4M	$758.0M	125x	as long as short
BloFin BTC-USDT	−0.0026%	8h	85,543.9	−0.046%	$420.0M	$676.3M	150x	as long as short
01 Exchange BTCUSD	−0.0008%	1h	85,581.2	−0.003%	$365K	$2.3M	50x	as long as short
Aster BTCUSDT	−0.0006%	8h	85,508.1	−0.088%	$514.9M	$1.10B	200x	as long as short
Perpl BTC	0.0000%	43m	85,560.5	−0.027%	$507K	$18.7M	6.7x	as long as short
Nado BTC-PERP	+0.0001%	1h	85,530.1	−0.063%	$24.5M	$222.9M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,576.6	−0.008%	$36.6M	—	200x	as long as short
dYdX BTC-USDlong	+0.0033%	1h	85,583.7	long leg	$16.8M	$21.2M	50x

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BTC/USDC PERP	+0.0044%	1h	85,552	−0.037%	$340K	$26.9M	52x	as long as short
SoDEX BTC-USD	+0.0053%	1h	85,545	−0.045%	$59.9M	$336.0M	40x	as long as short
Deribit BTC-PERPETUAL	+0.0063%	1h	85,592.8	+0.011%	$872.0M	$1.60B	50x	as long as short
BingX BTC-USDT	+0.0064%	8h	85,549.9	−0.039%	—	$1.54B	—	as long as short
Phemex BTCUSDT	+0.0066%	8h	85,542.2	−0.048%	$148.6M	$496.0M	150x	as long as short
Bitget BTCUSDT	+0.0079%	8h	85,540.9	−0.050%	$2.95B	$5.12B	150x	as long as short
MEXC BTC_USDT	+0.0094%	8h	85,520.2	−0.074%	$5.07B	$5.67B	500x	as long as short
Binance BTCUSDT	+0.0094%	8h	85,528.8	−0.064%	$9.45B	$24.43B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,550.6	−0.039%	$172.1M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,551.1	−0.038%	$23.9M	$148.8M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,565	−0.022%	$8.4M	$55.0M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,546.2	−0.044%	$2.8M	$2.2M	20x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,555	−0.034%	$230K	$8.4M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,565.3	−0.021%	$5.7M	$9.4M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,626	+0.049%	$3.79B	$5.02B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,562.6	−0.025%	$40.4M	$591.8M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,513.9	−0.082%	$5.18B	$9.87B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,525.6	−0.068%	$2.59B	$12.13B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,545	−0.045%	$3.8M	$17.8M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,565.9	−0.021%	$4.7M	$99.9M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,555.7	−0.033%	$5.54B	$10.83B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,531.6	−0.061%	$36.1M	$178.8M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,535	−0.057%	$154.3M	$565.4M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,431.3	−0.178%	$279.0M	$929.7M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,439.6	−0.168%	$214.7M	$168.8M	50x	as long as short
ApeX Omni BTCUSDTshort	+0.0100%	1h	85,456.2	−0.149%	$139.8M	$315.9M	100x
StandX BTC-USD	+0.0100%	1h	85,525.5	−0.068%	$30.2M	$207.0M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,611.7	+0.033%	—	$11.0M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,568	−0.018%	$11.1M	$14.3M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,561.6	−0.026%	$202K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,557.5	−0.031%	$2.5M	$8.8M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,611	+0.032%	$207K	$738K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,548.1	−0.042%	$30.0M	$50.1M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,545.7	−0.044%	$2.9M	$6.1M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,543	−0.048%	$2.26B	$949.7M	200x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,447	−0.160%	$679.5M	$701.9M	40x	as long as short
Reya BTCRUSDPERP	+0.0102%	1h	85,559.9	−0.028%	$6.6M	$147.1M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,526.3	−0.067%	$45.7M	$234.9M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	85,556.6	−0.032%	—	$106.3M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,579.7	−0.005%	$117.2M	$5.26B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0135%	1h	85,565.4	−0.021%	$188.0M	$957.0M	100x	as long as short
Kalshi KXBTCPERP	+0.0169%	8h	85,601	+0.020%	$11.5M	$754.0M	6.4x	as long as short
RISEx BTC/USDC	+0.0174%	1h	85,600	+0.019%	$8.7M	$42.9M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0176% / S −0.0149%	1h	85,578.6	−0.006%	$13.1M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0240%	1h	85,593.2	+0.011%	$701K	$7.9M	30x	as long as short
Aftermath Perps BTCUSD	+0.0247%	1h	85,522.6	−0.071%	$78K	$222K	20x	as long as short