Settings8H · net · $10k
Funding arb · Price arb /

BTC

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Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0028%/8h= −3.0% APRnext payment $0.03 per $10,000 · paid last 24h −0.012%
Price spread now: ApeX Omni against Extended+0.185%92s7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$170.166% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.034%−$3 on $10k
Price spread, last 7 days−0.182%−$18 · spread now +0.185%, 7d avg +0.045%
Together, before fees−0.216%+ Points / potential airdropExtended: Active · farm board−$22 on $10k · with fees, hour by hour
The price spread pays, funding is against you. ApeX Omni is 0.140% dearer against Extended than usual: you sell high and buy low (spread +0.185% now, against its 7-day average of +0.045%): +$14 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 17 days. The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BTC-USD85,649.90.0104pay 0.0013% / 1h41m 49s$44.9M$227.6M50x
ShortApeX Omni BTCUSDT85,808.20.0076get 0.0010% / 1h41m 49s$140.3M$320.9M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Extended. 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

Funding earned
−$5.83
Price spread: +0.185% → +0.045%
$13.98
Slippage, 4 orders
−$1.62
Fee Extended: 2.5 bp × 2 orders
−$5
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$8.47
Costs to cover
0.166%
Break-even
never at this rate
Slippage from Extended: live order book, 2 min ago; ApeX Omni: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 2 min ago0.06 bp2.6 bp −$33.4 bp −$344.6 bp −$45611.3 bp −$5,629
Sell ApeX Omni live order book, 2 min ago0.75 bp5.8 bp −$65.9 bp −$5919.8 bp −$1,98543.6 bp −$21.8K

BTC on 56 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix BTC−0.0144%1h85,767+0.137%$2.2M$10.5M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,711+0.071%$8K$3K50xas long as short
BloFin BTC-USDT−0.0078%8h85,853+0.237%$415.8M$658.2M150xas long as short
01 Exchange BTCUSD−0.0056%1h85,692.1+0.049%$364K$2.3M50xas long as short
dYdX BTC-USD0.0000%1h85,738.2+0.103%$16.8M$20.6M50xas long as short
Perpl BTC0.0000%43m85,735.8+0.100%$510K$21.2M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,684.9+0.041%$36.6M200xas long as short
Injective BTC/USDC PERP+0.0020%1h85,810+0.187%$341K$26.9M52xas long as short
Aster BTCUSDT+0.0039%8h85,694.5+0.052%$497.0M$1.13B200xas long as short
KuCoin XBTUSDTM+0.0040%8h85,665.9+0.019%$893.7M$757.3M125xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
RISEx BTC/USDC+0.0044%1h85,703.6+0.063%$8.1M$42.5M25xas long as short
Reya BTCRUSDPERP+0.0054%1h85,694.6+0.052%$6.7M$146.1M40xas long as short
BingX BTC-USDT+0.0054%8h85,680.9+0.036%$1.59Bas long as short
Bitget BTCUSDT+0.0068%8h85,664.2+0.017%$2.95B$5.14B150xas long as short
HTX BTC-USDT+0.0072%8h85,655.3+0.006%$2.27B$969.7M200xas long as short
ApeX Omni BTCUSDTshort+0.0076%1h85,808.2+0.185%$140.3M$320.9M100x
Nado BTC-PERP+0.0078%1h85,687.6+0.044%$22.7M$229.6M50xas long as short
MEXC BTC_USDT+0.0088%8h85,676.4+0.031%$5.11B$5.67B500xas long as short
Aevo BTC-PERP+0.0088%1h85,665.2+0.018%$2.5M$1.8M20xas long as short
Binance BTCUSDT+0.0088%8h85,671.7+0.025%$9.33B$24.59B150xas long as short
Lighter BTC+0.0096%1h85,681.3+0.037%$169.4M$980.2M50xas long as short
Lighter RH BTC+0.0096%1h85,686.4+0.043%$23.3M$145.3M50xas long as short
Popdex BTCUSDT+0.0096%1h85,699+0.057%$8.4M$52.5M100xas long as short
Gate BTC_USDT+0.0099%8h85,684+0.040%$5.65B$10.40B200xas long as short
Katana Perps BTC-USD+0.0100%8h85,671+0.025%$210K$7.5M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,738.7+0.104%$3.8M$8.7M50xas long as short
Hyperliquid BTC+0.0100%1h85,740+0.105%$3.77B$5.04B40xas long as short
Pacifica BTC+0.0100%1h85,731+0.095%$40.9M$569.6M50xas long as short
Bybit BTCUSDT+0.0100%8h85,676.2+0.031%$5.27B$9.82B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,681.2+0.037%$2.55B$12.52B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,692+0.049%$3.9M$17.9M25xas long as short
Arcus BTC-USD+0.0100%1h85,675.9+0.030%$7.3M$98.1M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,676.9+0.032%$35.1M$163.5M75xas long as short
Variational Omni BTC+0.0100%8h85,783.2+0.156%$155.9M$552.3Mas long as short
edgeX BTCUSDC+0.0100%4h85,787.3+0.160%$278.0M$944.2M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,740.2+0.106%$215.2M$164.7M50xas long as short
StandX BTC-USD+0.0100%1h85,805.4+0.182%$30.4M$207.4M40xas long as short
Vest BTC-PERP+0.0100%1h85,767.7+0.138%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,701+0.060%$11.0M$14.2M50xas long as short
Bullet BTC-USD+0.0100%1h85,671.8+0.026%$191K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,671.7+0.025%$2.4M$9.1M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,709.9+0.070%$186K$709K40xas long as short
Derive BTC-PERP+0.0100%1h85,682.5+0.038%$29.9M$57.4M15xas long as short
SunX BTC-USDT+0.0100%8h85,638.1−0.014%$2.9M$6.6M100xas long as short
SoDEX BTC-USD+0.0100%1h85,672+0.026%$60.0M$337.8M40xas long as short
Phemex BTCUSDT+0.0100%8h85,670.4+0.024%$154.0M$480.3M150xas long as short
Bulk BTC-USD+0.0100%1h85,804.9+0.181%$582.3M$118.5M40xas long as short
Extended BTC-USDlong+0.0104%1h85,649.9long leg$44.9M$227.6M50x
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,716.7+0.078%$101.7M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h85,706+0.066%$131.3M$5.26B50xas long as short
Deribit BTC-PERPETUAL+0.0130%1h85,710.8+0.071%$892.9M$1.54B50xas long as short
Hibachi BTC/USDT-P+0.0136%1h85,832.3+0.213%$709K$7.9M30xas long as short
Kraken Futures PF_XBTUSD+0.0146%1h85,691.7+0.049%$188.7M$970.8M100xas long as short
Aftermath Perps BTCUSD+0.0150%1h85,794.3+0.169%$77K$217K20xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0204% / S −0.0194%1h85,678.9+0.034%$13.8M200xas long as short
Kalshi KXBTCPERP+0.0206%8h85,728+0.091%$10.0M$770.4M6.4xas long as short