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Funding arb · Price arb /

BTC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%
Price spread now: ApeX Omni against SunX−0.025%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$220.219% of the position
Long on SunXShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 7 days+0.011%+$1 on $10k
Price spread, last 3 days (all we have)+0.047%+$5 · spread now −0.025%, 7d avg +0.018%
Together, before fees+0.059%+$6 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: ApeX Omni is 0.043% cheaper against SunX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.018%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX BTC-USDT86,378.10.0100pay 0.0100% / 8h7h 31m$3.4M$5.2M100x
ShortApeX Omni BTCUSDT86,356.30.0100get 0.0013% / 1h31m 10s$141.6M$321.1M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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
$0
Price spread: −0.025% → +0.018%
−$4.3
Slippage, 4 orders
−$3.86
Fee SunX: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$26.16
Costs to cover
0.219%
Break-even
never at this rate
Slippage from SunX: live order book, 7 min ago; ApeX Omni: live order book, 3 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 SunX live order book, 7 min ago0.64 bp6.1 bp −$66.7 bp −$678.4 bp −$838doesn't fit
Sell ApeX Omni live order book, 3 min ago0.24 bp5.2 bp −$55.2 bp −$5211.7 bp −$1,17040.5 bp −$20.3K

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
Bluefin BTC-PERP−0.0458%1h86,410.7+0.038%$144K$666K40xas long as short
Phoenix BTC−0.0129%1h86,337−0.048%$2.2M$11.2M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,404+0.030%$9K$3K50xas long as short
01 Exchange BTCUSD−0.0032%1h86,398.8+0.024%$361K$2.4M50xas long as short
Perpl BTC0.0000%43m86,403.1+0.029%$482K$21.6M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,407.2+0.034%$36.9M—200xas long as short
Aster BTCUSDT+0.0020%8h86,374−0.005%$500.9M$1.14B200xas long as short
Injective BTC/USDC PERP+0.0023%1h86,358−0.023%$343K$26.9M52xas long as short
dYdX BTC-USD+0.0025%1h86,374.9−0.004%$16.9M$20.5M50xas long as short
KuCoin XBTUSDTM+0.0040%8h86,404.2+0.030%$831.2M$720.7M125xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0045%1h86,395.8+0.020%$6.7M$145.7M40xas long as short
BingX BTC-USDC+0.0050%8h86,379.7+0.002%—$15.3M—as long as short
RISEx BTC/USDC+0.0052%1h86,407+0.033%$8.3M$42.5M25xas long as short
Bitget BTCUSDT+0.0063%8h86,377.80.000%$2.97B$5.04B150xas long as short
Phemex BTCUSDT+0.0065%8h86,397.2+0.022%$154.4M$473.9M150xas long as short
MEXC BTC_USDT+0.0076%8h86,373.4−0.005%$5.13B$5.70B500xas long as short
Binance BTCUSDT+0.0077%8h86,380+0.002%$9.40B$24.30B150xas long as short
HTX BTC-USDT+0.0079%8h86,362.5−0.018%$2.29B$965.0M200xas long as short
Aevo BTC-PERP+0.0080%1h86,365.1−0.015%$2.5M$1.7M20xas long as short
Deribit BTC-PERPETUAL+0.0095%1h86,419.5+0.048%$902.7M$1.51B50xas long as short
Lighter BTC+0.0096%1h86,387.4+0.011%$170.5M$985.7M50xas long as short
Lighter RH BTC+0.0096%1h86,392.6+0.017%$23.7M$149.2M50xas long as short
Popdex BTCUSDT+0.0096%1h86,395+0.020%$8.4M$52.0M100xas long as short
SoDEX BTC-USD+0.0098%1h86,374−0.005%$60.4M$338.2M40xas long as short
Katana Perps BTC-USD+0.0100%8h86,370−0.009%$203K$7.2M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,422.3+0.051%$4.2M$8.6M50xas long as short
Nado BTC-PERP+0.0100%1h86,376.3−0.002%$22.0M$228.1M50xas long as short
Hyperliquid BTC+0.0100%1h86,465+0.101%$3.79B$5.00B40xas long as short
Pacifica BTC+0.0100%1h86,410.2+0.037%$40.7M$551.7M50xas long as short
Bybit BTCUSDT+0.0100%8h86,385.4+0.008%$5.26B$9.66B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,383.7+0.006%$2.56B$12.49B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,398+0.023%$3.9M$17.9M25xas long as short
Arcus BTC-USD+0.0100%1h86,418.8+0.047%$7.2M$94.9M40xas long as short
Bulk BTC-USD+0.0100%1h86,348−0.035%$573.1M$19.8M40xas long as short
Gate BTC_USDT+0.0100%8h86,393.2+0.017%$5.81B$10.53B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,354.9−0.027%$37.6M$156.7M75xas long as short
Variational Omni BTC+0.0100%8h86,377.3−0.001%$158.2M$561.5M—as long as short
edgeX BTCUSDC+0.0100%4h86,352.6−0.030%$278.9M$950.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,334.3−0.051%$216.8M$165.6M50xas long as short
ApeX Omni BTCUSDTshort+0.0100%1h86,356.3−0.025%$141.6M$321.1M100x
StandX BTC-USD+0.0100%1h86,327−0.059%$30.6M$209.6M40xas long as short
Vest BTC-PERP+0.0100%1h86,426+0.055%—$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,400+0.025%$11.1M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h86,392.7+0.017%$193K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,378.50.000%$2.5M$8.9M100xas long as short
Derive BTC-PERP+0.0100%1h86,405.1+0.031%$30.5M$58.1M15xas long as short
SunX BTC-USDTlong+0.0100%8h86,378.1long leg$3.4M$5.2M100x
Extended BTC-USD+0.0104%1h86,362−0.019%$45.9M$222.2M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,411.3+0.038%—$98.6M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,415+0.043%$132.2M$5.41B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,400.3+0.026%$192.4M$942.3M100xas long as short
Aftermath Perps BTCUSD+0.0166%1h86,401.7+0.027%$77K$217K20xas long as short
Hibachi BTC/USDT-P+0.0168%1h86,353.9−0.028%$710K$7.9M30xas long as short
BloFin BTC-USDT+0.0197%8h86,370.5−0.009%$415.9M$645.9M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0204% / S −0.0219%1h86,402.7+0.029%$14.5M—200xas long as short
Kalshi KXBTCPERP+0.0209%8h86,413+0.040%$10.2M$763.6M6.4xas long as short