Funding you earn now, next payment 09:00 UTC−0.0490%/8h= −53.7% APRpaid last 24h −0.079%
Price spread now: ApeX Omni against OKX−0.334%100s7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$423as 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−$4114.111% of the position
Funding, last 7 days−0.123%−$12 on $10k
+Price spread, last 4 days (all we have)+0.652%+$65 · spread now −0.334%, 7d avg −0.010%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and ApeX Omni is 0.324% cheaper against OKX than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of −0.010%). Swap the legs. The two prices were read 100 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.123% in total (about -6.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX EDGE-USDT-SWAP | 0.5989 | 0.0590 | pay 0.0295% / 4h | 3h 21m | $3.8M | $6.2M | 20x |
| Short | ApeX Omni EDGEUSDT | 0.5969 | 0.0100 | get 0.0013% / 1h | 21m 54s | $9K | $296K | 50x |
OKX EDGE-USDT-SWAP
ApeX Omni EDGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$102.9
- Price spread: −0.334% → −0.010%
- −$32.41
- Slippage, 4 orders
- −$391.11
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$546.42
- Costs to cover
- 4.111%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; ApeX Omni: live order book, 10 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 OKX live order book, 1 min ago | 4.16 bp | 27.2 bp −$27 | 127.6 bp −$1,276 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 10 min ago | 9.21 bp | 182.7 bp −$183 | doesn't fit | doesn't fit | doesn't fit |
EDGE on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter EDGE | +0.0096% | 1h | 0.5977 | −0.199% | $44K | $22K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.5983 | −0.100% | $7.3M | $3.4M | 25x | as long as short |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.5985 | −0.067% | $4.8M | $1.2M | 20x | as long as short |
| Backpack EDGE_USDC_PERP | +0.0100% | 1h | 0.5992 | +0.048% | $59K | $121K | 3.3x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.5942 | −0.779% | $188K | $145K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5961 | −0.469% | $8K | $3.3M | 10x | as long as short |
| ApeX Omni EDGEUSDTshort | +0.0100% | 1h | 0.5969 | −0.334% | $9K | $296K | 50x | |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5948 | −0.685% | $3K | $649K | 10x | as long as short |
| KuCoin EDGEUSDTM | +0.0238% | 4h | 0.5984 | −0.083% | $2.1M | $2.2M | 50x | as long as short |
| Aster EDGEUSDT | +0.0420% | 4h | 0.6000 | +0.190% | $52K | $150K | 5x | as long as short |
Lighter EDGE
Bybit EDGEUSDT
Bitget EDGEUSDT
Backpack EDGE_USDC_PERP
Variational Omni EDGE
GRVT EDGE_USDT_Perp
SunX EDGE-USDT
KuCoin EDGEUSDTM
Aster EDGEUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX EDGEUSDC | +0.0517% | 4h | 0.5963 | −0.432% | $14.4M | $3.7M | 30x | as long as short |
| MEXC EDGE_USDT | +0.0590% | 4h | 0.5990 | +0.017% | $1.1M | $720K | 50x | as long as short |
| OKX EDGE-USDT-SWAPlong | +0.0590% | 4h | 0.5989 | long leg | $3.8M | $6.2M | 20x | |
| Binance EDGEUSDT | +0.0615% | 4h | 0.5984 | −0.083% | $10.4M | $11.1M | 50x | as long as short |
| Extended EDGE-USD | +0.0616% | 1h | 0.5984 | −0.084% | $27K | $270K | 5x | as long as short |
| BloFin EDGE-USDT | +0.0648% | 4h | 0.5983 | −0.100% | $676K | $106K | 50x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0691% | 4h | 0.5991 | +0.033% | $2K | $1K | 10x | as long as short |
edgeX EDGEUSDC
MEXC EDGE_USDT
Binance EDGEUSDT
Extended EDGE-USD
BloFin EDGE-USDT
Orderly PERP_EDGE_USDC