Funding you earn now, next payment 04:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h +0.090%
Price spread now: ApeX Omni against Orderly−0.225%7-day average +0.048% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.711%+$71 on $10k
+Price spread, last 4 days (all we have)+0.980%+$98 · spread now −0.225%, 7d avg +0.048%
=Funding pays, the price is against you. ApeX Omni is 0.273% cheaper against Orderly than usual: you would sell low and buy high (spread −0.225% now, against its 7-day average of +0.048%). If the spread goes back, that is −$27 on $10k: about 26 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.711% in total) that is about 2.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_S_USDC | 0.03999 | 0.0065 | pay 0.0033% / 4h | 18m 45s | $99K | $292K | 10x |
| Short | ApeX Omni SUSDT | 0.03990 | 0.0100 | get 0.0013% / 1h | 18m 45s | $24K | $462K | 50x |
Orderly PERP_S_USDC
ApeX Omni SUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Orderly. 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
- $7.25
- Price spread: −0.225% → +0.048%
- −$27.26
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$36.01
- Costs to cover
- 0.160%
- Break-even
- 41.8 days
Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 39 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell ApeX Omni live order book, 39 min ago | 24.51 bp | 77.8 bp −$78 | doesn't fit | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
S on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUSD | −0.6904% | 1h | 0.03960 | −0.975% | $25K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.2558% | 1h | 0.03990 | −0.219% | $33K | $13K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1376% | 1h | 0.03963 | −0.900% | $48K | $16K | 25x | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04000 | +0.013% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03997 | −0.055% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04000 | +0.038% | $3K | — | 150x | as long as short |
| Variational Omni S | +0.0014% | 4h | 0.03993 | −0.156% | $619K | $30K | — | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +2.526% | $2K | $37K | 12x | as long as short |
| Orderly PERP_S_USDClong | +0.0065% | 4h | 0.03999 | long leg | $99K | $292K | 10x | |
| Lighter S | +0.0096% | 1h | 0.03999 | 0.000% | $168K | $156K | 5x | as long as short |
01 Exchange SUSD
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
gTrade (Gains Network) S/USD
Variational Omni S
Injective S/USDC PERP
Lighter SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.03995 | −0.098% | $996K | $551K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04002 | +0.076% | $44K | $131K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03994 | −0.125% | $5.5M | $13.7M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03993 | −0.150% | $5.8M | $4.5M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03995 | −0.100% | $1.0M | $3.8M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03996 | −0.075% | $325K | $191K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03997 | −0.050% | $3.8M | $1.8M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03992 | −0.175% | $1.8M | $2.7M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04001 | +0.050% | $1.2M | $2.2M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03996 | −0.075% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDTshort | +0.0100% | 1h | 0.03990 | −0.225% | $24K | $462K | 50x | |
| Extended S-USD | +0.0104% | 1h | 0.03994 | −0.114% | $229K | $1.1M | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03999 | 0.000% | $278K | $96K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0500% | 1h | 0.04004 | +0.125% | $67K | $10K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.1032% | 1h | 0.04010 | +0.275% | $117K | $415K | 5x | as long as short |
Hyperliquid S
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
Extended S-USD
BloFin S-USDT
Deribit S_USDC-PERPETUAL
Backpack S_USDC_PERP