Funding you earn now, next payment 07:00 UTC+0.0410%/8h= +44.9% APRnext payment +$0.51 per $10,000 · paid last 24h +0.029%
Price spread now: ApeX Omni against Polymarket Perps−0.113%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$168as in the Price arb table
costs, in and out, $10k−$1571.573% of the position
Funding, last 7 days+0.145%+$15 on $10k
+Price spread, last 4 days (all we have)−0.190%−$19 · spread now −0.113%, 7d avg −0.004%
=Funding pays, the price is against you. ApeX Omni is 0.109% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.113% now, against its 7-day average of −0.004%). If the spread goes back, that is −$11 on $10k: about 21 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.145% in total) that is about 5.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.145% in total (about 7.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.51 per $10,000. 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 | Polymarket Perps USELESS-USD | 0.2838 | 0.0100 | pay 0.0013% / 1h | 2m 57s | $28K | $267K | 3x |
| Short | ApeX Omni USELESSUSDT | 0.2835 | 0.0510 | get 0.0064% / 1h | 2m 57s | $52K | $702K | 25x |
Polymarket Perps USELESS-USD
ApeX Omni USELESSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Polymarket Perps. 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
- $86.2
- Price spread: −0.113% → −0.004%
- −$10.85
- Slippage, 4 orders
- −$139.32
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$81.97
- Costs to cover
- 1.573%
- Break-even
- 13.7 days
Slippage from Polymarket Perps: live order book, 39 min ago; ApeX Omni: live order book, 41 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 Polymarket Perps live order book, 39 min ago | 1.44 bp | 51.0 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 41 min ago | 10.78 bp | 19.6 bp −$20 | 110.2 bp −$1,102 | doesn't fit | doesn't fit |
USELESS on 24 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 USELESS | +0.0096% | 1h | 0.2838 | −0.014% | $1.3M | $1.3M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2836 | −0.081% | $30K | $19K | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0100% | 4h | 0.2838 | −0.021% | $5.2M | $10.7M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0100% | 4h | 0.2836 | −0.063% | $5.5M | $10.5M | 20x | as long as short |
| Polymarket Perps USELESS-USDlong | +0.0100% | 1h | 0.2838 | long leg | $28K | $267K | 3x | |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2838 | −0.025% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2837 | −0.028% | $20K | $515K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2842 | +0.127% | $651K | $1.2M | 20x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0107% | 4h | 0.2836 | −0.063% | $9.7M | $70.9M | 10x | as long as short |
| Aster USELESSUSDT | +0.0126% | 4h | 0.2837 | −0.042% | $556K | $2.2M | 10x | as long as short |
Lighter USELESS
Pacifica USELESS
KuCoin USELESSUSDTM
Bitget USELESSUSDT
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
OKX USELESS-USDT-SWAP
Aster USELESSUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo USELESS-PERP | +0.0152% | 1h | 0.2833 | −0.177% | $10K | — | 3x | as long as short |
| Hyperliquid USELESS | +0.0197% | 1h | 0.2840 | +0.078% | $12.4M | $23.4M | 3x | as long as short |
| edgeX USELESSUSDC | +0.0255% | 4h | 0.2843 | +0.158% | $21K | $197K | 10x | as long as short |
| Extended USELESS-USD | +0.0256% | 1h | 0.2837 | −0.039% | $242K | $896K | 5x | as long as short |
| Binance USELESSUSDT | +0.0260% | 4h | 0.2839 | +0.014% | $23.6M | $124.6M | 50x | as long as short |
| MEXC USELESS_USDT | +0.0262% | 4h | 0.2840 | +0.056% | $11.9M | $6.2M | 50x | as long as short |
| Bybit USELESSUSDT | +0.0466% | 4h | 0.2838 | +0.004% | $26.8M | $49.4M | 13x | as long as short |
| BingX USELESS-USDT | +0.0508% | 4h | 0.2839 | +0.035% | — | $5.3M | — | as long as short |
| ApeX Omni USELESSUSDTshort | +0.0510% | 1h | 0.2835 | −0.113% | $52K | $702K | 25x | |
| Variational Omni USELESS | +0.0561% | 4h | 0.2851 | +0.433% | $1.2M | $1.9M | — | as long as short |
| Gate USELESS_USDT | +0.0632% | 4h | 0.2837 | −0.060% | $7.1M | $8.7M | 50x | as long as short |
| BloFin USELESS-USDT | +0.0706% | 4h | 0.2840 | +0.070% | $1.2M | $2.1M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.0950% | 4h | 0.2838 | −0.007% | $22K | $1.5M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3008 | +5.972% | $5K | $11K | 5.5x | as long as short |
Aevo USELESS-PERP
Hyperliquid USELESS
edgeX USELESSUSDC
Extended USELESS-USD
Binance USELESSUSDT
MEXC USELESS_USDT
Bybit USELESSUSDT
BingX USELESS-USDT
Variational Omni USELESS
Gate USELESS_USDT
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP