Funding you earn now, next payment 09:00 UTC+0.0077%/8h= +8.4% APRpaid last 24h +0.027%
Price spread now: ApeX Omni against Binance+0.079%59s7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as 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−$350.346% of the position
Funding, last 7 days+0.132%+$13 on $10k
+Price spread, last 4 days (all we have)−0.141%−$14 · spread now +0.079%, 7d avg −0.011%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and ApeX Omni is 0.090% dearer against Binance than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.011%. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COINUSDT | 197.84 | 0.0023 | pay 0.0023% / 8h | 6h 56m | $14.6M | $79.1M | 20x |
| Short | ApeX Omni COINUSDT | 198.00 | 0.0100 | get 0.0013% / 1h | 56m 35s | $89K | $280K | 50x |
Binance COINUSDT
ApeX Omni COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Binance. 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
- $16.15
- Price spread: +0.079% → −0.011%
- $9
- Slippage, 4 orders
- −$14.55
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$9.41
- Costs to cover
- 0.346%
- Break-even
- 11.1 days
Slippage from Binance: live order book, 16 min ago; ApeX Omni: live order book, 36 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 Binance live order book, 16 min ago | 0.50 bp | 8.6 bp −$9 | 17.7 bp −$177 | 59.7 bp −$5,966 | doesn't fit |
| Sell ApeX Omni live order book, 36 min ago | 3.59 bp | 8.6 bp −$9 | 12.8 bp −$128 | doesn't fit | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.14 | −0.356% | $17K | $224K | 30x | as long as short |
| Ondo Perps COIN-USD.P | −0.0155% | 1h | 197.47 | −0.189% | $380K | $2.3M | 10x | as long as short |
| Vest COIN-USD-PERP | −0.0020% | 1h | 197.50 | −0.174% | — | $322K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.87 | +0.011% | $345K | $879K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.73 | −0.058% | $4.6M | $5.8M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.72 | −0.063% | $3.1M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 197.78 | −0.032% | $1.2M | $6.5M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 197.71 | −0.068% | $6.4M | $10.0M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.99 | +0.073% | $672K | $831K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.26 | +0.210% | $14K | $3.0M | 10x | as long as short |
Injective COIN/USDC PERP
Ondo Perps COIN-USD.P
Vest COIN-USD-PERP
Aster COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance COINUSDTlong | +0.0023% | 8h | 197.84 | long leg | $14.6M | $79.1M | 20x | |
| Extended COIN_24_5-USD | +0.0024% | 1h | 197.75 | −0.045% | $105K | $848K | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.70 | −0.073% | $357K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.71 | −0.068% | $471K | $1.2M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0034% | 1h | 197.67 | −0.088% | $14.9M | $12.3M | 10x | as long as short |
| QFEX COIN-USD | +0.0036% | 1h | 197.69 | −0.078% | $1.3M | $2.7M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.89 | +0.023% | $17K | $37K | 5x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.55 | −0.149% | $138K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.70 | −0.073% | $75 | $3K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.79 | −0.027% | $933K | $228K | 20x | as long as short |
| ApeX Omni COINUSDTshort | +0.0100% | 1h | 198.00 | +0.079% | $89K | $280K | 50x | |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.82 | −0.012% | $572 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.70 | −0.073% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0108% | 8h | 197.91 | +0.033% | $190K | $489K | 20x | as long as short |
| Phoenix COIN | +0.0164% | 1h | 198.21 | +0.185% | $5K | $253K | 10x | as long as short |
| edgeX COINUSDC | +0.0632% | 4h | 198.03 | +0.092% | $51K | $293K | 10x | as long as short |
Extended COIN_24_5-USD
Lighter COIN
Lighter RH COIN
tradeXYZ xyz:COIN
QFEX COIN-USD
Arcus COIN-USD
Polymarket Perps COIN-USD
SoDEX COIN-USD
KuCoin COINUSDTM
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC