Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.016%
Price spread now: ApeX Omni against Bybit−0.082%89s7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as 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−$420.421% of the position
Funding, last 7 days+0.047%+$5 on $10k
+Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.082%, 7d avg −0.031%
=Funding pays, the price is against you. ApeX Omni is 0.050% cheaper against Bybit than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of −0.031%). If the spread goes back, that is −$5 on $10k: about 40 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.047% in total) that is about 7.6 days. The two prices were read 89 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 | Bybit COINUSDT | 195.88 | 0 | get 0.0000% / 8h | 34m 08s | $4.7M | $6.2M | 50x |
| Short | ApeX Omni COINUSDT | 195.72 | 0.0100 | get 0.0013% / 1h | 34m 08s | $88K | $287K | 50x |
Bybit COINUSDT
ApeX Omni COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Bybit. 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
- $21
- Price spread: −0.082% → −0.031%
- −$5.05
- Slippage, 4 orders
- −$21.06
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$26.11
- Costs to cover
- 0.421%
- Break-even
- 15.7 days
Slippage from Bybit: live order book, 4 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bybit live order book, 4 min ago | 2.55 bp | 10.4 bp −$10 | 33.5 bp −$335 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 3 min ago | 3.83 bp | 9.0 bp −$9 | 14.8 bp −$148 | 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 | 196.04 | +0.082% | $43K | $48K | 30x | as long as short |
| Bitget COINUSDT | −0.0348% | 8h | 196.08 | +0.102% | $6.4M | $10.6M | 20x | as long as short |
| Vest COIN-USD-PERP | −0.0047% | 1h | 195.55 | −0.168% | — | $326K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.76 | −0.059% | $342K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 195.93 | +0.027% | $106K | $861K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 195.89 | +0.005% | $15.0M | $82.2M | 20x | as long as short |
| Bybit COINUSDTlong | 0.0000% | 8h | 195.88 | long leg | $4.7M | $6.2M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.92 | +0.020% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 195.94 | +0.031% | $1.2M | $7.3M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.93 | +0.024% | $712K | $974K | — | as long as short |
Injective COIN/USDC PERP
Bitget COINUSDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 196.29 | +0.211% | $22K | $2.8M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 195.86 | −0.012% | $362K | $2.3M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 195.84 | −0.020% | $463K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.19 | +0.158% | $17K | $58K | 5x | as long as short |
| edgeX COINUSDC | +0.0050% | 4h | 196.08 | +0.100% | $50K | $295K | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.75 | −0.066% | $15.1M | $13.0M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.84 | −0.020% | $134K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.88 | 0.000% | $100 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.74 | −0.071% | $445K | $2.8M | 10x | as long as short |
| QFEX COIN-USD | +0.0065% | 1h | 195.93 | +0.026% | $1.3M | $2.9M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.76 | −0.061% | $987K | $136K | 20x | as long as short |
| ApeX Omni COINUSDTshort | +0.0100% | 1h | 195.72 | −0.082% | $88K | $287K | 50x | |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.94 | +0.031% | $567 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.96 | +0.039% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 195.89 | +0.005% | $187K | $436K | 20x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 195.87 | −0.005% | $4K | $283K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
edgeX COINUSDC
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
QFEX COIN-USD
KuCoin COINUSDTM
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN