Funding you earn now, next payment 06:00 UTC+0.0222%/8h= +24.3% APRpaid last 24h −0.035%
Price spread now: ApeX Omni against Gate−0.154%51s7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as 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−$570.572% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.154%, 7d avg −0.033%
=Funding pays, the price is against you. ApeX Omni is 0.121% cheaper against Gate than usual: you would sell low and buy high (spread −0.154% now, against its 7-day average of −0.033%). If the spread goes back, that is −$12 on $10k: about 43 hours of funding at the current rate (+$7 a day). The two prices were read 51 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 -0.020% in total (about -1.1% 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 | Gate COIN_USDT | 195.28 | −0.0122 | get 0.0122% / 8h | 2h 24m | $1.2M | $7.4M | 50x |
| Short | ApeX Omni COINUSDT | 194.98 | 0.0100 | get 0.0013% / 1h | 24m 32s | $88K | $287K | 50x |
Gate COIN_USDT
ApeX Omni COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Gate. 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
- $46.62
- Price spread: −0.154% → −0.033%
- −$12.06
- Slippage, 4 orders
- −$32.17
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$22.61
- Costs to cover
- 0.572%
- Break-even
- 10.4 days
Slippage from Gate: live order book, 4 min ago; ApeX Omni: live order book, 23 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 Gate live order book, 4 min ago | 3.59 bp | 21.8 bp −$22 | 122.7 bp −$1,227 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 23 min ago | 2.80 bp | 8.1 bp −$8 | 14.4 bp −$144 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0861% | 8h | 195.42 | +0.072% | $6.3M | $10.6M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 195.11 | −0.087% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDTlong | −0.0122% | 8h | 195.28 | long leg | $1.2M | $7.4M | 50x | |
| Vest COIN-USD-PERP | −0.0113% | 1h | 194.44 | −0.430% | — | $289K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.26 | −0.009% | $341K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 195.18 | −0.051% | $113K | $852K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 195.29 | +0.003% | $14.6M | $81.4M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.24 | −0.020% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.20 | −0.041% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.11 | −0.086% | $708K | $962K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
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 | 195.58 | +0.155% | $15K | $2.6M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 195.15 | −0.067% | $454K | $1.5M | 10x | as long as short |
| QFEX COIN-USD | +0.0038% | 1h | 195.12 | −0.082% | $1.3M | $3.0M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.32 | +0.020% | $15K | $54K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.03 | −0.128% | $15.1M | $13.7M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.17 | −0.056% | $127K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.05 | −0.118% | $82 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.04 | −0.123% | $363K | $2.8M | 10x | as long as short |
| Phoenix COIN | +0.0082% | 1h | 195.00 | −0.143% | $4K | $283K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.04 | −0.123% | $983K | $143K | 20x | as long as short |
| ApeX Omni COINUSDTshort | +0.0100% | 1h | 194.98 | −0.154% | $88K | $287K | 50x | |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.06 | −0.113% | $564 | $4K | 10x | as long as short |
| Lighter COIN | +0.0104% | 1h | 195.17 | −0.057% | $349K | $2.2M | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.09 | −0.099% | $115 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 195.11 | −0.087% | $187K | $417K | 20x | as long as short |
| edgeX COINUSDC | +0.0690% | 4h | 195.16 | −0.061% | $50K | $294K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Phoenix COIN
KuCoin COINUSDTM
Orderly PERP_COIN_USDC_mythos
Lighter COIN
Aevo COIN-PERP
BloFin COIN-USDT
edgeX COINUSDC