Funding you earn now, next payment 03:00 UTC+0.0084%/8h= +9.3% APRnext payment +$0.11 per $10,000 · paid last 24h +0.017%
Price spread now: ApeX Omni against QFEX−0.030%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$280.280% of the position
Funding, last 4 days (all we have)+0.076%+$8 on $10k
+Price spread, last 4 days (all we have)+0.051%+$5 · spread now −0.030%, 7d avg −0.002%
=Funding pays, the price is against you. ApeX Omni is 0.028% cheaper against QFEX than usual: you would sell low and buy high (spread −0.030% now, against its 7-day average of −0.002%). If the spread goes back, that is −$3 on $10k: about 27 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX COIN-USD | 197.55 | 0.0016 | pay 0.0002% / 1h | 51m 08s | $1.3M | $3.5M | 10x |
| Short | ApeX Omni COINUSDT | 197.49 | 0.0100 | get 0.0013% / 1h | 51m 08s | $89K | $286K | 50x |
QFEX COIN-USD
ApeX Omni COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against QFEX. 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
- $17.74
- Price spread: −0.030% → −0.002%
- −$2.81
- Slippage, 4 orders
- −$7.97
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$13.03
- Costs to cover
- 0.280%
- Break-even
- 12.1 days
Slippage from QFEX: live order book, 12 min ago; ApeX Omni: live order book, 11 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 QFEX live order book, 12 min ago | 1.01 bp | 6.4 bp −$6 | 8.3 bp −$83 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 11 min ago | 2.78 bp | 7.8 bp −$8 | 12.5 bp −$125 | doesn't fit | doesn't fit |
COIN 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0725% | 8h | 197.78 | +0.116% | $6.3M | $10.1M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.53 | −0.010% | $44K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0139% | 8h | 197.70 | +0.076% | $1.2M | $7.0M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0088% | 1h | 197.09 | −0.233% | — | $284K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.78 | +0.118% | $349K | $877K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.62 | +0.037% | $119K | $697K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.68 | +0.066% | $15.1M | $78.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.74 | +0.096% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.68 | +0.066% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.59 | +0.019% | $817K | $905K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.46 | −0.047% | $14K | $2.1M | 10x | as long as short |
| QFEX COIN-USDlong | +0.0016% | 1h | 197.55 | long leg | $1.3M | $3.5M | 10x | |
| Lighter COIN | +0.0032% | 1h | 197.63 | +0.040% | $368K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.58 | +0.015% | $450K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.51 | −0.020% | $15K | $54K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.52 | −0.015% | $15.7M | $13.3M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.53 | −0.010% | $125K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.63 | +0.040% | $96 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.38 | −0.086% | $351K | $3.0M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.61 | +0.030% | $995K | $143K | 20x | as long as short |
| ApeX Omni COINUSDTshort | +0.0100% | 1h | 197.49 | −0.030% | $89K | $286K | 50x | |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.61 | +0.030% | $571 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.58 | +0.015% | $117 | — | 10x | as long as short |
| edgeX COINUSDC | +0.0114% | 4h | 197.30 | −0.125% | $51K | $294K | 10x | as long as short |
| Phoenix COIN | +0.0162% | 1h | 197.52 | −0.015% | $5K | $281K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
edgeX COINUSDC
Phoenix COIN