Funding you earn now, next payment 07:00 UTC−0.0120%/8h= −13.1% APRnext payment −$0.15 per $10,000 · paid last 24h −0.035%
Price spread now: ApeX Omni against Injective−0.532%7-day average −0.335% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1021.023% of the position
Funding, last 7 days−0.251%−$25 on $10k
+Price spread, last 4 days (all we have)+0.332%+$33 · spread now −0.532%, 7d avg −0.335%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and ApeX Omni is 0.197% cheaper against Injective than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.335%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective META/USDC PERP | 748.64 | 0.0220 | pay 0.0028% / 1h | 42m 02s | $173K | $46K | 30x |
| Short | ApeX Omni METAUSDT | 744.66 | 0.0100 | get 0.0013% / 1h | 42m 02s | $167K | $72K | 50x |
Injective META/USDC PERP
ApeX Omni METAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Injective. 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
- −$25.2
- Price spread: −0.532% → −0.335%
- −$19.65
- Slippage, 4 orders
- −$92.25
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$147.12
- Costs to cover
- 1.023%
- Break-even
- never at this rate
Slippage from Injective: live order book, 2 min ago; ApeX Omni: live order book, 64 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 Injective live order book, 2 min ago | 17.28 bp | 17.3 bp −$17 | 9880.1 bp −$98.8K | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 64 min ago | 2.62 bp | 33.3 bp −$33 | 496.6 bp −$4,966 | doesn't fit | doesn't fit |
META on 36 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin META-USDT | −0.0120% | 8h | 745.38 | −0.435% | $334K | $1.1M | 20x | as long as short |
| Nado META-PERP | −0.0023% | 1h | 745.00 | −0.486% | $482K | $559K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 745.58 | −0.409% | $479K | $593K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 745.17 | −0.464% | $552K | $2.6M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 745.33 | −0.442% | $25.3M | $187.6M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 745.22 | −0.457% | $7.3M | $15.2M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 745.40 | −0.433% | $6.1M | $12.7M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 744.69 | −0.528% | $457K | $6.1M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 745.34 | −0.441% | $5.5M | $12.2M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 745.37 | −0.436% | $2.4M | $3.3M | — | as long as short |
BloFin META-USDT
Nado META-PERP
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDT
Variational Omni METAShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT META_USDT_Perp | 0.0000% | 8h | 745.59 | −0.407% | $13K | $438K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 745.21 | −0.458% | $624 | $8.2M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 745.02 | −0.484% | $34K | $274K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 745.14 | −0.468% | $106K | $307K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 745.94 | −0.361% | $2.0M | $8K | 10x | as long as short |
| QFEX META-USD | +0.0031% | 1h | 745.16 | −0.465% | $2.2M | $13.9M | 10x | as long as short |
| Lighter RH META | +0.0040% | 1h | 745.69 | −0.394% | $787K | $2.9M | 20x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 745.01 | −0.485% | $109K | $333K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 745.65 | −0.399% | — | $12K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 745.38 | −0.435% | $177K | $205K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 744.96 | −0.492% | $586K | $564K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 745.34 | −0.441% | $25K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 744.94 | −0.494% | $711K | $5.2M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0064% | 8h | 745.24 | −0.455% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0086% | 1h | 746.39 | −0.301% | $52K | $81K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 745.46 | −0.425% | $1.6M | $672K | 20x | as long as short |
| ApeX Omni METAUSDTshort | +0.0100% | 1h | 744.66 | −0.532% | $167K | $72K | 50x | |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 745.42 | −0.430% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 745.21 | −0.459% | $268 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0104% | 1h | 745.43 | −0.429% | $650K | $7.9M | 10x | as long as short |
| Injective META/USDC PERPlong | +0.0220% | 1h | 748.64 | long leg | $173K | $46K | 30x | |
| Lighter META | +0.0392% | 1h | 745.84 | −0.374% | $1.1M | $2.7M | 20x | as long as short |
| Hotstuff META-PERP | +0.0408% | 1h | 745.69 | −0.394% | $33K | $105 | 20x | as long as short |
| tradeXYZ xyz:META | +0.0537% | 1h | 745.72 | −0.390% | $77.0M | $127.2M | 20x | as long as short |
| Phoenix META | +0.0739% | 1h | 746.48 | −0.289% | $797K | $1.5M | 20x | as long as short |
| edgeX METAUSDC | +0.0795% | 4h | 745.37 | −0.437% | $62K | $345K | 10x | as long as short |
GRVT META_USDT_Perp
SunX META-USDT
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
QFEX META-USD
Lighter RH META
Arcus META-USD
Vest META-USD-PERP
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
Paradex META-USD-PERP
Aftermath Perps METAUSD
KuCoin METAUSDTM
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Coinbase International META-PERP-INTX
Lighter META
Hotstuff META-PERP
tradeXYZ xyz:META
Phoenix META
edgeX METAUSDC