Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against ApeX Omni−0.119%7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$464as in the Funding arb table

Net, price: spread back to 7d avg − costs−$468as in the Price arb table

costs, in and out, $10k−$4644.642% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.197%−$20 · spread now −0.119%, 7d avg −0.080%

Together, before fees−0.197%−$20 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.039% cheaper against ApeX Omni than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni EDGEUSDT	0.5871	0.0100	pay 0.0013% / 1h	13m 08s	$8K	$295K	50x
Short	Bitget EDGEUSDT	0.5864	0.0100	get 0.0050% / 4h	2h 13m	$4.7M	$990K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee BitgetbpOrdersPrice spread, now −0.119%Rate

Funding earned: $0
Price spread: −0.119% → −0.080%: −$3.91
Slippage, 4 orders: −$442.24
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$468.15
Costs to cover: 4.642%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 9 min ago; Bitget: live order book, 5 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 ApeX Omni live order book, 9 min ago	18.70 bp	186.5 bp −$186	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	3.40 bp	47.1 bp −$47	314.9 bp −$3,149	doesn't fit	doesn't fit

EDGE on 17 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
Backpack EDGE_USDC_PERP	−0.0132%	1h	0.5869	−0.041%	$59K	$100K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5854	−0.290%	$54K	$9K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5864	−0.119%	$7.0M	$3.2M	25x	as long as short
Bitget EDGEUSDTshort	+0.0100%	4h	0.5864	−0.119%	$4.7M	$990K	20x
Variational Omni EDGE	+0.0100%	4h	0.5862	−0.149%	$191K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5876	+0.086%	$2K	$1.7M	10x	as long as short
ApeX Omni EDGEUSDTlong	+0.0100%	1h	0.5871	long leg	$8K	$295K	50x
SunX EDGE-USDT	+0.0100%	4h	0.5827	−0.749%	$3K	$602K	10x	as long as short
KuCoin EDGEUSDTM	+0.0154%	4h	0.5867	−0.068%	$2.1M	$2.3M	50x	as long as short
BloFin EDGE-USDT	+0.0381%	4h	0.5861	−0.170%	$632K	$125K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster EDGEUSDT	+0.0387%	4h	0.5865	−0.098%	$67K	$134K	5x	as long as short
Extended EDGE-USD	+0.0408%	1h	0.5866	−0.077%	$27K	$230K	5x	as long as short
MEXC EDGE_USDT	+0.0410%	4h	0.5870	−0.017%	$1.2M	$930K	50x	as long as short
Binance EDGEUSDT	+0.0411%	4h	0.5870	−0.009%	$10.0M	$10.0M	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0423%	4h	0.5872	+0.017%	$3.6M	$5.7M	20x	as long as short
edgeX EDGEUSDC	+0.0427%	4h	0.5868	−0.057%	$14.0M	$3.4M	30x	as long as short
Orderly PERP_EDGE_USDC	+0.0454%	4h	0.5870	−0.017%	$3K	—	10x	as long as short