Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against ApeX Omni+0.120%69s7-day average −0.105% · you sell dearer than you buy

Net, funding: paid 7d − costs−$487as 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−$4864.859% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 3 days (all we have)−0.344%−$34 · spread now +0.120%, 7d avg −0.105%

Together, before fees−0.354%−$35 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: Bybit is 0.225% dearer against ApeX Omni than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.105%. The two prices were read 69 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	ApeX Omni EDGEUSDT	0.5823	0.0100	pay 0.0013% / 1h	54m 31s	$8K	$295K	50x
Short	Bybit EDGEUSDT	0.5830	0.0100	get 0.0050% / 4h	1h 54m	$6.9M	$3.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.120%Rate

Funding earned: $0
Price spread: +0.120% → −0.105%: $22.47
Slippage, 4 orders: −$464.95
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$463.47
Costs to cover: 4.859%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 28 min ago; Bybit: 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 ApeX Omni live order book, 28 min ago	18.70 bp	186.5 bp −$186	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	3.45 bp	71.2 bp −$71	231.0 bp −$2,310	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
Lighter EDGE	+0.0096%	1h	0.5813	−0.175%	$54K	$8K	3x	as long as short
Bybit EDGEUSDTshort	+0.0100%	4h	0.5830	+0.120%	$6.9M	$3.3M	25x
Bitget EDGEUSDT	+0.0100%	4h	0.5827	+0.069%	$4.6M	$992K	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5832	+0.158%	$59K	$100K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5808	−0.257%	$189K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5820	−0.058%	$2K	$1.7M	10x	as long as short
ApeX Omni EDGEUSDTlong	+0.0100%	1h	0.5823	long leg	$8K	$295K	50x
SunX EDGE-USDT	+0.0100%	4h	0.5792	−0.532%	$3K	$605K	10x	as long as short
KuCoin EDGEUSDTM	+0.0140%	4h	0.5823	0.000%	$2.1M	$2.3M	50x	as long as short
BloFin EDGE-USDT	+0.0321%	4h	0.5825	+0.034%	$635K	$124K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EDGE-USD	+0.0360%	1h	0.5830	+0.112%	$26K	$230K	5x	as long as short
MEXC EDGE_USDT	+0.0362%	4h	0.5830	+0.120%	$1.2M	$918K	50x	as long as short
Aster EDGEUSDT	+0.0364%	4h	0.5834	+0.182%	$67K	$136K	5x	as long as short
Binance EDGEUSDT	+0.0374%	4h	0.5837	+0.247%	$9.9M	$10.0M	50x	as long as short
edgeX EDGEUSDC	+0.0387%	4h	0.5795	−0.487%	$13.8M	$3.4M	30x	as long as short
OKX EDGE-USDT-SWAP	+0.0428%	4h	0.5845	+0.378%	$3.6M	$5.7M	20x	as long as short
Orderly PERP_EDGE_USDC	+0.0467%	4h	0.5839	+0.275%	$3K	—	10x	as long as short