Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: GRVT against ApeX Omni−0.117%7-day average +0.149% · you buy dearer than you sell

Net, funding: paid 7d − costs−$489as in the Funding arb table

Net, price: spread back to 7d avg − costs−$515as in the Price arb table

costs, in and out, $10k−$4894.885% of the position

Long on ApeX Omni Short on GRVT

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.117%, 7d avg +0.149%

Together, before fees+0.023%+ Points / potential airdropGRVT: Active · farm board+$2 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: GRVT is 0.266% cheaper against ApeX Omni than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of +0.149%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni EDGEUSDT	0.5978	0.0100	pay 0.0013% / 1h	28m 38s	$9K	$305K	50x
Short	GRVT EDGE_USDT_Perp	0.5971	0.0100	get 0.0050% / 4h	28m 38s	$4K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.117%Rate

Funding earned: $0
Price spread: −0.117% → +0.149%: −$26.57
Slippage, 4 orders: −$469.52
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$515.09
Costs to cover: 4.885%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 29 min ago; GRVT: 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, 29 min ago	16.09 bp	174.0 bp −$174	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 5 min ago	2.51 bp	62.8 bp −$63	doesn't fit	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	−0.0111%	1h	0.5972	−0.094%	$57K	$109K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5962	−0.273%	$43K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5966	−0.201%	$7.2M	$3.4M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5969	−0.151%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5967	−0.184%	$4.7M	$1.1M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5960	−0.293%	$189K	$136K	—	as long as short
GRVT EDGE_USDT_Perpshort	+0.0100%	4h	0.5971	−0.117%	$4K	$2.3M	10x
ApeX Omni EDGEUSDTlong	+0.0100%	1h	0.5978	long leg	$9K	$305K	50x
SunX EDGE-USDT	+0.0100%	4h	0.5930	−0.803%	$3K	$628K	10x	as long as short
BloFin EDGE-USDT	+0.0369%	4h	0.5973	−0.084%	$660K	$103K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EDGE-USDT-SWAP	+0.0407%	4h	0.5983	+0.084%	$3.7M	$5.9M	20x	as long as short
Extended EDGE-USD	+0.0416%	1h	0.5971	−0.117%	$27K	$193K	5x	as long as short
MEXC EDGE_USDT	+0.0418%	4h	0.5971	−0.117%	$1.1M	$890K	50x	as long as short
Binance EDGEUSDT	+0.0419%	4h	0.5971	−0.113%	$10.3M	$10.5M	50x	as long as short
edgeX EDGEUSDC	+0.0421%	4h	0.5972	−0.105%	$14.3M	$3.6M	30x	as long as short
Aster EDGEUSDT	+0.0472%	4h	0.5969	−0.151%	$68K	$132K	5x	as long as short
Orderly PERP_EDGE_USDC	+0.0568%	4h	0.5973	−0.084%	$3K	—	10x	as long as short