Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0436%/8h= +47.7% APRpaid last 24h +0.079%

Price spread now: MEXC against ApeX Omni+0.136%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$338as in the Funding arb table

Net, price: spread back to 7d avg − costs−$347as in the Price arb table

costs, in and out, $10k−$3633.626% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.245%+$25 on $10k

Price spread, last 3 days (all we have)−0.264%−$26 · spread now +0.136%, 7d avg −0.017%

Together, before fees−0.019%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and MEXC is 0.152% dearer against ApeX Omni than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.017%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.245% in total (about 12.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni EDGEUSDT	0.5889	0.0100	pay 0.0013% / 1h	49m 23s	$12K	$301K	50x
Short	MEXC EDGE_USDT	0.5897	0.0536	get 0.0268% / 4h	2h 49m	$1.1M	$910K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.136%Rate

Funding earned: $91.56
Price spread: +0.136% → −0.017%: $15.23
Slippage, 4 orders: −$344.64
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$255.84
Costs to cover: 3.626%
Break-even: 26.6 days

Slippage from ApeX Omni: live order book, 18 min ago; MEXC: live order book, 2 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, 18 min ago	9.14 bp	166.1 bp −$166	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.85 bp	10.5 bp −$10	75.9 bp −$759	271.6 bp −$27.2K	899.2 bp −$449.6K

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	0.5888	−0.022%	$49K	$13K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5880	−0.153%	$7.1M	$3.4M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5889	0.000%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5897	+0.136%	$4.7M	$1.0M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5889	+0.008%	$59K	$101K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5877	−0.211%	$190K	$132K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5883	−0.102%	$12K	$1.9M	10x	as long as short
ApeX Omni EDGEUSDTlong	+0.0100%	1h	0.5889	long leg	$12K	$301K	50x
SunX EDGE-USDT	+0.0100%	4h	0.5850	−0.662%	$3K	$618K	10x	as long as short
edgeX EDGEUSDC	+0.0423%	4h	0.5881	−0.143%	$14.1M	$3.6M	30x	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	+0.0425%	4h	0.5894	+0.085%	$3.6M	$5.8M	20x	as long as short
Aster EDGEUSDT	+0.0503%	4h	0.5904	+0.254%	$68K	$132K	5x	as long as short
BloFin EDGE-USDT	+0.0505%	4h	0.5882	−0.119%	$656K	$97K	50x	as long as short
Extended EDGE-USD	+0.0536%	1h	0.5900	+0.180%	$27K	$194K	5x	as long as short
MEXC EDGE_USDTshort	+0.0536%	4h	0.5897	+0.136%	$1.1M	$910K	50x
Binance EDGEUSDT	+0.0536%	4h	0.5890	+0.017%	$10.0M	$10.4M	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0773%	4h	0.5887	−0.034%	$3K	—	10x	as long as short