Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0308%/8h= +33.8% APRpaid last 24h +0.038%

Price spread now: OKX against ApeX Omni+0.085%70s7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$402as 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−$4114.106% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.082%+$8 on $10k

Price spread, last 3 days (all we have)−0.216%−$22 · spread now +0.085%, 7d avg +0.008%

Together, before fees−0.134%−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and OKX is 0.077% dearer against ApeX Omni than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.008%. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.082% in total (about 4.3% 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	0.5892	0.0100	pay 0.0013% / 1h	50m 25s	$12K	$301K	50x
Short	OKX EDGE-USDT-SWAP	0.5897	0.0408	get 0.0204% / 4h	2h 50m	$3.6M	$5.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.085%Rate

Funding earned: $64.77
Price spread: +0.085% → +0.008%: $7.69
Slippage, 4 orders: −$390.65
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$338.19
Costs to cover: 4.106%
Break-even: 43.6 days

Slippage from ApeX Omni: live order book, 17 min ago; OKX: 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, 17 min ago	9.14 bp	166.1 bp −$166	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	4.24 bp	34.1 bp −$34	158.7 bp −$1,587	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	+0.0035%	1h	0.5885	−0.112%	$59K	$101K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5875	−0.294%	$49K	$13K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5883	−0.153%	$7.1M	$3.4M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5883	−0.153%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5886	−0.102%	$4.7M	$1.0M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5877	−0.262%	$190K	$132K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5883	−0.153%	$12K	$1.9M	10x	as long as short
ApeX Omni EDGEUSDTlong	+0.0100%	1h	0.5892	long leg	$12K	$301K	50x
SunX EDGE-USDT	+0.0100%	4h	0.5850	−0.713%	$3K	$618K	10x	as long as short
OKX EDGE-USDT-SWAPshort	+0.0408%	4h	0.5897	+0.085%	$3.6M	$5.8M	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EDGEUSDC	+0.0423%	4h	0.5881	−0.194%	$14.1M	$3.6M	30x	as long as short
Aster EDGEUSDT	+0.0503%	4h	0.5893	+0.023%	$68K	$132K	5x	as long as short
BloFin EDGE-USDT	+0.0505%	4h	0.5882	−0.170%	$656K	$97K	50x	as long as short
MEXC EDGE_USDT	+0.0530%	4h	0.5887	−0.085%	$1.1M	$910K	50x	as long as short
Extended EDGE-USD	+0.0536%	1h	0.5893	+0.020%	$27K	$194K	5x	as long as short
Binance EDGEUSDT	+0.0536%	4h	0.5889	−0.043%	$10.0M	$10.4M	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0767%	4h	0.5890	−0.034%	$3K	—	10x	as long as short