Funding arb · Price arb /

EDGE

all EDGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.055%

Price spread now: ApeX Omni against Binance−0.202%69s7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$468as 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−$4464.462% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.219%−$22 on $10k

Price spread, last 3 days (all we have)+0.321%+$32 · spread now −0.202%, 7d avg +0.010%

Together, before fees+0.102%+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and ApeX Omni is 0.212% cheaper against Binance than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.010%). Swap the legs. 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	Binance EDGEUSDT	0.5839	0.0204	pay 0.0102% / 4h	2h 46m	$9.9M	$10.0M	50x
Short	ApeX Omni EDGEUSDT	0.5827	0.0100	get 0.0013% / 1h	46m 27s	$6K	$295K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now −0.202%Rate

Funding earned: −$21.83
Price spread: −0.202% → +0.010%: −$21.2
Slippage, 4 orders: −$426.23
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$489.26
Costs to cover: 4.462%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; ApeX Omni: live order book, 40 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 Binance live order book, 8 min ago	1.72 bp	27.0 bp −$27	247.7 bp −$2,477	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 40 min ago	6.78 bp	189.4 bp −$189	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	−0.0724%	1h	0.5826	−0.221%	$59K	$100K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5819	−0.342%	$54K	$9K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5827	−0.202%	$6.9M	$3.2M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5828	−0.185%	$2.1M	$2.3M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5831	−0.133%	$4.6M	$985K	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5814	−0.433%	$190K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5828	−0.189%	$6K	$1.7M	10x	as long as short
ApeX Omni EDGEUSDTshort	+0.0100%	1h	0.5827	−0.202%	$6K	$295K	50x
SunX EDGE-USDT	+0.0100%	4h	0.6098	+4.439%	$4K	$598K	10x	as long as short
OKX EDGE-USDT-SWAP	+0.0156%	4h	0.5839	+0.004%	$3.6M	$5.7M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EDGEUSDC	+0.0157%	4h	0.5826	−0.222%	$13.9M	$3.4M	30x	as long as short
BloFin EDGE-USDT	+0.0169%	4h	0.5829	−0.168%	$633K	$125K	50x	as long as short
Aster EDGEUSDT	+0.0174%	4h	0.5836	−0.041%	$67K	$134K	5x	as long as short
MEXC EDGE_USDT	+0.0190%	4h	0.5837	−0.031%	$1.2M	$920K	50x	as long as short
Extended EDGE-USD	+0.0192%	1h	0.5832	−0.125%	$26K	$230K	5x	as long as short
Binance EDGEUSDTlong	+0.0204%	4h	0.5839	long leg	$9.9M	$10.0M	50x
Orderly PERP_EDGE_USDC	+0.0366%	4h	0.5837	−0.031%	$3K	—	10x	as long as short