Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Bitget+0.358%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$416as in the Funding arb table

Net, price: spread back to 7d avg − costs−$389as in the Price arb table

costs, in and out, $10k−$4164.159% of the position

Long on Bitget Short on ApeX Omni

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)+0.347%+$35 · spread now +0.358%, 7d avg +0.085%

Together, before fees+0.347%+$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: ApeX Omni is 0.273% dearer against Bitget than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of +0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget EDGEUSDT	0.5872	0.0100	pay 0.0050% / 4h	2h 09m	$4.7M	$1.1M	20x
Short	ApeX Omni EDGEUSDT	0.5893	0.0100	get 0.0013% / 1h	9m 00s	$9K	$303K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now +0.358%Rate

Funding earned: $0
Price spread: +0.358% → +0.085%: $27.31
Slippage, 4 orders: −$393.87
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$388.55
Costs to cover: 4.159%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; ApeX Omni: live order book, 58 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 Bitget live order book, 4 min ago	5.11 bp	40.3 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 58 min ago	9.14 bp	179.3 bp −$179	doesn't fit	doesn't fit	doesn't fit

EDGE on 16 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	0.5860	−0.211%	$43K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5863	−0.153%	$7.0M	$3.4M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5876	+0.068%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDTlong	+0.0100%	4h	0.5872	long leg	$4.7M	$1.1M	20x
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5868	−0.065%	$58K	$105K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5877	+0.093%	$189K	$131K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5886	+0.242%	$7K	$2.0M	10x	as long as short
ApeX Omni EDGEUSDTshort	+0.0100%	1h	0.5893	+0.358%	$9K	$303K	50x
SunX EDGE-USDT	+0.0100%	4h	0.5838	−0.579%	$3K	$620K	10x	as long as short
OKX EDGE-USDT-SWAP	+0.0436%	4h	0.5876	+0.068%	$3.6M	$5.8M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EDGEUSDC	+0.0462%	4h	0.5887	+0.254%	$14.1M	$3.6M	30x	as long as short
Extended EDGE-USD	+0.0488%	1h	0.5868	−0.068%	$27K	$199K	5x	as long as short
Binance EDGEUSDT	+0.0489%	4h	0.5870	−0.032%	$10.0M	$10.4M	50x	as long as short
Aster EDGEUSDT	+0.0491%	4h	0.5874	+0.027%	$68K	$132K	5x	as long as short
MEXC EDGE_USDT	+0.0492%	4h	0.5869	−0.051%	$1.1M	$912K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0698%	4h	0.5866	−0.102%	$3K	—	10x	as long as short