Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0389%/8h= −42.5% APRpaid last 24h −0.050%

Price spread now: ApeX Omni against BloFin+1.300%7-day average −0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$456as in the Funding arb table

Net, price: spread back to 7d avg − costs−$301as in the Price arb table

costs, in and out, $10k−$4374.367% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.193%−$19 on $10k

Price spread, last 3 days (all we have)−1.549%−$155 · spread now +1.300%, 7d avg −0.055%

Together, before fees−1.743%−$174 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 1.355% dearer against BloFin than usual: you sell high and buy low (spread +1.300% now, against its 7-day average of −0.055%): +$136 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 12 days. At the pace of the last 7 days (−0.193% in total) that is about 49 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.193% in total (about -10.1% 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	BloFin EDGE-USDT	0.5846	0.0489	pay 0.0244% / 4h	1h 35m	$623K	$124K	50x
Short	ApeX Omni EDGEUSDT	0.5922	0.0100	get 0.0013% / 1h	35m 17s	$8K	$294K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now +1.300%Rate

Funding earned: −$81.59
Price spread: +1.300% → −0.055%: $135.54
Slippage, 4 orders: −$414.75
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$382.8
Costs to cover: 4.367%
Break-even: never at this rate

Slippage from BloFin: live order book, 46 min ago; ApeX Omni: live order book, 47 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 BloFin live order book, 46 min ago	0.85 bp	21.3 bp −$21	137.4 bp −$1,374	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 47 min ago	18.70 bp	187.6 bp −$188	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
Lighter EDGE	+0.0096%	1h	0.5830	−0.277%	$54K	$8K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5839	−0.120%	$6.9M	$3.3M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5843	−0.051%	$4.7M	$995K	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5842	−0.063%	$59K	$100K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5872	+0.450%	$192K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5888	+0.718%	$2K	$1.8M	10x	as long as short
ApeX Omni EDGEUSDTshort	+0.0100%	1h	0.5922	+1.300%	$8K	$294K	50x
SunX EDGE-USDT	+0.0100%	4h	0.5842	−0.068%	$4K	$606K	10x	as long as short
KuCoin EDGEUSDTM	+0.0222%	4h	0.5839	−0.120%	$2.1M	$2.3M	50x	as long as short
Aster EDGEUSDT	+0.0470%	4h	0.5844	−0.039%	$67K	$136K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC EDGE_USDT	+0.0470%	4h	0.5847	+0.017%	$1.2M	$919K	50x	as long as short
Binance EDGEUSDT	+0.0472%	4h	0.5847	+0.009%	$9.9M	$10.1M	50x	as long as short
Extended EDGE-USD	+0.0472%	1h	0.5846	−0.008%	$27K	$230K	5x	as long as short
BloFin EDGE-USDTlong	+0.0489%	4h	0.5846	long leg	$623K	$124K	50x
OKX EDGE-USDT-SWAP	+0.0516%	4h	0.5848	+0.034%	$3.6M	$5.8M	20x	as long as short
Orderly PERP_EDGE_USDC	+0.0522%	4h	0.5848	+0.034%	$3K	—	10x	as long as short
edgeX EDGEUSDC	+0.0538%	4h	0.5890	+0.760%	$14.1M	$3.4M	30x	as long as short