Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Bybit+0.284%7-day average +0.118% · you sell dearer than you buy

Net, funding: paid 7d − costs−$574as in the Funding arb table

Net, price: spread back to 7d avg − costs−$559as in the Price arb table

costs, in and out, $10k−$5755.755% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.284%, 7d avg +0.118%

Together, before fees−0.059%−$6 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 0.165% dearer against Bybit than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.118%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit EDGEUSDT	0.5987	0.0100	pay 0.0050% / 4h	1h 38m	$7.2M	$3.4M	25x
Short	ApeX Omni EDGEUSDT	0.6004	0.0100	get 0.0013% / 1h	38m 59s	$9K	$295K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now +0.284%Rate

Funding earned: $0
Price spread: +0.284% → +0.118%: $16.55
Slippage, 4 orders: −$554.48
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$558.93
Costs to cover: 5.755%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; ApeX Omni: live order book, 3 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 Bybit live order book, 4 min ago	2.50 bp	118.4 bp −$118	394.9 bp −$3,949	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 3 min ago	14.15 bp	166.6 bp −$167	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	−0.0470%	1h	0.5997	+0.172%	$59K	$120K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5989	+0.028%	$44K	$22K	3x	as long as short
Bybit EDGEUSDTlong	+0.0100%	4h	0.5987	long leg	$7.2M	$3.4M	25x
KuCoin EDGEUSDTM	+0.0100%	4h	0.5999	+0.200%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5998	+0.184%	$4.8M	$1.1M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5992	+0.083%	$190K	$144K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.6010	+0.384%	$7K	$2.9M	10x	as long as short
ApeX Omni EDGEUSDTshort	+0.0100%	1h	0.6004	+0.284%	$9K	$295K	50x
SunX EDGE-USDT	+0.0100%	4h	0.5959	−0.468%	$3K	$642K	10x	as long as short
Aster EDGEUSDT	+0.0330%	4h	0.6000	+0.222%	$53K	$156K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin EDGE-USDT	+0.0475%	4h	0.5995	+0.134%	$666K	$106K	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0479%	4h	0.6009	+0.367%	$3.8M	$6.1M	20x	as long as short
Binance EDGEUSDT	+0.0494%	4h	0.5997	+0.167%	$10.3M	$10.8M	50x	as long as short
Extended EDGE-USD	+0.0496%	1h	0.6006	+0.309%	$29K	$84K	5x	as long as short
edgeX EDGEUSDC	+0.0498%	4h	0.6013	+0.426%	$14.4M	$3.7M	30x	as long as short
MEXC EDGE_USDT	+0.0502%	4h	0.5999	+0.200%	$1.1M	$801K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0624%	4h	0.6000	+0.217%	$2K	$1K	10x	as long as short