Funding arb · Price arb /

EDGE

all EDGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0360%/8h= −39.4% APRpaid last 24h −0.096%

Price spread now: ApeX Omni against MEXC−0.519%81s7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$380as 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−$3533.532% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.263%−$26 on $10k

Price spread, last 4 days (all we have)+0.646%+$65 · spread now −0.519%, 7d avg +0.025%

Together, before fees+0.383%+$38 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and ApeX Omni is 0.544% cheaper against MEXC than usual: you would sell low and buy high (−$54 if the spread goes back to its 7-day average of +0.025%). Swap the legs. The two prices were read 81 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	MEXC EDGE_USDT	0.5969	0.0460	pay 0.0230% / 4h	2h 18m	$1.1M	$822K	50x
Short	ApeX Omni EDGEUSDT	0.5938	0.0100	get 0.0013% / 1h	18m 11s	$9K	$295K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now −0.519%Rate

Funding earned: −$75.6
Price spread: −0.519% → +0.025%: −$54.43
Slippage, 4 orders: −$335.22
Fee MEXC: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$483.25
Costs to cover: 3.532%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; ApeX Omni: live order book, 29 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 MEXC live order book, 3 min ago	0.84 bp	6.8 bp −$7	75.5 bp −$755	240.1 bp −$24.0K	693.7 bp −$346.9K
Sell ApeX Omni live order book, 29 min ago	14.35 bp	166.0 bp −$166	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	+0.0023%	1h	0.5978	+0.151%	$59K	$117K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5958	−0.186%	$43K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5960	−0.151%	$7.2M	$3.3M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5965	−0.067%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5965	−0.067%	$4.7M	$1.1M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5946	−0.386%	$188K	$144K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5931	−0.631%	$9K	$2.8M	10x	as long as short
ApeX Omni EDGEUSDTshort	+0.0100%	1h	0.5938	−0.519%	$9K	$295K	50x
SunX EDGE-USDT	+0.0100%	4h	0.5928	−0.687%	$4K	$633K	10x	as long as short
Aster EDGEUSDT	+0.0355%	4h	0.5966	−0.047%	$52K	$155K	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	+0.0423%	4h	0.5980	+0.184%	$656K	$103K	50x	as long as short
MEXC EDGE_USDTlong	+0.0460%	4h	0.5969	long leg	$1.1M	$822K	50x
Extended EDGE-USD	+0.0472%	1h	0.5963	−0.092%	$27K	$87K	5x	as long as short
Binance EDGEUSDT	+0.0473%	4h	0.5968	−0.017%	$10.2M	$10.6M	50x	as long as short
edgeX EDGEUSDC	+0.0491%	4h	0.5962	−0.110%	$14.3M	$3.6M	30x	as long as short
OKX EDGE-USDT-SWAP	+0.0492%	4h	0.5965	−0.067%	$3.7M	$6.0M	20x	as long as short
Orderly PERP_EDGE_USDC	+0.0591%	4h	0.5969	0.000%	$3K	$1K	10x	as long as short