Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against SunX−4.522%73s7-day average −0.411% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX 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 3 days (all we have)+4.686%+$469 · spread now −4.522%, 7d avg −0.411%

Together, before fees+4.686%+$469 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 4.111% cheaper against SunX than usual: you would sell low and buy high, −$411 on $10k if it goes back to its 7-day average of −0.411%. The two prices were read 73 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	SunX EDGE-USDT	0.6103	0.0100	pay 0.0050% / 4h	2h 47m	$4K	$598K	10x
Short	ApeX Omni EDGEUSDT	0.5827	0.0100	get 0.0013% / 1h	47m 59s	$6K	$295K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 SunXbpFee ApeX OmnibpOrdersPrice spread, now −4.522%Rate

Funding earned: $0
Price spread: −4.522% → −0.411%: −$411.09
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$429.09
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 33 min ago; ApeX Omni: live order book, 39 min ago. Net counts fees only.

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 SunX live order book, 33 min ago	501.45 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 39 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	−0.0730%	1h	0.5830	−4.473%	$59K	$100K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5819	−4.660%	$54K	$9K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5825	−4.555%	$6.9M	$3.2M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5829	−4.490%	$2.1M	$2.3M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5825	−4.555%	$4.6M	$984K	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5814	−4.743%	$190K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5826	−4.539%	$6K	$1.7M	10x	as long as short
ApeX Omni EDGEUSDTshort	+0.0100%	1h	0.5827	−4.522%	$6K	$295K	50x
SunX EDGE-USDTlong	+0.0100%	4h	0.6103	long leg	$4K	$598K	10x
BloFin EDGE-USDT	+0.0156%	4h	0.5815	−4.719%	$628K	$124K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EDGE-USDT-SWAP	+0.0158%	4h	0.5835	−4.391%	$3.6M	$5.7M	20x	as long as short
Aster EDGEUSDT	+0.0165%	4h	0.5834	−4.400%	$67K	$134K	5x	as long as short
edgeX EDGEUSDC	+0.0178%	4h	0.5827	−4.514%	$13.9M	$3.4M	30x	as long as short
Binance EDGEUSDT	+0.0190%	4h	0.5838	−4.350%	$9.9M	$10.0M	50x	as long as short
Extended EDGE-USD	+0.0192%	1h	0.5830	−4.465%	$26K	$230K	5x	as long as short
MEXC EDGE_USDT	+0.0192%	4h	0.5838	−4.342%	$1.2M	$920K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0363%	4h	0.5832	−4.440%	$3K	—	10x	as long as short