Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1726 | +0.0126 | pay 0.0016% / 1h | 57m 43s | $33K | $214K | 50x | Long ApeX Omni5% off | |
| SHORT | 0.1739 | +0.0100 | get 0.0013% / 1h | 57m 43s | $17K | $481K | 20x | Short Bullet |
Price gap+0.765%
Funding gap−0.0026% /8h
The gap pays +$75 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 3 months. At the last 7 days' pace that is about 18 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$30−0.0026% /8h now · paid −0.297% over the last 7D
Price+$75spread +0.765% now, avg +0.010% → +0.754% if it goes back
Costs−$380.380% of $10k · taker + slippage, in and out
Result+$8+0.08%+ Points / potential airdropBullet: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.765%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hENA on 44 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- Watch: Thin at this size16.4 / 2.7 bpAt $10k entering ApeX Omni costs 16.4 bp, fee and slippage, 6.1× Bullet’s.
- Note: Margin at max leverage$200 + $500ApeX Omni 50x, Bullet 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$0.78Long ApeX Omni: 24 payments, −$3.78; short Bullet: 24 payments, +$3.00.
- OK: Entry gap works for you+0.765% vs +0.010%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$17K vs $33K OIBullet sets your exit cost. Check its book before closing.
- OK: Points on a legBullet pointsVolume here counts toward the points program.
- OK: No KYC on either legApeX Omni No · Bullet NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0141%/8h × 21 periods−$29.69
Price spread+0.765% → +0.010% (7d avg)+$75.43
Slippage, 4 orderslive order books−$28.02
Fee ApeX Omni bp × 2 orders−$10.00
Fee Bullet bp × 2 orders$0.00
Net · 7 days · $10k+$7.72
Costs to cover0.380%Break-evenfrom the start
Slippage: ApeX Omni: live order book, 50 min ago; Bullet: live order book, 30 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGApeX Omni8.7216.4 bp−$16106.6 bp−$1,066doesn’t fitdoesn’t fit
SELL · SHORTBullet2.692.7 bp−$35.8 bp−$58doesn’t fitdoesn’t fit
Closing costs about the same again.
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