Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Binance−0.111%89s7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$139as 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−$1411.408% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 3 days (all we have)+0.153%+$15 · spread now −0.111%, 7d avg +0.035%

Together, before fees+0.175%+$17 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 0.146% cheaper against Binance than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.035%. The two prices were read 89 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	Binance LAYERUSDT	0.07699	0.0100	pay 0.0050% / 4h	3h 44m	$2.1M	$2.4M	50x
Short	ApeX Omni LAYERUSDT	0.07690	0.0100	get 0.0013% / 1h	44m 02s	$26K	$181K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now −0.111%Rate

Funding earned: $0
Price spread: −0.111% → +0.035%: −$14.61
Slippage, 4 orders: −$120.8
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$155.42
Costs to cover: 1.408%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; ApeX Omni: live order book, 27 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 Binance live order book, 6 min ago	1.30 bp	23.3 bp −$23	160.7 bp −$1,607	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 27 min ago	19.52 bp	42.9 bp −$43	doesn't fit	doesn't fit	doesn't fit

LAYER on 13 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
Kraken Futures PF_LAYERUSD	−0.0784%	1h	0.07700	+0.016%	$8K	$964	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.515%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07708	+0.122%	$596K	$168K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07708	+0.121%	$10K	$3K	5x	as long as short
Binance LAYERUSDTlong	+0.0100%	4h	0.07699	long leg	$2.1M	$2.4M	50x
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07697	−0.021%	$708K	$688K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07702	+0.044%	$138K	$52K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07697	−0.021%	$341K	$115K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07703	+0.057%	$1.1M	$165K	50x	as long as short
BingX LAYER-USDT	+0.0100%	4h	0.07702	+0.044%	—	$1.6M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni LAYERUSDTshort	+0.0100%	1h	0.07690	−0.111%	$26K	$181K	50x
Extended LAYER-USD	+0.0104%	1h	0.07704	+0.073%	$2K	$176K	5x	as long as short
BloFin LAYER-USDT	+0.0139%	4h	0.07694	−0.059%	$113K	$14K	50x	as long as short