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 Bitget−0.039%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1461.462% of the position

Long on Bitget 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)+0.051%+$5 · spread now −0.039%, 7d avg +0.001%

Together, before fees+0.051%+$5 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 0.040% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LAYERUSDT	0.07693	0.0100	pay 0.0050% / 4h	3h 49m	$1.1M	$166K	50x
Short	ApeX Omni LAYERUSDT	0.07690	0.0100	get 0.0013% / 1h	49m 28s	$26K	$183K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → +0.001%: −$3.96
Slippage, 4 orders: −$124.2
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$150.16
Costs to cover: 1.462%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; ApeX Omni: live order book, 21 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 Bitget live order book, 2 min ago	7.81 bp	25.7 bp −$26	142.1 bp −$1,421	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 21 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	0.07701	+0.102%	$8K	$964	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.447%	—	$18K	5.5x	as long as short
BloFin LAYER-USDT	+0.0092%	4h	0.07685	−0.104%	$113K	$14K	50x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07705	+0.152%	$595K	$168K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07693	−0.002%	$9K	$3K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07694	+0.008%	$2.1M	$2.4M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07696	+0.039%	$708K	$695K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07696	+0.039%	$137K	$52K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07693	0.000%	$341K	$115K	20x	as long as short
Bitget LAYERUSDTlong	+0.0100%	4h	0.07693	long leg	$1.1M	$166K	50x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX LAYER-USDT	+0.0100%	4h	0.07701	+0.104%	—	$1.6M	—	as long as short
ApeX Omni LAYERUSDTshort	+0.0100%	1h	0.07690	−0.039%	$26K	$183K	50x
Extended LAYER-USD	+0.0104%	1h	0.07693	+0.002%	$2K	$176K	5x	as long as short