Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0079%/8h= −8.6% APRpaid last 24h −0.127%

Price spread now: Aster against ApeX Omni−0.210%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$225as in the Price arb table

costs, in and out, $10k−$2022.022% of the position

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.301%−$30 on $10k

Price spread, last 3 days (all we have)−0.215%−$22 · spread now −0.210%, 7d avg +0.013%

Together, before fees−0.516%+ Points / potential airdropAster: Stage 5 · farm board−$52 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.223% cheaper against ApeX Omni than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.013%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SUSDT	0.03940	0.0100	pay 0.0013% / 1h	12m 51s	$25K	$471K	50x
Short	Aster SUSDT	0.03932	0.0021	get 0.0011% / 4h	2h 12m	$43K	$212K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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 ApeX OmnibpFee AsterbpOrdersPrice spread, now −0.210%Rate

Funding earned: −$16.5
Price spread: −0.210% → +0.013%: −$22.32
Slippage, 4 orders: −$184.19
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$241.01
Costs to cover: 2.022%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 10 min ago; Aster: live order book, 9 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 ApeX Omni live order book, 10 min ago	25.51 bp	56.5 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 9 min ago	10.19 bp	34.7 bp −$35	doesn't fit	doesn't fit	doesn't fit

S on 25 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_SUSD	−0.1452%	1h	0.03931	−0.217%	$33K	$30K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1264%	1h	0.03826	−2.893%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0878%	4h	0.03928	−0.309%	$611K	$34K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0191% / S +0.0185%	1h	0.03933	−0.183%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03928	−0.296%	$4	—	15x	as long as short
Orderly PERP_S_USDC	−0.0011%	4h	0.03931	−0.228%	$99K	$343K	10x	as long as short
01 Exchange SUSD	0.0000%	1h	0.03930	−0.254%	$24K	$3K	5x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03933	−0.188%	$606	—	150x	as long as short
Aster SUSDTshort	+0.0021%	4h	0.03932	−0.210%	$43K	$212K	10x
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.061%	$2K	$37K	12x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter S	+0.0096%	1h	0.03934	−0.152%	$165K	$240K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.03928	−0.297%	$993K	$900K	5x	as long as short
Binance SUSDT	+0.0100%	4h	0.03927	−0.323%	$5.4M	$23.3M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03921	−0.482%	$5.6M	$6.3M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03923	−0.431%	$979K	$7.3M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03929	−0.279%	$321K	$292K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03929	−0.279%	$3.5M	$2.6M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03924	−0.406%	$1.8M	$3.1M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03933	−0.178%	$1.2M	$2.9M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03928	−0.305%	—	$6.8M	—	as long as short
ApeX Omni SUSDTlong	+0.0100%	1h	0.03940	long leg	$25K	$471K	50x
Extended S-USD	+0.0104%	1h	0.03923	−0.427%	$221K	$883K	10x	as long as short
Deribit S_USDC-PERPETUAL	+0.0258%	1h	0.03936	−0.102%	$66K	$10K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03934	−0.152%	$269K	$159K	75x	as long as short
Backpack S_USDC_PERP	+0.0389%	1h	0.03940	0.000%	$115K	$294K	5x	as long as short