Settings8H · net · $10k
Funding arb · Price arb /

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%
Price spread now: Binance against ApeX Omni−0.068%79s7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$181as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1711.712% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.094%−$9 on $10k
Price spread, last 3 days (all we have)−0.546%−$55 · spread now −0.068%, 7d avg −0.058%
Together, before fees−0.640%−$64 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni SUSDT0.039200.0100pay 0.0013% / 1h54m 11s$23K$469K50x
ShortBinance SUSDT0.039170.0100get 0.0050% / 4h1h 54m$5.3M$22.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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

Funding earned
$0
Price spread: −0.068% → −0.058%
−$1.03
Slippage, 4 orders
−$151.16
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$172.19
Costs to cover
1.712%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 28 min ago; Binance: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 28 min ago25.51 bp56.5 bp −$56doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 2 min ago2.55 bp15.9 bp −$1657.1 bp −$571doesn't fitdoesn't fit

S on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SUSD−0.1596%1h0.03917−0.085%$33K$30K10xas long as short
Coinbase International S-PERP-INTX−0.1576%1h0.03826−2.398%$47K$5K25xas long as short
Variational Omni S−0.0793%4h0.03918−0.047%$609K$34Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0193% / S +0.0187%1h0.03924+0.105%$1K100xas long as short
01 Exchange SUSD−0.0192%1h0.039200.000%$24K$3K5xas long as short
Reya SRUSDPERP−0.0101%1h0.03920−0.007%$415xas long as short
Deribit S_USDC-PERPETUAL0.0000%1h0.03922+0.051%$66K$10K10xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03925+0.137%$605150xas long as short
Orderly PERP_S_USDC+0.0020%4h0.039200.000%$100K$349K10xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+4.592%$2K$37K12xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0034%1h0.03922+0.051%$984K$787K5xas long as short
Aster SUSDT+0.0043%4h0.03926+0.147%$43K$212K10xas long as short
Lighter S+0.0096%1h0.03923+0.077%$164K$222K5xas long as short
Binance SUSDTshort+0.0100%4h0.03917−0.068%$5.3M$22.1M75x
Bybit SUSDT+0.0100%4h0.03909−0.281%$5.6M$6.2M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.03910−0.255%$977K$6.9M20xas long as short
Gate S_USDT+0.0100%4h0.03917−0.077%$320K$265K50xas long as short
MEXC S_USDT+0.0100%4h0.03916−0.102%$3.6M$2.3M200xas long as short
KuCoin SUSDTM+0.0100%4h0.03922+0.051%$1.8M$3.1M50xas long as short
Bitget SUSDT+0.0100%4h0.03918−0.051%$1.2M$2.8M50xas long as short
BingX S-USDT+0.0100%4h0.03921+0.026%$6.8Mas long as short
ApeX Omni SUSDTlong+0.0100%1h0.03920long leg$23K$469K50x
Extended S-USD+0.0104%1h0.03917−0.087%$221K$883K10xas long as short
BloFin S-USDT+0.0340%4h0.03918−0.051%$268K$132K75xas long as short
Backpack S_USDC_PERP+0.0363%1h0.03930+0.255%$114K$298K5xas long as short