Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against ApeX Omni+0.074%7-day average −0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$178as in the Funding arb table

Net, price: spread back to 7d avg − costs−$164as in the Price arb table

costs, in and out, $10k−$1781.780% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.690%−$69 · spread now +0.074%, 7d avg −0.067%

Together, before fees−0.693%−$69 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: BingX is 0.141% dearer against ApeX Omni than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SUSDT	0.04030	0.0100	pay 0.0013% / 1h	29m 05s	$24K	$459K	50x
Short	BingX S-USDT	0.04033	0.0100	get 0.0050% / 4h	29m 05s	—	$6.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.074%Rate

Funding earned: $0
Price spread: +0.074% → −0.067%: $14.14
Slippage, 4 orders: −$157.97
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$163.83
Costs to cover: 1.780%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 28 min ago; BingX: live order book, 8 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, 28 min ago	24.51 bp	54.5 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	6.17 bp	21.1 bp −$21	64.7 bp −$647	341.0 bp −$34.1K	714.3 bp −$357.1K

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
01 Exchange SUSD	−0.7624%	1h	0.03920	−2.730%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2535%	1h	0.04027	−0.064%	$33K	$13K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1376%	1h	0.03986	−1.092%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04031	+0.030%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04029	−0.016%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04034	+0.094%	$3K	—	150x	as long as short
Variational Omni S	+0.0020%	4h	0.04025	−0.117%	$624K	$30K	—	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+1.737%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0064%	4h	0.04035	+0.124%	$100K	$298K	10x	as long as short
Lighter S	+0.0096%	1h	0.04032	+0.050%	$169K	$156K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04028	−0.047%	$1.0M	$555K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04036	+0.146%	$44K	$131K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04023	−0.174%	$5.5M	$13.7M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04019	−0.273%	$5.8M	$4.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04021	−0.223%	$1.0M	$3.9M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04032	+0.050%	$331K	$188K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04032	+0.050%	$3.8M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04033	+0.074%	$1.9M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04029	−0.025%	$1.2M	$2.1M	50x	as long as short
BingX S-USDTshort	+0.0100%	4h	0.04033	+0.074%	—	$6.8M	—
ApeX Omni SUSDTlong	+0.0100%	1h	0.04030	long leg	$24K	$459K	50x
Extended S-USD	+0.0104%	1h	0.04029	−0.014%	$231K	$1.1M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04040	+0.248%	$279K	$98K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0742%	1h	0.04038	+0.199%	$68K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.0997%	1h	0.04040	+0.248%	$117K	$404K	5x	as long as short