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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.1564%/8h= −171.3% APRnext payment $1.96 per $10,000 · paid last 24h −0.611%
Price spread now: Coinbase International against ApeX Omni−1.179%75s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$47 a day on $10k at the current rate, and Coinbase International is 1.179% cheaper against ApeX Omni than usual: you would sell low and buy high (−$118 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni SUSDT0.040700.0100pay 0.0013% / 1h6m 02s$24K$446K50x
ShortCoinbase International S-PERP-INTX0.04022−0.1464pay 0.0183% / 1h6m 02s$48K$16K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
−$328.44
Price spread: −1.179% → 0.000%
−$117.94
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$466.38
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 61 min ago; Coinbase International: no order-book sample. Net counts fees only.

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, 61 min ago25.00 bp91.1 bp −$91doesn't fitdoesn't fitdoesn't fit
Sell Coinbase International no order-book sample
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

S on 24 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
01 Exchange SUSD−0.8936%1h0.03950−2.948%$24K$2K5xas long as short
Coinbase International S-PERP-INTXshort−0.1464%1h0.04022−1.179%$48K$16K25x
Kraken Futures PF_SUSD−0.1247%1h0.04064−0.153%$34K$16K10xas long as short
Variational Omni S−0.0372%4h0.04063−0.165%$632K$30Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04072+0.044%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.04068−0.042%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04072+0.037%$2K150xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+0.737%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0052%4h0.04069−0.025%$101K$332K10xas long as short
Lighter S+0.0096%1h0.04072+0.049%$169K$167K5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04069−0.017%$1.0M$562K5xas long as short
Aster SUSDT+0.0100%4h0.04070−0.007%$45K$134K10xas long as short
Binance SUSDT+0.0100%4h0.04067−0.074%$5.6M$14.6M75xas long as short
Bybit SUSDT+0.0100%4h0.04063−0.172%$5.8M$4.7M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04066−0.098%$1.0M$4.1M20xas long as short
Gate S_USDT+0.0100%4h0.04068−0.049%$335K$206K50xas long as short
MEXC S_USDT+0.0100%4h0.04068−0.049%$4.0M$1.9M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04069−0.025%$1.9M$2.7M50xas long as short
Bitget SUSDT+0.0100%4h0.04072+0.049%$1.2M$2.3M50xas long as short
BingX S-USDT+0.0100%4h0.04068−0.049%$6.8Mas long as short
ApeX Omni SUSDTlong+0.0100%1h0.04070long leg$24K$446K50x
Extended S-USD+0.0104%1h0.04066−0.098%$229K$1.1M10xas long as short
Deribit S_USDC-PERPETUAL+0.0241%1h0.04073+0.074%$68K$10K10xas long as short
Backpack S_USDC_PERP+0.0943%1h0.04080+0.246%$119K$349K5xas long as short