Funding arb · Price arb /

S

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against ApeX Omni−0.704%7-day average −0.088% · you buy dearer than you sell

Net, funding: paid 7d − costs−$289as in the Funding arb table

Net, price: spread back to 7d avg − costs−$351as in the Price arb table

costs, in and out, $10k−$2892.895% of the position

Long on ApeX Omni Short on Gate

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)+0.334%+$33 · spread now −0.704%, 7d avg −0.088%

Together, before fees+0.334%+$33 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: Gate is 0.615% cheaper against ApeX Omni than usual: you would sell low and buy high, −$62 on $10k if it goes back to its 7-day average of −0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SUSDT	0.03980	0.0100	pay 0.0013% / 1h	55m 16s	$26K	$446K	50x
Short	Gate S_USDT	0.03952	0.0100	get 0.0050% / 4h	2h 55m	$326K	$199K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.704%Rate

Funding earned: $0
Price spread: −0.704% → −0.088%: −$61.55
Slippage, 4 orders: −$264.47
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$351.02
Costs to cover: 2.895%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 12 min ago; Gate: live order book, 10 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, 12 min ago	25.00 bp	91.1 bp −$91	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 10 min ago	8.76 bp	91.4 bp −$91	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
Coinbase International S-PERP-INTX	−0.1464%	1h	0.03946	−0.854%	$49K	$5K	25x	as long as short
Kraken Futures PF_SUSD	−0.1282%	1h	0.03954	−0.665%	$34K	$23K	10x	as long as short
Variational Omni S	−0.0631%	4h	0.03947	−0.819%	$614K	$30K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03960	−0.503%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03955	−0.624%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03961	−0.487%	$610	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+3.015%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0038%	4h	0.03957	−0.578%	$101K	$331K	10x	as long as short
01 Exchange SUSD	+0.0048%	1h	0.03960	−0.503%	$25K	$2K	5x	as long as short
Lighter S	+0.0096%	1h	0.03961	−0.477%	$163K	$164K	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	0.03958	−0.543%	$990K	$624K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03961	−0.489%	$43K	$141K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03960	−0.503%	$5.4M	$15.4M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03954	−0.653%	$5.6M	$4.9M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03960	−0.503%	$965K	$4.3M	20x	as long as short
Gate S_USDTshort	+0.0100%	4h	0.03952	−0.704%	$326K	$199K	50x
MEXC S_USDT	+0.0100%	4h	0.03959	−0.528%	$3.6M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03955	−0.628%	$1.8M	$2.9M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03959	−0.528%	$1.2M	$2.4M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03956	−0.603%	—	$6.7M	—	as long as short
ApeX Omni SUSDTlong	+0.0100%	1h	0.03980	long leg	$26K	$446K	50x
Extended S-USD	+0.0104%	1h	0.03955	−0.639%	$223K	$1.1M	10x	as long as short
Backpack S_USDC_PERP	+0.0165%	1h	0.03960	−0.503%	$115K	$329K	5x	as long as short
Deribit S_USDC-PERPETUAL	+0.0255%	1h	0.03961	−0.477%	$67K	$10K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03952	−0.704%	$268K	$119K	75x	as long as short