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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.3% APRnext payment $0.08 per $10,000 · paid last 24h −0.020%
Price spread now: Injective against ApeX Omni+4.592%7-day average · you sell dearer than you buy
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 7 days−0.075%−$8 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. Injective is 4.592% dearer against ApeX Omni than usual: you sell high and buy low (spread +4.592% now, against zero (this spread has no 7-day history yet)): +$459 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8 months.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni SUSDT0.039200.0100pay 0.0013% / 1h27m 44s$25K$454K50x
ShortInjective S/USDC PERP0.041000.0033get 0.0004% / 1h27m 44s$2K$37K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
−$14
Price spread: +4.592% → 0.000%
$459.18
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$435.16
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: ApeX Omni: live order book, 50 min ago; Injective: 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, 50 min ago12.80 bp61.9 bp −$62doesn't fitdoesn't fitdoesn't fit
Sell Injective no order-book sample
Injective: 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 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
01 Exchange SUSD−0.6080%1h0.03850−1.786%$23K$2K5xas long as short
Kraken Futures PF_SUSD−0.2131%1h0.03914−0.155%$33K$25K10xas long as short
Coinbase International S-PERP-INTX−0.1336%1h0.03826−2.398%$47K$5K25xas long as short
Variational Omni S−0.0995%4h0.03911−0.228%$608K$31Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0202% / S +0.0195%1h0.03922+0.051%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.03917−0.075%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03921+0.033%$604150xas long as short
Deribit S_USDC-PERPETUAL+0.0005%1h0.03922+0.051%$66K$10K10xas long as short
Orderly PERP_S_USDC+0.0029%4h0.03918−0.051%$100K$340K10xas long as short
Injective S/USDC PERPshort+0.0033%1h0.04100+4.592%$2K$37K12x
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter S+0.0096%1h0.03915−0.128%$164K$217K5xas long as short
Hyperliquid S+0.0100%1h0.03916−0.107%$981K$695K5xas long as short
Aster SUSDT+0.0100%4h0.03927+0.179%$43K$145K10xas long as short
Binance SUSDT+0.0100%4h0.03910−0.253%$5.3M$17.3M75xas long as short
Bybit SUSDT+0.0100%4h0.03908−0.306%$5.6M$5.3M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.03909−0.281%$979K$4.9M20xas long as short
Gate S_USDT+0.0100%4h0.03917−0.077%$320K$259K50xas long as short
MEXC S_USDT+0.0100%4h0.03913−0.179%$3.6M$1.9M200xas long as short
KuCoin SUSDTM+0.0100%4h0.03915−0.128%$1.8M$2.9M50xas long as short
Bitget SUSDT+0.0100%4h0.03918−0.051%$1.2M$2.5M50xas long as short
BingX S-USDT+0.0100%4h0.03914−0.153%$6.7Mas long as short
Backpack S_USDC_PERP+0.0100%1h0.039200.000%$114K$312K5xas long as short
ApeX Omni SUSDTlong+0.0100%1h0.03920long leg$25K$454K50x
Extended S-USD+0.0104%1h0.03913−0.178%$220K$877K10xas long as short
BloFin S-USDT+0.0340%4h0.03916−0.102%$267K$126K75xas long as short