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

S

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.012%
Price spread now: KuCoin against ApeX Omni−0.102%52s7-day average −0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$318as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$3133.131% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.048%−$5 on $10k
Price spread, last 3 days (all we have)−0.554%−$55 · spread now −0.102%, 7d avg −0.110%
Together, before fees−0.602%−$60 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni SUSDT0.039300.0100pay 0.0013% / 1h20m 33s$25K$471K50x
ShortKuCoin SUSDTM0.039260.0100get 0.0050% / 4h2h 20m$1.8M$3.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: −0.102% → −0.110%
$0.83
Slippage, 4 orders
−$291.06
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$312.23
Costs to cover
3.131%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 2 min ago; KuCoin: 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, 2 min ago25.51 bp56.5 bp −$56doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 2 min ago3.83 bp104.2 bp −$104251.4 bp −$2,514doesn'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−0.1452%1h0.03930+0.005%$33K$30K10xas long as short
Coinbase International S-PERP-INTX−0.1264%1h0.03826−2.646%$47K$5K25xas long as short
Variational Omni S−0.0986%4h0.03913−0.436%$607K$34Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0190% / S +0.0184%1h0.03932+0.056%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.03925−0.132%$415xas long as short
Orderly PERP_S_USDC−0.0015%4h0.03931+0.025%$101K$337K10xas long as short
Deribit S_USDC-PERPETUAL−0.0004%1h0.03932+0.051%$66K$10K10xas long as short
01 Exchange SUSD0.0000%1h0.039300.000%$24K$3K5xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03931+0.033%$606150xas long as short
Aster SUSDT+0.0002%4h0.03932+0.059%$43K$212K10xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective S/USDC PERP+0.0033%1h0.04100+4.326%$2K$37K12xas long as short
Lighter S+0.0096%1h0.03932+0.051%$165K$240K5xas long as short
Hyperliquid S+0.0100%1h0.03928−0.059%$991K$898K5xas long as short
Binance SUSDT+0.0100%4h0.03927−0.080%$5.4M$23.4M75xas long as short
Bybit SUSDT+0.0100%4h0.03922−0.204%$5.6M$6.3M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.03925−0.127%$977K$7.3M20xas long as short
Gate S_USDT+0.0100%4h0.03921−0.229%$321K$292K50xas long as short
MEXC S_USDT+0.0100%4h0.03926−0.102%$3.5M$2.6M200xas long as short
KuCoin SUSDTMshort+0.0100%4h0.03926−0.102%$1.8M$3.1M50x
Bitget SUSDT+0.0100%4h0.03927−0.076%$1.2M$3.0M50xas long as short
BingX S-USDT+0.0100%4h0.03923−0.178%$6.8Mas long as short
ApeX Omni SUSDTlong+0.0100%1h0.03930long leg$25K$471K50x
Extended S-USD+0.0104%1h0.03926−0.114%$221K$883K10xas long as short
BloFin S-USDT+0.0340%4h0.03916−0.356%$267K$158K75xas long as short
Backpack S_USDC_PERP+0.0359%1h0.039300.000%$114K$291K5xas long as short