Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0057%/8h= +6.3% APRpaid last 24h +0.127%

Price spread now: ApeX Omni against Aster−0.166%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$217as in the Price arb table

costs, in and out, $10k−$2022.022% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.301%+$30 on $10k

Price spread, last 3 days (all we have)+0.591%+$59 · spread now −0.166%, 7d avg −0.013%

Together, before fees+0.892%+ Points / potential airdropAster: Stage 5 · farm board+$89 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.152% cheaper against Aster than usual: you would sell low and buy high (spread −0.166% now, against its 7-day average of −0.013%). If the spread goes back, that is −$15 on $10k: about 8.9 days of funding at the current rate (+$2 a day). At the pace of the last 5 days (+0.301% in total) that is about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SUSDT	0.03927	0.0043	pay 0.0021% / 4h	1h 54m	$43K	$212K	10x
Short	ApeX Omni SUSDT	0.03920	0.0100	get 0.0013% / 1h	54m 54s	$23K	$469K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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 AsterbpFee ApeX OmnibpOrdersPrice spread, now −0.166%Rate

Funding earned: $12
Price spread: −0.166% → −0.013%: −$15.23
Slippage, 4 orders: −$184.19
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$205.42
Costs to cover: 2.022%
Break-even: 126.8 days

Slippage from Aster: live order book, 27 min ago; ApeX Omni: live order book, 28 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 Aster live order book, 27 min ago	10.19 bp	33.8 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 28 min ago	25.51 bp	77.1 bp −$77	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
Kraken Futures PF_SUSD	−0.1593%	1h	0.03923	−0.095%	$33K	$30K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1576%	1h	0.03826	−2.560%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0793%	4h	0.03918	−0.212%	$609K	$34K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0193% / S +0.0186%	1h	0.03930	+0.092%	$1K	—	100x	as long as short
01 Exchange SUSD	−0.0160%	1h	0.03920	−0.166%	$24K	$3K	5x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03923	−0.077%	$4	—	15x	as long as short
Deribit S_USDC-PERPETUAL	−0.0004%	1h	0.03931	+0.115%	$66K	$10K	10x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03930	+0.086%	$606	—	150x	as long as short
Hyperliquid S	+0.0009%	1h	0.03925	−0.041%	$985K	$878K	5x	as long as short
Orderly PERP_S_USDC	+0.0020%	4h	0.03926	−0.013%	$100K	$350K	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.419%	$2K	$37K	12x	as long as short
Aster SUSDTlong	+0.0043%	4h	0.03927	long leg	$43K	$212K	10x
Lighter S	+0.0096%	1h	0.03929	+0.064%	$165K	$222K	5x	as long as short
Binance SUSDT	+0.0100%	4h	0.03925	−0.038%	$5.4M	$22.2M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03919	−0.191%	$5.6M	$6.2M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03924	−0.064%	$979K	$7.0M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03917	−0.242%	$320K	$265K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03927	+0.013%	$3.5M	$2.3M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03922	−0.115%	$1.8M	$3.1M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03924	−0.064%	$1.2M	$2.8M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03924	−0.064%	—	$6.8M	—	as long as short
ApeX Omni SUSDTshort	+0.0100%	1h	0.03920	−0.166%	$23K	$469K	50x
Extended S-USD	+0.0104%	1h	0.03923	−0.087%	$221K	$883K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03918	−0.217%	$268K	$132K	75x	as long as short
Backpack S_USDC_PERP	+0.0363%	1h	0.03930	+0.089%	$114K	$298K	5x	as long as short