Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: ApeX Omni against Binance−0.012%7-day average +0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$167as in the Funding arb table

Net, price: spread back to 7d avg − costs−$181as in the Price arb table

costs, in and out, $10k−$1741.744% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.079%+$8 on $10k

Price spread, last 3 days (all we have)+0.352%+$35 · spread now −0.012%, 7d avg +0.055%

Together, before fees+0.431%+$43 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: ApeX Omni is 0.067% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SUSDT	0.03990	0.0100	pay 0.0050% / 4h	3h 17m	$5.5M	$15.7M	75x
Short	ApeX Omni SUSDT	0.03990	0.0100	get 0.0013% / 1h	17m 21s	$26K	$443K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now −0.012%Rate

Funding earned: $0
Price spread: −0.012% → +0.055%: −$6.67
Slippage, 4 orders: −$154.43
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$181.1
Costs to cover: 1.744%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; ApeX Omni: live order book, 55 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 Binance live order book, 8 min ago	1.25 bp	17.7 bp −$18	54.2 bp −$542	3277.9 bp −$327.8K	doesn't fit
Sell ApeX Omni live order book, 55 min ago	38.22 bp	63.0 bp −$63	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
01 Exchange SUSD	−0.2112%	1h	0.03980	−0.262%	$25K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2027%	1h	0.03986	−0.109%	$34K	$23K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1240%	1h	0.03959	−0.788%	$49K	$5K	25x	as long as short
Variational Omni S	−0.0762%	4h	0.03982	−0.203%	$619K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03991	+0.024%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03987	−0.083%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03991	+0.017%	$615	—	150x	as long as short
Orderly PERP_S_USDC	+0.0027%	4h	0.03990	−0.012%	$102K	$331K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+2.745%	$2K	$37K	12x	as long as short
Lighter S	+0.0096%	1h	0.03994	+0.089%	$163K	$192K	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	0.03990	−0.014%	$998K	$619K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03990	−0.011%	$44K	$141K	10x	as long as short
Binance SUSDTlong	+0.0100%	4h	0.03990	long leg	$5.5M	$15.7M	75x
Bybit SUSDT	+0.0100%	4h	0.03986	−0.112%	$5.7M	$4.9M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03988	−0.062%	$981K	$4.5M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03983	−0.187%	$325K	$218K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03989	−0.037%	$3.7M	$1.9M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03989	−0.037%	$1.8M	$2.9M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03993	+0.064%	$1.2M	$2.4M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03986	−0.112%	—	$6.7M	—	as long as short
ApeX Omni SUSDTshort	+0.0100%	1h	0.03990	−0.012%	$26K	$443K	50x
Extended S-USD	+0.0104%	1h	0.03988	−0.070%	$224K	$1.1M	10x	as long as short
Backpack S_USDC_PERP	+0.0160%	1h	0.03990	−0.012%	$116K	$323K	5x	as long as short
Deribit S_USDC-PERPETUAL	+0.0251%	1h	0.03995	+0.114%	$67K	$10K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03985	−0.137%	$269K	$126K	75x	as long as short