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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.1476%/8h= +161.6% APRnext payment +$1.85 per $10,000 · paid last 24h +0.592%
Price spread now: ApeX Omni against Coinbase International+0.710%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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$44 a day on $10k at the current rate, and ApeX Omni is 0.710% dearer against Coinbase International than usual: you sell high and buy low: +$71 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International S-PERP-INTX0.03942−0.1376get 0.0172% / 1h0m 33s$47K$16K25x
ShortApeX Omni SUSDT0.039700.0100get 0.0013% / 1h0m 33s$24K$460K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Coinbase International. 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
$309.96
Price spread: +0.710% → 0.000%
$71.03
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$360.99
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: Coinbase International: no order-book sample; ApeX Omni: live order book, 57 min ago. 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 Coinbase International no order-book sample
Sell ApeX Omni live order book, 57 min ago24.51 bp77.8 bp −$78doesn't fitdoesn't fitdoesn't fit
Coinbase International: 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−0.5928%1h0.03950+0.203%$24K$2K5xas long as short
Kraken Futures PF_SUSD−0.2587%1h0.03945+0.089%$33K$13K10xas long as short
Coinbase International S-PERP-INTXlong−0.1376%1h0.03942long leg$47K$16K25x
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.03951+0.223%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.03948+0.149%$415xas long as short
Variational Omni S−0.0043%4h0.03942+0.008%$612K$30Kas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03952+0.255%$609150xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+4.008%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0073%4h0.03951+0.228%$98K$276K10xas long as short
Lighter S+0.0096%1h0.03956+0.355%$166K$158K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.03953+0.269%$988K$583K5xas long as short
Aster SUSDT+0.0100%4h0.03955+0.329%$44K$132K10xas long as short
Binance SUSDT+0.0100%4h0.03949+0.185%$5.4M$14.0M75xas long as short
Bybit SUSDT+0.0100%4h0.039420.000%$5.6M$4.6M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.03945+0.076%$996K$3.8M20xas long as short
Gate S_USDT+0.0100%4h0.03944+0.051%$322K$199K50xas long as short
MEXC S_USDT+0.0100%4h0.03951+0.228%$3.6M$1.8M200xas long as short
KuCoin SUSDTM+0.0100%4h0.03947+0.127%$1.8M$2.7M50xas long as short
Bitget SUSDT+0.0100%4h0.03951+0.228%$1.2M$2.2M50xas long as short
BingX S-USDT+0.0100%4h0.03944+0.051%$6.8Mas long as short
ApeX Omni SUSDTshort+0.0100%1h0.03970+0.710%$24K$460K50x
Extended S-USD+0.0104%1h0.03945+0.068%$222K$1.1M10xas long as short
BloFin S-USDT+0.0340%4h0.03962+0.507%$271K$99K75xas long as short
Deribit S_USDC-PERPETUAL+0.0763%1h0.03954+0.304%$66K$10K10xas long as short
Backpack S_USDC_PERP+0.1137%1h0.03960+0.457%$115K$421K5xas long as short