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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0099%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h +0.030%
Price spread now: ApeX Omni against gTrade (Gains Network)+2.008%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 4 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 +$3 a day on $10k at the current rate, and ApeX Omni is 2.008% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$201 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) S/USD0.04294L +0.0001% / S +0.0006%pay 0.0000% / 1h54m 57s$662150x
ShortApeX Omni SUSDT0.043800.0100get 0.0013% / 1h54m 57s$26K$505K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against gTrade (Gains Network). 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
$20.88
Price spread: +2.008% → 0.000%
$200.78
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$201.66
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: gTrade (Gains Network): no order-book sample; ApeX Omni: live order book, 43 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 gTrade (Gains Network) no order-book sample
Sell ApeX Omni live order book, 43 min ago24.27 bp51.3 bp −$51doesn't fitdoesn't fitdoesn't fit
gTrade (Gains Network): 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
Kraken Futures PF_SUSD−0.2649%1h0.04284−0.237%$35K$23K10xas long as short
Coinbase International S-PERP-INTX−0.1248%1h0.04283−0.251%$52K$18K25xas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04295+0.031%$2K100xas long as short
Variational Omni S−0.0116%4h0.04307+0.303%$667K$7Kas long as short
Reya SRUSDPERP−0.0101%1h0.04292−0.046%$415xas long as short
Deribit S_USDC-PERPETUAL0.0000%1h0.04296+0.051%$72K$10K10xas long as short
gTrade (Gains Network) S/USDlongL +0.0001% / S +0.0006%1h0.04294long leg$662150x
Injective S/USDC PERP+0.0033%1h0.04100−4.513%$2K$37K12xas long as short
Hyperliquid S+0.0035%1h0.04289−0.119%$1.1M$699K5xas long as short
Orderly PERP_S_USDC+0.0079%4h0.04280−0.321%$106K$616K10xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter S+0.0096%1h0.04293−0.018%$184K$99K5xas long as short
Aster SUSDT+0.0100%4h0.04293−0.028%$46K$175K10xas long as short
Binance SUSDT+0.0100%4h0.04287−0.158%$6.3M$16.5M75xas long as short
Bybit SUSDT+0.0100%4h0.04272−0.507%$6.2M$4.7M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04281−0.298%$1.2M$4.8M20xas long as short
Gate S_USDT+0.0100%4h0.04281−0.298%$344K$203K50xas long as short
MEXC S_USDT+0.0100%4h0.04291−0.065%$4.4M$2.2M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04287−0.158%$2.0M$2.8M50xas long as short
Bitget SUSDT+0.0100%4h0.04290−0.088%$1.3M$2.6M50xas long as short
BingX S-USDT+0.0100%4h0.04288−0.135%$6.9Mas long as short
Backpack S_USDC_PERP+0.0100%1h0.04290−0.088%$101K$470K5xas long as short
ApeX Omni SUSDTshort+0.0100%1h0.04380+2.008%$26K$505K50x
Extended S-USD+0.0104%1h0.04286−0.186%$237K$1.3M10xas long as short
BloFin S-USDT+0.0340%4h0.04291−0.065%$240K$121K75xas long as short
01 Exchange SUSD+0.6440%1h0.04390+2.241%$27K$2K5xas long as short