Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.012%

Price spread now: ApeX Omni against KuCoin+0.493%7-day average +0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs−$336as in the Funding arb table

Net, price: spread back to 7d avg − costs−$301as in the Price arb table

costs, in and out, $10k−$3403.403% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 4 days (all we have)+0.506%+$51 · spread now +0.493%, 7d avg +0.101%

Together, before fees+0.554%+$55 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 0.392% dearer against KuCoin than usual: you sell high and buy low, +$39 on $10k if it goes back to its 7-day average of +0.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SUSDTM	0.04259	0.0100	pay 0.0050% / 4h	3h 47m	$2.0M	$2.8M	50x
Short	ApeX Omni SUSDT	0.04280	0.0100	get 0.0013% / 1h	47m 17s	$25K	$508K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now +0.493%Rate

Funding earned: $0
Price spread: +0.493% → +0.101%: $39.2
Slippage, 4 orders: −$318.34
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$301.14
Costs to cover: 3.403%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; ApeX Omni: live order book, 50 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 KuCoin live order book, 10 min ago	8.13 bp	107.7 bp −$108	351.7 bp −$3,517	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 50 min ago	24.27 bp	51.3 bp −$51	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	−0.2670%	1h	0.04251	−0.199%	$35K	$23K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1248%	1h	0.04238	−0.493%	$52K	$18K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04281	+0.514%	$2K	—	100x	as long as short
Variational Omni S	−0.0114%	4h	0.04280	+0.488%	$660K	$7K	—	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04261	+0.037%	$4	—	15x	as long as short
Deribit S_USDC-PERPETUAL	0.0000%	1h	0.04265	+0.141%	$72K	$11K	10x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04263	+0.094%	$657	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	−3.733%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0077%	4h	0.04264	+0.117%	$106K	$620K	10x	as long as short
Lighter S	+0.0096%	1h	0.04263	+0.094%	$183K	$99K	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	0.04267	+0.188%	$1.1M	$710K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04264	+0.124%	$46K	$175K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04261	+0.047%	$6.2M	$16.8M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04255	−0.094%	$6.1M	$4.8M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04260	+0.023%	$1.2M	$4.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04261	+0.047%	$356K	$216K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04265	+0.141%	$4.4M	$2.2M	200x	as long as short
KuCoin SUSDTMlong	+0.0100%	4h	0.04259	long leg	$2.0M	$2.8M	50x
Bitget SUSDT	+0.0100%	4h	0.04265	+0.141%	$1.3M	$2.6M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04260	+0.023%	—	$6.9M	—	as long as short
Backpack S_USDC_PERP	+0.0100%	1h	0.04280	+0.493%	$101K	$472K	5x	as long as short
ApeX Omni SUSDTshort	+0.0100%	1h	0.04280	+0.493%	$25K	$508K	50x
Extended S-USD	+0.0104%	1h	0.04257	−0.055%	$236K	$1.3M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04264	+0.117%	$313K	$121K	75x	as long as short
01 Exchange SUSD	+0.5400%	1h	0.04350	+2.137%	$27K	$2K	5x	as long as short