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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%
Price spread now: ApeX Omni against MEXC+0.050%7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1411.414% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.080%+$8 on $10k
Price spread, last 4 days (all we have)+0.363%+$36 · spread now +0.050%, 7d avg +0.041%
Together, before fees+0.443%+$44 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC S_USDT0.040280.0100pay 0.0050% / 4h2h 17m$3.8M$1.7M200x
ShortApeX Omni SUSDT0.040300.0100get 0.0013% / 1h17m 03s$24K$484K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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
$0
Price spread: +0.050% → +0.041%
$0.87
Slippage, 4 orders
−$127.41
Fee MEXC: 2 bp × 2 orders
−$4
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$140.55
Costs to cover
1.414%
Break-even
never at this rate
Slippage from MEXC: live order book, 5 min ago; ApeX Omni: live order book, 31 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 5 min ago1.25 bp4.9 bp −$584.8 bp −$848281.7 bp −$28.2Kdoesn't fit
Sell ApeX Omni live order book, 31 min ago25.25 bp79.5 bp −$80doesn't fitdoesn't fitdoesn't fit

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−1.0048%1h0.03850−4.419%$24K$2K5xas long as short
Kraken Futures PF_SUSD−0.1807%1h0.04025−0.079%$35K$16K10xas long as short
Coinbase International S-PERP-INTX−0.1232%1h0.03961−1.663%$48K$18K25xas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04026−0.055%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.04024−0.096%$415xas long as short
Variational Omni S−0.0081%4h0.04012−0.390%$623K$25Kas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04026−0.061%$620150xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+1.787%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0084%4h0.040280.000%$100K$554K10xas long as short
Lighter S+0.0096%1h0.04030+0.050%$172K$140K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04027−0.027%$1.0M$595K5xas long as short
Aster SUSDT+0.0100%4h0.04027−0.018%$47K$111K10xas long as short
Binance SUSDT+0.0100%4h0.04027−0.025%$5.7M$13.7M75xas long as short
Bybit SUSDT+0.0100%4h0.04021−0.174%$5.7M$4.3M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04025−0.074%$1.0M$3.8M20xas long as short
Gate S_USDT+0.0100%4h0.04021−0.174%$327K$185K50xas long as short
MEXC S_USDTlong+0.0100%4h0.04028long leg$3.8M$1.7M200x
KuCoin SUSDTM+0.0100%4h0.04024−0.099%$1.8M$2.7M50xas long as short
Bitget SUSDT+0.0100%4h0.040280.000%$1.2M$2.3M50xas long as short
BingX S-USDT+0.0100%4h0.04025−0.074%$6.8Mas long as short
ApeX Omni SUSDTshort+0.0100%1h0.04030+0.050%$24K$484K50x
Extended S-USD+0.0104%1h0.04025−0.076%$226K$593K10xas long as short
BloFin S-USDT+0.0340%4h0.04022−0.149%$276K$115K75xas long as short
Deribit S_USDC-PERPETUAL+0.0743%1h0.04031+0.074%$68K$10K10xas long as short
Backpack S_USDC_PERP+0.2384%1h0.04040+0.298%$117K$426K5xas long as short