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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.057%
Price spread now: ApeX Omni against OKX+0.103%90s7-day average +0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs−$164as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1861.863% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.220%+$22 on $10k
Price spread, last 3 days (all we have)+0.436%+$44 · spread now +0.103%, 7d avg +0.101%
Together, before fees+0.656%+$66 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX S-USDT-SWAP0.038960.0100pay 0.0050% / 4h1h 10m$973K$5.4M20x
ShortApeX Omni SUSDT0.039000.0100get 0.0013% / 1h10m 06s$25K$460K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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: +0.103% → +0.101%
$0.16
Slippage, 4 orders
−$166.28
Fee OKX: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$186.12
Costs to cover
1.863%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; ApeX Omni: live order book, 7 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 OKX live order book, 3 min ago1.28 bp21.2 bp −$21doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 7 min ago12.80 bp69.4 bp −$69doesn'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
Kraken Futures PF_SUSD−0.1605%1h0.03893−0.065%$33K$26K10xas long as short
Coinbase International S-PERP-INTX−0.1576%1h0.03826−1.797%$47K$5K25xas long as short
01 Exchange SUSD−0.1216%1h0.03800−2.464%$23K$2K5xas long as short
Variational Omni S−0.0932%4h0.03888−0.193%$606K$31Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0198% / S +0.0191%1h0.03900+0.105%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.03896+0.006%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03900+0.109%$601150xas long as short
Orderly PERP_S_USDC+0.0029%4h0.03899+0.077%$99K$343K10xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+5.236%$2K$37K12xas long as short
Lighter S+0.0096%1h0.03902+0.154%$163K$223K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.03898+0.059%$978K$716K5xas long as short
Aster SUSDT+0.0100%4h0.03899+0.081%$43K$212K10xas long as short
Binance SUSDT+0.0100%4h0.03897+0.023%$5.3M$18.2M75xas long as short
Bybit SUSDT+0.0100%4h0.03889−0.180%$5.5M$5.4M50xas long as short
OKX S-USDT-SWAPlong+0.0100%4h0.03896long leg$973K$5.4M20x
Gate S_USDT+0.0100%4h0.03893−0.077%$318K$266K50xas long as short
MEXC S_USDT+0.0100%4h0.03897+0.026%$3.5M$2.3M200xas long as short
KuCoin SUSDTM+0.0100%4h0.03893−0.077%$1.8M$3.0M50xas long as short
Bitget SUSDT+0.0100%4h0.03902+0.154%$1.2M$2.5M50xas long as short
BingX S-USDT+0.0100%4h0.038960.000%$6.7Mas long as short
ApeX Omni SUSDTshort+0.0100%1h0.03900+0.103%$25K$460K50x
Extended S-USD+0.0104%1h0.03896−0.001%$219K$877K10xas long as short
Deribit S_USDC-PERPETUAL+0.0263%1h0.03902+0.154%$66K$10K10xas long as short
BloFin S-USDT+0.0340%4h0.03903+0.180%$266K$125K75xas long as short
Backpack S_USDC_PERP+0.0482%1h0.03910+0.359%$114K$300K5xas long as short