Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0439%/8h= −48.0% APRpaid last 24h −0.025%

Price spread now: ApeX Omni against MEXC+0.116%51s7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1051.053% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 4 days (all we have)−0.386%−$39 · spread now +0.116%, 7d avg −0.005%

Together, before fees−0.429%−$43 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.121% dearer against MEXC than usual: you sell high and buy low (spread +0.116% now, against its 7-day average of −0.005%): +$12 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−0.043% in total) that is about 20 days. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.043% in total (about -2.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SIGN_USDT	0.01209	0.0096	pay 0.0048% / 4h	3h 46m	$12.2M	$119K	20x
Short	ApeX Omni SIGNUSDT	0.01210	−0.0343	pay 0.0043% / 1h	46m 40s	$30K	$667K	50x

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

Position, each leg$Hold fordaysFee MEXCbpFee ApeX OmnibpOrdersPrice spread, now +0.116%Rate

Funding earned: −$92.11
Price spread: +0.116% → −0.005%: $12.05
Slippage, 4 orders: −$91.32
Fee MEXC: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$185.39
Costs to cover: 1.053%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; ApeX Omni: live order book, 52 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 MEXC live order book, 2 min ago	2.89 bp	14.2 bp −$14	99.7 bp −$997	244.5 bp −$24.4K	doesn't fit
Sell ApeX Omni live order book, 52 min ago	12.45 bp	22.4 bp −$22	doesn't fit	doesn't fit	doesn't fit

SIGN on 12 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
ApeX Omni SIGNUSDTshort	−0.0343%	1h	0.01210	+0.116%	$30K	$667K	50x
Variational Omni SIGN	−0.0192%	4h	0.01207	−0.103%	$83K	$791	—	as long as short
Aster SIGNUSDT	−0.0085%	4h	0.01210	+0.116%	$10K	$3K	5x	as long as short
BloFin SIGN-USDT	+0.0091%	4h	0.01209	0.000%	$122K	$16K	25x	as long as short
MEXC SIGN_USDTlong	+0.0096%	4h	0.01209	long leg	$12.2M	$119K	20x
Binance SIGNUSDT	+0.0100%	4h	0.01209	0.000%	$2.3M	$1.4M	25x	as long as short
Bybit SIGNUSDT	+0.0100%	4h	0.01208	−0.033%	$2.1M	$338K	25x	as long as short
OKX SIGN-USDT-SWAP	+0.0100%	4h	0.01209	0.000%	$654K	$224K	20x	as long as short
Gate SIGN_USDT	+0.0100%	4h	0.01208	−0.050%	$90K	$22K	25x	as long as short
KuCoin SIGNUSDTM	+0.0100%	4h	0.01211	+0.199%	$1.5M	$13K	25x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SIGNUSDT	+0.0100%	4h	0.01209	+0.025%	$913K	$151K	25x	as long as short
BingX SIGN-USDT	+0.0100%	4h	0.01210	+0.099%	—	$6.6M	—	as long as short