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

COIN

RWAall COIN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0229%/8h= +25.0% APRpaid last 24h +0.144%
Price spread now: edgeX against ApeX Omni+0.091%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs+$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$390.388% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.475%+$47 on $10k
Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.091%, 7d avg +0.017%
Together, before fees+0.476%+ Points / potential airdropedgeX: Active · farm board+$48 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and edgeX is 0.075% dearer against ApeX Omni than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.017%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni COINUSDT195.520.0100pay 0.0013% / 1h17m 10s$88K$287K50x
ShortedgeX COINUSDC195.700.0329get 0.0164% / 4h17m 10s$50K$295K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against ApeX Omni. 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
$48.02
Price spread: +0.091% → +0.017%
$7.47
Slippage, 4 orders
−$19.84
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$16.65
Costs to cover
0.388%
Break-even
4.6 days
Slippage from ApeX Omni: live order book, 20 min ago; edgeX: live order book, 21 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 ApeX Omni live order book, 20 min ago3.83 bp8.8 bp −$915.1 bp −$151doesn't fitdoesn't fit
Sell edgeX live order book, 21 min ago5.61 bp10.6 bp −$1116.6 bp −$166doesn't fitdoesn't fit

COIN on 26 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
Injective COIN/USDC PERP−0.0440%1h195.61+0.046%$43K$48K30xas long as short
Bitget COINUSDT−0.0341%8h195.68+0.082%$6.3M$10.5M20xas long as short
Vest COIN-USD-PERP−0.0042%1h195.03−0.251%$326K25xas long as short
Aster COINUSDT0.0000%8h195.40−0.060%$341K$890K20xas long as short
Bybit COINUSDT0.0000%8h195.46−0.031%$4.7M$6.2M50xas long as short
OKX COIN-USDT-SWAP0.0000%8h195.42−0.051%$3.0M$4.7M20xas long as short
Gate COIN_USDT0.0000%8h195.57+0.026%$1.2M$7.4M50xas long as short
Variational Omni COIN0.0000%8h195.54+0.008%$711K$972Kas long as short
GRVT COIN_USDT_Perp0.0000%8h195.76+0.123%$15K$2.8M10xas long as short
Extended COIN_24_5-USD+0.0008%1h195.48−0.021%$104K$860K10xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance COINUSDT+0.0012%8h195.56+0.019%$15.0M$82.1M20xas long as short
Lighter RH COIN+0.0032%1h195.49−0.015%$464K$1.5M10xas long as short
Arcus COIN-USD+0.0040%1h195.79+0.138%$17K$58K5xas long as short
BloFin COIN-USDT+0.0046%8h195.56+0.020%$187K$434K20xas long as short
tradeXYZ xyz:COIN+0.0050%1h195.41−0.056%$15.1M$13.0M10xas long as short
Polymarket Perps COIN-USD+0.0050%1h195.45−0.036%$135K$1.4M10xas long as short
SoDEX COIN-USD+0.0050%1h195.51−0.005%$83$3K10xas long as short
Ondo Perps COIN-USD.P+0.0050%1h195.32−0.102%$445K$2.8M10xas long as short
QFEX COIN-USD+0.0065%1h195.520.000%$1.3M$2.9M10xas long as short
Lighter COIN+0.0088%1h195.50−0.008%$364K$2.3M10xas long as short
KuCoin COINUSDTM+0.0100%8h195.42−0.051%$985K$141K20xas long as short
ApeX Omni COINUSDTlong+0.0100%1h195.52long leg$88K$287K50x
Orderly PERP_COIN_USDC_mythos+0.0100%8h195.53+0.005%$565$4K10xas long as short
Aevo COIN-PERP+0.0104%1h195.53+0.003%$11510xas long as short
Phoenix COIN+0.0163%1h195.44−0.041%$4K$283K10xas long as short
edgeX COINUSDCshort+0.0329%4h195.70+0.091%$50K$295K10x