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

COIN

RWAall COIN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.013%
Price spread now: KuCoin against ApeX Omni+0.094%82s7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$162as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1651.652% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.030%+$3 on $10k
Price spread, last 3 days (all we have)−0.047%−$5 · spread now +0.094%, 7d avg +0.008%
Together, before fees−0.017%−$2 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: KuCoin is 0.086% dearer against ApeX Omni than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.008%. The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni COINUSDT201.520.0100pay 0.0013% / 1h24m 05s$91K$346K50x
ShortKuCoin COINUSDTM201.710.0100get 0.0100% / 8h1h 24m$1.0M$145K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$0
Price spread: +0.094% → +0.008%
$8.65
Slippage, 4 orders
−$143.18
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$156.53
Costs to cover
1.652%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 59 min ago; KuCoin: live order book, 1 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, 59 min ago2.72 bp7.7 bp −$812.8 bp −$128doesn't fitdoesn't fit
Sell KuCoin live order book, 1 min ago13.38 bp76.8 bp −$77doesn't fitdoesn'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%1h200.97−0.273%$44K$49K30xas long as short
Aster COINUSDT0.0000%8h201.75+0.112%$370K$839K20xas long as short
Extended COIN_24_5-USD0.0000%1h201.78+0.129%$119K$446K10xas long as short
Binance COINUSDT0.0000%8h201.82+0.149%$15.6M$76.8M20xas long as short
Bybit COINUSDT0.0000%8h201.80+0.139%$5.0M$5.9M50xas long as short
OKX COIN-USDT-SWAP0.0000%8h201.83+0.154%$3.3M$4.7M20xas long as short
Gate COIN_USDT0.0000%8h201.75+0.114%$1.3M$7.0M50xas long as short
Bitget COINUSDT0.0000%8h201.83+0.154%$6.9M$9.9M20xas long as short
Variational Omni COIN0.0000%8h201.43−0.045%$798K$1.0Mas long as short
GRVT COIN_USDT_Perp0.0000%8h201.45−0.035%$16K$2.0M10xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX COIN-USD+0.0016%1h201.62+0.050%$1.4M$3.9M10xas long as short
edgeX COINUSDC+0.0019%4h201.45−0.036%$52K$292K10xas long as short
Lighter COIN+0.0032%1h201.71+0.094%$369K$2.1M10xas long as short
Lighter RH COIN+0.0032%1h201.67+0.074%$434K$1.8M10xas long as short
Arcus COIN-USD+0.0040%1h201.80+0.139%$16K$55K5xas long as short
Vest COIN-USD-PERP+0.0046%1h201.53+0.005%$513K25xas long as short
tradeXYZ xyz:COIN+0.0050%1h201.69+0.084%$16.3M$13.1M10xas long as short
Polymarket Perps COIN-USD+0.0050%1h201.60+0.040%$146K$1.2M10xas long as short
SoDEX COIN-USD+0.0050%1h201.74+0.109%$83$3K10xas long as short
Ondo Perps COIN-USD.P+0.0050%1h201.28−0.119%$361K$3.3M10xas long as short
KuCoin COINUSDTMshort+0.0100%8h201.71+0.094%$1.0M$145K20x
ApeX Omni COINUSDTlong+0.0100%1h201.52long leg$91K$346K50x
Orderly PERP_COIN_USDC_mythos+0.0100%8h201.74+0.109%$583$4K10xas long as short
Aevo COIN-PERP+0.0104%1h201.73+0.103%$11910xas long as short
BloFin COIN-USDT+0.0120%8h201.77+0.124%$200K$341K20xas long as short
Phoenix COIN+0.0198%1h201.520.000%$5K$281K10xas long as short