Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 70.600 | +0.0100 | pay 0.0013% / 1h | 52m 29s | $75K | $186K | 50x | Long ApeX Omni5% off | |
| SHORT | 71.500 | +0.1088 | get 0.0136% / 1h | 52m 29s | $294K | $1.5M | 10x | Short Backpack |
Price gap+1.275%63s
Funding gap+0.0988% /8h
Both sides work: funding pays +$30 a day on $10k, and the gap is 1.225% above its 7d average: +$122 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$9+0.0988% /8h now · paid +0.093% over the last 7D
Price—spread +1.275%63s now · prices read too far apart to compare
Costs−$2382.378% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.093% in total, about +0.0044%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+1.275%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hINTC on 43 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size113.2 / 5.7 bpAt $10k entering ApeX Omni costs 113.2 bp, fee and slippage, 19.9× Backpack’s.
- Note: Margin at max leverage$200 + $1,000ApeX Omni 50x, Backpack 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$29.63Long ApeX Omni: 24 payments, −$3.00; short Backpack: 24 payments, +$32.63.
- Watch: Prices read 63 s apart+1.275% vs +0.050%Part of this gap may be the market moving.
- Watch: Long leg is thinner$75K vs $294K OIApeX Omni sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCApeX Omni No · Backpack YesKYC (ID, face scan, residency and source of income) before any trading.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0044%/8h × 21 periods+$9.33
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$217.80
Fee ApeX Omni bp × 2 orders−$10.00
Fee Backpack bp × 2 orders−$10.00
Net · 7 days · $10k−$228.47
price spread not counted: prices read too far apartCosts to cover2.378%Break-even178.5 days
Slippage: ApeX Omni: live order book, 35 min ago; Backpack: live order book, just nowCost to enter
taker + slippage from mid, one sideBUY · LONGApeX Omni108.20113.2 bp−$113155.9 bp−$1,559doesn’t fitdoesn’t fit
SELL · SHORTBackpack0.705.7 bp−$6doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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