Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 50.160 | +0.0100 | pay 0.0013% / 1h | 20m 38s | $210 | $262K | 20x | Long ApeX Omni5% off | |
| SHORT | 49.510 | 0 | 0.0000% / 8h | 3h 20m | $277 | $202K | 10x | Short SunX≤10% back |
Price gap−1.296%
Funding gap−0.0100% /8h
Both sides work against this direction now: funding costs $3 a day on $10k and the gap is 1.157% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$6−0.0100% /8h now · paid −0.063% over the last 2 days (all we have)
Price−$116spread −1.296% now, avg −0.139% → −1.157% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$122−1.22%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
SunX price against ApeX Omninow
RANGE STATS · 7D
Now−1.296%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hOURA on 13 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than SunX’s order book right now.
- Note: Margin at max leverage$500 + $1,000ApeX Omni 20x, SunX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$3.00Long ApeX Omni: 24 payments, −$3.00; short SunX: 3 payments, $0.00.
- Watch: Gap narrower than usual−1.296% vs −0.139%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$210 vs $277 OIApeX Omni sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legApeX Omni No · SunX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0134%/8h × 21 periods−$28.07
Price spread−1.296% → −0.139% (7d avg)−$115.73
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee ApeX Omni bp × 2 orders−$10.00
Fee SunX bp × 2 orders−$8.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: ApeX Omni: live order book, 46 min ago; SunX: live order book, 36 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGApeX Omni28.8443.6 bp−$44217.2 bp−$2,172doesn’t fitdoesn’t fit
SELL · SHORTSunX900.42doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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| 09-28 09:22 | ApeX Omni | Listing | new market OURAUSDT ($OURA) seen by our collector |


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