Funding arb · Price arb /

SAMSUNG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.027%

Price spread now: Phemex against ApeX Omni−0.291%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$194as in the Funding arb table

Net, price: spread back to 7d avg − costs−$203as in the Price arb table

costs, in and out, $10k−$1741.737% of the position

Long on ApeX Omni Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.201%−$20 on $10k

Price spread, last 3 days (all we have)+0.347%+$35 · spread now −0.291%, 7d avg 0.000%

Together, before fees+0.146%+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phemex is 0.291% cheaper against ApeX Omni than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of 0.000%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SAMSUNGUSDT	206.22	0.0100	pay 0.0013% / 1h	52m 43s	$5K	$142K	50x
Short	Phemex SAMSUNGUSDT	205.62	0	get 0.0000% / 8h	7h 52m	$2.7M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee PhemexbpOrdersPrice spread, now −0.291%Rate

Funding earned: −$21
Price spread: −0.291% → 0.000%: −$29.11
Slippage, 4 orders: −$151.66
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$223.76
Costs to cover: 1.737%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 18 min ago; Phemex: live order book, 6 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 ApeX Omni live order book, 18 min ago	25.10 bp	34.2 bp −$34	188.4 bp −$1,884	doesn't fit	doesn't fit
Sell Phemex live order book, 6 min ago	6.07 bp	41.0 bp −$41	doesn't fit	doesn't fit	doesn't fit

SAMSUNG on 24 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
Bybit SAMSUNGUSDT	−0.0519%	8h	205.25	−0.470%	$7.0M	$15.3M	100x	as long as short
tradeXYZ xyz:SMSN	−0.0147%	1h	205.19	−0.499%	$45.6M	$47.8M	10x	as long as short
Gate SAMSUNG_USDT	−0.0022%	4h	205.28	−0.456%	$7.2M	$22.4M	75x	as long as short
OKX SAMSUNG-USDT-SWAP	0.0000%	8h	205.24	−0.475%	$5.8M	$23.8M	25x	as long as short
GRVT SAMSUNG_USDT_Perp	0.0000%	4h	206.18	−0.019%	$25K	$165K	10x	as long as short
SunX SAMSUNG-USDT	0.0000%	4h	205.49	−0.354%	$912	$1.3M	10x	as long as short
HTX SAMSUNG-USDT	0.0000%	4h	205.53	−0.335%	$75K	$144K	20x	as long as short
Phemex SAMSUNGUSDTshort	0.0000%	8h	205.62	−0.291%	$2.7M	$1.3M	10x
Polymarket Perps SAMSUNG-USD	+0.0050%	1h	205.46	−0.369%	$45K	$138K	10x	as long as short
SoDEX SAMSUNG-USD	+0.0050%	1h	205.40	−0.398%	$3K	$3K	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps SMSN-USD.P	+0.0050%	1h	205.34	−0.427%	$318K	$237K	10x	as long as short
Pacifica SAMSUNG	+0.0100%	1h	205.23	−0.480%	$83K	$55K	10x	as long as short
KuCoin SAMSUNGUSDTM	+0.0100%	4h	205.22	−0.485%	$562K	$153K	20x	as long as short
ApeX Omni SAMSUNGUSDTlong	+0.0100%	1h	206.22	long leg	$5K	$142K	50x
Orderly PERP_SAMSUNG_USDC_mythos	+0.0100%	8h	205.59	−0.305%	$3K	$488	10x	as long as short
Bitget SAMSUNGUSDT	+0.0274%	4h	205.36	−0.417%	$4.2M	$13.4M	20x	as long as short
edgeX SAMSUNGUSDC	+0.0353%	4h	205.92	−0.146%	$250K	$449K	10x	as long as short
BloFin SAMSUNG-USDT	+0.0416%	4h	205.59	−0.305%	$312K	$222K	25x	as long as short
Binance SAMSUNGUSDT	+0.0470%	4h	205.26	−0.463%	$23.8M	$161.0M	25x	as long as short
Extended SAMSUNG-USD	+0.0472%	1h	205.28	−0.454%	$194K	$98K	10x	as long as short
Aster SAMSUNGUSDT	+0.0507%	4h	205.22	−0.484%	$104K	$154K	50x	as long as short
Aevo SMSN-PERP	+0.0536%	1h	205.75	−0.226%	$33K	—	10x	as long as short
Kraken Futures PF_SAMSUNGUSD	+0.0811%	1h	205.60	−0.300%	$47K	$17K	20x	as long as short
Aftermath Perps SAMSUNGUSD	+0.8086%	1h	204.11	−1.026%	$808	$31K	5x	as long as short