Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0339%/8h= +37.1% APRpaid last 24h +0.105%

Price spread now: Aster against ApeX Omni−0.683%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$689as in the Price arb table

costs, in and out, $10k−$6226.220% of the position

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.249%+$25 on $10k

Price spread, last 4 days (all we have)+0.441%+$44 · spread now −0.683%, 7d avg −0.011%

Together, before fees+0.690%+ Points / potential airdropAster: Stage 5 · farm board+$69 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.673% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.683% now, against its 7-day average of −0.011%). If the spread goes back, that is −$67 on $10k: about 6.6 days of funding at the current rate (+$10 a day). At the pace of the last 6 days (+0.249% in total) that is about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni EDGEUSDT	0.5968	0.0100	pay 0.0013% / 1h	49m 25s	$9K	$305K	50x
Short	Aster EDGEUSDT	0.5927	0.0439	get 0.0220% / 4h	3h 49m	$57K	$154K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.683%Rate

Funding earned: $71.19
Price spread: −0.683% → −0.011%: −$67.26
Slippage, 4 orders: −$604.02
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$618.08
Costs to cover: 6.220%
Break-even: 67.8 days

Slippage from ApeX Omni: live order book, 3 min ago; Aster: live order book, 2 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, 3 min ago	16.82 bp	186.5 bp −$187	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	5.89 bp	192.5 bp −$192	doesn't fit	doesn't fit	doesn't fit

EDGE on 17 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
Lighter EDGE	+0.0096%	1h	0.5920	−0.801%	$43K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5906	−1.039%	$7.1M	$3.3M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5932	−0.603%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5936	−0.536%	$4.7M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5924	−0.742%	$58K	$110K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5928	−0.662%	$188K	$136K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5964	−0.061%	$12K	$2.5M	10x	as long as short
ApeX Omni EDGEUSDTlong	+0.0100%	1h	0.5968	long leg	$9K	$305K	50x
SunX EDGE-USDT	+0.0100%	4h	0.6205	+3.971%	$4K	$625K	10x	as long as short
Aster EDGEUSDTshort	+0.0439%	4h	0.5927	−0.683%	$57K	$154K	5x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin EDGE-USDT	+0.0449%	4h	0.5940	−0.469%	$656K	$102K	50x	as long as short
Binance EDGEUSDT	+0.0458%	4h	0.5922	−0.775%	$10.2M	$10.4M	50x	as long as short
MEXC EDGE_USDT	+0.0468%	4h	0.5927	−0.687%	$1.0M	$863K	50x	as long as short
Extended EDGE-USD	+0.0472%	1h	0.5921	−0.790%	$27K	$196K	5x	as long as short
edgeX EDGEUSDC	+0.0497%	4h	0.5968	−0.004%	$14.3M	$3.6M	30x	as long as short
OKX EDGE-USDT-SWAP	+0.0515%	4h	0.5918	−0.838%	$3.7M	$5.8M	20x	as long as short
Orderly PERP_EDGE_USDC	+0.0562%	4h	0.5917	−0.855%	$3K	$359	10x	as long as short