Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0348%/8h= +38.1% APRpaid last 24h +0.095%

Price spread now: Binance against ApeX Omni+0.169%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$375as in the Funding arb table

Net, price: spread back to 7d avg − costs−$383as in the Price arb table

costs, in and out, $10k−$4014.013% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.263%+$26 on $10k

Price spread, last 4 days (all we have)−0.282%−$28 · spread now +0.169%, 7d avg −0.019%

Together, before fees−0.019%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Binance is 0.188% dearer against ApeX Omni than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni EDGEUSDT	0.5904	0.0100	pay 0.0013% / 1h	31m 29s	$9K	$300K	50x
Short	Binance EDGEUSDT	0.5914	0.0448	get 0.0224% / 4h	2h 31m	$10.1M	$10.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.169%Rate

Funding earned: $73
Price spread: +0.169% → −0.019%: $18.85
Slippage, 4 orders: −$381.35
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$309.5
Costs to cover: 4.013%
Break-even: 36.7 days

Slippage from ApeX Omni: live order book, 16 min ago; Binance: live order book, 8 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, 16 min ago	14.35 bp	172.1 bp −$172	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	0.85 bp	30.0 bp −$30	161.7 bp −$1,617	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
Backpack EDGE_USDC_PERP	−0.0175%	1h	0.5900	−0.069%	$58K	$117K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5907	+0.047%	$43K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5900	−0.068%	$7.1M	$3.3M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5907	+0.051%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5908	+0.068%	$4.7M	$1.1M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5949	+0.764%	$188K	$144K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5904	−0.006%	$6K	$2.8M	10x	as long as short
ApeX Omni EDGEUSDTlong	+0.0100%	1h	0.5904	long leg	$9K	$300K	50x
SunX EDGE-USDT	+0.0100%	4h	0.5870	−0.576%	$4K	$631K	10x	as long as short
Aster EDGEUSDT	+0.0341%	4h	0.5907	+0.050%	$52K	$155K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EDGE-USDT-SWAP	+0.0440%	4h	0.5914	+0.169%	$3.7M	$5.9M	20x	as long as short
MEXC EDGE_USDT	+0.0444%	4h	0.5908	+0.068%	$1.1M	$822K	50x	as long as short
Binance EDGEUSDTshort	+0.0448%	4h	0.5914	+0.169%	$10.1M	$10.6M	50x
Extended EDGE-USD	+0.0448%	1h	0.5908	+0.075%	$27K	$86K	5x	as long as short
edgeX EDGEUSDC	+0.0454%	4h	0.5934	+0.507%	$14.2M	$3.6M	30x	as long as short
BloFin EDGE-USDT	+0.0478%	4h	0.5898	−0.102%	$650K	$102K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0584%	4h	0.5909	+0.085%	$3K	$1K	10x	as long as short