Funding arb · Price arb /

EDGE

all EDGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against ApeX Omni−0.570%83s7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$427as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$4274.265% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.251%+$25 · spread now −0.570%, 7d avg −0.081%

Together, before fees+0.251%+$25 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.489% cheaper against ApeX Omni than usual: you would sell low and buy high, −$49 on $10k if it goes back to its 7-day average of −0.081%. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.

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	50m 10s	$9K	$305K	50x
Short	Bitget EDGEUSDT	0.5934	0.0100	get 0.0050% / 4h	3h 50m	$4.7M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.570%Rate

Funding earned: $0
Price spread: −0.570% → −0.081%: −$48.85
Slippage, 4 orders: −$404.54
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$475.39
Costs to cover: 4.265%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 2 min ago; Bitget: live order book, 3 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, 2 min ago	16.82 bp	186.5 bp −$187	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	6.72 bp	24.7 bp −$25	240.4 bp −$2,404	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	0.5916	−0.865%	$43K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5916	−0.871%	$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 EDGEUSDTshort	+0.0100%	4h	0.5934	−0.570%	$4.7M	$1.1M	20x
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
BloFin EDGE-USDT	+0.0449%	4h	0.5940	−0.469%	$656K	$102K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster EDGEUSDT	+0.0449%	4h	0.5935	−0.548%	$58K	$152K	5x	as long as short
Binance EDGEUSDT	+0.0468%	4h	0.5927	−0.688%	$10.2M	$10.5M	50x	as long as short
Extended EDGE-USD	+0.0472%	1h	0.5921	−0.781%	$27K	$198K	5x	as long as short
MEXC EDGE_USDT	+0.0478%	4h	0.5923	−0.754%	$1.0M	$863K	50x	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	+0.0523%	4h	0.5931	−0.620%	$3.7M	$5.8M	20x	as long as short
Orderly PERP_EDGE_USDC	+0.0563%	4h	0.5927	−0.687%	$3K	$359	10x	as long as short