Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against ApeX Omni+0.251%59s7-day average −0.111% · you sell dearer than you buy

Net, funding: paid 7d − costs−$591as 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−$5905.895% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 4 days (all we have)−0.475%−$48 · spread now +0.251%, 7d avg −0.111%

Together, before fees−0.485%−$49 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: Bybit is 0.362% dearer against ApeX Omni than usual: you sell high and buy low, +$36 on $10k if it goes back to its 7-day average of −0.111%. The two prices were read 59 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	0.5966	0.0100	pay 0.0013% / 1h	24m 34s	$9K	$304K	50x
Short	Bybit EDGEUSDT	0.5981	0.0100	get 0.0050% / 4h	24m 34s	$7.2M	$3.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.251%Rate

Funding earned: $0
Price spread: +0.251% → −0.111%: $36.23
Slippage, 4 orders: −$568.51
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$553.27
Costs to cover: 5.895%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 33 min ago; Bybit: 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, 33 min ago	16.09 bp	174.0 bp −$174	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	3.36 bp	112.4 bp −$112	337.0 bp −$3,370	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	−0.0048%	1h	0.6015	+0.828%	$59K	$111K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5986	+0.334%	$44K	$19K	3x	as long as short
Bybit EDGEUSDTshort	+0.0100%	4h	0.5981	+0.251%	$7.2M	$3.4M	25x
KuCoin EDGEUSDTM	+0.0100%	4h	0.5989	+0.386%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5985	+0.318%	$4.8M	$1.1M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5971	+0.082%	$189K	$136K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5964	−0.028%	$7K	$2.3M	10x	as long as short
ApeX Omni EDGEUSDTlong	+0.0100%	1h	0.5966	long leg	$9K	$304K	50x
SunX EDGE-USDT	+0.0100%	4h	0.5966	0.000%	$3K	$625K	10x	as long as short
edgeX EDGEUSDC	+0.0407%	4h	0.5967	+0.015%	$14.3M	$3.6M	30x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EDGE-USD	+0.0416%	1h	0.5985	+0.326%	$27K	$193K	5x	as long as short
MEXC EDGE_USDT	+0.0416%	4h	0.5996	+0.503%	$1.1M	$895K	50x	as long as short
BloFin EDGE-USDT	+0.0430%	4h	0.6013	+0.788%	$667K	$103K	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0442%	4h	0.5990	+0.402%	$3.8M	$5.9M	20x	as long as short
Binance EDGEUSDT	+0.0445%	4h	0.5991	+0.420%	$10.3M	$10.5M	50x	as long as short
Aster EDGEUSDT	+0.0485%	4h	0.5993	+0.453%	$69K	$146K	5x	as long as short
Orderly PERP_EDGE_USDC	+0.0573%	4h	0.6002	+0.603%	$3K	—	10x	as long as short