Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0393%/8h= −43.1% APRpaid last 24h −0.089%

Price spread now: ApeX Omni against Aster−0.370%7-day average +0.014% · 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−$567as in the Price arb table

costs, in and out, $10k−$5285.284% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.232%−$23 on $10k

Price spread, last 4 days (all we have)+1.078%+$108 · spread now −0.370%, 7d avg +0.014%

Together, before fees+0.846%+ Points / potential airdropAster: Stage 5 · farm board+$85 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and ApeX Omni is 0.383% cheaper against Aster than usual: you would sell low and buy high (−$38 if the spread goes back to its 7-day average of +0.014%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster EDGEUSDT	0.5918	0.0493	pay 0.0247% / 4h	2h 02m	$68K	$132K	5x
Short	ApeX Omni EDGEUSDT	0.5896	0.0100	get 0.0013% / 1h	2m 49s	$9K	$303K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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 AsterbpFee ApeX OmnibpOrdersPrice spread, now −0.370%Rate

Funding earned: −$82.59
Price spread: −0.370% → +0.014%: −$38.34
Slippage, 4 orders: −$510.37
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$649.3
Costs to cover: 5.284%
Break-even: never at this rate

Slippage from Aster: live order book, 63 min ago; ApeX Omni: live order book, 64 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 Aster live order book, 63 min ago	4.99 bp	144.7 bp −$145	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 64 min ago	9.14 bp	179.3 bp −$179	doesn't fit	doesn't fit	doesn't fit

EDGE on 16 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	0.5905	−0.221%	$43K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5894	−0.403%	$7.0M	$3.3M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5906	−0.201%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5900	−0.302%	$4.7M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5909	−0.145%	$58K	$104K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5887	−0.514%	$189K	$131K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5903	−0.250%	$4K	$2.0M	10x	as long as short
ApeX Omni EDGEUSDTshort	+0.0100%	1h	0.5896	−0.370%	$9K	$303K	50x
SunX EDGE-USDT	+0.0100%	4h	0.5875	−0.724%	$3K	$617K	10x	as long as short
edgeX EDGEUSDC	+0.0431%	4h	0.5892	−0.444%	$14.1M	$3.6M	30x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EDGE-USDT-SWAP	+0.0453%	4h	0.5906	−0.201%	$3.6M	$5.8M	20x	as long as short
MEXC EDGE_USDT	+0.0486%	4h	0.5900	−0.302%	$1.1M	$913K	50x	as long as short
Extended EDGE-USD	+0.0488%	1h	0.5900	−0.310%	$27K	$195K	5x	as long as short
Binance EDGEUSDT	+0.0491%	4h	0.5902	−0.269%	$10.1M	$10.3M	50x	as long as short
Aster EDGEUSDTlong	+0.0493%	4h	0.5918	long leg	$68K	$132K	5x
Orderly PERP_EDGE_USDC	+0.0704%	4h	0.5912	−0.099%	$3K	—	10x	as long as short