Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hpaid last 24h 0.000%

Price spread now: ApeX Omni against Bitget+0.924%83s7-day average +0.074% · you sell dearer than you buy

to open and close $10k−$403fees + slippage, both legs, in and out

costs, in % of the position4.027%what the two incomes have to cover

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.640%−$64 · spread now +0.924%, 7d avg +0.074%

Together, before fees−0.640%−$64 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: ApeX Omni is 0.850% dearer against Bitget than usual: you sell high and buy low, +$85 on $10k if it goes back to its 7-day average of +0.074%. 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	Bitget EDGEUSDT	0.5954	0.0100	pay 0.0050% / 4h	44m 08s	$4.7M	$951K	20x
Short	ApeX Omni EDGEUSDT	0.6009	0.0100	get 0.0013% / 1h	44m 08s	$1K	$288K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now +0.924%Rate

Funding earned: $0
Price spread: +0.924% → +0.074%: $85.01
Slippage, 4 orders: −$380.74
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$317.73
Costs to cover: 4.027%
Break-even: never at this rate

Slippage from Bitget: live order book, 8 min ago; ApeX Omni: live order book, 7 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 Bitget live order book, 8 min ago	5.85 bp	39.3 bp −$39	349.1 bp −$3,491	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 7 min ago	16.63 bp	159.6 bp −$160	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
Backpack EDGE_USDC_PERP	−0.1417%	1h	0.5955	+0.015%	$57K	$113K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5941	−0.212%	$55K	$9K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5950	−0.067%	$7.0M	$3.2M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5952	−0.034%	$2.1M	$2.3M	50x	as long as short
Bitget EDGEUSDTlong	+0.0100%	4h	0.5954	long leg	$4.7M	$951K	20x
Variational Omni EDGE	+0.0100%	4h	0.5996	+0.704%	$180K	$111K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.6011	+0.957%	$2K	$1.4M	10x	as long as short
ApeX Omni EDGEUSDTshort	+0.0100%	1h	0.6009	+0.924%	$1K	$288K	50x
SunX EDGE-USDT	+0.0100%	4h	0.6243	+4.854%	$4K	$579K	10x	as long as short
OKX EDGE-USDT-SWAP	+0.0170%	4h	0.5964	+0.168%	$3.6M	$5.7M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EDGEUSDC	+0.0194%	4h	0.6008	+0.914%	$14.4M	$3.5M	30x	as long as short
Binance EDGEUSDT	+0.0277%	4h	0.5961	+0.111%	$10.1M	$9.8M	50x	as long as short
Extended EDGE-USD	+0.0280%	1h	0.5954	+0.001%	$27K	$230K	5x	as long as short
MEXC EDGE_USDT	+0.0288%	4h	0.5960	+0.101%	$1.2M	$916K	50x	as long as short
BloFin EDGE-USDT	+0.0317%	4h	0.5980	+0.437%	$657K	$127K	50x	as long as short
Aster EDGEUSDT	+0.0318%	4h	0.5956	+0.041%	$68K	$132K	5x	as long as short
Orderly PERP_EDGE_USDC	+0.0504%	4h	0.5959	+0.084%	$3K	—	10x	as long as short