Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0313%/8h= −34.3% APRpaid last 24h −0.102%

Price spread now: ApeX Omni against BloFin+0.896%7-day average −0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$454as in the Funding arb table

Net, price: spread back to 7d avg − costs−$334as in the Price arb table

costs, in and out, $10k−$4294.292% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.249%−$25 on $10k

Price spread, last 4 days (all we have)−1.145%−$115 · spread now +0.896%, 7d avg −0.053%

Together, before fees−1.395%−$139 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.949% dearer against BloFin than usual: you sell high and buy low (spread +0.896% now, against its 7-day average of −0.053%): +$95 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 10 days. At the pace of the last 7 days (−0.249% in total) that is about 27 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin EDGE-USDT	0.5915	0.0413	pay 0.0206% / 4h	3h 48m	$656K	$102K	50x
Short	ApeX Omni EDGEUSDT	0.5968	0.0100	get 0.0013% / 1h	48m 04s	$9K	$305K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now +0.896%Rate

Funding earned: −$65.71
Price spread: +0.896% → −0.053%: $94.93
Slippage, 4 orders: −$407.24
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$400.02
Costs to cover: 4.292%
Break-even: never at this rate

Slippage from BloFin: live order book, 48 min ago; ApeX Omni: live order book, 4 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 BloFin live order book, 48 min ago	5.87 bp	38.5 bp −$39	168.9 bp −$1,689	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 4 min ago	16.82 bp	180.3 bp −$180	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
Lighter EDGE	+0.0096%	1h	0.5927	+0.198%	$43K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5944	+0.490%	$7.1M	$3.4M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5924	+0.152%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5947	+0.541%	$4.7M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5939	+0.409%	$58K	$110K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5928	+0.228%	$188K	$136K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5964	+0.835%	$12K	$2.5M	10x	as long as short
ApeX Omni EDGEUSDTshort	+0.0100%	1h	0.5968	+0.896%	$9K	$305K	50x
SunX EDGE-USDT	+0.0100%	4h	0.5898	−0.287%	$4K	$624K	10x	as long as short
BloFin EDGE-USDTlong	+0.0413%	4h	0.5915	long leg	$656K	$102K	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster EDGEUSDT	+0.0439%	4h	0.5927	+0.195%	$57K	$154K	5x	as long as short
Extended EDGE-USD	+0.0456%	1h	0.5945	+0.505%	$27K	$196K	5x	as long as short
MEXC EDGE_USDT	+0.0458%	4h	0.5937	+0.372%	$1.1M	$863K	50x	as long as short
Binance EDGEUSDT	+0.0458%	4h	0.5947	+0.541%	$10.2M	$10.5M	50x	as long as short
edgeX EDGEUSDC	+0.0497%	4h	0.5968	+0.892%	$14.3M	$3.6M	30x	as long as short
OKX EDGE-USDT-SWAP	+0.0527%	4h	0.5958	+0.727%	$3.7M	$5.8M	20x	as long as short
Orderly PERP_EDGE_USDC	+0.0557%	4h	0.5931	+0.270%	$3K	$359	10x	as long as short