Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h −0.055%

Price spread now: ApeX Omni against MEXC−0.170%51s7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$413as 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−$3913.908% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.219%−$22 on $10k

Price spread, last 3 days (all we have)+0.325%+$32 · spread now −0.170%, 7d avg +0.016%

Together, before fees+0.106%+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and ApeX Omni is 0.186% cheaper against MEXC than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.016%). Swap the legs. The two prices were read 51 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	MEXC EDGE_USDT	0.5878	0.0384	pay 0.0192% / 4h	1h 44m	$1.2M	$919K	50x
Short	ApeX Omni EDGEUSDT	0.5868	0.0100	get 0.0013% / 1h	44m 43s	$8K	$295K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now −0.170%Rate

Funding earned: −$59.64
Price spread: −0.170% → +0.016%: −$18.64
Slippage, 4 orders: −$372.75
Fee MEXC: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$469.03
Costs to cover: 3.908%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; ApeX Omni: live order book, 37 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 MEXC live order book, 1 min ago	0.85 bp	7.3 bp −$7	61.0 bp −$610	255.5 bp −$25.6K	765.1 bp −$382.6K
Sell ApeX Omni live order book, 37 min ago	18.70 bp	187.6 bp −$188	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	0.5859	−0.320%	$54K	$8K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5862	−0.272%	$6.9M	$3.3M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5862	−0.272%	$4.7M	$991K	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5872	−0.099%	$59K	$100K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5856	−0.375%	$191K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5863	−0.255%	$8K	$1.8M	10x	as long as short
ApeX Omni EDGEUSDTshort	+0.0100%	1h	0.5868	−0.170%	$8K	$295K	50x
SunX EDGE-USDT	+0.0100%	4h	0.6134	+4.355%	$4K	$605K	10x	as long as short
KuCoin EDGEUSDTM	+0.0224%	4h	0.5872	−0.102%	$2.1M	$2.3M	50x	as long as short
BloFin EDGE-USDT	+0.0375%	4h	0.5875	−0.051%	$629K	$125K	50x	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	+0.0384%	1h	0.5876	−0.027%	$27K	$230K	5x	as long as short
MEXC EDGE_USDTlong	+0.0384%	4h	0.5878	long leg	$1.2M	$919K	50x
Binance EDGEUSDT	+0.0398%	4h	0.5877	−0.017%	$10.0M	$10.0M	50x	as long as short
Aster EDGEUSDT	+0.0401%	4h	0.5859	−0.329%	$67K	$136K	5x	as long as short
edgeX EDGEUSDC	+0.0450%	4h	0.5865	−0.229%	$14.0M	$3.4M	30x	as long as short
Orderly PERP_EDGE_USDC	+0.0476%	4h	0.5871	−0.119%	$3K	—	10x	as long as short
OKX EDGE-USDT-SWAP	+0.0489%	4h	0.5879	+0.017%	$3.6M	$5.8M	20x	as long as short