Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h +0.015%

Price spread now: Binance against ApeX Omni+0.098%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$210.209% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 7 days−0.090%−$9 · spread now +0.098%, 7d avg −0.004%

Together, before fees−0.014%−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.102% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.098% now, against its 7-day average of −0.004%): +$10 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 26 days. Mind the row above: over the last 7 days funding on this pair paid +0.077%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ETHUSDT	2,772.4	0.0073	pay 0.0009% / 1h	25m 19s	$8.8M	$32.6M	100x
Short	Binance ETHUSDT	2,775.1	0.0060	get 0.0060% / 8h	1h 25m	$6.43B	$17.17B	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.098%Rate

Funding earned: −$2.71
Price spread: +0.098% → −0.004%: $10.21
Slippage, 4 orders: −$0.94
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$13.43
Costs to cover: 0.209%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 4 min ago; Binance: 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 ApeX Omni live order book, 4 min ago	0.45 bp	5.5 bp −$5	6.1 bp −$61	24.5 bp −$2,447	40.9 bp −$20.5K
Sell Binance live order book, 4 min ago	0.02 bp	5.0 bp −$5	5.0 bp −$50	5.9 bp −$595	8.9 bp −$4,436

ETH on 55 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
Perpl ETH	−0.0447%	43m	2,774	+0.057%	$288K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0085%	1h	2,773.3	+0.030%	$5.8M	$12.0M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,771.8	−0.023%	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0041%	1h	2,771.8	−0.023%	$119K	$22.5M	52x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,773.9	+0.053%	$169K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0014%	1h	2,773.6	+0.041%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,773.4	+0.035%	$12.7M	$45.5M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,773.9	+0.053%	$885K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,775.8	+0.123%	$22.4M	—	200x	as long as short
BingX ETH-USDT	+0.0017%	8h	2,775.1	+0.096%	—	$1.18B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex ETHUSDT	+0.0021%	8h	2,775.5	+0.110%	$269.8M	$68.7M	150x	as long as short
OKX ETH-USDT-SWAP	+0.0021%	8h	2,774.5	+0.075%	$1.69B	$11.86B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0027% / S +0.0009%	1h	2,775.7	+0.118%	$13.0M	—	200x	as long as short
Aster ETHUSDT	+0.0033%	8h	2,775	+0.092%	$256.1M	$991.4M	200x	as long as short
Bullet ETH-USD	+0.0037%	1h	2,774.7	+0.082%	$181K	$1.7M	20x	as long as short
MEXC ETH_USDT	+0.0060%	8h	2,774.9	+0.089%	$1.62B	$2.67B	500x	as long as short
Binance ETHUSDTshort	+0.0060%	8h	2,775.1	+0.098%	$6.43B	$17.17B	150x
Nado ETH-PERP	+0.0060%	1h	2,772.8	+0.013%	$14.3M	$118.1M	50x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,772.4	0.000%	$5.0M	$636K	20x	as long as short
Bitget ETHUSDT	+0.0071%	8h	2,774.8	+0.086%	$2.10B	$3.10B	150x	as long as short
Gate ETH_USDT	+0.0073%	8h	2,775	+0.092%	$3.29B	$9.62B	200x	as long as short
ApeX Omni ETHUSDTlong	+0.0073%	1h	2,772.4	long leg	$8.8M	$32.6M	100x
SoDEX ETH-USD	+0.0076%	1h	2,774.7	+0.082%	$55.2M	$228.9M	40x	as long as short
Bybit ETHUSDT	+0.0093%	8h	2,775	+0.091%	$2.51B	$4.62B	150x	as long as short
HTX ETH-USDT	+0.0094%	8h	2,774.5	+0.075%	$1.08B	$1.32B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,775.6	+0.113%	$115.1M	$500.3M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,774	+0.057%	$25.3M	$121.5M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,773.4	+0.037%	—	$41.6M	500x	as long as short
Deribit ETH-PERPETUAL	+0.0096%	1h	2,776.5	+0.145%	$258.3M	$222.1M	50x	as long as short
KuCoin ETHUSDTM	+0.0097%	8h	2,773.6	+0.042%	$423.4M	$739.4M	100x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,771.8	−0.024%	$15.9M	$10.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,773.6	+0.042%	$477K	$2.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,777.1	+0.168%	$3.19B	$2.37B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,772.8	+0.013%	$31.2M	$299.8M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,772.4	−0.001%	$2.8M	$16.9M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,775.3	+0.102%	$2.7M	$17.5M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,767.4	−0.180%	$166.0M	$246.7M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,771.2	−0.046%	$15.1M	$44.6M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,771.9	−0.019%	$137.1M	$324.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,770.7	−0.062%	$181.3M	$782.1M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,772.9	+0.019%	$161.3M	$91.2M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,774.1	+0.060%	$21.4M	$58.0M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,774.5	+0.073%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,776	+0.129%	$10.8M	$7.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,775.7	+0.119%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,777	+0.164%	$42.7M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,773	+0.020%	$971K	$14.0M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,774.3	+0.066%	$32.8M	$77.4M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,776.1	+0.133%	$60.1M	$4.60B	50x	as long as short
Kalshi KXETHPERP	+0.0123%	8h	2,774.5	+0.075%	$8.4M	$678.1M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0136%	8h	2,777.5	+0.181%	$32.6M	$12.0M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0170%	1h	2,775.9	+0.125%	$86.0M	$331.7M	100x	as long as short
BloFin ETH-USDT	+0.0180%	8h	2,774.5	+0.074%	$285.6M	$194.6M	150x	as long as short
Reya ETHRUSDPERP	+0.0191%	1h	2,774.5	+0.074%	$7.4M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0192%	1h	2,775.1	+0.097%	$271K	$1.5M	20x	as long as short