Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h +0.011%

Price spread now: edgeX against ApeX Omni−0.024%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$200.205% of the position

Long on ApeX Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.188%+$19 on $10k

Price spread, last 7 days+0.013%+$1 · spread now −0.024%, 7d avg −0.035%

Together, before fees+0.201%+ Points / potential airdropedgeX: Active · farm board+$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.035%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ETHUSDT	2,731.7	0.0025	pay 0.0003% / 1h	33m 05s	$8.4M	$31.2M	100x
Short	edgeX ETHUSDC	2,731	0.0100	get 0.0050% / 4h	3h 33m	$185.8M	$683.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.024%Rate

Funding earned: $15.78
Price spread: −0.024% → −0.035%: $1.07
Slippage, 4 orders: −$1.45
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$3.6
Costs to cover: 0.205%
Break-even: 8.6 days

Slippage from ApeX Omni: live order book, 6 min ago; edgeX: live order book, 6 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, 6 min ago	0.33 bp	5.3 bp −$5	7.2 bp −$72	19.9 bp −$1,986	46.1 bp −$23.1K
Sell edgeX live order book, 6 min ago	0.09 bp	4.9 bp −$5	4.9 bp −$49	5.0 bp −$500	6.0 bp −$3,011

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
BloFin ETH-USDT	−0.0174%	8h	2,727	−0.171%	$280.2M	$176.7M	150x	as long as short
HTX ETH-USDT	−0.0113%	8h	2,726.5	−0.189%	$1.05B	$1.21B	200x	as long as short
Perpl ETH	−0.0112%	43m	2,731.1	−0.021%	$277K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,727	−0.171%	$5K	$1K	50x	as long as short
Bybit ETHUSDT	−0.0060%	8h	2,727.1	−0.168%	$2.31B	$4.29B	150x	as long as short
SunX ETH-USDT	−0.0024%	8h	2,726.3	−0.197%	$940K	$10.6M	100x	as long as short
Phoenix ETH	−0.0012%	1h	2,732	+0.012%	$806K	$3.0M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,727.4	−0.156%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,728	−0.132%	$10.5M	$41.9M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,728.4	−0.119%	$6.7M	$669.8M	4.9x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ETH-PERPETUAL	0.0000%	1h	2,728.7	−0.110%	$264.1M	$219.8M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,728.3	−0.125%	$32.9M	—	200x	as long as short
Gate ETH_USDT	+0.0024%	8h	2,727.3	−0.161%	$3.27B	$8.26B	200x	as long as short
ApeX Omni ETHUSDTlong	+0.0025%	1h	2,731.7	long leg	$8.4M	$31.2M	100x
01 Exchange ETHUSD	+0.0040%	1h	2,727.8	−0.141%	$194K	$889K	50x	as long as short
Hibachi ETH/USDT-P	+0.0048%	1h	2,731.4	−0.009%	$237K	$1.4M	20x	as long as short
SoDEX ETH-USD	+0.0052%	1h	2,727.5	−0.152%	$54.3M	$182.4M	40x	as long as short
OKX ETH-USDT-SWAP	+0.0076%	8h	2,727.3	−0.158%	$1.65B	$10.63B	100x	as long as short
Aster ETHUSDT	+0.0076%	8h	2,727.8	−0.141%	$252.4M	$843.2M	200x	as long as short
Aevo ETH-PERP	+0.0080%	1h	2,727.8	−0.141%	$4.9M	$195K	20x	as long as short
KuCoin ETHUSDTM	+0.0083%	8h	2,727.8	−0.142%	$382.8M	$573.1M	100x	as long as short
MEXC ETH_USDT	+0.0087%	8h	2,727.7	−0.146%	$1.57B	$2.56B	500x	as long as short
Binance ETHUSDT	+0.0087%	8h	2,727.7	−0.146%	$6.31B	$16.00B	150x	as long as short
Bullet ETH-USD	+0.0089%	1h	2,727.2	−0.164%	$176K	$1.7M	20x	as long as short
Lighter ETH	+0.0096%	1h	2,728.4	−0.120%	$112.4M	$401.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,729.6	−0.076%	$23.7M	$96.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,727.8	−0.140%	—	$30.4M	500x	as long as short
Phemex ETHUSDT	+0.0096%	8h	2,727.8	−0.141%	$262.8M	$63.2M	150x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,727.4	−0.156%	$497K	$3.6M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,731	−0.024%	$15.4M	$7.2M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,727.3	−0.161%	$14.3M	$101.0M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,729.7	−0.072%	$3.11B	$2.03B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,728.3	−0.123%	$32.1M	$333.3M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,726.8	−0.178%	$2.7M	$16.3M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,727.6	−0.148%	$1.6M	$15.8M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,729.4	−0.083%	$164.7M	$339.6M	25x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,727.6	−0.147%	$2.11B	$2.73B	150x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,727.3	−0.160%	—	$1.04B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,727.2	−0.162%	$15.1M	$39.9M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,730.8	−0.033%	$132.0M	$316.4M	—	as long as short
edgeX ETHUSDCshort	+0.0100%	4h	2,731	−0.024%	$185.8M	$683.1M	100x
GRVT ETH_USDT_Perp	+0.0100%	8h	2,731.8	+0.005%	$158.8M	$80.0M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,731.5	−0.006%	$21.0M	$70.9M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,729.8	−0.066%	—	$436K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,727.3	−0.160%	$11.2M	$9.3M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,732.9	+0.045%	$40.6M	$29.2M	15x	as long as short
Extended ETH-USD	+0.0104%	1h	2,726.3	−0.197%	$30.5M	$71.0M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0105%	1h	2,728.4	−0.119%	$81.9M	$309.0M	100x	as long as short
Aftermath Perps ETHUSD	+0.0118%	1h	2,731.1	−0.019%	$30K	$20K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,728.6	−0.113%	$45.9M	$4.22B	50x	as long as short
RISEx ETH/USDC	+0.0137%	1h	2,728.2	−0.128%	$5.7M	$11.4M	25x	as long as short
Reya ETHRUSDPERP	+0.0172%	1h	2,729.3	−0.085%	$7.3M	$972K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0184%	8h	2,729.1	−0.093%	$32.2M	$10.9M	100x	as long as short
Injective ETH/USDC PERP	+0.0253%	1h	2,735	+0.122%	$117K	$21.0M	52x	as long as short
Bluefin ETH-PERP	+0.1794%	1h	2,727.9	−0.138%	$20K	$23K	25x	as long as short