Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h −0.011%

Price spread now: ApeX Omni against edgeX+0.029%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$210.210% of the position

Long on edgeX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.190%−$19 on $10k

Price spread, last 7 days−0.020%−$2 · spread now +0.029%, 7d avg +0.035%

Together, before fees−0.210%+ Points / potential airdropedgeX: Active · farm board−$21 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: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ETHUSDC	2,721.7	0.0100	pay 0.0050% / 4h	18m 26s	$185.2M	$682.4M	100x
Short	ApeX Omni ETHUSDT	2,722.5	0.0051	get 0.0006% / 1h	18m 26s	$8.4M	$31.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against edgeX. 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 edgeXbpFee ApeX OmnibpOrdersPrice spread, now +0.029%Rate

Funding earned: −$10.32
Price spread: +0.029% → +0.035%: −$0.57
Slippage, 4 orders: −$2.02
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$31.91
Costs to cover: 0.210%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; ApeX Omni: live order book, 1 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 edgeX live order book, 1 min ago	0.26 bp	5.7 bp −$6	5.7 bp −$57	5.9 bp −$592	7.6 bp −$3,821
Sell ApeX Omni live order book, 1 min ago	0.07 bp	5.4 bp −$5	7.4 bp −$74	25.2 bp −$2,518	86.1 bp −$43.0K

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	2,725.5	+0.140%	$276K	$5.7M	8.3x	as long as short
BloFin ETH-USDT	−0.0177%	8h	2,726	+0.157%	$281.9M	$177.6M	150x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,726	+0.157%	$5K	$1K	50x	as long as short
Phoenix ETH	−0.0015%	1h	2,724.5	+0.102%	$808K	$3.0M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,726.3	+0.168%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,726.4	+0.172%	$10.5M	$41.9M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,725.9	+0.154%	$6.7M	$678.6M	4.9x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,726.8	+0.186%	$263.6M	$213.9M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,726.4	+0.171%	$32.9M	—	200x	as long as short
BingX ETH-USDT	+0.0017%	8h	2,725.9	+0.153%	—	$1.08B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0020%	8h	2,726	+0.158%	$2.32B	$4.34B	150x	as long as short
HTX ETH-USDT	+0.0031%	8h	2,726.5	+0.175%	$1.05B	$1.22B	200x	as long as short
01 Exchange ETHUSD	+0.0032%	1h	2,726.8	+0.187%	$190K	$884K	50x	as long as short
Injective ETH/USDC PERP	+0.0050%	1h	2,730.5	+0.323%	$166K	$21.6M	52x	as long as short
ApeX Omni ETHUSDTshort	+0.0051%	1h	2,722.5	+0.029%	$8.4M	$31.5M	100x
Hibachi ETH/USDT-P	+0.0056%	1h	2,727.9	+0.227%	$242K	$1.4M	20x	as long as short
Kraken Futures PF_ETHUSD	+0.0060%	1h	2,727.5	+0.213%	$81.9M	$310.8M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0072%	8h	2,726.2	+0.164%	$1.65B	$10.79B	100x	as long as short
KuCoin ETHUSDTM	+0.0074%	8h	2,726	+0.158%	$382.1M	$577.5M	100x	as long as short
Aster ETHUSDT	+0.0077%	8h	2,726	+0.158%	$252.6M	$847.2M	200x	as long as short
MEXC ETH_USDT	+0.0088%	8h	2,725.9	+0.153%	$1.58B	$2.59B	500x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,723.8	+0.077%	$4.9M	$172K	20x	as long as short
Binance ETHUSDT	+0.0088%	8h	2,725.9	+0.154%	$6.30B	$16.11B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,726.5	+0.177%	$112.3M	$433.0M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,727.9	+0.227%	$23.4M	$102.4M	50x	as long as short
Phemex ETHUSDT	+0.0099%	8h	2,726.5	+0.176%	$262.7M	$64.5M	150x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,726	+0.157%	$500K	$3.6M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,730.9	+0.336%	$15.4M	$7.6M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,726.2	+0.164%	$14.0M	$104.6M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,728.4	+0.246%	$3.10B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,726.9	+0.191%	$32.1M	$333.3M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,726.3	+0.168%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,726.9	+0.190%	$1.6M	$16.0M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,726.1	+0.161%	$3.31B	$8.93B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,726.2	+0.164%	$2.11B	$2.77B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,726.3	+0.170%	$15.0M	$40.5M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,722.2	+0.019%	$133.6M	$316.4M	—	as long as short
edgeX ETHUSDClong	+0.0100%	4h	2,721.7	long leg	$185.2M	$682.4M	100x
GRVT ETH_USDT_Perp	+0.0100%	8h	2,723.4	+0.063%	$158.3M	$81.9M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,726.8	+0.187%	$20.9M	$70.1M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,727.7	+0.221%	—	$445K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,727.3	+0.205%	$11.2M	$9.4M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,726.9	+0.189%	$182K	$1.7M	20x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,728.4	+0.245%	$40.8M	$29.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,725.8	+0.149%	$956K	$10.8M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,726.1	+0.161%	$54.3M	$182.7M	40x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,726.7	+0.184%	$161.2M	$356.8M	25x	as long as short
Aftermath Perps ETHUSD	+0.0101%	1h	2,725.4	+0.134%	$30K	$20K	20x	as long as short
Extended ETH-USD	+0.0104%	1h	2,725.5	+0.137%	$30.4M	$71.6M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0056%	1h	2,726.4	+0.173%	—	$30.2M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,728.5	+0.247%	$46.6M	$4.28B	50x	as long as short
RISEx ETH/USDC	+0.0114%	1h	2,727	+0.195%	$5.6M	$11.7M	25x	as long as short
Reya ETHRUSDPERP	+0.0179%	1h	2,725.1	+0.125%	$7.3M	$972K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0184%	8h	2,728.5	+0.248%	$32.2M	$11.2M	100x	as long as short
Bluefin ETH-PERP	+0.0384%	1h	2,726.6	+0.180%	$20K	$23K	25x	as long as short