Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0005%/8h= −0.6% APRpaid last 24h −0.127%

Price spread now: Aster against ApeX Omni−0.355%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$239as in the Price arb table

costs, in and out, $10k−$2022.022% of the position

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.302%−$30 on $10k

Price spread, last 3 days (all we have)−0.042%−$4 · spread now −0.355%, 7d avg +0.014%

Together, before fees−0.344%+ Points / potential airdropAster: Stage 5 · farm board−$34 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.369% cheaper against ApeX Omni than usual: you would sell low and buy high, −$37 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SUSDT	0.03920	0.0100	pay 0.0013% / 1h	25m 28s	$25K	$465K	50x
Short	Aster SUSDT	0.03906	0.0095	get 0.0047% / 4h	1h 25m	$43K	$212K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.355%Rate

Funding earned: −$1.15
Price spread: −0.355% → +0.014%: −$36.89
Slippage, 4 orders: −$184.19
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$240.23
Costs to cover: 2.022%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 57 min ago; Aster: live order book, 56 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, 57 min ago	25.51 bp	56.5 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 56 min ago	10.19 bp	34.7 bp −$35	doesn't fit	doesn't fit	doesn't fit

S on 25 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
Kraken Futures PF_SUSD	−0.1602%	1h	0.03902	−0.453%	$33K	$26K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1576%	1h	0.03826	−2.398%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0847%	4h	0.03915	−0.127%	$609K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0196% / S +0.0189%	1h	0.03907	−0.324%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03905	−0.383%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03908	−0.302%	$602	—	150x	as long as short
Orderly PERP_S_USDC	+0.0029%	4h	0.03906	−0.357%	$99K	$346K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.592%	$2K	$37K	12x	as long as short
Aster SUSDTshort	+0.0095%	4h	0.03906	−0.355%	$43K	$212K	10x
Lighter S	+0.0096%	1h	0.03910	−0.255%	$164K	$223K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.03907	−0.339%	$980K	$757K	5x	as long as short
Binance SUSDT	+0.0100%	4h	0.03906	−0.346%	$5.3M	$19.2M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03900	−0.510%	$5.6M	$5.7M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03905	−0.383%	$973K	$5.9M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03903	−0.434%	$319K	$265K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03904	−0.408%	$3.5M	$2.3M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03902	−0.459%	$1.8M	$3.0M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03910	−0.255%	$1.2M	$2.6M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03903	−0.434%	—	$6.7M	—	as long as short
ApeX Omni SUSDTlong	+0.0100%	1h	0.03920	long leg	$25K	$465K	50x
Extended S-USD	+0.0104%	1h	0.03903	−0.433%	$219K	$881K	10x	as long as short
01 Exchange SUSD	+0.0136%	1h	0.03900	−0.510%	$24K	$2K	5x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03918	−0.051%	$268K	$126K	75x	as long as short
Backpack S_USDC_PERP	+0.0355%	1h	0.03920	0.000%	$114K	$301K	5x	as long as short
Deribit S_USDC-PERPETUAL	+0.0518%	1h	0.03910	−0.255%	$66K	$10K	10x	as long as short