Settings8H · net · $10k
Funding arb · Price arb /

S

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0048%/8h= −5.3% APRnext payment $0.06 per $10,000 · paid last 24h −0.032%
Price spread now: gTrade (Gains Network) against ApeX Omni+0.172%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. gTrade (Gains Network) is 0.172% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.172% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni SUSDT0.040500.0042pay 0.0005% / 1h39m 13s$25K$456K50x
ShortgTrade (Gains Network) S/USD0.04057L +0.0001% / S +0.0006%pay 0.0001% / 1h39m 13s$3K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Funding earned
−$10.17
Price spread: +0.172% → 0.000%
$17.23
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$12.94
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 18 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 18 min ago24.51 bp54.5 bp −$54doesn't fitdoesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

S on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SUSD−0.8712%1h0.03970−1.975%$25K$2K5xas long as short
Kraken Futures PF_SUSD−0.2520%1h0.04051+0.037%$34K$13K10xas long as short
Coinbase International S-PERP-INTX−0.1376%1h0.04022−0.691%$48K$16K25xas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04059+0.215%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.04054+0.101%$415xas long as short
Variational Omni S−0.0051%4h0.04048−0.056%$627K$30Kas long as short
gTrade (Gains Network) S/USDshortL +0.0001% / S +0.0006%1h0.04057+0.172%$3K150x
Injective S/USDC PERP+0.0033%1h0.04100+1.235%$2K$37K12xas long as short
ApeX Omni SUSDTlong+0.0042%1h0.04050long leg$25K$456K50x
Orderly PERP_S_USDC+0.0061%4h0.04055+0.123%$101K$300K10xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter S+0.0096%1h0.04059+0.222%$171K$154K5xas long as short
Hyperliquid S+0.0100%1h0.04057+0.180%$1.0M$548K5xas long as short
Aster SUSDT+0.0100%4h0.04058+0.201%$44K$130K10xas long as short
Binance SUSDT+0.0100%4h0.04055+0.123%$5.6M$13.6M75xas long as short
Bybit SUSDT+0.0100%4h0.04052+0.049%$5.8M$4.5M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04053+0.074%$1.1M$3.9M20xas long as short
Gate S_USDT+0.0100%4h0.04060+0.247%$333K$187K50xas long as short
MEXC S_USDT+0.0100%4h0.04055+0.123%$3.9M$1.8M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04052+0.049%$1.9M$2.7M50xas long as short
Bitget SUSDT+0.0100%4h0.04058+0.198%$1.2M$2.1M50xas long as short
BingX S-USDT+0.0100%4h0.04056+0.148%$6.8Mas long as short
Extended S-USD+0.0104%1h0.04052+0.055%$233K$1.1M10xas long as short
BloFin S-USDT+0.0340%4h0.04060+0.247%$281K$98K75xas long as short
Deribit S_USDC-PERPETUAL+0.0736%1h0.04060+0.247%$68K$10K10xas long as short
Backpack S_USDC_PERP+0.0987%1h0.04070+0.494%$118K$398K5xas long as short