Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.059%

Price spread now: ApeX Omni against Aster−1.664%89s7-day average −0.016% · 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—prices read too far apart to compare

costs, in and out, $10k−$2422.417% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.300%+$30 on $10k

Price spread, last 4 days (all we have)+2.302%+$230 · spread now −1.664%, 7d avg −0.016%

Together, before fees+2.602%+ Points / potential airdropAster: Stage 5 · farm board+$260 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: ApeX Omni is 1.648% cheaper against Aster than usual: you would sell low and buy high, −$165 on $10k if it goes back to its 7-day average of −0.016%. The two prices were read 89 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SUSDT	0.04444	0.0100	pay 0.0050% / 4h	3h 00m	$47K	$189K	10x
Short	ApeX Omni SUSDT	0.04370	0.0100	get 0.0013% / 1h	0m 06s	$25K	$516K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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 AsterbpFee ApeX OmnibpOrdersPrice spread, now −1.664%Rate

Funding earned: $0
Price spread: −1.664% → −0.016%: −$164.77
Slippage, 4 orders: −$223.74
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$406.51
Costs to cover: 2.417%
Break-even: never at this rate

Slippage from Aster: live order book, 31 min ago; ApeX Omni: live order book, 32 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 Aster live order book, 31 min ago	13.90 bp	76.4 bp −$76	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 32 min ago	34.84 bp	58.7 bp −$59	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	−0.2571%	1h	0.04413	−0.691%	$38K	$23K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1248%	1h	0.04308	−3.059%	$53K	$18K	25x	as long as short
01 Exchange SUSD	−0.1040%	1h	0.04450	+0.136%	$27K	$3K	5x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04453	+0.193%	$2K	—	100x	as long as short
Variational Omni S	−0.0135%	4h	0.04430	−0.321%	$688K	$7K	—	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04439	−0.101%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04455	+0.243%	$687	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	−7.740%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0063%	4h	0.04451	+0.159%	$111K	$648K	10x	as long as short
Lighter S	+0.0096%	1h	0.04451	+0.159%	$155K	$150K	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	0.04445	+0.033%	$1.1M	$780K	5x	as long as short
Aster SUSDTlong	+0.0100%	4h	0.04444	long leg	$47K	$189K	10x
Binance SUSDT	+0.0100%	4h	0.04445	+0.027%	$6.5M	$18.2M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04437	−0.156%	$6.3M	$5.0M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04440	−0.089%	$1.3M	$5.4M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04444	+0.001%	$374K	$239K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04450	+0.136%	$4.6M	$2.6M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04447	+0.069%	$2.1M	$2.9M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04446	+0.046%	$1.3M	$2.8M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04447	+0.069%	—	$7.0M	—	as long as short
ApeX Omni SUSDTshort	+0.0100%	1h	0.04370	−1.664%	$25K	$516K	50x
Extended S-USD	+0.0104%	1h	0.04448	+0.091%	$244K	$1.3M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04446	+0.046%	$314K	$202K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0648%	1h	0.04459	+0.339%	$75K	$512	10x	as long as short
Backpack S_USDC_PERP	+0.0929%	1h	0.04460	+0.361%	$105K	$473K	5x	as long as short