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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against Gate+0.100%7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs−$271as in the Funding arb table
Net, price: spread back to 7d avg − costs−$270as in the Price arb table
costs, in and out, $10k−$2712.710% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 3 days (all we have)+0.269%+$27 · spread now +0.100%, 7d avg +0.088%
Together, before fees+0.269%+$27 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate S_USDT0.039860.0100pay 0.0050% / 4h3h 31m$326K$216K50x
ShortApeX Omni SUSDT0.039900.0100get 0.0013% / 1h31m 36s$26K$446K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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
$0
Price spread: +0.100% → +0.088%
$1.23
Slippage, 4 orders
−$245.95
Fee Gate: 7.5 bp × 2 orders
−$15
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$269.72
Costs to cover
2.710%
Break-even
never at this rate
Slippage from Gate: live order book, 38 min ago; ApeX Omni: live order book, 41 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 38 min ago8.92 bp74.4 bp −$74doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 41 min ago38.22 bp63.0 bp −$63doesn't fitdoesn't fitdoesn't fit

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−0.3256%1h0.03990+0.100%$25K$2K5xas long as short
Kraken Futures PF_SUSD−0.2027%1h0.03986−0.002%$34K$23K10xas long as short
Coinbase International S-PERP-INTX−0.1240%1h0.03826−4.014%$47K$5K25xas long as short
Variational Omni S−0.0873%4h0.03979−0.179%$618K$31Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.03991+0.123%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.03987+0.029%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03991+0.125%$615150xas long as short
Orderly PERP_S_USDC+0.0022%4h0.03989+0.075%$102K$335K10xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+2.860%$2K$37K12xas long as short
Lighter S+0.0096%1h0.03994+0.201%$163K$191K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.03991+0.133%$999K$630K5xas long as short
Aster SUSDT+0.0100%4h0.03991+0.132%$44K$141K10xas long as short
Binance SUSDT+0.0100%4h0.03991+0.125%$5.5M$16.1M75xas long as short
Bybit SUSDT+0.0100%4h0.03988+0.050%$5.7M$5.0M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.03992+0.151%$984K$4.6M20xas long as short
Gate S_USDTlong+0.0100%4h0.03986long leg$326K$216K50x
MEXC S_USDT+0.0100%4h0.03991+0.125%$3.7M$1.9M200xas long as short
KuCoin SUSDTM+0.0100%4h0.03992+0.151%$1.8M$2.9M50xas long as short
Bitget SUSDT+0.0100%4h0.03993+0.176%$1.2M$2.4M50xas long as short
BingX S-USDT+0.0100%4h0.03991+0.125%$6.7Mas long as short
ApeX Omni SUSDTshort+0.0100%1h0.03990+0.100%$26K$446K50x
Extended S-USD+0.0104%1h0.03989+0.086%$225K$1.1M10xas long as short
Backpack S_USDC_PERP+0.0137%1h0.03990+0.100%$116K$320K5xas long as short
BloFin S-USDT+0.0340%4h0.03985−0.025%$269K$126K75xas long as short
Deribit S_USDC-PERPETUAL+0.0501%1h0.03995+0.226%$67K$10K10xas long as short