Funding arb · Price arb /

SIGN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0274%/8h= −30.0% APRpaid last 24h −0.041%

Price spread now: ApeX Omni against Bybit+0.092%109s7-day average +0.153% · you sell dearer than you buy

Net, funding: paid 7d − costs−$155as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1521.518% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 4 days (all we have)+0.139%+$14 · spread now +0.092%, 7d avg +0.153%

Together, before fees+0.111%+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and ApeX Omni is 0.061% cheaper against Bybit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.153%). Swap the legs. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.028% in total (about -1.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SIGNUSDT	0.01196	0.0100	pay 0.0050% / 4h	2h 03m	$2.1M	$361K	25x
Short	ApeX Omni SIGNUSDT	0.01197	−0.0174	pay 0.0022% / 1h	3m 46s	$30K	$673K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now +0.092%Rate

Funding earned: −$57.57
Price spread: +0.092% → +0.153%: −$6.1
Slippage, 4 orders: −$130.81
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$215.48
Costs to cover: 1.518%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; ApeX Omni: live order book, 44 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 Bybit live order book, 3 min ago	5.01 bp	50.2 bp −$50	1284.4 bp −$12.8K	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 44 min ago	12.46 bp	23.6 bp −$24	doesn't fit	doesn't fit	doesn't fit

SIGN on 12 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
ApeX Omni SIGNUSDTshort	−0.0174%	1h	0.01197	+0.092%	$30K	$673K	50x
Variational Omni SIGN	−0.0139%	4h	0.01196	+0.037%	$82K	$793	—	as long as short
Aster SIGNUSDT	−0.0131%	4h	0.01197	+0.133%	$10K	$5K	5x	as long as short
Binance SIGNUSDT	+0.0100%	4h	0.01197	+0.094%	$2.3M	$1.6M	25x	as long as short
Bybit SIGNUSDTlong	+0.0100%	4h	0.01196	long leg	$2.1M	$361K	25x
OKX SIGN-USDT-SWAP	+0.0100%	4h	0.01198	+0.159%	$649K	$267K	20x	as long as short
Gate SIGN_USDT	+0.0100%	4h	0.01196	+0.008%	$89K	$34K	25x	as long as short
MEXC SIGN_USDT	+0.0100%	4h	0.01197	+0.100%	$12.1M	$123K	20x	as long as short
KuCoin SIGNUSDTM	+0.0100%	4h	0.01199	+0.259%	$1.5M	$14K	25x	as long as short
Bitget SIGNUSDT	+0.0100%	4h	0.01197	+0.092%	$905K	$173K	25x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SIGN-USDT	+0.0100%	4h	0.01197	+0.117%	—	$6.6M	—	as long as short
BloFin SIGN-USDT	+0.0128%	4h	0.01199	+0.217%	$120K	$16K	25x	as long as short