Funding arb · Price arb /

VIRTUAL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: ApeX Omni against Aster−0.279%99s7-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−$710.707% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.037%−$4 on $10k

Price spread, last 3 days (all we have)+0.364%+$36 · spread now −0.279%, 7d avg −0.016%

Together, before fees+0.327%+ Points / potential airdropAster: Stage 5 · farm board+$33 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 0.263% cheaper against Aster than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of −0.016%. The two prices were read 99 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 VIRTUALUSDT	0.7392	0.0100	pay 0.0050% / 4h	3h 09m	$201K	$161K	20x
Short	ApeX Omni VIRTUALUSDT	0.7371	0.0100	get 0.0013% / 1h	9m 55s	$41K	$244K	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 −0.279%Rate

Funding earned: $0
Price spread: −0.279% → −0.016%: −$26.25
Slippage, 4 orders: −$52.73
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$96.98
Costs to cover: 0.707%
Break-even: never at this rate

Slippage from Aster: live order book, 62 min ago; ApeX Omni: live order book, 61 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, 62 min ago	8.94 bp	25.6 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 61 min ago	6.88 bp	14.2 bp −$14	98.4 bp −$984	doesn't fit	doesn't fit

VIRTUAL on 33 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
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7387	−0.057%	$25	—	10x	as long as short
Phoenix VIRTUAL	−0.0109%	1h	0.7384	−0.099%	$12K	$40K	5x	as long as short
01 Exchange VIRTUALUSD	−0.0048%	1h	0.7390	−0.022%	$2K	$131	10x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	0.0000%	1h	0.7388	−0.049%	$16K	$40K	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0001%	1h	0.7389	−0.034%	$4K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−3.715%	$46	$88K	5.5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0090%	4h	0.7387	−0.062%	$14K	$1.5M	10x	as long as short
Lighter VIRTUAL	+0.0096%	1h	0.7378	−0.187%	$334K	$419K	5x	as long as short
Aster VIRTUALUSDTlong	+0.0100%	4h	0.7392	long leg	$201K	$161K	20x
Pacifica VIRTUAL	+0.0100%	1h	0.7397	+0.070%	$73K	$45K	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VIRTUALUSDT	+0.0100%	4h	0.7391	−0.012%	$17.2M	$39.7M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7388	−0.049%	$16.8M	$17.1M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7387	−0.062%	$2.9M	$9.8M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7386	−0.076%	$1.5M	$3.1M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7389	−0.035%	$18.6M	$4.2M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7387	−0.062%	$4.4M	$4.2M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7391	−0.008%	$6.4M	$5.7M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7391	−0.008%	—	$8.2M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7391	−0.008%	$251K	$165K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7369	−0.309%	$552K	$885K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7368	−0.326%	$19K	$260K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7375	−0.225%	$656K	$890K	10x	as long as short
ApeX Omni VIRTUALUSDTshort	+0.0100%	1h	0.7371	−0.279%	$41K	$244K	50x
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7397	+0.066%	$51K	$1.1M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7384	−0.103%	$2K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7382	−0.135%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7385	−0.084%	$55K	$277K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7384	−0.102%	$18K	—	3x	as long as short
Hyperliquid VIRTUAL	+0.0207%	1h	0.7396	+0.059%	$9.2M	$4.1M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0301% / S −0.0228%	1h	0.7388	−0.054%	$31K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7376	−0.211%	$830K	$859K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0448%	1h	0.7390	−0.022%	$201K	$93K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0732%	1h	0.7390	−0.027%	$612K	$651K	50x	as long as short