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

COIN

RWAall COIN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Orderly against ApeX Omni+0.143%50s7-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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.143% dearer against ApeX Omni than usual: you sell high and buy low, +$14 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni COINUSDT196.340.0100pay 0.0013% / 1h3m 28s$88K$287K50x
ShortOrderly PERP_COIN_USDC_mythos196.620.0100get 0.0100% / 8h3h 03m$569$4K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
$0
Price spread: +0.143% → 0.000%
$14.26
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$1.74
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 49 min ago; Orderly: 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, 49 min ago2.79 bp7.8 bp −$812.0 bp −$120doesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: 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.

COIN on 26 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
Bitget COINUSDT−0.0730%8h196.53+0.097%$6.3M$10.5M20xas long as short
Injective COIN/USDC PERP−0.0440%1h196.340.000%$43K$48K30xas long as short
Gate COIN_USDT−0.0229%8h196.46+0.061%$1.2M$7.3M50xas long as short
Vest COIN-USD-PERP−0.0110%1h195.82−0.265%$270K25xas long as short
Aster COINUSDT0.0000%8h196.26−0.043%$342K$890K20xas long as short
Extended COIN_24_5-USD0.0000%1h196.26−0.041%$116K$845K10xas long as short
Binance COINUSDT0.0000%8h196.29−0.028%$14.7M$80.6M20xas long as short
Bybit COINUSDT0.0000%8h196.32−0.010%$4.8M$6.1M50xas long as short
OKX COIN-USDT-SWAP0.0000%8h196.33−0.005%$3.0M$4.7M20xas long as short
Variational Omni COIN0.0000%8h196.50+0.082%$689K$944Kas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT COIN_USDT_Perp0.0000%8h196.41+0.033%$20K$2.5M10xas long as short
QFEX COIN-USD+0.0020%1h196.32−0.010%$1.3M$3.1M10xas long as short
Lighter RH COIN+0.0032%1h196.51+0.087%$454K$1.5M10xas long as short
Lighter COIN+0.0040%1h196.30−0.019%$380K$2.1M10xas long as short
Arcus COIN-USD+0.0040%1h196.58+0.122%$15K$55K5xas long as short
tradeXYZ xyz:COIN+0.0050%1h196.23−0.056%$15.3M$13.7M10xas long as short
Polymarket Perps COIN-USD+0.0050%1h196.21−0.066%$132K$1.2M10xas long as short
SoDEX COIN-USD+0.0050%1h196.56+0.112%$79$3K10xas long as short
Ondo Perps COIN-USD.P+0.0050%1h196.19−0.076%$350K$2.7M10xas long as short
KuCoin COINUSDTM+0.0100%8h196.28−0.031%$989K$143K20xas long as short
ApeX Omni COINUSDTlong+0.0100%1h196.34long leg$88K$287K50x
Orderly PERP_COIN_USDC_mythosshort+0.0100%8h196.62+0.143%$569$4K10x
Aevo COIN-PERP+0.0104%1h196.56+0.111%$11610xas long as short
BloFin COIN-USDT+0.0120%8h196.42+0.041%$188K$393K20xas long as short
Phoenix COIN+0.0122%1h196.37+0.015%$4K$283K10xas long as short
edgeX COINUSDC+0.0188%4h196.41+0.034%$51K$295K10xas long as short