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

COIN

RWAall COIN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%
Price spread now: ApeX Omni against Aster+0.112%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$204as in the Funding arb table
Net, price: spread back to 7d avg − costs−$211as in the Price arb table
costs, in and out, $10k−$2242.240% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.200%+$20 on $10k
Price spread, last 4 days (all we have)−0.263%−$26 · spread now +0.112%, 7d avg −0.015%
Together, before fees−0.062%+ Points / potential airdropAster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.127% dearer against Aster than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster COINUSDT197.780get 0.0000% / 8h6h 57m$345K$879K20x
ShortApeX Omni COINUSDT198.000.0100get 0.0013% / 1h57m 22s$89K$280K50x

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

Funding earned
$21
Price spread: +0.112% → −0.015%
$12.73
Slippage, 4 orders
−$205.99
Fee Aster: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$190.27
Costs to cover
2.240%
Break-even
70.4 days
Slippage from Aster: live order book, 35 min ago; ApeX Omni: live order book, 35 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 Aster live order book, 35 min ago45.07 bp143.5 bp −$144doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 35 min ago3.59 bp8.6 bp −$912.8 bp −$128doesn't fitdoesn't fit

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
Injective COIN/USDC PERP−0.0440%1h197.14−0.323%$17K$224K30xas long as short
Ondo Perps COIN-USD.P−0.0142%1h197.47−0.156%$381K$2.3M10xas long as short
Vest COIN-USD-PERP−0.0020%1h197.50−0.140%$322K25xas long as short
Aster COINUSDTlong0.0000%8h197.78long leg$345K$879K20x
Bybit COINUSDT0.0000%8h197.75−0.014%$4.6M$5.8M50xas long as short
OKX COIN-USDT-SWAP0.0000%8h197.92+0.072%$3.1M$4.7M20xas long as short
Gate COIN_USDT0.0000%8h197.75−0.014%$1.2M$6.5M50xas long as short
Bitget COINUSDT0.0000%8h197.90+0.062%$6.4M$10.0M20xas long as short
Variational Omni COIN0.0000%8h197.99+0.106%$672K$831Kas long as short
GRVT COIN_USDT_Perp0.0000%8h198.26+0.244%$14K$3.0M10xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:COIN+0.0005%1h197.70−0.039%$14.9M$12.2M10xas long as short
Extended COIN_24_5-USD+0.0024%1h197.76−0.008%$105K$848K10xas long as short
Binance COINUSDT+0.0027%8h197.81+0.016%$14.6M$79.3M20xas long as short
Lighter COIN+0.0032%1h197.59−0.098%$356K$2.0M10xas long as short
Lighter RH COIN+0.0032%1h197.59−0.095%$471K$1.2M10xas long as short
QFEX COIN-USD+0.0036%1h197.60−0.090%$1.3M$2.7M10xas long as short
Arcus COIN-USD+0.0040%1h197.75−0.014%$17K$37K5xas long as short
Polymarket Perps COIN-USD+0.0050%1h197.55−0.115%$138K$1.4M10xas long as short
SoDEX COIN-USD+0.0050%1h197.66−0.060%$76$3K10xas long as short
KuCoin COINUSDTM+0.0100%8h197.70−0.039%$932K$228K20xas long as short
ApeX Omni COINUSDTshort+0.0100%1h198.00+0.112%$89K$280K50x
Orderly PERP_COIN_USDC_mythos+0.0100%8h197.82+0.021%$572$4K10xas long as short
Aevo COIN-PERP+0.0104%1h197.70−0.039%$11710xas long as short
BloFin COIN-USDT+0.0132%8h197.86+0.042%$189K$489K20xas long as short
Phoenix COIN+0.0164%1h198.21+0.219%$5K$253K10xas long as short
edgeX COINUSDC+0.0632%4h198.03+0.125%$51K$293K10xas long as short