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

COIN

RWAall COIN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%
Price spread now: ApeX Omni against KuCoin−0.045%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$186as in the Funding arb table
Net, price: spread back to 7d avg − costs−$186as in the Price arb table
costs, in and out, $10k−$1831.826% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.030%−$3 on $10k
Price spread, last 4 days (all we have)−0.047%−$5 · spread now −0.045%, 7d avg −0.007%
Together, before fees−0.077%−$8 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 0.039% cheaper against KuCoin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.007%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin COINUSDTM197.890.0100pay 0.0100% / 8h5h 21m$996K$143K20x
ShortApeX Omni COINUSDT197.800.0100get 0.0013% / 1h21m 19s$89K$286K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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: −0.045% → −0.007%
−$3.86
Slippage, 4 orders
−$160.61
Fee KuCoin: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$186.47
Costs to cover
1.826%
Break-even
never at this rate
Slippage from KuCoin: live order book, 13 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 KuCoin live order book, 13 min ago18.24 bp88.7 bp −$89doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 41 min ago2.78 bp7.8 bp −$812.5 bp −$125doesn'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
Bitget COINUSDT−0.0723%8h198.08+0.096%$6.3M$10.2M20xas long as short
Injective COIN/USDC PERP−0.0440%1h197.88−0.005%$44K$48K30xas long as short
Gate COIN_USDT−0.0201%8h198.10+0.106%$1.2M$7.1M50xas long as short
Vest COIN-USD-PERP−0.0091%1h197.58−0.157%$284K25xas long as short
Aster COINUSDT0.0000%8h198.17+0.142%$350K$877K20xas long as short
Extended COIN_24_5-USD0.0000%1h197.93+0.020%$117K$696K10xas long as short
Binance COINUSDT0.0000%8h197.98+0.045%$15.0M$78.5M20xas long as short
Bybit COINUSDT0.0000%8h198.07+0.091%$4.9M$5.9M50xas long as short
OKX COIN-USDT-SWAP0.0000%8h198.04+0.076%$3.1M$4.6M20xas long as short
Variational Omni COIN0.0000%8h197.67−0.109%$685K$1.0Mas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT COIN_USDT_Perp0.0000%8h197.91+0.010%$19K$2.1M10xas long as short
QFEX COIN-USD+0.0016%1h198.12+0.116%$1.3M$3.4M10xas long as short
Lighter COIN+0.0032%1h198.08+0.097%$358K$2.0M10xas long as short
Lighter RH COIN+0.0032%1h198.07+0.091%$455K$1.5M10xas long as short
Arcus COIN-USD+0.0040%1h198.01+0.061%$15K$55K5xas long as short
tradeXYZ xyz:COIN+0.0050%1h197.93+0.020%$15.6M$13.4M10xas long as short
Polymarket Perps COIN-USD+0.0050%1h198.03+0.071%$126K$1.2M10xas long as short
SoDEX COIN-USD+0.0050%1h198.02+0.066%$82$3K10xas long as short
Ondo Perps COIN-USD.P+0.0050%1h197.55−0.172%$352K$3.0M10xas long as short
KuCoin COINUSDTMlong+0.0100%8h197.89long leg$996K$143K20x
ApeX Omni COINUSDTshort+0.0100%1h197.80−0.045%$89K$286K50x
Orderly PERP_COIN_USDC_mythos+0.0100%8h197.95+0.030%$572$4K10xas long as short
Aevo COIN-PERP+0.0104%1h197.93+0.022%$11710xas long as short
BloFin COIN-USDT+0.0120%8h197.96+0.035%$189K$391K20xas long as short
Phoenix COIN+0.0162%1h197.80−0.045%$5K$281K10xas long as short
edgeX COINUSDC+0.0293%4h197.72−0.086%$51K$294K10xas long as short