Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against ApeX Omni+0.043%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$740.741% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.043%, 7d avg −0.036%

Together, before fees−0.069%−$7 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: MEXC is 0.079% dearer against ApeX Omni than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni 0GUSDT	0.2302	0.0100	pay 0.0013% / 1h	39m 24s	$18K	$621K	50x
Short	MEXC 0G_USDT	0.2303	0.0100	get 0.0050% / 4h	39m 24s	$2.0M	$198K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee MEXCbpOrdersPrice spread, now +0.043%Rate

Funding earned: $0
Price spread: +0.043% → −0.036%: $7.95
Slippage, 4 orders: −$60.13
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$66.18
Costs to cover: 0.741%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 18 min ago; MEXC: live order book, 2 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 ApeX Omni live order book, 18 min ago	8.66 bp	28.7 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	2.17 bp	6.4 bp −$6	29.0 bp −$290	163.8 bp −$16.4K	225.4 bp −$112.7K

0G on 16 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
BingX 0G-USDT	−0.0768%	4h	0.2304	+0.087%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2301	−0.036%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0052%	4h	0.2302	0.000%	$325K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2305	+0.139%	$16K	$43K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2305	+0.116%	$6.8M	$8.2M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2303	+0.043%	$2.3M	$2.2M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2304	+0.087%	$883K	$2.2M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2302	0.000%	$591K	$148K	50x	as long as short
MEXC 0G_USDTshort	+0.0100%	4h	0.2303	+0.043%	$2.0M	$198K	50x
Bitget 0GUSDT	+0.0100%	4h	0.2303	+0.043%	$1.9M	$696K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack 0G_USDC_PERP	+0.0100%	1h	0.2307	+0.217%	$31K	$54K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2299	−0.127%	$12K	$3K	—	as long as short
ApeX Omni 0GUSDTlong	+0.0100%	1h	0.2302	long leg	$18K	$621K	50x
KuCoin 0GUSDTM	+0.0170%	4h	0.2304	+0.104%	$2.4M	$2.4M	50x	as long as short
Hyperliquid 0G	+0.0928%	1h	0.2306	+0.195%	$2.5M	$480K	3x	as long as short
Lighter 0G	+0.1512%	1h	0.2310	+0.348%	$48K	$98K	3x	as long as short