Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against ApeX Omni+0.297%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$1111.111% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)−0.269%−$27 · spread now +0.297%, 7d avg +0.045%

Together, before fees−0.258%−$26 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: OKX is 0.252% dearer against ApeX Omni than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni 0GUSDT	0.2357	0.0100	pay 0.0013% / 1h	23m 29s	$17K	$623K	50x
Short	OKX 0G-USDT-SWAP	0.2364	0.0100	get 0.0050% / 4h	1h 23m	$858K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.297%Rate

Funding earned: $0
Price spread: +0.297% → +0.045%: $25.21
Slippage, 4 orders: −$91.13
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$85.93
Costs to cover: 1.111%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 19 min ago; OKX: live order book, 4 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, 19 min ago	8.48 bp	31.3 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	2.12 bp	22.0 bp −$22	340.8 bp −$3,408	doesn't fit	doesn't fit

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	−0.0526%	4h	0.2364	+0.297%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2364	+0.309%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0063%	4h	0.2363	+0.255%	$328K	$10K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2365	+0.350%	$17K	$46K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2365	+0.350%	$7.0M	$8.6M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2363	+0.255%	$2.4M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAPshort	+0.0100%	4h	0.2364	+0.297%	$858K	$2.4M	20x
Gate 0G_USDT	+0.0100%	8h	0.2365	+0.339%	$591K	$195K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2365	+0.339%	$2.1M	$249K	50x	as long as short
KuCoin 0GUSDTM	+0.0100%	4h	0.2367	+0.416%	$2.3M	$2.3M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget 0GUSDT	+0.0100%	4h	0.2367	+0.424%	$2.0M	$826K	50x	as long as short
Backpack 0G_USDC_PERP	+0.0100%	1h	0.2366	+0.382%	$32K	$60K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2362	+0.195%	$15K	$6K	—	as long as short
ApeX Omni 0GUSDTlong	+0.0100%	1h	0.2357	long leg	$17K	$623K	50x
Hyperliquid 0G	+0.0640%	1h	0.2370	+0.543%	$2.5M	$452K	3x	as long as short
Lighter 0G	+0.0760%	1h	0.2371	+0.594%	$49K	$88K	3x	as long as short