Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0354%/8h= +38.7% APRpaid last 24h +0.068%

Price spread now: Aster against ApeX Omni−0.277%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$793as in the Price arb table

costs, in and out, $10k−$7677.665% of the position

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.205%+$21 on $10k

Price spread, last 3 days (all we have)+0.035%+$4 · spread now −0.277%, 7d avg −0.008%

Together, before fees+0.241%+ Points / potential airdropAster: Stage 5 · farm board+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.270% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.277% now, against its 7-day average of −0.008%). If the spread goes back, that is −$27 on $10k: about 2.5 days of funding at the current rate (+$11 a day). At the pace of the last 5 days (+0.205% in total) that is about 6.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni EDGEUSDT	0.5828	0.0100	pay 0.0013% / 1h	30m 50s	$8K	$294K	50x
Short	Aster EDGEUSDT	0.5812	0.0454	get 0.0227% / 4h	1h 30m	$67K	$136K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.277%Rate

Funding earned: $74.26
Price spread: −0.277% → −0.008%: −$26.96
Slippage, 4 orders: −$748.51
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$719.21
Costs to cover: 7.665%
Break-even: 74.8 days

Slippage from ApeX Omni: live order book, 51 min ago; Aster: live order book, 50 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, 51 min ago	18.70 bp	186.5 bp −$186	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 50 min ago	4.24 bp	33.8 bp −$34	doesn't fit	doesn't fit	doesn't fit

EDGE on 17 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
Lighter EDGE	+0.0096%	1h	0.5798	−0.522%	$54K	$8K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5800	−0.480%	$6.9M	$3.3M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5812	−0.275%	$4.6M	$995K	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5807	−0.357%	$59K	$100K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5872	+0.761%	$192K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5850	+0.381%	$2K	$1.8M	10x	as long as short
ApeX Omni EDGEUSDTlong	+0.0100%	1h	0.5828	long leg	$8K	$294K	50x
SunX EDGE-USDT	+0.0100%	4h	0.5776	−0.892%	$4K	$608K	10x	as long as short
KuCoin EDGEUSDTM	+0.0204%	4h	0.5814	−0.240%	$2.1M	$2.3M	50x	as long as short
BloFin EDGE-USDT	+0.0410%	4h	0.5823	−0.086%	$633K	$124K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EDGE-USD	+0.0448%	1h	0.5806	−0.378%	$26K	$230K	5x	as long as short
Binance EDGEUSDT	+0.0452%	4h	0.5812	−0.274%	$9.9M	$10.1M	50x	as long as short
Aster EDGEUSDTshort	+0.0454%	4h	0.5812	−0.277%	$67K	$136K	5x
MEXC EDGE_USDT	+0.0458%	4h	0.5812	−0.275%	$1.1M	$919K	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0487%	4h	0.5808	−0.343%	$3.6M	$5.7M	20x	as long as short
edgeX EDGEUSDC	+0.0508%	4h	0.5842	+0.244%	$14.0M	$3.4M	30x	as long as short
Orderly PERP_EDGE_USDC	+0.0530%	4h	0.5812	−0.275%	$3K	—	10x	as long as short