Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against ApeX Omni+0.366%83s7-day average −0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$487as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$4874.870% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.649%−$65 · spread now +0.366%, 7d avg −0.078%

Together, before fees−0.649%−$65 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: Bitget is 0.444% dearer against ApeX Omni than usual: you sell high and buy low, +$44 on $10k if it goes back to its 7-day average of −0.078%. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni EDGEUSDT	0.6016	0.0100	pay 0.0013% / 1h	10m 04s	$9K	$294K	50x
Short	Bitget EDGEUSDT	0.6038	0.0100	get 0.0050% / 4h	3h 10m	$4.8M	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.366%Rate

Funding earned: $0
Price spread: +0.366% → −0.078%: $44.36
Slippage, 4 orders: −$464.96
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$442.6
Costs to cover: 4.870%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 62 min ago; Bitget: live order book, 3 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, 62 min ago	25.93 bp	216.2 bp −$216	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	7.49 bp	35.0 bp −$35	335.1 bp −$3,351	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	0.6026	+0.160%	$50K	$14K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.6026	+0.166%	$7.2M	$3.3M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.6029	+0.216%	$2.2M	$2.2M	50x	as long as short
Bitget EDGEUSDTshort	+0.0100%	4h	0.6038	+0.366%	$4.8M	$1.0M	20x
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.6041	+0.414%	$57K	$99K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.6005	−0.191%	$192K	$126K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.6013	−0.050%	$495	$1.9M	10x	as long as short
ApeX Omni EDGEUSDTlong	+0.0100%	1h	0.6016	long leg	$9K	$294K	50x
SunX EDGE-USDT	+0.0100%	4h	0.5999	−0.283%	$4K	$610K	10x	as long as short
edgeX EDGEUSDC	+0.0461%	4h	0.6027	+0.177%	$14.4M	$3.6M	30x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EDGE-USDT-SWAP	+0.0483%	4h	0.6043	+0.449%	$3.7M	$5.9M	20x	as long as short
Aster EDGEUSDT	+0.0563%	4h	0.6028	+0.199%	$69K	$133K	5x	as long as short
MEXC EDGE_USDT	+0.0570%	4h	0.6040	+0.399%	$1.2M	$916K	50x	as long as short
Binance EDGEUSDT	+0.0572%	4h	0.6039	+0.382%	$10.3M	$10.2M	50x	as long as short
Extended EDGE-USD	+0.0576%	1h	0.6039	+0.384%	$27K	$194K	5x	as long as short
BloFin EDGE-USDT	+0.0591%	4h	0.6022	+0.100%	$650K	$95K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0796%	4h	0.6034	+0.299%	$3K	—	10x	as long as short