Funding arb · Price arb /

EDGE

all EDGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against ApeX Omni+0.151%7-day average −0.110% · you sell dearer than you buy

Net, funding: paid 7d − costs−$583as in the Funding arb table

Net, price: spread back to 7d avg − costs−$556as in the Price arb table

costs, in and out, $10k−$5825.824% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 4 days (all we have)−0.530%−$53 · spread now +0.151%, 7d avg −0.110%

Together, before fees−0.540%−$54 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: Bybit is 0.262% dearer against ApeX Omni than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.110%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni EDGEUSDT	0.5949	0.0100	pay 0.0013% / 1h	33m 00s	$9K	$306K	50x
Short	Bybit EDGEUSDT	0.5958	0.0100	get 0.0050% / 4h	1h 33m	$7.1M	$3.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.151%Rate

Funding earned: $0
Price spread: +0.151% → −0.110%: $26.17
Slippage, 4 orders: −$561.39
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$556.22
Costs to cover: 5.824%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 29 min ago; Bybit: live order book, 5 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, 29 min ago	19.45 bp	200.6 bp −$201	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	3.38 bp	88.9 bp −$89	310.1 bp −$3,101	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	0.5956	+0.124%	$43K	$19K	3x	as long as short
Bybit EDGEUSDTshort	+0.0100%	4h	0.5958	+0.151%	$7.1M	$3.3M	25x
KuCoin EDGEUSDTM	+0.0100%	4h	0.5962	+0.219%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5960	+0.185%	$4.7M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5971	+0.363%	$62K	$105K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5927	−0.372%	$191K	$133K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5946	−0.043%	$10K	$2.1M	10x	as long as short
ApeX Omni EDGEUSDTlong	+0.0100%	1h	0.5949	long leg	$9K	$306K	50x
SunX EDGE-USDT	+0.0100%	4h	0.5901	−0.807%	$3K	$619K	10x	as long as short
MEXC EDGE_USDT	+0.0450%	4h	0.5969	+0.336%	$1.2M	$900K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EDGEUSDC	+0.0454%	4h	0.5941	−0.133%	$14.2M	$3.6M	30x	as long as short
Extended EDGE-USD	+0.0456%	1h	0.5964	+0.249%	$27K	$193K	5x	as long as short
Binance EDGEUSDT	+0.0456%	4h	0.5969	+0.336%	$10.2M	$10.4M	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0489%	4h	0.5970	+0.353%	$3.7M	$5.8M	20x	as long as short
Aster EDGEUSDT	+0.0489%	4h	0.5951	+0.042%	$68K	$129K	5x	as long as short
BloFin EDGE-USDT	+0.0497%	4h	0.5974	+0.420%	$656K	$102K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0668%	4h	0.5959	+0.168%	$3K	—	10x	as long as short