Settings8H · net · $10k
Funding arb · Price arb /

EDGE

all EDGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against Bitget+0.101%7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$418as in the Funding arb table
Net, price: spread back to 7d avg − costs−$416as in the Price arb table
costs, in and out, $10k−$4184.178% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.216%+$22 · spread now +0.101%, 7d avg +0.081%
Together, before fees+0.216%+$22 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget EDGEUSDT0.59600.0100pay 0.0050% / 4h3h 53m$4.7M$1.1M20x
ShortApeX Omni EDGEUSDT0.59660.0100get 0.0013% / 1h53m 02s$9K$305K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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

Funding earned
$0
Price spread: +0.101% → +0.081%
$1.95
Slippage, 4 orders
−$395.78
Fee Bitget: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$415.83
Costs to cover
4.178%
Break-even
never at this rate
Slippage from Bitget: live order book, 5 min ago; ApeX Omni: live order book, 64 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 5 min ago6.71 bp30.9 bp −$31460.4 bp −$4,604doesn't fitdoesn't fit
Sell ApeX Omni live order book, 64 min ago16.09 bp183.0 bp −$183doesn't fitdoesn't fitdoesn't fit

EDGE on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter EDGE+0.0096%1h0.5955−0.084%$43K$19K3xas long as short
Bybit EDGEUSDT+0.0100%4h0.5954−0.101%$7.2M$3.4M25xas long as short
KuCoin EDGEUSDTM+0.0100%4h0.5959−0.017%$2.1M$2.2M50xas long as short
Bitget EDGEUSDTlong+0.0100%4h0.5960long leg$4.7M$1.1M20x
Backpack EDGE_USDC_PERP+0.0100%1h0.5966+0.102%$58K$110K3.3xas long as short
Variational Omni EDGE+0.0100%4h0.5944−0.261%$189K$136Kas long as short
ApeX Omni EDGEUSDTshort+0.0100%1h0.5966+0.101%$9K$305K50x
SunX EDGE-USDT+0.0100%4h0.5925−0.587%$4K$626K10xas long as short
GRVT EDGE_USDT_Perp+0.0148%4h0.5965+0.089%$8K$2.5M10xas long as short
Aster EDGEUSDT+0.0463%4h0.5961+0.017%$58K$152K5xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC EDGE_USDT+0.0468%4h0.5967+0.117%$1.1M$863K50xas long as short
Extended EDGE-USD+0.0472%1h0.5959−0.010%$27K$198K5xas long as short
Binance EDGEUSDT+0.0474%4h0.5968+0.134%$10.3M$10.5M50xas long as short
BloFin EDGE-USDT+0.0480%4h0.5973+0.218%$660K$103K50xas long as short
edgeX EDGEUSDC+0.0489%4h0.5963+0.043%$14.3M$3.6M30xas long as short
OKX EDGE-USDT-SWAP+0.0523%4h0.5967+0.117%$3.7M$5.8M20xas long as short
Orderly PERP_EDGE_USDC+0.0568%4h0.5964+0.067%$3K$35910xas long as short