Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0245%/8h= −26.9% APRpaid last 24h −0.084%

Price spread now: ApeX Omni against BloFin+0.170%7-day average −0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$465as in the Funding arb table

Net, price: spread back to 7d avg − costs−$420as in the Price arb table

costs, in and out, $10k−$4424.419% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.233%−$23 on $10k

Price spread, last 4 days (all we have)−1.107%−$111 · spread now +0.170%, 7d avg −0.051%

Together, before fees−1.340%−$134 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.220% dearer against BloFin than usual: you sell high and buy low (spread +0.170% now, against its 7-day average of −0.051%): +$22 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.0 days. At the pace of the last 7 days (−0.233% in total) that is about 6.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin EDGE-USDT	0.5898	0.0345	pay 0.0173% / 4h	1h 04m	$654K	$101K	50x
Short	ApeX Omni EDGEUSDT	0.5908	0.0100	get 0.0013% / 1h	4m 45s	$9K	$304K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now +0.170%Rate

Funding earned: −$51.52
Price spread: +0.170% → −0.051%: $22.03
Slippage, 4 orders: −$419.94
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$471.42
Costs to cover: 4.419%
Break-even: never at this rate

Slippage from BloFin: live order book, 37 min ago; ApeX Omni: live order book, 58 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 BloFin live order book, 37 min ago	9.28 bp	33.6 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 58 min ago	19.45 bp	184.1 bp −$184	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	0.5887	−0.180%	$43K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5890	−0.136%	$7.1M	$3.3M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5899	+0.017%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5896	−0.034%	$4.7M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5902	+0.075%	$58K	$106K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5893	−0.079%	$188K	$135K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5911	+0.220%	$5K	$2.2M	10x	as long as short
ApeX Omni EDGEUSDTshort	+0.0100%	1h	0.5908	+0.170%	$9K	$304K	50x
SunX EDGE-USDT	+0.0100%	4h	0.6174	+4.680%	$3K	$624K	10x	as long as short
BloFin EDGE-USDTlong	+0.0345%	4h	0.5898	long leg	$654K	$101K	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance EDGEUSDT	+0.0396%	4h	0.5899	+0.017%	$10.1M	$10.3M	50x	as long as short
MEXC EDGE_USDT	+0.0404%	4h	0.5899	+0.017%	$1.1M	$902K	50x	as long as short
Extended EDGE-USD	+0.0408%	1h	0.5895	−0.042%	$27K	$194K	5x	as long as short
Aster EDGEUSDT	+0.0442%	4h	0.5904	+0.097%	$68K	$128K	5x	as long as short
OKX EDGE-USDT-SWAP	+0.0453%	4h	0.5900	+0.034%	$3.7M	$5.7M	20x	as long as short
edgeX EDGEUSDC	+0.0477%	4h	0.5916	+0.313%	$14.1M	$3.6M	30x	as long as short
Orderly PERP_EDGE_USDC	+0.0615%	4h	0.5898	0.000%	$3K	—	10x	as long as short