Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Bybit+0.235%7-day average +0.111% · you sell dearer than you buy

Net, funding: paid 7d − costs−$554as in the Funding arb table

Net, price: spread back to 7d avg − costs−$543as in the Price arb table

costs, in and out, $10k−$5555.549% of the position

Long on Bybit Short on ApeX Omni

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)+0.418%+$42 · spread now +0.235%, 7d avg +0.111%

Together, before fees+0.428%+$43 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: ApeX Omni is 0.124% dearer against Bybit than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.111%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit EDGEUSDT	0.5963	0.0100	pay 0.0050% / 4h	19m 09s	$7.2M	$3.4M	25x
Short	ApeX Omni EDGEUSDT	0.5977	0.0100	get 0.0013% / 1h	19m 09s	$9K	$296K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now +0.235%Rate

Funding earned: $0
Price spread: +0.235% → +0.111%: $12.41
Slippage, 4 orders: −$533.93
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$542.52
Costs to cover: 5.549%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; ApeX Omni: live order book, 18 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 Bybit live order book, 4 min ago	2.51 bp	130.6 bp −$131	383.7 bp −$3,837	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 18 min ago	15.76 bp	184.4 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	0.5958	−0.091%	$43K	$22K	3x	as long as short
Bybit EDGEUSDTlong	+0.0100%	4h	0.5963	long leg	$7.2M	$3.4M	25x
KuCoin EDGEUSDTM	+0.0100%	4h	0.5972	+0.151%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5970	+0.117%	$4.7M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5971	+0.127%	$58K	$122K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5950	−0.219%	$188K	$145K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5963	0.000%	$10K	$3.1M	10x	as long as short
ApeX Omni EDGEUSDTshort	+0.0100%	1h	0.5977	+0.235%	$9K	$296K	50x
SunX EDGE-USDT	+0.0100%	4h	0.5930	−0.553%	$3K	$645K	10x	as long as short
Aster EDGEUSDT	+0.0282%	4h	0.5966	+0.050%	$52K	$153K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EDGEUSDC	+0.0444%	4h	0.5966	+0.047%	$14.3M	$3.7M	30x	as long as short
MEXC EDGE_USDT	+0.0470%	4h	0.5971	+0.134%	$1.1M	$761K	50x	as long as short
Extended EDGE-USD	+0.0472%	1h	0.5970	+0.125%	$31K	$269K	5x	as long as short
Binance EDGEUSDT	+0.0472%	4h	0.5971	+0.134%	$10.3M	$10.9M	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0482%	4h	0.5972	+0.151%	$3.8M	$6.1M	20x	as long as short
BloFin EDGE-USDT	+0.0507%	4h	0.5968	+0.084%	$672K	$106K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0635%	4h	0.5972	+0.151%	$2K	$1K	10x	as long as short