Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −11.0% APRpaid last 24h −0.127%

Price spread now: Aster against ApeX Omni+0.122%69s7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$1911.908% of the position

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.301%−$30 on $10k

Price spread, last 3 days (all we have)−0.547%−$55 · spread now +0.122%, 7d avg +0.013%

Together, before fees−0.848%+ Points / potential airdropAster: Stage 5 · farm board−$85 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.108% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.122% now, against its 7-day average of +0.013%): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.6 days. The two prices were read 69 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 SUSDT	0.03920	0.0100	pay 0.0013% / 1h	22m 18s	$19K	$469K	50x
Short	Aster SUSDT	0.03925	0.0000	pay 0.0000% / 4h	2h 22m	$43K	$212K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.122%Rate

Funding earned: −$21.06
Price spread: +0.122% → +0.013%: $10.83
Slippage, 4 orders: −$172.83
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$201.06
Costs to cover: 1.908%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 65 min ago; Aster: live order book, 64 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, 65 min ago	12.64 bp	68.5 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 64 min ago	8.83 bp	31.0 bp −$31	doesn't fit	doesn't fit	doesn't fit

S on 25 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
Kraken Futures PF_SUSD	−0.1455%	1h	0.03922	+0.047%	$33K	$30K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1264%	1h	0.03826	−2.398%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0986%	4h	0.03913	−0.182%	$607K	$34K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0190% / S +0.0184%	1h	0.03926	+0.148%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03917	−0.068%	$4	—	15x	as long as short
Orderly PERP_S_USDC	−0.0015%	4h	0.03921	+0.026%	$101K	$337K	10x	as long as short
Deribit S_USDC-PERPETUAL	−0.0005%	1h	0.03924	+0.102%	$66K	$10K	10x	as long as short
Aster SUSDTshort	0.0000%	4h	0.03925	+0.122%	$43K	$212K	10x
01 Exchange SUSD	0.0000%	1h	0.03920	0.000%	$24K	$3K	5x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03926	+0.141%	$605	—	150x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.592%	$2K	$37K	12x	as long as short
Lighter S	+0.0096%	1h	0.03924	+0.102%	$164K	$240K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.03919	−0.033%	$989K	$898K	5x	as long as short
Binance SUSDT	+0.0100%	4h	0.03920	0.000%	$5.3M	$23.5M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03914	−0.153%	$5.6M	$6.3M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03919	−0.026%	$976K	$7.3M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03917	−0.077%	$320K	$292K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03918	−0.051%	$3.5M	$2.6M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03917	−0.077%	$1.8M	$3.1M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03922	+0.051%	$1.2M	$3.0M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03919	−0.026%	—	$6.8M	—	as long as short
ApeX Omni SUSDTlong	+0.0100%	1h	0.03920	long leg	$19K	$469K	50x
Extended S-USD	+0.0104%	1h	0.03917	−0.088%	$221K	$883K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03917	−0.077%	$268K	$158K	75x	as long as short
Backpack S_USDC_PERP	+0.0362%	1h	0.03930	+0.255%	$114K	$291K	5x	as long as short