Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against ApeX Omni+0.153%103s7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$176as in the Funding arb table

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

costs, in and out, $10k−$1681.676% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 3 days (all we have)−0.645%−$64 · spread now +0.153%, 7d avg −0.002%

Together, before fees−0.727%−$73 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: Bitget is 0.155% dearer against ApeX Omni than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.002%. The two prices were read 103 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	21m 52s	$19K	$469K	50x
Short	Bitget SUSDT	0.03926	0.0100	get 0.0050% / 4h	2h 21m	$1.2M	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.153%Rate

Funding earned: $0
Price spread: +0.153% → −0.002%: $15.5
Slippage, 4 orders: −$145.57
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$152.06
Costs to cover: 1.676%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 65 min ago; Bitget: live order book, 1 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 Bitget live order book, 1 min ago	5.10 bp	18.0 bp −$18	60.8 bp −$608	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	0.03923	+0.073%	$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
Aster SUSDT	0.0000%	4h	0.03925	+0.134%	$43K	$212K	10x	as long as short
01 Exchange SUSD	0.0000%	1h	0.03920	0.000%	$24K	$3K	5x	as long as short
Deribit S_USDC-PERPETUAL	0.0000%	1h	0.03927	+0.179%	$66K	$10K	10x	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	0.03926	+0.153%	$164K	$240K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.03921	+0.015%	$990K	$898K	5x	as long as short
Binance SUSDT	+0.0100%	4h	0.03925	+0.128%	$5.3M	$23.5M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03920	0.000%	$5.6M	$6.3M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03925	+0.128%	$976K	$7.3M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03921	+0.026%	$321K	$292K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03921	+0.026%	$3.5M	$2.6M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03920	0.000%	$1.8M	$3.1M	50x	as long as short
Bitget SUSDTshort	+0.0100%	4h	0.03926	+0.153%	$1.2M	$3.0M	50x
BingX S-USDT	+0.0100%	4h	0.03925	+0.128%	—	$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	0.03921	+0.033%	$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	+0.0377%	1h	0.03930	+0.255%	$114K	$291K	5x	as long as short