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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.1556%/8h= −170.4% APRnext payment $1.95 per $10,000 · paid last 24h −0.601%
Price spread now: Coinbase International against ApeX Omni−2.379%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$47 a day on $10k at the current rate, and Coinbase International is 2.379% cheaper against ApeX Omni than usual: you would sell low and buy high (−$238 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni SUSDT0.041200.0100pay 0.0013% / 1h9m 17s$25K$451K50x
ShortCoinbase International S-PERP-INTX0.04022−0.1456pay 0.0182% / 1h9m 17s$48K$16K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
−$326.76
Price spread: −2.379% → 0.000%
−$237.86
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$584.62
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 53 min ago; Coinbase International: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 53 min ago36.90 bp61.8 bp −$62doesn't fitdoesn't fitdoesn't fit
Sell Coinbase International no order-book sample
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

S on 25 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
01 Exchange SUSD−1.1688%1h0.03960−3.883%$25K$2K5xas long as short
Kraken Futures PF_SUSD−0.1679%1h0.04092−0.671%$34K$13K10xas long as short
Coinbase International S-PERP-INTXshort−0.1456%1h0.04022−2.379%$48K$16K25x
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04100−0.476%$1K100xas long as short
Variational Omni S−0.0108%4h0.04110−0.238%$636K$31Kas long as short
Reya SRUSDPERP−0.0101%1h0.04096−0.590%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04101−0.462%$2K150xas long as short
Injective S/USDC PERP+0.0033%1h0.04100−0.485%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0068%4h0.04099−0.510%$102K$325K10xas long as short
Lighter S+0.0096%1h0.04103−0.413%$172K$157K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04101−0.459%$1.0M$556K5xas long as short
Aster SUSDT+0.0100%4h0.04099−0.501%$45K$133K10xas long as short
Binance SUSDT+0.0100%4h0.04098−0.535%$5.7M$13.8M75xas long as short
Bybit SUSDT+0.0100%4h0.04096−0.583%$5.9M$4.5M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04098−0.534%$1.1M$4.0M20xas long as short
Gate S_USDT+0.0100%4h0.04097−0.558%$337K$201K50xas long as short
MEXC S_USDT+0.0100%4h0.04100−0.485%$4.0M$1.8M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04100−0.485%$1.9M$2.7M50xas long as short
Bitget SUSDT+0.0100%4h0.04101−0.461%$1.2M$2.1M50xas long as short
BingX S-USDT+0.0100%4h0.04097−0.558%$6.8Mas long as short
ApeX Omni SUSDTlong+0.0100%1h0.04120long leg$25K$451K50x
Extended S-USD+0.0104%1h0.04097−0.560%$231K$1.1M10xas long as short
BloFin S-USDT+0.0340%4h0.04098−0.534%$281K$104K75xas long as short
Deribit S_USDC-PERPETUAL+0.0726%1h0.04104−0.388%$69K$10K10xas long as short
Backpack S_USDC_PERP+0.1557%1h0.041200.000%$122K$374K5xas long as short