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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0626%/8h= +68.5% APRnext payment +$0.78 per $10,000 · paid last 24h −0.057%
Price spread now: Deribit against ApeX Omni−0.388%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Deribit is 0.388% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.388% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$39 on $10k: about 2.1 days of funding at the current rate (+$19 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni SUSDT0.041200.0100pay 0.0013% / 1h8m 24s$25K$451K50x
ShortDeribit S_USDC-PERPETUAL0.041040.0726get 0.0091% / 1h8m 24s$69K$10K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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
$131.38
Price spread: −0.388% → 0.000%
−$38.83
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$75.54
Costs to cover
0.170%
Break-even
3.0 days
Slippage unknown: ApeX Omni: live order book, 54 min ago; Deribit: 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, 54 min ago36.90 bp61.8 bp −$62doesn't fitdoesn't fitdoesn't fit
Sell Deribit no order-book sample
Deribit: 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−1.1664%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-INTX−0.1456%1h0.04022−2.379%$48K$16K25xas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04108−0.282%$1K100xas long as short
Variational Omni S−0.0108%4h0.04110−0.238%$636K$31Kas long as short
Reya SRUSDPERP−0.0101%1h0.04104−0.394%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04109−0.269%$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%4h0.04107−0.316%$102K$324K10xas long as short
Lighter S+0.0096%1h0.04107−0.316%$172K$157K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04108−0.303%$1.0M$556K5xas long as short
Aster SUSDT+0.0100%4h0.04109−0.266%$45K$133K10xas long as short
Binance SUSDT+0.0100%4h0.04107−0.316%$5.7M$13.7M75xas long as short
Bybit SUSDT+0.0100%4h0.04103−0.413%$5.9M$4.5M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04104−0.388%$1.1M$4.0M20xas long as short
Gate S_USDT+0.0100%4h0.04101−0.461%$337K$201K50xas long as short
MEXC S_USDT+0.0100%4h0.04107−0.316%$4.0M$1.8M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04107−0.316%$1.9M$2.7M50xas long as short
Bitget SUSDT+0.0100%4h0.04108−0.291%$1.2M$2.1M50xas long as short
BingX S-USDT+0.0100%4h0.04106−0.340%$6.7Mas long as short
ApeX Omni SUSDTlong+0.0100%1h0.04120long leg$25K$451K50x
Extended S-USD+0.0104%1h0.04098−0.536%$231K$1.1M10xas long as short
BloFin S-USDT+0.0340%4h0.04098−0.534%$281K$104K75xas long as short
Deribit S_USDC-PERPETUALshort+0.0726%1h0.04104−0.388%$69K$10K10x
Backpack S_USDC_PERP+0.1545%1h0.04110−0.243%$121K$374K5xas long as short