Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: MEXC against ApeX Omni+0.724%51s7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$126as 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−$1181.176% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 4 days (all we have)−1.531%−$153 · spread now +0.724%, 7d avg −0.041%

Together, before fees−1.611%−$161 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: MEXC is 0.765% dearer against ApeX Omni than usual: you sell high and buy low, +$77 on $10k if it goes back to its 7-day average of −0.041%. The two prices were read 51 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	0.04280	0.0100	pay 0.0013% / 1h	12m 35s	$25K	$503K	50x
Short	MEXC S_USDT	0.04311	0.0100	get 0.0050% / 4h	12m 35s	$4.3M	$2.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.724%Rate

Funding earned: $0
Price spread: +0.724% → −0.041%: $76.55
Slippage, 4 orders: −$103.59
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$41.05
Costs to cover: 1.176%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 25 min ago; MEXC: live order book, 5 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, 25 min ago	24.27 bp	54.2 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	3.52 bp	5.5 bp −$6	71.0 bp −$710	271.6 bp −$27.2K	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
01 Exchange SUSD	−1.1984%	1h	0.04190	−2.103%	$26K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1833%	1h	0.04311	+0.731%	$37K	$20K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1064%	1h	0.04279	−0.023%	$52K	$18K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04281	+0.019%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04313	+0.775%	$4	—	15x	as long as short
Variational Omni S	−0.0006%	4h	0.04257	−0.541%	$660K	$5K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04312	+0.739%	$665	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	−4.206%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0089%	4h	0.04309	+0.678%	$107K	$602K	10x	as long as short
Lighter S	+0.0096%	1h	0.04313	+0.771%	$186K	$143K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04315	+0.822%	$1.1M	$623K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04315	+0.807%	$46K	$148K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04315	+0.818%	$6.2M	$14.7M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04308	+0.654%	$6.2M	$4.4M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04313	+0.771%	$1.1M	$4.2M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04311	+0.724%	$348K	$202K	50x	as long as short
MEXC S_USDTshort	+0.0100%	4h	0.04311	+0.724%	$4.3M	$2.0M	200x
KuCoin SUSDTM	+0.0100%	4h	0.04309	+0.678%	$2.0M	$2.8M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04318	+0.888%	$1.3M	$2.4M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04314	+0.794%	—	$6.8M	—	as long as short
ApeX Omni SUSDTlong	+0.0100%	1h	0.04280	long leg	$25K	$503K	50x
Extended S-USD	+0.0104%	1h	0.04310	+0.705%	$238K	$1.3M	10x	as long as short
Deribit S_USDC-PERPETUAL	+0.0214%	1h	0.04315	+0.818%	$73K	$10K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04297	+0.397%	$289K	$125K	75x	as long as short
Backpack S_USDC_PERP	+0.0982%	1h	0.04310	+0.701%	$107K	$466K	5x	as long as short