Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.036%

Price spread now: OKX against ApeX Omni−0.199%60s7-day average −0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$214as 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−$1921.923% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.215%−$21 on $10k

Price spread, last 4 days (all we have)−0.161%−$16 · spread now −0.199%, 7d avg −0.098%

Together, before fees−0.376%−$38 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: OKX is 0.100% cheaper against ApeX Omni than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.098%. The two prices were read 60 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	0.04030	0.0100	pay 0.0013% / 1h	0m 32s	$23K	$487K	50x
Short	OKX S-USDT-SWAP	0.04022	0.0100	get 0.0050% / 4h	1h 00m	$1.0M	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.199%Rate

Funding earned: $0
Price spread: −0.199% → −0.098%: −$10.04
Slippage, 4 orders: −$172.3
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$202.34
Costs to cover: 1.923%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 42 min ago; OKX: live order book, 2 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, 42 min ago	37.08 bp	69.3 bp −$69	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.24 bp	28.8 bp −$29	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
01 Exchange SUSD	−0.7536%	1h	0.03940	−2.233%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2396%	1h	0.04024	−0.152%	$35K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1120%	1h	0.03961	−1.712%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04028	−0.060%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04025	−0.134%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04028	−0.039%	$620	—	150x	as long as short
Variational Omni S	+0.0027%	4h	0.04018	−0.290%	$625K	$19K	—	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+1.737%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0085%	4h	0.04027	−0.074%	$100K	$588K	10x	as long as short
Lighter S	+0.0096%	1h	0.04028	−0.050%	$172K	$139K	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	0.04025	−0.132%	$1.0M	$579K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04023	−0.168%	$47K	$110K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04022	−0.199%	$5.7M	$13.5M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04018	−0.298%	$5.7M	$4.1M	50x	as long as short
OKX S-USDT-SWAPshort	+0.0100%	4h	0.04022	−0.199%	$1.0M	$3.7M	20x
Gate S_USDT	+0.0100%	4h	0.04024	−0.149%	$327K	$179K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04024	−0.149%	$4.0M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04024	−0.149%	$1.8M	$2.8M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04023	−0.174%	$1.2M	$2.2M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04022	−0.199%	—	$6.8M	—	as long as short
ApeX Omni SUSDTlong	+0.0100%	1h	0.04030	long leg	$23K	$487K	50x
Extended S-USD	+0.0104%	1h	0.04020	−0.238%	$227K	$701K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04029	−0.025%	$278K	$115K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0744%	1h	0.04029	−0.025%	$68K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1760%	1h	0.04030	0.000%	$117K	$426K	5x	as long as short