S

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.570%

7d average−0.057%if it closes, per $10,000$57funding while held, a day−$6.84

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SUSDT	0.03860	0.0100	pay 0.0013% / 1h	16m 25s	$20K	$501K	50x
Short	Orderly PERP_S_USDC	0.03882	−0.0128	pay 0.0064% / 4h	3h 16m	$102K	$330K	10x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee ApeX OmnibpFee OrderlybpOrdersClose when spread is

Spread captured: $56.99
Funding while held: −$6.84
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $34.16
Spread needed to break even: 0.160%

Slippage unknown: ApeX Omni: live order book, 28 min ago; Orderly: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0228%
Per $10,000 a day: −$6.84
Average in range /8h: —

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, 28 min ago	38.31 bp	73.3 bp −$73	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 price on every exchange

against the cheapest. Click to use as the short leg.

S on 25 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International S-PERP-INTX	−0.415%	−0.2448%	1h	$47K	$11K	25x	as long as short
ApeX Omni SUSDTlong	0.000%	+0.0100%	1h	$20K	$501K	50x
Variational Omni S	+0.211%	−0.0859%	4h	$601K	$121K	—	as long as short
BloFin S-USDT	+0.337%	+0.0340%	4h	$284K	$263K	75x	as long as short
Bybit SUSDT	+0.389%	+0.0100%	4h	$5.6M	$9.5M	50x	as long as short
Gate S_USDT	+0.389%	+0.0100%	4h	$323K	$375K	50x	as long as short
Extended S-USD	+0.418%	+0.0104%	1h	$217K	$947K	10x	as long as short
OKX S-USDT-SWAP	+0.440%	+0.0100%	4h	$977K	$12.3M	20x	as long as short
Reya SRUSDPERP	+0.486%	−0.0101%	1h	$4	—	15x	as long as short
Kraken Futures PF_SUSD	+0.488%	−0.2948%	1h	$33K	$48K	10x	as long as short

Show all 25 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC S_USDT	+0.492%	+0.0100%	4h	$3.5M	$3.5M	200x	as long as short
KuCoin SUSDTM	+0.492%	+0.0100%	4h	$1.8M	$3.8M	50x	as long as short
Aster SUSDT	+0.495%	−0.0113%	4h	$42K	$263K	10x	as long as short
Lighter S	+0.518%	+0.0096%	1h	$163K	$325K	5x	as long as short
01 Exchange SUSD	+0.518%	−1.0976%	1h	$23K	$3K	5x	as long as short
Backpack S_USDC_PERP	+0.518%	+0.0100%	1h	$113K	$231K	5x	as long as short
Bitget SUSDT	+0.544%	+0.0100%	4h	$1.1M	$4.7M	50x	as long as short
Hyperliquid S	+0.549%	+0.0100%	1h	$1.0M	$1.5M	5x	as long as short
Orderly PERP_S_USDCshort	+0.570%	−0.0128%	4h	$102K	$330K	10x
BingX S-USDT	+0.596%	+0.0100%	4h	—	$7.0M	—	as long as short
Binance SUSDT	+0.622%	+0.0100%	4h	$5.3M	$40.5M	75x	as long as short
GMX S/USD [WBTC.b-USDC]	+0.692%	L −0.0374% / S +0.0346%	1h	$1K	—	100x	as long as short
Deribit S_USDC-PERPETUAL	+0.725%	+0.0522%	1h	$65K	$11K	10x	as long as short
gTrade (Gains Network) S/USD	+0.750%	L +0.0001% / S +0.0006%	1h	$599	—	150x	as long as short
Injective S/USDC PERP	+6.218%	+0.0033%	1h	$2K	$120K	12x	as long as short