Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0187%/8h= +20.5% APRpaid last 24h +0.089%

Price spread now: ApeX Omni against Aster+0.086%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$228as in the Price arb table

costs, in and out, $10k−$2382.377% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.300%+$30 on $10k

Price spread, last 4 days (all we have)+0.311%+$31 · spread now +0.086%, 7d avg −0.007%

Together, before fees+0.611%+ Points / potential airdropAster: Stage 5 · farm board+$61 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and ApeX Omni is 0.093% dearer against Aster than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SUSDT	0.03997	0.0100	pay 0.0050% / 4h	3h 49m	$49K	$140K	10x
Short	ApeX Omni SUSDT	0.04000	0.0287	get 0.0036% / 1h	49m 28s	$24K	$461K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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 AsterbpFee ApeX OmnibpOrdersPrice spread, now +0.086%Rate

Funding earned: $39.23
Price spread: +0.086% → −0.007%: $9.28
Slippage, 4 orders: −$219.68
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$189.17
Costs to cover: 2.377%
Break-even: 40.8 days

Slippage from Aster: live order book, 2 min ago; ApeX Omni: live order book, 3 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 Aster live order book, 2 min ago	13.72 bp	71.7 bp −$72	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 3 min ago	25.00 bp	46.5 bp −$47	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
Kraken Futures PF_SUSD	−0.2230%	1h	0.03995	−0.027%	$33K	$13K	10x	as long as short
01 Exchange SUSD	−0.1528%	1h	0.03970	−0.665%	$25K	$2K	5x	as long as short
Coinbase International S-PERP-INTX	−0.1344%	1h	0.03928	−1.716%	$47K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03996	−0.007%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03994	−0.061%	$4	—	15x	as long as short
Variational Omni S	−0.0028%	4h	0.03997	+0.006%	$620K	$30K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03996	−0.014%	$616	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+2.588%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0076%	4h	0.03997	+0.011%	$99K	$269K	10x	as long as short
Lighter S	+0.0096%	1h	0.03999	+0.061%	$168K	$156K	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	0.03995	−0.027%	$1.0M	$595K	5x	as long as short
Aster SUSDTlong	+0.0100%	4h	0.03997	long leg	$49K	$140K	10x
Binance SUSDT	+0.0100%	4h	0.03996	−0.014%	$5.6M	$14.0M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03991	−0.139%	$5.7M	$4.6M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03994	−0.064%	$1.0M	$3.9M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03992	−0.114%	$326K	$189K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03996	−0.014%	$3.7M	$1.7M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03996	−0.014%	$1.8M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03996	−0.014%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03994	−0.064%	—	$6.8M	—	as long as short
Extended S-USD	+0.0104%	1h	0.03992	−0.123%	$225K	$1.1M	10x	as long as short
ApeX Omni SUSDTshort	+0.0287%	1h	0.04000	+0.086%	$24K	$461K	50x
BloFin S-USDT	+0.0340%	4h	0.03998	+0.036%	$268K	$103K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.1001%	1h	0.04003	+0.161%	$67K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.2112%	1h	0.04010	+0.336%	$117K	$424K	5x	as long as short