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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%
Price spread now: ApeX Omni against Binance+0.035%79s7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$163as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1711.705% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.079%+$8 on $10k
Price spread, last 4 days (all we have)+0.825%+$83 · spread now +0.035%, 7d avg +0.053%
Together, before fees+0.904%+$90 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance SUSDT0.040590.0100pay 0.0050% / 4h1h 58m$5.6M$14.1M75x
ShortApeX Omni SUSDT0.040600.0100get 0.0013% / 1h58m 10s$24K$445K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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
$0
Price spread: +0.035% → +0.053%
−$1.88
Slippage, 4 orders
−$150.54
Fee Binance: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$172.42
Costs to cover
1.705%
Break-even
never at this rate
Slippage from Binance: live order book, 12 min ago; ApeX Omni: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 12 min ago1.23 bp21.9 bp −$2274.0 bp −$7402443.4 bp −$244.3Kdoesn't fit
Sell ApeX Omni live order book, 4 min ago36.90 bp63.0 bp −$63doesn't fitdoesn't fitdoesn't fit

S on 24 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−0.7824%1h0.03940−2.922%$24K$2K5xas long as short
Kraken Futures PF_SUSD−0.1696%1h0.04051−0.195%$34K$16K10xas long as short
Coinbase International S-PERP-INTX−0.1456%1h0.04022−0.902%$48K$16K25xas long as short
Variational Omni S−0.0350%4h0.04052−0.155%$630K$30Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04053−0.133%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.04047−0.277%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04053−0.130%$2K150xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+1.020%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0054%4h0.04057−0.039%$101K$331K10xas long as short
Lighter S+0.0096%1h0.04058−0.015%$168K$155K5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04052−0.153%$1.0M$564K5xas long as short
Aster SUSDT+0.0100%4h0.04053−0.137%$44K$134K10xas long as short
Binance SUSDTlong+0.0100%4h0.04059long leg$5.6M$14.1M75x
Bybit SUSDT+0.0100%4h0.04054−0.113%$5.8M$4.5M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04056−0.064%$1.0M$4.0M20xas long as short
Gate S_USDT+0.0100%4h0.04048−0.261%$333K$199K50xas long as short
MEXC S_USDT+0.0100%4h0.04050−0.212%$3.9M$1.8M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04049−0.236%$1.9M$2.7M50xas long as short
Bitget SUSDT+0.0100%4h0.04054−0.113%$1.2M$2.2M50xas long as short
BingX S-USDT+0.0100%4h0.04053−0.138%$6.7Mas long as short
ApeX Omni SUSDTshort+0.0100%1h0.04060+0.035%$24K$445K50x
Extended S-USD+0.0104%1h0.04056−0.069%$228K$1.1M10xas long as short
Backpack S_USDC_PERP+0.0559%1h0.04050−0.212%$118K$350K5xas long as short
Deribit S_USDC-PERPETUAL+0.0736%1h0.04062+0.084%$68K$10K10xas long as short