Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Gate+0.384%66s7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$286as 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−$2862.855% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.131%+$13 · spread now +0.384%, 7d avg +0.089%

Together, before fees+0.131%+$13 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: ApeX Omni is 0.295% dearer against Gate than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of +0.089%. The two prices were read 66 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	Gate S_USDT	0.03905	0.0100	pay 0.0050% / 4h	1h 26m	$319K	$265K	50x
Short	ApeX Omni SUSDT	0.03920	0.0100	get 0.0013% / 1h	26m 11s	$25K	$465K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now +0.384%Rate

Funding earned: $0
Price spread: +0.384% → +0.089%: $29.47
Slippage, 4 orders: −$260.55
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$256.07
Costs to cover: 2.855%
Break-even: never at this rate

Slippage from Gate: live order book, 54 min ago; ApeX Omni: live order book, 56 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 Gate live order book, 54 min ago	7.65 bp	76.9 bp −$77	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 56 min ago	25.51 bp	77.1 bp −$77	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	−0.1602%	1h	0.03902	−0.071%	$33K	$26K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1576%	1h	0.03826	−2.023%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0847%	4h	0.03915	+0.256%	$609K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0196% / S +0.0189%	1h	0.03907	+0.059%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03905	0.000%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03908	+0.081%	$602	—	150x	as long as short
Orderly PERP_S_USDC	+0.0029%	4h	0.03906	+0.026%	$99K	$346K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.994%	$2K	$37K	12x	as long as short
Aster SUSDT	+0.0092%	4h	0.03908	+0.072%	$43K	$212K	10x	as long as short
Lighter S	+0.0096%	1h	0.03910	+0.128%	$164K	$223K	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	0.03907	+0.049%	$980K	$757K	5x	as long as short
Binance SUSDT	+0.0100%	4h	0.03905	−0.004%	$5.3M	$19.3M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03898	−0.179%	$5.6M	$5.7M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03905	0.000%	$973K	$5.9M	20x	as long as short
Gate S_USDTlong	+0.0100%	4h	0.03905	long leg	$319K	$265K	50x
MEXC S_USDT	+0.0100%	4h	0.03905	0.000%	$3.5M	$2.3M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03904	−0.026%	$1.8M	$3.0M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03907	+0.051%	$1.2M	$2.6M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03906	+0.026%	—	$6.7M	—	as long as short
ApeX Omni SUSDTshort	+0.0100%	1h	0.03920	+0.384%	$25K	$465K	50x
Extended S-USD	+0.0104%	1h	0.03904	−0.024%	$219K	$881K	10x	as long as short
01 Exchange SUSD	+0.0128%	1h	0.03900	−0.128%	$24K	$2K	5x	as long as short
Backpack S_USDC_PERP	+0.0305%	1h	0.03920	+0.384%	$114K	$300K	5x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03918	+0.333%	$268K	$126K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0518%	1h	0.03910	+0.128%	$66K	$10K	10x	as long as short