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

S

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.020%
Price spread now: ApeX Omni against Injective−4.634%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.075%+$8 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. ApeX Omni is 4.634% cheaper against Injective than usual: you would sell low and buy high (spread −4.634% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$463 on $10k: about 8 months of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective S/USDC PERP0.041000.0033pay 0.0004% / 1h4m 32s$2K$37K12x
ShortApeX Omni SUSDT0.039100.0100get 0.0013% / 1h4m 32s$23K$470K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Injective. 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
$14
Price spread: −4.634% → 0.000%
−$463.41
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$459.43
Costs to cover
0.100%
Break-even
236.7 days
Slippage unknown: Injective: no order-book sample; ApeX Omni: live order book, 18 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell ApeX Omni live order book, 18 min ago25.51 bp77.1 bp −$77doesn't fitdoesn't fitdoesn't fit
Injective: 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 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
Kraken Futures PF_SUSD−0.1461%1h0.03905−4.744%$33K$30K10xas long as short
Coinbase International S-PERP-INTX−0.1264%1h0.03826−6.683%$47K$5K25xas long as short
Variational Omni S−0.0823%4h0.03900−4.870%$607K$34Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0192% / S +0.0186%1h0.03916−4.485%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.03908−4.681%$415xas long as short
Orderly PERP_S_USDC+0.0002%4h0.03908−4.683%$99K$346K10xas long as short
Deribit S_USDC-PERPETUAL+0.0006%1h0.03913−4.561%$66K$10K10xas long as short
Aster SUSDT+0.0021%4h0.03911−4.598%$43K$212K10xas long as short
01 Exchange SUSD+0.0032%1h0.03910−4.634%$24K$3K5xas long as short
Injective S/USDC PERPlong+0.0033%1h0.04100long leg$2K$37K12x
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter S+0.0096%1h0.03914−4.537%$164K$240K5xas long as short
Hyperliquid S+0.0100%1h0.03911−4.600%$982K$877K5xas long as short
Binance SUSDT+0.0100%4h0.03910−4.634%$5.3M$23.2M75xas long as short
Bybit SUSDT+0.0100%4h0.03906−4.732%$5.6M$6.3M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.03907−4.707%$974K$7.2M20xas long as short
Gate S_USDT+0.0100%4h0.03905−4.756%$319K$293K50xas long as short
MEXC S_USDT+0.0100%4h0.03909−4.659%$3.4M$2.6M200xas long as short
KuCoin SUSDTM+0.0100%4h0.03906−4.732%$1.8M$3.1M50xas long as short
Bitget SUSDT+0.0100%4h0.03911−4.610%$1.2M$2.9M50xas long as short
BingX S-USDT+0.0100%4h0.03909−4.659%$6.8Mas long as short
ApeX Omni SUSDTshort+0.0100%1h0.03910−4.634%$23K$470K50x
Extended S-USD+0.0104%1h0.03907−4.700%$219K$883K10xas long as short
BloFin S-USDT+0.0340%4h0.03904−4.780%$267K$146K75xas long as short
Backpack S_USDC_PERP+0.0541%1h0.03920−4.390%$114K$298K5xas long as short