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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.012%
Price spread now: ApeX Omni against KuCoin+0.088%7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$306as in the Funding arb table
Net, price: spread back to 7d avg − costs−$310as in the Price arb table
costs, in and out, $10k−$3113.105% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.048%+$5 on $10k
Price spread, last 4 days (all we have)+0.482%+$48 · spread now +0.088%, 7d avg +0.079%
Together, before fees+0.530%+$53 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin SUSDTM0.045560.0100pay 0.0050% / 4h1h 46m$2.2M$2.9M50x
ShortApeX Omni SUSDT0.045600.0100get 0.0013% / 1h46m 59s$24K$525K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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: +0.088% → +0.079%
$0.92
Slippage, 4 orders
−$288.54
Fee KuCoin: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$309.63
Costs to cover
3.105%
Break-even
never at this rate
Slippage from KuCoin: live order book, 3 min ago; ApeX Omni: live order book, 63 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 KuCoin live order book, 3 min ago4.40 bp108.9 bp −$109504.4 bp −$5,044doesn't fitdoesn't fit
Sell ApeX Omni live order book, 63 min ago33.75 bp52.7 bp −$53doesn't fitdoesn't fitdoesn't fit

S on 25 exchanges

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−0.9904%1h0.04420−2.985%$27K$3K5xas long as short
Kraken Futures PF_SUSD−0.4612%1h0.04551−0.111%$39K$23K10xas long as short
Coinbase International S-PERP-INTX−0.1904%1h0.04128−9.394%$50K$18K25xas long as short
Variational Omni S−0.0755%4h0.04545−0.234%$701K$11Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0336% / S +0.0211%1h0.04563+0.154%$2K100xas long as short
Reya SRUSDPERP−0.0101%1h0.04559+0.063%$515xas long as short
Orderly PERP_S_USDC−0.0037%4h0.04564+0.176%$113K$644K10xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04564+0.175%$703150xas long as short
Lighter S+0.0096%1h0.04558+0.044%$159K$141K5xas long as short
Hyperliquid S+0.0100%1h0.04561+0.103%$1.2M$869K5xas long as short
Show all 25 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster SUSDT+0.0100%4h0.04562+0.139%$48K$154K10xas long as short
Binance SUSDT+0.0100%4h0.04562+0.132%$6.8M$20.2M75xas long as short
Bybit SUSDT+0.0100%4h0.04554−0.044%$6.4M$5.4M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04562+0.132%$1.4M$6.2M20xas long as short
Gate S_USDT+0.0100%4h0.04557+0.022%$384K$227K50xas long as short
MEXC S_USDT+0.0100%4h0.045560.000%$4.5M$3.1M200xas long as short
KuCoin SUSDTMlong+0.0100%4h0.04556long leg$2.2M$2.9M50x
Bitget SUSDT+0.0100%4h0.04564+0.176%$1.4M$2.9M50xas long as short
BingX S-USDT+0.0100%4h0.04557+0.022%$7.0Mas long as short
ApeX Omni SUSDTshort+0.0100%1h0.04560+0.088%$24K$525K50x
Extended S-USD+0.0104%1h0.04559+0.060%$242K$1.3M10xas long as short
Injective S/USDC PERP+0.0140%1h0.04600+0.966%$2K$212xas long as short
BloFin S-USDT+0.0340%4h0.04555−0.022%$335K$216K75xas long as short
Deribit S_USDC-PERPETUAL+0.0626%1h0.04568+0.263%$77K$62310xas long as short
Backpack S_USDC_PERP+0.0712%1h0.04570+0.307%$108K$461K5xas long as short