Funding arb · Price arb /

VIRTUAL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Aster+0.344%49s7-day average −0.005% · 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—prices read too far apart to compare

costs, in and out, $10k−$640.643% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.034%−$3 on $10k

Price spread, last 4 days (all we have)+0.011%+$1 · spread now +0.344%, 7d avg −0.005%

Together, before fees−0.023%+ Points / potential airdropAster: Stage 5 · farm board−$2 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 0.349% dearer against Aster than usual: you sell high and buy low, +$35 on $10k if it goes back to its 7-day average of −0.005%. The two prices were read 49 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	Aster VIRTUALUSDT	0.7183	0.0100	pay 0.0050% / 4h	1h 38m	$97K	$291K	20x
Short	ApeX Omni VIRTUALUSDT	0.7208	0.0100	get 0.0013% / 1h	38m 46s	$41K	$240K	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 +0.344%Rate

Funding earned: $0
Price spread: +0.344% → −0.005%: $34.87
Slippage, 4 orders: −$46.31
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$29.44
Costs to cover: 0.643%
Break-even: never at this rate

Slippage from Aster: live order book, 23 min ago; ApeX Omni: live order book, 23 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, 23 min ago	8.33 bp	18.4 bp −$18	142.4 bp −$1,424	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 23 min ago	6.94 bp	15.1 bp −$15	112.9 bp −$1,129	doesn't fit	doesn't fit

VIRTUAL on 33 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
Deribit VIRTUAL_USDC-PERPETUAL	−0.0307%	1h	0.7176	−0.102%	$15K	$40K	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7180	−0.046%	$24	—	10x	as long as short
01 Exchange VIRTUALUSD	−0.0072%	1h	0.7179	−0.060%	$2K	$131	10x	as long as short
Phoenix VIRTUAL	0.0000%	1h	0.7197	+0.188%	$11K	$37K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0001%	1h	0.7179	−0.058%	$4K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−0.923%	$46	$88K	5.5x	as long as short
Lighter VIRTUAL	+0.0088%	1h	0.7181	−0.037%	$326K	$413K	5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0089%	4h	0.7175	−0.116%	$14K	$1.5M	10x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	0.7192	+0.124%	$8.8M	$4.1M	5x	as long as short
Aster VIRTUALUSDTlong	+0.0100%	4h	0.7183	long leg	$97K	$291K	20x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica VIRTUAL	+0.0100%	1h	0.7186	+0.039%	$71K	$42K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7186	+0.037%	$16.4M	$40.4M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7184	+0.009%	$16.6M	$18.1M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7185	+0.023%	$2.9M	$9.7M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7183	−0.005%	$1.4M	$3.2M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7185	+0.023%	$17.3M	$4.2M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7179	−0.060%	$3.0M	$4.4M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7187	+0.051%	$6.2M	$6.0M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7182	−0.018%	—	$8.0M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7180	−0.046%	$240K	$160K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7192	+0.122%	$535K	$909K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7191	+0.111%	$19K	$259K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7213	+0.415%	$640K	$867K	10x	as long as short
ApeX Omni VIRTUALUSDTshort	+0.0100%	1h	0.7208	+0.344%	$41K	$240K	50x
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7188	+0.060%	$52K	$993K	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7181	−0.032%	$1K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7175	−0.119%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7176	−0.109%	$54K	$274K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7175	−0.115%	$18K	—	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0299% / S −0.0228%	1h	0.7178	−0.079%	$30K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7173	−0.144%	$808K	$844K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0440%	1h	0.7204	+0.288%	$188K	$79K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0911%	1h	0.7187	+0.055%	$597K	$664K	50x	as long as short