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

COIN

RWAall COIN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%
Price spread now: ApeX Omni against Aster−0.043%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1401.403% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.200%+$20 on $10k
Price spread, last 4 days (all we have)−0.077%−$8 · spread now −0.043%, 7d avg −0.014%
Together, before fees+0.124%+ Points / potential airdropAster: Stage 5 · farm board+$12 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.028% cheaper against Aster than usual: you would sell low and buy high (spread −0.043% now, against its 7-day average of −0.014%). If the spread goes back, that is −$3 on $10k: about 23 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster COINUSDT196.340get 0.0000% / 8h3h 07m$343K$890K20x
ShortApeX Omni COINUSDT196.260.0100get 0.0013% / 1h7m 19s$88K$287K50x

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

Funding earned
$21
Price spread: −0.043% → −0.014%
−$2.85
Slippage, 4 orders
−$122.35
Fee Aster: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$122.2
Costs to cover
1.403%
Break-even
47.7 days
Slippage from Aster: live order book, 45 min ago; ApeX Omni: live order book, 45 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 Aster live order book, 45 min ago52.17 bp65.1 bp −$65doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 45 min ago2.79 bp7.8 bp −$813.0 bp −$130doesn't fitdoesn't fit

COIN on 26 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
Bitget COINUSDT−0.0733%8h196.55+0.105%$6.2M$10.5M20xas long as short
Injective COIN/USDC PERP−0.0440%1h196.32−0.012%$43K$48K30xas long as short
Gate COIN_USDT−0.0227%8h196.50+0.079%$1.2M$7.3M50xas long as short
Vest COIN-USD-PERP−0.0110%1h195.75−0.303%$262K25xas long as short
Aster COINUSDTlong0.0000%8h196.34long leg$343K$890K20x
Extended COIN_24_5-USD0.0000%1h196.40+0.028%$116K$845K10xas long as short
Binance COINUSDT0.0000%8h196.45+0.054%$14.6M$80.4M20xas long as short
Bybit COINUSDT0.0000%8h196.42+0.039%$4.8M$6.1M50xas long as short
OKX COIN-USDT-SWAP0.0000%8h196.46+0.059%$3.0M$4.7M20xas long as short
Variational Omni COIN0.0000%8h196.37+0.012%$682K$939Kas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT COIN_USDT_Perp0.0000%8h196.32−0.010%$20K$2.5M10xas long as short
QFEX COIN-USD+0.0020%1h196.36+0.008%$1.3M$3.1M10xas long as short
Lighter RH COIN+0.0032%1h196.40+0.028%$454K$1.5M10xas long as short
Lighter COIN+0.0040%1h196.45+0.052%$380K$2.1M10xas long as short
Arcus COIN-USD+0.0040%1h196.51+0.084%$15K$55K5xas long as short
tradeXYZ xyz:COIN+0.0050%1h196.32−0.012%$15.3M$13.7M10xas long as short
Polymarket Perps COIN-USD+0.0050%1h196.35+0.003%$133K$1.2M10xas long as short
SoDEX COIN-USD+0.0050%1h196.37+0.013%$83$3K10xas long as short
Ondo Perps COIN-USD.P+0.0050%1h196.21−0.068%$350K$2.7M10xas long as short
KuCoin COINUSDTM+0.0100%8h196.32−0.012%$989K$143K20xas long as short
ApeX Omni COINUSDTshort+0.0100%1h196.26−0.043%$88K$287K50x
Orderly PERP_COIN_USDC_mythos+0.0100%8h196.41+0.033%$568$4K10xas long as short
Aevo COIN-PERP+0.0104%1h196.39+0.022%$11610xas long as short
BloFin COIN-USDT+0.0120%8h196.49+0.074%$188K$393K20xas long as short
Phoenix COIN+0.0122%1h196.37+0.013%$4K$283K10xas long as short
edgeX COINUSDC+0.0805%4h196.36+0.008%$51K$295K10xas long as short