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

COIN

RWAall COIN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.016%
Price spread now: ApeX Omni against OKX+0.112%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$420.419% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.093%+$9 on $10k
Price spread, last 4 days (all we have)−0.127%−$13 · spread now +0.112%, 7d avg −0.019%
Together, before fees−0.034%−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.131% dearer against OKX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.019%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX COIN-USDT-SWAP197.270get 0.0000% / 8h5h 49m$3.1M$4.6M20x
ShortApeX Omni COINUSDT197.490.0100get 0.0013% / 1h49m 06s$89K$286K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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: +0.112% → −0.019%
$13.07
Slippage, 4 orders
−$21.92
Fee OKX: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$7.86
Costs to cover
0.419%
Break-even
9.6 days
Slippage from OKX: live order book, 3 min ago; ApeX Omni: live order book, 13 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 OKX live order book, 3 min ago2.02 bp12.6 bp −$1322.0 bp −$220doesn't fitdoesn't fit
Sell ApeX Omni live order book, 13 min ago2.78 bp7.8 bp −$812.5 bp −$125doesn't fitdoesn't fit

COIN on 25 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−0.0737%8h197.26−0.005%$6.3M$10.1M20xas long as short
Injective COIN/USDC PERP−0.0440%1h197.19−0.041%$43K$48K30xas long as short
Gate COIN_USDT−0.0136%8h197.22−0.025%$1.2M$7.0M50xas long as short
Vest COIN-USD-PERP−0.0090%1h196.79−0.243%$284K25xas long as short
Aster COINUSDT0.0000%8h197.31+0.021%$348K$877K20xas long as short
Extended COIN_24_5-USD0.0000%1h197.12−0.074%$119K$697K10xas long as short
Binance COINUSDT0.0000%8h197.21−0.032%$15.1M$78.2M20xas long as short
Bybit COINUSDT0.0000%8h197.22−0.025%$4.9M$5.9M50xas long as short
OKX COIN-USDT-SWAPlong0.0000%8h197.27long leg$3.1M$4.6M20x
Variational Omni COIN0.0000%8h197.61+0.171%$818K$905Kas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT COIN_USDT_Perp0.0000%8h197.63+0.182%$14K$2.1M10xas long as short
QFEX COIN-USD+0.0016%1h197.25−0.010%$1.3M$3.5M10xas long as short
Lighter COIN+0.0032%1h197.18−0.048%$367K$2.0M10xas long as short
Lighter RH COIN+0.0032%1h197.16−0.056%$449K$1.5M10xas long as short
Arcus COIN-USD+0.0040%1h197.45+0.091%$15K$54K5xas long as short
tradeXYZ xyz:COIN+0.0050%1h197.13−0.071%$15.6M$13.4M10xas long as short
Polymarket Perps COIN-USD+0.0050%1h197.22−0.025%$125K$1.2M10xas long as short
SoDEX COIN-USD+0.0050%1h197.19−0.041%$89$3K10xas long as short
Ondo Perps COIN-USD.P+0.0050%1h197.06−0.106%$351K$3.0M10xas long as short
KuCoin COINUSDTM+0.0100%8h197.18−0.046%$993K$143K20xas long as short
ApeX Omni COINUSDTshort+0.0100%1h197.49+0.112%$89K$286K50x
Orderly PERP_COIN_USDC_mythos+0.0100%8h197.19−0.041%$570$4K10xas long as short
Aevo COIN-PERP+0.0104%1h197.18−0.044%$11610xas long as short
edgeX COINUSDC+0.0114%4h197.30+0.017%$51K$294K10xas long as short
Phoenix COIN+0.0162%1h197.44+0.086%$5K$281K10xas long as short