Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.021%

Price spread now: Aster against ApeX Omni−0.089%109s7-day average +0.009% · you buy dearer than you sell

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−$870.871% of the position

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.012%−$1 on $10k

Price spread, last 3 days (all we have)+0.060%+$6 · spread now −0.089%, 7d avg +0.009%

Together, before fees+0.048%+ Points / potential airdropAster: Stage 5 · farm board+$5 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: Aster is 0.099% cheaper against ApeX Omni than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.009%. The two prices were read 109 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	ApeX Omni ARUSDT	4.5870	0.0100	pay 0.0013% / 1h	35m 35s	$58K	$747K	50x
Short	Aster ARUSDT	4.5829	0.0100	get 0.0100% / 8h	35m 35s	$20K	$611K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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 ApeX OmnibpFee AsterbpOrdersPrice spread, now −0.089%Rate

Funding earned: $0
Price spread: −0.089% → +0.009%: −$9.88
Slippage, 4 orders: −$69.1
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$96.97
Costs to cover: 0.871%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 43 min ago; Aster: live order book, 42 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 ApeX Omni live order book, 43 min ago	5.51 bp	15.2 bp −$15	130.5 bp −$1,305	doesn't fit	doesn't fit
Sell Aster live order book, 42 min ago	10.96 bp	21.4 bp −$21	doesn't fit	doesn't fit	doesn't fit

AR on 17 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
Kraken Futures PF_ARUSD	−0.1964%	1h	4.5831	−0.086%	$52K	$163K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.5883	+0.029%	$590K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0006%	8h	4.5800	−0.153%	$2.4M	$20.9M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	−0.327%	$3K	$339	5.5x	as long as short
Binance ARUSDT	+0.0038%	8h	4.5845	−0.054%	$9.1M	$55.6M	75x	as long as short
MEXC AR_USDT	+0.0038%	8h	4.5840	−0.065%	$6.7M	$4.4M	100x	as long as short
Extended AR-USD	+0.0040%	1h	4.5836	−0.073%	$37K	$237K	10x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5918	+0.105%	$4.1M	$4.9M	5x	as long as short
Aster ARUSDTshort	+0.0100%	8h	4.5829	−0.089%	$20K	$611K	10x
Bybit ARUSDT	+0.0100%	8h	4.5824	−0.100%	$4.6M	$8.9M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AR_USDT	+0.0100%	8h	4.5880	+0.022%	$2.6M	$2.3M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5860	−0.022%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.5820	−0.109%	$3.9M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5830	−0.087%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5810	−0.131%	$139K	$172K	—	as long as short
ApeX Omni ARUSDTlong	+0.0100%	1h	4.5870	long leg	$58K	$747K	50x
BloFin AR-USDT	+0.0160%	8h	4.5870	0.000%	$435K	$676K	20x	as long as short