Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0057%/8h= −6.2% APRpaid last 24h −0.014%

Price spread now: Binance against ApeX Omni−0.173%59s7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$580.582% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 3 days (all we have)+0.167%+$17 · spread now −0.173%, 7d avg −0.003%

Together, before fees+0.140%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.170% cheaper against ApeX Omni than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.003%). Swap the legs. The two prices were read 59 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	4.6300	0.0064	pay 0.0008% / 1h	8m 32s	$23K	$764K	50x
Short	Binance ARUSDT	4.6220	0.0007	get 0.0007% / 8h	8m 32s	$9.3M	$55.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.173%Rate

Funding earned: −$11.89
Price spread: −0.173% → −0.003%: −$17.01
Slippage, 4 orders: −$38.19
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$87.1
Costs to cover: 0.582%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 5 min ago; Binance: live order book, 4 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, 5 min ago	6.49 bp	13.5 bp −$14	117.6 bp −$1,176	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	1.08 bp	14.5 bp −$15	41.7 bp −$417	332.1 bp −$33.2K	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	−0.1946%	1h	4.6251	−0.106%	$52K	$163K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.6298	−0.005%	$595K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0076%	8h	4.6180	−0.259%	$2.4M	$21.1M	20x	as long as short
Binance ARUSDTshort	+0.0007%	8h	4.6220	−0.173%	$9.3M	$55.6M	75x
Extended AR-USD	+0.0008%	1h	4.6221	−0.171%	$38K	$237K	10x	as long as short
MEXC AR_USDT	+0.0008%	8h	4.6230	−0.151%	$6.7M	$4.5M	100x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	−1.253%	$3K	$339	5.5x	as long as short
BloFin AR-USDT	+0.0033%	8h	4.6270	−0.065%	$441K	$682K	20x	as long as short
ApeX Omni ARUSDTlong	+0.0064%	1h	4.6300	long leg	$23K	$764K	50x
Hyperliquid AR	+0.0100%	1h	4.6312	+0.026%	$4.3M	$4.9M	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ARUSDT	+0.0100%	8h	4.6286	−0.031%	$20K	$606K	10x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.6204	−0.207%	$4.6M	$8.8M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.6280	−0.043%	$2.6M	$2.3M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.6230	−0.151%	$1.5M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.6200	−0.216%	$4.0M	$5.7M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.6220	−0.173%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.6108	−0.414%	$143K	$176K	—	as long as short