Funding arb · Price arb /

AR

all AR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: Bybit against ApeX Omni+0.713%7-day average −0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$1171.170% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 4 days (all we have)−1.622%−$162 · spread now +0.713%, 7d avg −0.086%

Together, before fees−1.698%−$170 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: Bybit is 0.799% dearer against ApeX Omni than usual: you sell high and buy low, +$80 on $10k if it goes back to its 7-day average of −0.086%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ARUSDT	4.4900	0.0100	pay 0.0013% / 1h	31m 31s	$20K	$742K	50x
Short	Bybit ARUSDT	4.5220	0.0100	get 0.0100% / 8h	6h 31m	$4.5M	$8.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.713%Rate

Funding earned: $0
Price spread: +0.713% → −0.086%: $79.91
Slippage, 4 orders: −$95.96
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$37.05
Costs to cover: 1.170%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 37 min ago; Bybit: live order book, 2 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, 37 min ago	7.57 bp	15.3 bp −$15	137.1 bp −$1,371	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.22 bp	39.1 bp −$39	158.1 bp −$1,581	doesn't fit	doesn't fit

AR on 16 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	−0.1694%	1h	4.5233	+0.742%	$55K	$149K	20x	as long as short
Injective AR/USDC PERP	−0.0353%	1h	4.6110	+2.695%	$2K	$2K	5.5x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.5204	+0.678%	$581K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0128%	8h	4.5230	+0.735%	$2.3M	$19.4M	20x	as long as short
Extended AR-USD	+0.0032%	1h	4.5222	+0.718%	$37K	$238K	10x	as long as short
MEXC AR_USDT	+0.0032%	8h	4.5240	+0.757%	$6.4M	$4.3M	100x	as long as short
Binance ARUSDT	+0.0035%	8h	4.5234	+0.743%	$9.0M	$53.0M	75x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5290	+0.869%	$4.1M	$4.7M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5234	+0.744%	$26K	$493K	10x	as long as short
Bybit ARUSDTshort	+0.0100%	8h	4.5220	+0.713%	$4.5M	$8.4M	75x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AR_USDT	+0.0100%	8h	4.5220	+0.713%	$2.5M	$2.1M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5240	+0.757%	$1.4M	$1.1M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.5200	+0.668%	$3.9M	$5.4M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5250	+0.780%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.4903	+0.007%	$140K	$165K	—	as long as short
ApeX Omni ARUSDTlong	+0.0100%	1h	4.4900	long leg	$20K	$742K	50x