Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h −0.024%

Price spread now: Gate against ApeX Omni+0.130%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$164as in the Funding arb table

Net, price: spread back to 7d avg − costs−$145as in the Price arb table

costs, in and out, $10k−$1611.613% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 3 days (all we have)−0.273%−$27 · spread now +0.130%, 7d avg −0.030%

Together, before fees−0.305%−$30 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Gate is 0.160% dearer against ApeX Omni than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ARUSDT	4.6060	0.0066	pay 0.0008% / 1h	43m 39s	$22K	$739K	50x
Short	Gate AR_USDT	4.6120	0.0100	get 0.0100% / 8h	7h 43m	$2.6M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.130%Rate

Funding earned: $7.04
Price spread: +0.130% → −0.030%: $15.99
Slippage, 4 orders: −$136.26
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$138.23
Costs to cover: 1.613%
Break-even: 144.5 days

Slippage from ApeX Omni: live order book, 30 min ago; Gate: 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, 30 min ago	6.49 bp	13.5 bp −$14	117.6 bp −$1,176	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	5.43 bp	78.3 bp −$78	260.2 bp −$2,602	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	−0.2398%	1h	4.6044	−0.034%	$52K	$154K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.6103	+0.094%	$592K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0123%	8h	4.6080	+0.043%	$2.4M	$20.4M	20x	as long as short
Binance ARUSDT	−0.0001%	8h	4.6130	+0.152%	$9.2M	$54.6M	75x	as long as short
Extended AR-USD	0.0000%	1h	4.6099	+0.086%	$40K	$275K	10x	as long as short
MEXC AR_USDT	0.0000%	8h	4.6120	+0.130%	$6.7M	$4.4M	100x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	−0.738%	$3K	$239	5.5x	as long as short
ApeX Omni ARUSDTlong	+0.0066%	1h	4.6060	long leg	$22K	$739K	50x
Hyperliquid AR	+0.0100%	1h	4.6214	+0.334%	$4.3M	$4.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.6095	+0.076%	$20K	$596K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ARUSDT	+0.0100%	8h	4.6080	+0.043%	$4.6M	$8.6M	75x	as long as short
Gate AR_USDTshort	+0.0100%	8h	4.6120	+0.130%	$2.6M	$2.2M	50x
KuCoin ARUSDTM	+0.0100%	8h	4.6110	+0.109%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.6070	+0.022%	$4.0M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.6080	+0.043%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.6033	−0.059%	$143K	$170K	—	as long as short
BloFin AR-USDT	+0.0117%	8h	4.6060	0.000%	$438K	$610K	20x	as long as short