AR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0650%/8h= −71.2% APRnext payment −$0.81 per $10,000 · paid last 24h −0.177%

Price spread now: GMX against ApeX Omni−2.415%68s7-day average +0.026% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.652%−$65 on $10k

Price spread, last 4 days (all we have)+2.801%+$280 · spread now −2.415%, 7d avg +0.026%

Together, before fees+2.149%+$215 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and GMX is 2.441% cheaper against ApeX Omni than usual: you would sell low and buy high (−$244 if the spread goes back to its 7-day average of +0.026%). Swap the legs. The two prices were read 68 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	4.3040	0.0100	pay 0.0013% / 1h	37m 43s	$19K	$712K	50x
Short	GMX AR/USD [WBTC.b-USDC]	4.2000	L −0.0140% / S +0.0550%	pay 0.0069% / 1h	37m 43s	$539K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −2.415%Rate

Funding earned: −$136.53
Price spread: −2.415% → +0.026%: −$244.08
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$402.62
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 11 min ago; GMX: no order-book sample. Net counts fees only.

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, 11 min ago	9.14 bp	17.3 bp −$17	126.4 bp −$1,264	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0922%	1h	4.1813	−2.851%	$54K	$176K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]short	L −0.0140% / S +0.0550%	1h	4.2000	−2.415%	$539K	—	50x
Hyperliquid AR	+0.0100%	1h	4.2023	−2.363%	$3.5M	$4.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.2037	−2.330%	$39K	$460K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.2070	−2.254%	$8.2M	$51.5M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.2157	−2.052%	$4.3M	$9.0M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.2110	−2.161%	$2.1M	$16.8M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.1920	−2.602%	$2.3M	$2.6M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.2130	−2.114%	$5.6M	$4.3M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.2120	−2.138%	$1.1M	$1.3M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ARUSDT	+0.0100%	8h	4.1990	−2.440%	$3.7M	$5.4M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.1960	−2.509%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.2998	−0.097%	$244K	$431K	—	as long as short
ApeX Omni ARUSDTlong	+0.0100%	1h	4.3040	long leg	$19K	$712K	50x
Extended AR-USD	+0.0104%	1h	4.2008	−2.397%	$35K	$245K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.1790	−2.904%	$404K	$453K	20x	as long as short
Injective AR/USDC PERP	+0.0666%	1h	4.4240	+2.788%	$2K	$5K	5.5x	as long as short