AR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0046%/8h= +5.1% APRnext payment +$0.06 per $10,000 · paid last 24h +0.007%

Price spread now: Hyperliquid against ApeX Omni+0.180%7-day average +0.131% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$640.641% of the position

Long on ApeX Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.128%+$13 on $10k

Price spread, last 4 days (all we have)−0.403%−$40 · spread now +0.180%, 7d avg +0.131%

Together, before fees−0.275%+ Points / potential airdropHyperliquid: Season 2 · farm board−$28 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 Hyperliquid is 0.049% dearer against ApeX Omni than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.131%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ARUSDT	4.5530	0.0100	pay 0.0013% / 1h	20m 39s	$20K	$724K	50x
Short	Hyperliquid AR	4.5612	0.0146	get 0.0018% / 1h	20m 39s	$4.1M	$4.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.180%Rate

Funding earned: $9.72
Price spread: +0.180% → +0.131%: $4.9
Slippage, 4 orders: −$45.06
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$49.45
Costs to cover: 0.641%
Break-even: 42.6 days

Slippage from ApeX Omni: live order book, 43 min ago; Hyperliquid: live order book, 1 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	7.70 bp	15.6 bp −$16	128.9 bp −$1,289	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 1 min ago	3.18 bp	14.3 bp −$14	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
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.5511	−0.041%	$586K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0056%	8h	4.5530	0.000%	$2.3M	$18.8M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5290	−0.527%	$548	$3K	5.5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5535	+0.012%	$19K	$492K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.5540	+0.022%	$9.1M	$51.3M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5540	+0.022%	$4.7M	$8.4M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.5540	+0.022%	$2.6M	$2.0M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.5550	+0.044%	$6.5M	$4.3M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5500	−0.066%	$1.2M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.5510	−0.044%	$4.0M	$5.3M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AR-USDT	+0.0100%	8h	4.5550	+0.044%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5477	−0.117%	$236K	$255K	—	as long as short
ApeX Omni ARUSDTlong	+0.0100%	1h	4.5530	long leg	$20K	$724K	50x
Extended AR-USD	+0.0104%	1h	4.5527	−0.007%	$38K	$235K	10x	as long as short
Hyperliquid ARshort	+0.0146%	1h	4.5612	+0.180%	$4.1M	$4.5M	5x
BloFin AR-USDT	+0.0220%	8h	4.5490	−0.088%	$437K	$496K	20x	as long as short
Kraken Futures PF_ARUSD	+0.1919%	1h	4.5562	+0.070%	$56K	$148K	20x	as long as short