Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.019%

Price spread now: MEXC against ApeX Omni+0.233%81s7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as 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−$380.383% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 4 days (all we have)−0.994%−$99 · spread now +0.233%, 7d avg +0.007%

Together, before fees−1.024%−$102 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: MEXC is 0.226% dearer against ApeX Omni than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of +0.007%. The two prices were read 81 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	4.2910	0.0100	pay 0.0013% / 1h	59m 57s	$20K	$708K	50x
Short	MEXC AR_USDT	4.3010	0.0100	get 0.0100% / 8h	7h 59m	$6.0M	$4.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.233%Rate

Funding earned: $0
Price spread: +0.233% → +0.007%: $22.6
Slippage, 4 orders: −$24.28
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$15.68
Costs to cover: 0.383%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 39 min ago; MEXC: live order book, 3 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, 39 min ago	7.04 bp	15.2 bp −$15	125.4 bp −$1,254	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	2.33 bp	4.3 bp −$4	22.8 bp −$228	218.2 bp −$21.8K	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	−0.1511%	1h	4.2955	+0.105%	$53K	$135K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.3017	+0.249%	$552K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+3.100%	$2K	$5K	5.5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.3011	+0.235%	$32K	$257K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.2990	+0.186%	$8.6M	$45.3M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.2979	+0.161%	$4.4M	$8.4M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.2960	+0.117%	$2.2M	$14.8M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.2940	+0.070%	$2.0M	$3.2M	50x	as long as short
MEXC AR_USDTshort	+0.0100%	8h	4.3010	+0.233%	$6.0M	$4.0M	100x
KuCoin ARUSDTM	+0.0100%	8h	4.2960	+0.117%	$1.1M	$1.2M	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	4.2940	+0.070%	$3.7M	$5.0M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.3000	+0.210%	—	$2.7M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.2949	+0.091%	$246K	$513K	—	as long as short
ApeX Omni ARUSDTlong	+0.0100%	1h	4.2910	long leg	$20K	$708K	50x
Extended AR-USD	+0.0104%	1h	4.2988	+0.182%	$36K	$244K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.3080	+0.396%	$416K	$446K	20x	as long as short
Hyperliquid AR	+0.0335%	1h	4.3055	+0.338%	$3.9M	$4.6M	5x	as long as short