Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%

Price spread now: OKX against ApeX Omni−0.067%7-day average −0.088% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$740.737% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 3 days (all we have)−0.001%$0 · spread now −0.067%, 7d avg −0.088%

Together, before fees−0.010%−$1 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: OKX is 0.021% dearer against ApeX Omni than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ARUSDT	4.4790	0.0100	pay 0.0013% / 1h	31m 03s	$57K	$745K	50x
Short	OKX AR-USDT-SWAP	4.4760	0.0100	get 0.0100% / 8h	2h 31m	$2.2M	$20.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.067%Rate

Funding earned: $0
Price spread: −0.067% → −0.088%: $2.13
Slippage, 4 orders: −$53.65
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$71.52
Costs to cover: 0.737%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 57 min ago; OKX: 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, 57 min ago	6.64 bp	16.1 bp −$16	122.9 bp −$1,229	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.12 bp	18.4 bp −$18	129.7 bp −$1,297	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	−0.2004%	1h	4.4771	−0.042%	$46K	$155K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.4804	+0.031%	$575K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	+2.076%	$3K	$363	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.4851	+0.136%	$3.8M	$4.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.4760	−0.067%	$20K	$626K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.4800	+0.022%	$8.8M	$56.2M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.4771	−0.042%	$4.6M	$8.9M	75x	as long as short
OKX AR-USDT-SWAPshort	+0.0100%	8h	4.4760	−0.067%	$2.2M	$20.7M	20x
Gate AR_USDT	+0.0100%	8h	4.4750	−0.089%	$2.5M	$2.3M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.4810	+0.045%	$6.7M	$4.8M	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ARUSDTM	+0.0100%	8h	4.4800	+0.022%	$1.4M	$1.1M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.4760	−0.067%	$3.8M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.4770	−0.045%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.4723	−0.149%	$137K	$173K	—	as long as short
ApeX Omni ARUSDTlong	+0.0100%	1h	4.4790	long leg	$57K	$745K	50x
Extended AR-USD	+0.0104%	1h	4.4796	+0.014%	$36K	$237K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.4790	0.000%	$421K	$669K	20x	as long as short