Funding arb · Price arb /

AR

all AR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.021%

Price spread now: ApeX Omni against Aster−0.335%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$870.871% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.010%+$1 on $10k

Price spread, last 3 days (all we have)+0.371%+$37 · spread now −0.335%, 7d avg −0.008%

Together, before fees+0.381%+ Points / potential airdropAster: Stage 5 · farm board+$38 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: ApeX Omni is 0.326% cheaper against Aster than usual: you would sell low and buy high, −$33 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ARUSDT	4.5833	0.0100	pay 0.0100% / 8h	58m 49s	$20K	$615K	10x
Short	ApeX Omni ARUSDT	4.5680	0.0100	get 0.0013% / 1h	58m 49s	$58K	$748K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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 AsterbpFee ApeX OmnibpOrdersPrice spread, now −0.335%Rate

Funding earned: $0
Price spread: −0.335% → −0.008%: −$32.61
Slippage, 4 orders: −$69.1
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$119.7
Costs to cover: 0.871%
Break-even: never at this rate

Slippage from Aster: live order book, 19 min ago; ApeX Omni: live order book, 20 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 Aster live order book, 19 min ago	10.96 bp	36.6 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 20 min ago	5.51 bp	13.9 bp −$14	118.1 bp −$1,181	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	−0.1963%	1h	4.5858	+0.053%	$47K	$157K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.5847	+0.031%	$590K	—	50x	as long as short
OKX AR-USDT-SWAP	+0.0012%	8h	4.5830	−0.007%	$2.4M	$20.9M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	−0.247%	$3K	$339	5.5x	as long as short
Binance ARUSDT	+0.0055%	8h	4.5870	+0.080%	$9.0M	$55.6M	75x	as long as short
MEXC AR_USDT	+0.0055%	8h	4.5850	+0.036%	$6.9M	$4.4M	100x	as long as short
Extended AR-USD	+0.0056%	1h	4.5851	+0.038%	$37K	$237K	10x	as long as short
Aster ARUSDTlong	+0.0100%	8h	4.5833	long leg	$20K	$615K	10x
Bybit ARUSDT	+0.0100%	8h	4.5840	+0.015%	$4.7M	$8.9M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.5880	+0.102%	$2.6M	$2.3M	50x	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	4.5910	+0.167%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.5840	+0.015%	$3.9M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5860	+0.058%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5609	−0.490%	$139K	$173K	—	as long as short
ApeX Omni ARUSDTshort	+0.0100%	1h	4.5680	−0.335%	$58K	$748K	50x
BloFin AR-USDT	+0.0175%	8h	4.5830	−0.007%	$432K	$675K	20x	as long as short
Hyperliquid AR	+0.0254%	1h	4.5960	+0.276%	$4.1M	$4.9M	5x	as long as short