Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0083%/8h= +9.1% APRpaid last 24h +0.014%

Price spread now: ApeX Omni against Binance+0.087%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$580.582% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 3 days (all we have)−0.080%−$8 · spread now +0.087%, 7d avg +0.003%

Together, before fees−0.054%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and ApeX Omni is 0.084% dearer against Binance than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ARUSDT	4.6190	0.0007	pay 0.0007% / 8h	6m 54s	$9.3M	$55.6M	75x
Short	ApeX Omni ARUSDT	4.6230	0.0090	get 0.0011% / 1h	6m 54s	$23K	$764K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now +0.087%Rate

Funding earned: $17.4
Price spread: +0.087% → +0.003%: $8.4
Slippage, 4 orders: −$38.19
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$32.39
Costs to cover: 0.582%
Break-even: 20.0 days

Slippage from Binance: live order book, 5 min ago; ApeX Omni: live order book, 7 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 Binance live order book, 5 min ago	1.08 bp	13.8 bp −$14	45.7 bp −$457	401.7 bp −$40.2K	doesn't fit
Sell ApeX Omni live order book, 7 min ago	6.49 bp	16.4 bp −$16	124.4 bp −$1,244	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	−0.1948%	1h	4.6209	+0.042%	$52K	$163K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.6229	+0.084%	$594K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0081%	8h	4.6140	−0.108%	$2.4M	$21.1M	20x	as long as short
MEXC AR_USDT	+0.0006%	8h	4.6190	0.000%	$6.7M	$4.5M	100x	as long as short
Binance ARUSDTlong	+0.0007%	8h	4.6190	long leg	$9.3M	$55.6M	75x
Extended AR-USD	+0.0008%	1h	4.6176	−0.029%	$38K	$237K	10x	as long as short
BloFin AR-USDT	+0.0028%	8h	4.6190	0.000%	$441K	$681K	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	−1.018%	$3K	$339	5.5x	as long as short
ApeX Omni ARUSDTshort	+0.0090%	1h	4.6230	+0.087%	$23K	$764K	50x
Hyperliquid AR	+0.0100%	1h	4.6305	+0.249%	$4.3M	$4.9M	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ARUSDT	+0.0100%	8h	4.6252	+0.135%	$20K	$606K	10x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.6170	−0.043%	$4.6M	$8.8M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.6190	0.000%	$2.6M	$2.3M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.6200	+0.022%	$1.5M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.6200	+0.022%	$4.0M	$5.7M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.6160	−0.065%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.6108	−0.177%	$143K	$176K	—	as long as short