Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0118%/8h= −12.9% APRpaid last 24h +0.014%

Price spread now: ApeX Omni against BloFin+0.088%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$610.607% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 4 days (all we have)−0.202%−$20 · spread now +0.088%, 7d avg +0.030%

Together, before fees−0.286%−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.058% dearer against BloFin than usual: you sell high and buy low (spread +0.088% now, against its 7-day average of +0.030%): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 39 hours. At the pace of the last 7 days (−0.084% in total) that is about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AR-USDT	4.5450	0.0218	pay 0.0218% / 8h	5h 39m	$438K	$499K	20x
Short	ApeX Omni ARUSDT	4.5490	0.0100	get 0.0013% / 1h	39m 42s	$20K	$725K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now +0.088%Rate

Funding earned: −$24.69
Price spread: +0.088% → +0.030%: $5.76
Slippage, 4 orders: −$38.66
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$79.59
Costs to cover: 0.607%
Break-even: never at this rate

Slippage from BloFin: live order book, 86 min ago; ApeX Omni: live order book, 24 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 BloFin live order book, 86 min ago	2.17 bp	8.2 bp −$8	9.7 bp −$97	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 24 min ago	7.70 bp	15.8 bp −$16	135.6 bp −$1,356	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	4.5391	−0.131%	$583K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0094%	8h	4.5340	−0.242%	$2.3M	$18.9M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5290	−0.352%	$548	$3K	5.5x	as long as short
Extended AR-USD	+0.0096%	1h	4.5388	−0.136%	$37K	$239K	10x	as long as short
MEXC AR_USDT	+0.0098%	8h	4.5390	−0.132%	$6.6M	$4.3M	100x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5483	+0.073%	$4.1M	$4.5M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5435	−0.034%	$19K	$500K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.5400	−0.110%	$9.1M	$51.6M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5369	−0.178%	$4.7M	$8.4M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.5400	−0.110%	$2.5M	$1.9M	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	4.5390	−0.132%	$1.2M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.5370	−0.176%	$3.9M	$5.3M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5380	−0.154%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5401	−0.107%	$236K	$258K	—	as long as short
ApeX Omni ARUSDTshort	+0.0100%	1h	4.5490	+0.088%	$20K	$725K	50x
BloFin AR-USDTlong	+0.0218%	8h	4.5450	long leg	$438K	$499K	20x
Kraken Futures PF_ARUSD	+0.1922%	1h	4.5476	+0.057%	$56K	$149K	20x	as long as short