Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: ApeX Omni against Bybit+0.132%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1151.148% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 4 days (all we have)+0.365%+$37 · spread now +0.132%, 7d avg +0.086%

Together, before fees+0.442%+$44 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 0.046% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.086%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARUSDT	4.5430	0.0100	pay 0.0100% / 8h	5h 41m	$4.7M	$8.4M	75x
Short	ApeX Omni ARUSDT	4.5490	0.0100	get 0.0013% / 1h	41m 08s	$20K	$725K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now +0.132%Rate

Funding earned: $0
Price spread: +0.132% → +0.086%: $4.64
Slippage, 4 orders: −$93.85
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$110.2
Costs to cover: 1.148%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; ApeX Omni: live order book, 23 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 Bybit live order book, 2 min ago	2.20 bp	48.4 bp −$48	161.3 bp −$1,613	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 23 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	4.5429	−0.002%	$584K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0092%	8h	4.5420	−0.022%	$2.3M	$19.0M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5290	−0.308%	$548	$3K	5.5x	as long as short
Extended AR-USD	+0.0096%	1h	4.5408	−0.048%	$37K	$239K	10x	as long as short
MEXC AR_USDT	+0.0097%	8h	4.5400	−0.066%	$6.6M	$4.3M	100x	as long as short
Binance ARUSDT	+0.0098%	8h	4.5450	+0.044%	$9.1M	$51.6M	75x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5492	+0.136%	$4.1M	$4.6M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5441	+0.025%	$19K	$500K	10x	as long as short
Bybit ARUSDTlong	+0.0100%	8h	4.5430	long leg	$4.7M	$8.4M	75x
Gate AR_USDT	+0.0100%	8h	4.5430	0.000%	$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	4.5400	−0.066%	$1.2M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.5380	−0.110%	$3.9M	$5.3M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5410	−0.044%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5401	−0.064%	$236K	$258K	—	as long as short
ApeX Omni ARUSDTshort	+0.0100%	1h	4.5490	+0.132%	$20K	$725K	50x
BloFin AR-USDT	+0.0218%	8h	4.5450	+0.044%	$438K	$499K	20x	as long as short
Kraken Futures PF_ARUSD	+0.1923%	1h	4.5470	+0.087%	$56K	$149K	20x	as long as short