Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.024%

Price spread now: ApeX Omni against Gate−0.044%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$177as in the Price arb table

costs, in and out, $10k−$1691.693% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 3 days (all we have)+0.127%+$13 · spread now −0.044%, 7d avg +0.030%

Together, before fees+0.159%+$16 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 0.074% cheaper against Gate than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AR_USDT	4.5890	0.0100	pay 0.0100% / 8h	32m 41s	$2.6M	$2.3M	50x
Short	ApeX Omni ARUSDT	4.5870	0.0100	get 0.0013% / 1h	32m 41s	$58K	$746K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → +0.030%: −$7.39
Slippage, 4 orders: −$144.29
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$176.68
Costs to cover: 1.693%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; ApeX Omni: live order book, 46 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 Gate live order book, 5 min ago	4.36 bp	66.9 bp −$67	359.8 bp −$3,598	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 46 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	4.5855	−0.077%	$52K	$163K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.5928	+0.083%	$590K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0015%	8h	4.5840	−0.109%	$2.4M	$20.9M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	−0.370%	$3K	$339	5.5x	as long as short
Binance ARUSDT	+0.0035%	8h	4.5890	0.000%	$9.1M	$55.6M	75x	as long as short
MEXC AR_USDT	+0.0036%	8h	4.5880	−0.022%	$6.8M	$4.4M	100x	as long as short
Extended AR-USD	+0.0040%	1h	4.5864	−0.056%	$37K	$237K	10x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5973	+0.181%	$4.1M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5850	−0.088%	$20K	$611K	10x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5870	−0.044%	$4.6M	$8.9M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AR_USDTlong	+0.0100%	8h	4.5890	long leg	$2.6M	$2.3M	50x
KuCoin ARUSDTM	+0.0100%	8h	4.5870	−0.044%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.5830	−0.131%	$3.9M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5840	−0.109%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5810	−0.175%	$139K	$172K	—	as long as short
ApeX Omni ARUSDTshort	+0.0100%	1h	4.5870	−0.044%	$58K	$746K	50x
BloFin AR-USDT	+0.0146%	8h	4.5860	−0.065%	$435K	$675K	20x	as long as short