Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.007%

Price spread now: ApeX Omni against KuCoin+0.435%97s7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$242as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2342.342% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 3 days (all we have)−0.334%−$33 · spread now +0.435%, 7d avg +0.027%

Together, before fees−0.410%−$41 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 0.408% dearer against KuCoin than usual: you sell high and buy low, +$41 on $10k if it goes back to its 7-day average of +0.027%. The two prices were read 97 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ARUSDTM	4.5970	0.0100	pay 0.0100% / 8h	7h 05m	$1.4M	$1.2M	50x
Short	ApeX Omni ARUSDT	4.6170	0.0100	get 0.0013% / 1h	5m 49s	$23K	$741K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now +0.435%Rate

Funding earned: $0
Price spread: +0.435% → +0.027%: $40.83
Slippage, 4 orders: −$212.18
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$193.36
Costs to cover: 2.342%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; ApeX Omni: live order book, 3 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 KuCoin live order book, 5 min ago	5.41 bp	119.4 bp −$119	1008.9 bp −$10.1K	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 3 min ago	7.57 bp	17.2 bp −$17	127.0 bp −$1,270	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	−0.2396%	1h	4.6097	+0.277%	$56K	$150K	20x	as long as short
OKX AR-USDT-SWAP	−0.0144%	8h	4.5950	−0.044%	$2.4M	$19.8M	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.5972	+0.004%	$591K	—	50x	as long as short
Extended AR-USD	+0.0008%	1h	4.5959	−0.024%	$38K	$240K	10x	as long as short
MEXC AR_USDT	+0.0009%	8h	4.5960	−0.022%	$6.7M	$4.5M	100x	as long as short
Binance ARUSDT	+0.0009%	8h	4.5980	+0.022%	$9.2M	$53.2M	75x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.6110	+0.305%	$2K	$2K	5.5x	as long as short
BloFin AR-USDT	+0.0037%	8h	4.6130	+0.348%	$440K	$541K	20x	as long as short
Hyperliquid AR	+0.0100%	1h	4.6054	+0.183%	$4.2M	$4.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.6029	+0.128%	$27K	$500K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ARUSDT	+0.0100%	8h	4.5950	−0.044%	$4.6M	$8.4M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.5980	+0.022%	$2.6M	$2.2M	50x	as long as short
KuCoin ARUSDTMlong	+0.0100%	8h	4.5970	long leg	$1.4M	$1.2M	50x
Bitget ARUSDT	+0.0100%	8h	4.5990	+0.044%	$3.9M	$5.5M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5970	0.000%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5907	−0.138%	$143K	$165K	—	as long as short
ApeX Omni ARUSDTshort	+0.0100%	1h	4.6170	+0.435%	$23K	$741K	50x