Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.017%

Price spread now: ApeX Omni against MEXC+0.046%111s7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as 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−$430.431% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 4 days (all we have)−0.095%−$10 · spread now +0.046%, 7d avg −0.009%

Together, before fees−0.065%−$7 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 0.055% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.009%. The two prices were read 111 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	MEXC AR_USDT	4.3640	0.0100	pay 0.0100% / 8h	2h 55m	$6.0M	$4.1M	100x
Short	ApeX Omni ARUSDT	4.3660	0.0100	get 0.0013% / 1h	55m 42s	$19K	$710K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → −0.009%: $5.46
Slippage, 4 orders: −$29.13
Fee MEXC: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$37.67
Costs to cover: 0.431%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; ApeX Omni: live order book, 58 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 MEXC live order book, 2 min ago	3.43 bp	5.4 bp −$5	17.5 bp −$175	233.1 bp −$23.3K	doesn't fit
Sell ApeX Omni live order book, 58 min ago	6.76 bp	14.9 bp −$15	122.0 bp −$1,220	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	−0.0882%	1h	4.3679	+0.089%	$59K	$143K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.3672	+0.074%	$561K	—	50x	as long as short
Aster ARUSDT	+0.0100%	8h	4.3653	+0.030%	$30K	$458K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.3633	−0.016%	$8.5M	$50.3M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.3634	−0.014%	$4.4M	$8.5M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.3620	−0.046%	$2.2M	$17.2M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.3640	0.000%	$2.4M	$1.8M	50x	as long as short
MEXC AR_USDTlong	+0.0100%	8h	4.3640	long leg	$6.0M	$4.1M	100x
KuCoin ARUSDTM	+0.0100%	8h	4.3640	0.000%	$1.1M	$1.3M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.3590	−0.115%	$3.8M	$5.2M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AR-USDT	+0.0100%	8h	4.3640	0.000%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.3677	+0.086%	$242K	$424K	—	as long as short
ApeX Omni ARUSDTshort	+0.0100%	1h	4.3660	+0.046%	$19K	$710K	50x
Extended AR-USD	+0.0104%	1h	4.3623	−0.038%	$36K	$248K	10x	as long as short
Hyperliquid AR	+0.0144%	1h	4.3680	+0.092%	$3.7M	$4.4M	5x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.3760	+0.275%	$416K	$470K	20x	as long as short
Injective AR/USDC PERP	+0.0666%	1h	4.4240	+1.375%	$2K	$5K	5.5x	as long as short