Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0022%/8h= +2.5% APRpaid last 24h −0.004%

Price spread now: Bitget against ApeX Omni+0.273%113s7-day average −0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as 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−$570.567% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 4 days (all we have)−0.752%−$75 · spread now +0.273%, 7d avg −0.052%

Together, before fees−0.839%−$84 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.325% dearer against ApeX Omni than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of −0.052%. Mind the row above: over the last 7 days funding on this pair cost −0.087%, so the current rate has only just turned in your favour. The two prices were read 113 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	ApeX Omni ARBUSDT	0.2199	0.0046	pay 0.0006% / 1h	53m 41s	$119K	$283K	50x
Short	Bitget ARBUSDT	0.2205	0.0068	get 0.0068% / 8h	4h 53m	$21.0M	$34.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against ApeX Omni. 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 ApeX OmnibpFee BitgetbpOrdersPrice spread, now +0.273%Rate

Funding earned: $4.72
Price spread: +0.273% → −0.052%: $32.49
Slippage, 4 orders: −$34.73
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$19.52
Costs to cover: 0.567%
Break-even: 36.0 days

Slippage from ApeX Omni: live order book, 4 min ago; Bitget: live order book, 5 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 ApeX Omni live order book, 4 min ago	6.81 bp	16.3 bp −$16	114.6 bp −$1,146	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	2.27 bp	12.9 bp −$13	22.5 bp −$225	129.6 bp −$13.0K	doesn't fit

ARB on 36 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
Injective ARB/USDC PERP	−0.1649%	1h	0.2196	−0.136%	$40K	$372K	12x	as long as short
OKX ARB-USDT-SWAP	−0.0142%	8h	0.2204	+0.227%	$22.2M	$148.2M	50x	as long as short
MEXC ARB_USDT	−0.0142%	8h	0.2205	+0.273%	$41.0M	$59.5M	200x	as long as short
Variational Omni ARB	−0.0125%	8h	0.2208	+0.395%	$1.8M	$2.9M	—	as long as short
01 Exchange ARBUSD	−0.0112%	1h	0.2204	+0.232%	$7K	$2K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0112%	1h	0.2206	+0.332%	$24K	$34K	25x	as long as short
Gate ARB_USDT	−0.0102%	8h	0.2205	+0.255%	$5.4M	$18.6M	60x	as long as short
Orderly PERP_ARB_USDC	−0.0078%	8h	0.2207	+0.364%	$13K	$388K	10x	as long as short
SoDEX ARB-USD	−0.0057%	1h	0.2207	+0.341%	$10K	$2.3M	5x	as long as short
Bybit ARBUSDT	−0.0048%	8h	0.2204	+0.232%	$55.9M	$125.9M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ARBUSD	−0.0006%	1h	0.2208	+0.425%	$1.1M	$4.4M	50x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2206	+0.318%	$65K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0012%	1h	0.2207	+0.385%	$10K	—	150x	as long as short
Polymarket Perps ARB-USD	+0.0005%	1h	0.2206	+0.327%	$87K	$2.1M	10x	as long as short
Binance ARBUSDT	+0.0014%	8h	0.2206	+0.307%	$64.3M	$306.7M	75x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2203	+0.203%	$351K	$2.5M	25x	as long as short
ApeX Omni ARBUSDTlong	+0.0046%	1h	0.2199	long leg	$119K	$283K	50x
BloFin ARB-USDT	+0.0057%	8h	0.2204	+0.227%	$3.1M	$2.6M	75x	as long as short
Bitget ARBUSDTshort	+0.0068%	8h	0.2205	+0.273%	$21.0M	$34.6M	50x
BingX ARB-USDC	+0.0070%	8h	0.2204	+0.236%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2208	+0.387%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2205	+0.291%	$1.2M	$5.7M	15x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2206	+0.318%	$4.9M	$12.9M	50x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2207	+0.377%	$38.2M	$48.6M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2207	+0.349%	$637K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2206	+0.332%	$43K	$169K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2206	+0.337%	$19.5M	$15.2M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2199	+0.020%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2197	−0.077%	$467K	$3.6M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2209	+0.455%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2207	+0.364%	$300K	$955K	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2211	+0.546%	$495K	$2.0M	50x	as long as short
RISEx ARB/USDC	+0.0225%	1h	0.2205	+0.296%	$482K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2208	+0.395%	$823K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2206	+0.326%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0640%	1h	0.2210	+0.500%	$995K	$2.8M	20x	as long as short