Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0017%/8h= +1.9% APRpaid last 24h +0.020%

Price spread now: BloFin against ApeX Omni−0.260%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$660.657% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 3 days (all we have)+0.612%+$61 · spread now −0.260%, 7d avg +0.002%

Together, before fees+0.662%+$66 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.262% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.260% now, against its 7-day average of +0.002%). If the spread goes back, that is −$26 on $10k: about 51 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ARBUSDT	0.2266	0.0100	pay 0.0013% / 1h	0m 11s	$122K	$295K	50x
Short	BloFin ARB-USDT	0.2260	0.0117	get 0.0117% / 8h	0m 11s	$3.1M	$2.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.260%Rate

Funding earned: $3.57
Price spread: −0.260% → +0.002%: −$26.22
Slippage, 4 orders: −$43.71
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$88.35
Costs to cover: 0.657%
Break-even: 180.1 days

Slippage from ApeX Omni: live order book, 12 min ago; BloFin: live order book, 8 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, 12 min ago	11.02 bp	23.3 bp −$23	110.3 bp −$1,103	doesn't fit	doesn't fit
Sell BloFin live order book, 8 min ago	1.99 bp	11.4 bp −$11	20.1 bp −$201	doesn't fit	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	−0.1785%	1h	0.2253	−0.574%	$41K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0213%	1h	0.2258	−0.335%	$66K	$2.0M	10x	as long as short
01 Exchange ARBUSD	−0.0208%	1h	0.2258	−0.344%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0201%	8h	0.2259	−0.316%	$2.0M	$2.8M	—	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0193%	1h	0.2258	−0.353%	$25K	$34K	25x	as long as short
SoDEX ARB-USD	−0.0191%	1h	0.2257	−0.393%	$4K	$2.6M	5x	as long as short
Bybit ARBUSDT	−0.0185%	8h	0.2256	−0.441%	$58.2M	$128.0M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0116%	8h	0.2257	−0.406%	$22.8M	$158.6M	50x	as long as short
MEXC ARB_USDT	−0.0114%	8h	0.2258	−0.371%	$38.3M	$60.2M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0043%	8h	0.2258	−0.353%	$13K	$394K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ARB_USDT	−0.0019%	8h	0.2258	−0.340%	$5.4M	$20.3M	60x	as long as short
Binance ARBUSDT	−0.0003%	8h	0.2257	−0.408%	$66.5M	$313.2M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2262	−0.191%	$67K	$4K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2256	−0.436%	$359K	$2.3M	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2259	−0.309%	$56K	—	150x	as long as short
Bitget ARBUSDT	+0.0049%	8h	0.2257	−0.397%	$21.3M	$36.1M	50x	as long as short
BingX ARB-USDC	+0.0052%	8h	0.2257	−0.388%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2259	−0.327%	$148K	$12K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2259	−0.309%	$1.4M	$7.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2261	−0.225%	$41.0M	$47.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2260	−0.254%	$702K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2262	−0.181%	$47K	$183K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2259	−0.322%	$19.7M	$16.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2264	−0.072%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2262	−0.175%	$482K	$3.6M	10x	as long as short
ApeX Omni ARBUSDTlong	+0.0100%	1h	0.2266	long leg	$122K	$295K	50x
SunX ARB-USDT	+0.0100%	8h	0.2260	−0.265%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2257	−0.380%	$290K	$1.0M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2258	−0.353%	$5.2M	$13.0M	50x	as long as short
BloFin ARB-USDTshort	+0.0117%	8h	0.2260	−0.260%	$3.1M	$2.8M	75x
Coinbase International ARB-PERP-INTX	+0.0216%	1h	0.2266	0.000%	$511K	$2.3M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0237%	1h	0.2259	−0.300%	$1.1M	$4.9M	50x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2257	−0.376%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0297% / S −0.0186%	1h	0.2259	−0.316%	$925K	—	150x	as long as short
RISEx ARB/USDC	+0.0330%	1h	0.2262	−0.177%	$513K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0460%	1h	0.2265	−0.066%	$1.0M	$2.8M	20x	as long as short