Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0134%/8h= −14.7% APRpaid last 24h −0.027%

Price spread now: Bybit against ApeX Omni+0.296%7-day average −0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$550.546% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 4 days (all we have)−0.438%−$44 · spread now +0.296%, 7d avg −0.070%

Together, before fees−0.557%−$56 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.366% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.296% now, against its 7-day average of −0.070%): +$37 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 9.1 days. At the pace of the last 7 days (−0.119% in total) that is about 21 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ARBUSDT	0.2194	0.0100	pay 0.0013% / 1h	3m 32s	$118K	$284K	50x
Short	Bybit ARBUSDT	0.2200	−0.0034	pay 0.0034% / 8h	4h 03m	$55.4M	$125.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.296%Rate

Funding earned: −$28.24
Price spread: +0.296% → −0.070%: $36.59
Slippage, 4 orders: −$33.58
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$46.22
Costs to cover: 0.546%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 54 min ago; Bybit: live order book, 6 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, 54 min ago	6.81 bp	16.3 bp −$16	114.6 bp −$1,146	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	0.23 bp	12.9 bp −$13	23.6 bp −$236	46.9 bp −$4,685	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	0.2186	−0.365%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0168%	1h	0.2201	+0.337%	$7K	$2K	10x	as long as short
Polymarket Perps ARB-USD	−0.0157%	1h	0.2198	+0.164%	$86K	$2.1M	10x	as long as short
OKX ARB-USDT-SWAP	−0.0117%	8h	0.2201	+0.324%	$22.2M	$145.1M	50x	as long as short
MEXC ARB_USDT	−0.0116%	8h	0.2200	+0.283%	$41.6M	$60.9M	200x	as long as short
Variational Omni ARB	−0.0096%	8h	0.2192	−0.111%	$1.8M	$2.9M	—	as long as short
Orderly PERP_ARB_USDC	−0.0074%	8h	0.2198	+0.182%	$12K	$400K	10x	as long as short
Gate ARB_USDT	−0.0046%	8h	0.2201	+0.324%	$5.3M	$18.8M	60x	as long as short
Bybit ARBUSDTshort	−0.0034%	8h	0.2200	+0.296%	$55.4M	$125.1M	50x
Kraken Futures PF_ARBUSD	−0.0006%	1h	0.2200	+0.256%	$1.1M	$4.4M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2201	+0.300%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2199	+0.232%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2199	+0.212%	$32K	—	150x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2200	+0.261%	$348K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0018%	8h	0.2201	+0.341%	$64.0M	$301.9M	75x	as long as short
SoDEX ARB-USD	+0.0030%	1h	0.2198	+0.187%	$10K	$2.3M	5x	as long as short
Bitget ARBUSDT	+0.0061%	8h	0.2200	+0.273%	$20.9M	$34.2M	50x	as long as short
BingX ARB-USDC	+0.0063%	8h	0.2199	+0.210%	—	$6.5M	—	as long as short
BloFin ARB-USDT	+0.0081%	8h	0.2195	+0.059%	$3.1M	$2.6M	75x	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2199	+0.242%	$139K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2200	+0.292%	$1.2M	$5.8M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2201	+0.328%	$37.7M	$48.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2201	+0.330%	$634K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2200	+0.294%	$42K	$168K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2201	+0.328%	$19.5M	$14.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2195	+0.027%	$38K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2195	+0.046%	$466K	$3.6M	10x	as long as short
ApeX Omni ARBUSDTlong	+0.0100%	1h	0.2194	long leg	$118K	$284K	50x
SunX ARB-USDT	+0.0100%	8h	0.2201	+0.319%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2198	+0.201%	$298K	$909K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2199	+0.228%	$5.0M	$12.9M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2201	+0.319%	$489K	$1.9M	50x	as long as short
RISEx ARB/USDC	+0.0225%	1h	0.2202	+0.361%	$476K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2199	+0.222%	$829K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2197	+0.155%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0608%	1h	0.2203	+0.392%	$992K	$2.8M	20x	as long as short