Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: KuCoin against ApeX Omni+0.580%67s7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as 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−$810.811% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 4 days (all we have)−1.039%−$104 · spread now +0.580%, 7d avg −0.011%

Together, before fees−1.026%−$103 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: KuCoin is 0.591% dearer against ApeX Omni than usual: you sell high and buy low, +$59 on $10k if it goes back to its 7-day average of −0.011%. The two prices were read 67 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	0.2188	0.0100	pay 0.0013% / 1h	48m 20s	$118K	$267K	50x
Short	KuCoin ARBUSDTM	0.2201	0.0100	get 0.0100% / 8h	7h 48m	$19.6M	$13.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.580%Rate

Funding earned: $0
Price spread: +0.580% → −0.011%: $59.13
Slippage, 4 orders: −$59.13
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$21.99
Costs to cover: 0.811%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 49 min ago; KuCoin: live order book, 10 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, 49 min ago	9.16 bp	17.9 bp −$18	108.6 bp −$1,086	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	0.91 bp	13.8 bp −$14	36.6 bp −$366	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	−0.1605%	1h	0.2183	−0.229%	$39K	$372K	12x	as long as short
Phemex ARBUSDT	−0.0183%	8h	0.2197	+0.411%	$4.8M	$12.8M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0168%	1h	0.2198	+0.455%	$1.1M	$4.3M	50x	as long as short
SoDEX ARB-USD	−0.0111%	1h	0.2200	+0.526%	$9K	$2.2M	5x	as long as short
MEXC ARB_USDT	−0.0074%	8h	0.2201	+0.585%	$42.9M	$62.6M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0074%	8h	0.2200	+0.562%	$22.3M	$146.2M	50x	as long as short
Gate ARB_USDT	−0.0058%	8h	0.2200	+0.571%	$5.4M	$18.1M	60x	as long as short
01 Exchange ARBUSD	−0.0048%	1h	0.2200	+0.548%	$7K	$236	10x	as long as short
Orderly PERP_ARB_USDC	−0.0042%	8h	0.2200	+0.548%	$16K	$414K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2197	+0.422%	$65K	$4K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2201	+0.576%	$28K	$38K	25x	as long as short
Binance ARBUSDT	+0.0004%	8h	0.2200	+0.547%	$63.5M	$299.1M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2201	+0.572%	$74K	—	150x	as long as short
BloFin ARB-USDT	+0.0006%	8h	0.2197	+0.420%	$3.0M	$2.3M	75x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2200	+0.528%	$364K	$3.1M	25x	as long as short
Variational Omni ARB	+0.0029%	8h	0.2190	+0.082%	$1.8M	$3.0M	—	as long as short
Bitget ARBUSDT	+0.0079%	8h	0.2200	+0.548%	$21.2M	$34.6M	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2201	+0.595%	$140K	$7K	3x	as long as short
BingX ARB-USDC	+0.0085%	8h	0.2198	+0.480%	—	$6.5M	—	as long as short
Lighter ARB	+0.0096%	1h	0.2197	+0.430%	$1.3M	$5.5M	15x	as long as short
Bybit ARBUSDT	+0.0097%	8h	0.2200	+0.571%	$53.6M	$125.9M	50x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2201	+0.594%	$36.8M	$49.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2199	+0.525%	$630K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2198	+0.445%	$43K	$146K	10x	as long as short
KuCoin ARBUSDTMshort	+0.0100%	8h	0.2201	+0.580%	$19.6M	$13.8M	75x
edgeX ARBUSDC	+0.0100%	4h	0.2188	−0.002%	$40K	$465K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2189	+0.046%	$470K	$3.6M	10x	as long as short
ApeX Omni ARBUSDTlong	+0.0100%	1h	0.2188	long leg	$118K	$267K	50x
Polymarket Perps ARB-USD	+0.0100%	1h	0.2200	+0.548%	$74K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2203	+0.686%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2198	+0.480%	$295K	$836K	50x	as long as short
RISEx ARB/USDC	+0.0123%	1h	0.2199	+0.510%	$517K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0183%	1h	0.2201	+0.599%	$984K	$2.8M	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0159%	1h	0.2201	+0.594%	$831K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2199	+0.504%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0336%	1h	0.2197	+0.411%	$524K	$1.5M	50x	as long as short