Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0216%/8h= −23.7% APRpaid last 24h −0.044%

Price spread now: MEXC against ApeX Omni−0.059%111s7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as 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−$350.345% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.204%−$20 on $10k

Price spread, last 4 days (all we have)−0.074%−$7 · spread now −0.059%, 7d avg −0.046%

Together, before fees−0.277%−$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.046%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. 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	ApeX Omni ARBUSDT	0.2201	0.0100	pay 0.0013% / 1h	55m 39s	$119K	$284K	50x
Short	MEXC ARB_USDT	0.2200	−0.0116	pay 0.0116% / 8h	3h 55m	$42.5M	$60.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.059%Rate

Funding earned: −$45.36
Price spread: −0.059% → −0.046%: −$1.27
Slippage, 4 orders: −$24.51
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$81.14
Costs to cover: 0.345%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 62 min ago; MEXC: live order book, 3 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, 62 min ago	6.81 bp	16.3 bp −$16	114.6 bp −$1,146	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.23 bp	1.5 bp −$1	9.8 bp −$98	40.4 bp −$4,040	75.5 bp −$37.7K

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	−0.1589%	1h	0.2193	−0.363%	$40K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0301%	1h	0.2199	−0.100%	$86K	$2.1M	10x	as long as short
OKX ARB-USDT-SWAP	−0.0116%	8h	0.2200	−0.068%	$22.2M	$144.2M	50x	as long as short
MEXC ARB_USDTshort	−0.0116%	8h	0.2200	−0.059%	$42.5M	$60.0M	200x
01 Exchange ARBUSD	−0.0104%	1h	0.2200	−0.023%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0097%	8h	0.2199	−0.092%	$1.8M	$2.9M	—	as long as short
Orderly PERP_ARB_USDC	−0.0073%	8h	0.2199	−0.091%	$12K	$403K	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0050%	1h	0.2200	−0.047%	$1.1M	$4.4M	50x	as long as short
SoDEX ARB-USD	−0.0045%	1h	0.2200	−0.068%	$10K	$2.2M	5x	as long as short
Bybit ARBUSDT	−0.0040%	8h	0.2199	−0.077%	$55.3M	$124.2M	50x	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	−0.0034%	8h	0.2198	−0.123%	$5.3M	$18.0M	60x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2199	−0.095%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2201	0.000%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2201	+0.008%	$32K	—	150x	as long as short
Binance ARBUSDT	+0.0021%	8h	0.2200	−0.055%	$63.9M	$300.3M	75x	as long as short
Extended ARB-USD	+0.0024%	1h	0.2197	−0.180%	$350K	$2.5M	25x	as long as short
Bitget ARBUSDT	+0.0060%	8h	0.2197	−0.182%	$20.9M	$34.1M	50x	as long as short
BingX ARB-USDC	+0.0061%	8h	0.2200	−0.059%	—	$6.5M	—	as long as short
BloFin ARB-USDT	+0.0086%	8h	0.2199	−0.095%	$3.1M	$2.5M	75x	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2201	+0.014%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2199	−0.073%	$1.2M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2199	−0.086%	$37.7M	$48.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2200	−0.055%	$633K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2199	−0.072%	$42K	$163K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2198	−0.114%	$19.5M	$14.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2201	−0.014%	$38K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2201	0.000%	$467K	$3.6M	10x	as long as short
ApeX Omni ARBUSDTlong	+0.0100%	1h	0.2201	long leg	$119K	$284K	50x
SunX ARB-USDT	+0.0100%	8h	0.2202	+0.045%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2200	−0.068%	$299K	$900K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2201	0.000%	$5.0M	$12.9M	50x	as long as short
RISEx ARB/USDC	+0.0118%	1h	0.2200	−0.050%	$482K	$2.6M	10x	as long as short
Coinbase International ARB-PERP-INTX	+0.0256%	1h	0.2200	−0.068%	$491K	$1.7M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2201	−0.001%	$830K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2198	−0.115%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0555%	1h	0.2202	+0.064%	$992K	$2.8M	20x	as long as short