Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0301%/8h= −33.0% APRpaid last 24h −0.026%

Price spread now: Variational Omni against ApeX Omni−0.019%118s7-day average −0.021% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.040%−$4 on $10k

Price spread, last 3 days (all we have)−0.056%−$6 · spread now −0.019%, 7d avg −0.021%

Together, before fees−0.096%+ Points / potential airdropVariational Omni: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate. The two prices were read 118 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.040% in total (about -4.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ARBUSDT	0.2267	0.0100	pay 0.0013% / 1h	17m 43s	$122K	$295K	50x
Short	Variational Omni ARB	0.2267	−0.0201	pay 0.0201% / 8h	7h 17m	$2.0M	$2.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.019%Rate

Funding earned: −$63.26
Price spread: −0.019% → −0.021%: $0.18
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$73.08
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 55 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

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, 55 min ago	11.02 bp	23.3 bp −$23	110.3 bp −$1,103	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	4.39 bp	doesn't fit	13.2 bp −$132	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	−0.1666%	1h	0.2269	+0.088%	$41K	$372K	12x	as long as short
Variational Omni ARBshort	−0.0201%	8h	0.2267	−0.019%	$2.0M	$2.8M	—
01 Exchange ARBUSD	−0.0152%	1h	0.2261	−0.243%	$7K	$2K	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0137%	1h	0.2265	−0.099%	$1.2M	$4.9M	50x	as long as short
Bybit ARBUSDT	−0.0110%	8h	0.2262	−0.229%	$58.9M	$126.9M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0110%	8h	0.2264	−0.132%	$23.0M	$157.9M	50x	as long as short
MEXC ARB_USDT	−0.0110%	8h	0.2261	−0.251%	$38.8M	$59.3M	200x	as long as short
SoDEX ARB-USD	−0.0063%	1h	0.2261	−0.269%	$4K	$2.5M	5x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0059%	1h	0.2261	−0.243%	$25K	$34K	25x	as long as short
Orderly PERP_ARB_USDC	−0.0048%	8h	0.2260	−0.309%	$13K	$386K	10x	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	0.2262	−0.221%	$67K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2261	−0.270%	$33K	—	150x	as long as short
Binance ARBUSDT	+0.0014%	8h	0.2262	−0.232%	$66.8M	$310.8M	75x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2261	−0.272%	$362K	$2.5M	25x	as long as short
BloFin ARB-USDT	+0.0044%	8h	0.2270	+0.146%	$3.1M	$2.9M	75x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2263	−0.154%	$144K	$7K	3x	as long as short
BingX ARB-USDT	+0.0088%	8h	0.2264	−0.146%	—	$54.3M	—	as long as short
Bitget ARBUSDT	+0.0090%	8h	0.2264	−0.132%	$21.7M	$35.8M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2264	−0.137%	$1.4M	$7.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2265	−0.071%	$41.0M	$47.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2261	−0.244%	$703K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2262	−0.241%	$45K	$184K	10x	as long as short
Gate ARB_USDT	+0.0100%	8h	0.2264	−0.124%	$5.5M	$19.9M	60x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2264	−0.119%	$19.7M	$15.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2269	+0.094%	$41K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2268	+0.047%	$483K	$3.5M	10x	as long as short
ApeX Omni ARBUSDTlong	+0.0100%	1h	0.2267	long leg	$122K	$295K	50x
Polymarket Perps ARB-USD	+0.0100%	1h	0.2260	−0.291%	$65K	$2.0M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2262	−0.221%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2259	−0.362%	$294K	$980K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2263	−0.176%	$5.2M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0232%	1h	0.2266	−0.044%	$521K	$2.3M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0288% / S −0.0175%	1h	0.2261	−0.260%	$895K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2259	−0.348%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0384%	1h	0.2265	−0.093%	$517K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0585%	1h	0.2268	+0.040%	$1.0M	$2.8M	20x	as long as short