Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h +0.024%

Price spread now: ApeX Omni against Bybit−0.090%7-day average +0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$650.651% of the position

Long on Bybit Short on ApeX Omni

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)+0.562%+$56 · spread now −0.090%, 7d avg +0.075%

Together, before fees+0.681%+$68 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: ApeX Omni is 0.165% cheaper against Bybit than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARBUSDT	0.2213	−0.0072	get 0.0072% / 8h	6h 27m	$56.7M	$129.0M	50x
Short	ApeX Omni ARBUSDT	0.2211	−0.0069	pay 0.0009% / 1h	27m 14s	$119K	$293K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now −0.090%Rate

Funding earned: $0.63
Price spread: −0.090% → +0.075%: −$16.53
Slippage, 4 orders: −$44.12
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$81.03
Costs to cover: 0.651%
Break-even: 907.3 days

Slippage from Bybit: live order book, 2 min ago; ApeX Omni: live order book, 40 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 Bybit live order book, 2 min ago	0.23 bp	10.0 bp −$10	20.3 bp −$203	51.5 bp −$5,148	doesn't fit
Sell ApeX Omni live order book, 40 min ago	11.05 bp	21.9 bp −$22	119.7 bp −$1,197	doesn't fit	doesn't fit

ARB on 35 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	−0.1692%	1h	0.2203	−0.452%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0248%	1h	0.2212	−0.045%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0224%	1h	0.2212	−0.045%	$10K	$2.5M	5x	as long as short
Variational Omni ARB	−0.0172%	8h	0.2211	−0.095%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAP	−0.0117%	8h	0.2213	−0.009%	$22.3M	$156.7M	50x	as long as short
MEXC ARB_USDT	−0.0114%	8h	0.2212	−0.059%	$40.0M	$59.7M	200x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0112%	1h	0.2212	−0.036%	$24K	$34K	25x	as long as short
Gate ARB_USDT	−0.0073%	8h	0.2212	−0.036%	$5.4M	$19.8M	60x	as long as short
Bybit ARBUSDTlong	−0.0072%	8h	0.2213	long leg	$56.7M	$129.0M	50x
ApeX Omni ARBUSDTshort	−0.0069%	1h	0.2211	−0.090%	$119K	$293K	50x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	−0.0060%	8h	0.2212	−0.045%	$13K	$382K	10x	as long as short
Binance ARBUSDT	−0.0002%	8h	0.2212	−0.028%	$64.5M	$318.2M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2214	+0.060%	$66K	$5K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2211	−0.082%	$353K	$2.5M	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2213	+0.005%	$10K	—	150x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2213	0.000%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2212	−0.059%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2213	0.000%	$38.4M	$51.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2212	−0.041%	$659K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2215	+0.081%	$42K	$186K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2213	0.000%	$19.6M	$15.8M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2211	−0.090%	$21.2M	$36.3M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	0.2212	−0.050%	—	$54.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2211	−0.111%	$40K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2212	−0.034%	$471K	$3.7M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2213	−0.018%	$76K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2211	−0.090%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2212	−0.041%	$297K	$1.0M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2212	−0.045%	$5.0M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2215	+0.090%	$507K	$2.1M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2213	−0.005%	$826K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2211	−0.078%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0312%	1h	0.2213	+0.006%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2214	+0.032%	$473K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0520%	1h	0.2216	+0.117%	$998K	$2.9M	20x	as long as short