Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0078%/8h= −8.5% APRpaid last 24h −0.001%

Price spread now: ApeX Omni against edgeX+0.061%7-day average +0.014% · 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−$74as in the Price arb table

costs, in and out, $10k−$780.785% of the position

Long on edgeX Short on ApeX Omni

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)+0.275%+$28 · spread now +0.061%, 7d avg +0.014%

Together, before fees+0.262%+ Points / potential airdropedgeX: Active · farm board+$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.047% dearer against edgeX than usual: you sell high and buy low (spread +0.061% now, against its 7-day average of +0.014%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 48 hours. At the pace of the last 7 days (−0.013% in total) that is about 25 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ARBUSDC	0.2222	0.0100	pay 0.0050% / 4h	1h 40m	$40K	$460K	20x
Short	ApeX Omni ARBUSDT	0.2223	0.0022	get 0.0003% / 1h	40m 42s	$120K	$283K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against edgeX. 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 edgeXbpFee ApeX OmnibpOrdersPrice spread, now +0.061%Rate

Funding earned: −$16.3
Price spread: +0.061% → +0.014%: $4.66
Slippage, 4 orders: −$59.48
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$90.12
Costs to cover: 0.785%
Break-even: never at this rate

Slippage from edgeX: live order book, 23 min ago; ApeX Omni: live order book, 22 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 edgeX live order book, 23 min ago	13.48 bp	20.1 bp −$20	71.6 bp −$716	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 22 min ago	9.00 bp	19.1 bp −$19	108.0 bp −$1,080	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	−0.1577%	1h	0.2205	−0.749%	$40K	$372K	12x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0246%	1h	0.2215	−0.286%	$24K	$34K	25x	as long as short
Variational Omni ARB	−0.0150%	8h	0.2215	−0.308%	$1.9M	$2.9M	—	as long as short
SoDEX ARB-USD	−0.0136%	1h	0.2215	−0.322%	$10K	$2.4M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0133%	8h	0.2215	−0.290%	$22.2M	$151.6M	50x	as long as short
MEXC ARB_USDT	−0.0133%	8h	0.2215	−0.299%	$38.3M	$59.1M	200x	as long as short
01 Exchange ARBUSD	−0.0128%	1h	0.2215	−0.304%	$7K	$2K	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0098%	1h	0.2216	−0.242%	$1.1M	$4.6M	50x	as long as short
Bybit ARBUSDT	−0.0088%	8h	0.2215	−0.290%	$56.3M	$126.4M	50x	as long as short
Gate ARB_USDT	−0.0085%	8h	0.2215	−0.281%	$5.4M	$19.0M	60x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps ARB-USD	−0.0083%	1h	0.2215	−0.286%	$96K	$2.1M	10x	as long as short
Orderly PERP_ARB_USDC	−0.0072%	8h	0.2216	−0.254%	$12K	$384K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2216	−0.273%	$66K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0013%	1h	0.2217	−0.209%	$11K	—	150x	as long as short
Binance ARBUSDT	+0.0005%	8h	0.2214	−0.344%	$64.5M	$308.7M	75x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2214	−0.345%	$353K	$2.5M	25x	as long as short
ApeX Omni ARBUSDTshort	+0.0022%	1h	0.2223	+0.061%	$120K	$283K	50x
BloFin ARB-USDT	+0.0022%	8h	0.2214	−0.353%	$3.1M	$2.7M	75x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2216	−0.236%	$141K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2214	−0.344%	$1.2M	$6.4M	15x	as long as short
Bitget ARBUSDT	+0.0098%	8h	0.2214	−0.344%	$21.2M	$35.0M	50x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2215	−0.286%	$38.4M	$49.9M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2216	−0.270%	$657K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2214	−0.345%	$42K	$179K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2215	−0.277%	$19.6M	$15.5M	75x	as long as short
BingX ARB-USDT	+0.0100%	8h	0.2215	−0.308%	—	$54.0M	—	as long as short
edgeX ARBUSDClong	+0.0100%	4h	0.2222	long leg	$40K	$460K	20x
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2221	−0.012%	$477K	$3.6M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2218	−0.164%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2216	−0.241%	$297K	$946K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2215	−0.299%	$5.0M	$12.9M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2224	+0.110%	$508K	$2.1M	50x	as long as short
RISEx ARB/USDC	+0.0232%	1h	0.2216	−0.243%	$488K	$2.7M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2217	−0.208%	$827K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2215	−0.316%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0554%	1h	0.2217	−0.196%	$999K	$2.8M	20x	as long as short