Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: ApeX Omni against SunX−0.363%73s7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$191as 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−$1891.893% of the position

Long on SunX 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)−1.013%−$101 · spread now −0.363%, 7d avg −0.067%

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: ApeX Omni is 0.296% cheaper against SunX than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of −0.067%. The two prices were read 73 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	SunX ARB-USDT	0.2202	0.0100	pay 0.0100% / 8h	4h 02m	$2K	$1.1M	30x
Short	ApeX Omni ARBUSDT	0.2194	0.0100	get 0.0013% / 1h	2m 20s	$118K	$284K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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 SunXbpFee ApeX OmnibpOrdersPrice spread, now −0.363%Rate

Funding earned: $0
Price spread: −0.363% → −0.067%: −$29.6
Slippage, 4 orders: −$171.31
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$218.92
Costs to cover: 1.893%
Break-even: never at this rate

Slippage from SunX: live order book, 1 min ago; ApeX Omni: live order book, 55 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 SunX live order book, 1 min ago	31.77 bp	64.1 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 55 min ago	6.81 bp	15.5 bp −$15	108.8 bp −$1,088	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	−0.1649%	1h	0.2189	−0.590%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0168%	1h	0.2199	−0.123%	$7K	$2K	10x	as long as short
Polymarket Perps ARB-USD	−0.0153%	1h	0.2199	−0.136%	$86K	$2.1M	10x	as long as short
MEXC ARB_USDT	−0.0115%	8h	0.2199	−0.127%	$41.5M	$60.9M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0114%	8h	0.2200	−0.095%	$22.2M	$144.9M	50x	as long as short
Variational Omni ARB	−0.0096%	8h	0.2192	−0.474%	$1.8M	$2.9M	—	as long as short
Orderly PERP_ARB_USDC	−0.0074%	8h	0.2199	−0.136%	$12K	$400K	10x	as long as short
Gate ARB_USDT	−0.0045%	8h	0.2200	−0.104%	$5.3M	$18.9M	60x	as long as short
Bybit ARBUSDT	−0.0034%	8h	0.2199	−0.150%	$55.4M	$124.7M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0006%	1h	0.2201	−0.061%	$1.1M	$4.4M	50x	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	0.2200	−0.069%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2201	−0.041%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2201	−0.045%	$32K	—	150x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2199	−0.133%	$348K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0018%	8h	0.2200	−0.077%	$64.0M	$301.6M	75x	as long as short
SoDEX ARB-USD	+0.0029%	1h	0.2200	−0.077%	$10K	$2.2M	5x	as long as short
Bitget ARBUSDT	+0.0061%	8h	0.2199	−0.136%	$20.9M	$34.2M	50x	as long as short
BingX ARB-USDC	+0.0063%	8h	0.2198	−0.191%	—	$6.5M	—	as long as short
BloFin ARB-USDT	+0.0071%	8h	0.2201	−0.041%	$3.1M	$2.6M	75x	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2201	−0.065%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2198	−0.177%	$1.2M	$5.8M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2201	−0.050%	$37.7M	$48.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2200	−0.091%	$633K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2200	−0.086%	$42K	$168K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2199	−0.127%	$19.5M	$14.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2195	−0.337%	$38K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2195	−0.318%	$466K	$3.6M	10x	as long as short
ApeX Omni ARBUSDTshort	+0.0100%	1h	0.2194	−0.363%	$118K	$284K	50x
SunX ARB-USDTlong	+0.0100%	8h	0.2202	long leg	$2K	$1.1M	30x
HTX ARB-USDT	+0.0100%	8h	0.2202	−0.005%	$299K	$909K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2202	0.000%	$5.0M	$12.9M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2205	+0.132%	$491K	$1.9M	50x	as long as short
RISEx ARB/USDC	+0.0225%	1h	0.2200	−0.098%	$476K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2201	−0.064%	$830K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2198	−0.159%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0611%	1h	0.2205	+0.127%	$993K	$2.8M	20x	as long as short