Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Bybit against ApeX Omni+0.132%109s7-day average −0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as 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−$840.837% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 4 days (all we have)−0.630%−$63 · spread now +0.132%, 7d avg −0.079%

Together, before fees−0.707%−$71 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: Bybit is 0.211% dearer against ApeX Omni than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.079%. The two prices were read 109 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 ARUSDT	4.3050	0.0100	pay 0.0013% / 1h	37m 34s	$20K	$708K	50x
Short	Bybit ARUSDT	4.3107	0.0100	get 0.0100% / 8h	7h 37m	$4.5M	$8.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.132%Rate

Funding earned: $0
Price spread: +0.132% → −0.079%: $21.09
Slippage, 4 orders: −$62.66
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$62.57
Costs to cover: 0.837%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 61 min ago; Bybit: live order book, 5 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, 61 min ago	7.04 bp	15.2 bp −$15	125.4 bp −$1,254	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.16 bp	27.0 bp −$27	99.2 bp −$992	doesn't fit	doesn't fit

AR on 17 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
Kraken Futures PF_ARUSD	−0.1003%	1h	4.3019	−0.073%	$53K	$134K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.3157	+0.249%	$556K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+2.764%	$2K	$5K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.3174	+0.288%	$3.9M	$4.4M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.3105	+0.128%	$32K	$255K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.3068	+0.043%	$8.5M	$44.3M	75x	as long as short
Bybit ARUSDTshort	+0.0100%	8h	4.3107	+0.132%	$4.5M	$8.3M	75x
OKX AR-USDT-SWAP	+0.0100%	8h	4.3030	−0.046%	$2.2M	$14.3M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.3060	+0.023%	$2.0M	$3.1M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.3080	+0.070%	$6.1M	$3.7M	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ARUSDTM	+0.0100%	8h	4.3080	+0.070%	$1.1M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.3040	−0.023%	$3.7M	$4.9M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.3090	+0.093%	—	$2.7M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.3038	−0.028%	$247K	$513K	—	as long as short
ApeX Omni ARUSDTlong	+0.0100%	1h	4.3050	long leg	$20K	$708K	50x
Extended AR-USD	+0.0104%	1h	4.3057	+0.016%	$36K	$244K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.3010	−0.093%	$415K	$440K	20x	as long as short