Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.017%

Price spread now: MEXC against ApeX Omni−0.400%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$400.404% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 4 days (all we have)+0.408%+$41 · spread now −0.400%, 7d avg +0.010%

Together, before fees+0.378%+$38 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: MEXC is 0.411% cheaper against ApeX Omni than usual: you would sell low and buy high, −$41 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ARUSDT	4.2450	0.0100	pay 0.0013% / 1h	1m 12s	$20K	$717K	50x
Short	MEXC AR_USDT	4.2280	0.0100	get 0.0100% / 8h	2h 01m	$5.9M	$4.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.400%Rate

Funding earned: $0
Price spread: −0.400% → +0.010%: −$41.08
Slippage, 4 orders: −$26.4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$81.48
Costs to cover: 0.404%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 48 min ago; MEXC: live order book, 1 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, 48 min ago	9.14 bp	17.3 bp −$17	126.4 bp −$1,264	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.18 bp	3.2 bp −$3	19.2 bp −$192	214.5 bp −$21.4K	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	−0.0914%	1h	4.2165	−0.671%	$52K	$185K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.2303	−0.346%	$543K	—	50x	as long as short
Hyperliquid AR	+0.0100%	1h	4.2324	−0.297%	$3.4M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.2315	−0.317%	$42K	$461K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.2279	−0.403%	$8.4M	$52.9M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.2280	−0.400%	$4.2M	$9.5M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.2280	−0.400%	$2.2M	$17.3M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.2220	−0.542%	$2.0M	$3.5M	50x	as long as short
MEXC AR_USDTshort	+0.0100%	8h	4.2280	−0.400%	$5.9M	$4.4M	100x
KuCoin ARUSDTM	+0.0100%	8h	4.2250	−0.471%	$1.1M	$1.3M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ARUSDT	+0.0100%	8h	4.2250	−0.471%	$3.7M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.2270	−0.424%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.2388	−0.147%	$240K	$629K	—	as long as short
ApeX Omni ARUSDTlong	+0.0100%	1h	4.2450	long leg	$20K	$717K	50x
Extended AR-USD	+0.0104%	1h	4.2260	−0.448%	$35K	$247K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.2310	−0.330%	$409K	$458K	20x	as long as short
Injective AR/USDC PERP	+0.0666%	1h	4.4240	+4.217%	$2K	$5K	5.5x	as long as short