Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.022%

Price spread now: ApeX Omni against Aster−0.349%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$157as in the Price arb table

costs, in and out, $10k−$1211.214% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.737%+$74 · spread now −0.349%, 7d avg +0.002%

Together, before fees+0.741%+ Points / potential airdropAster: Stage 5 · farm board+$74 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 0.351% cheaper against Aster than usual: you would sell low and buy high, −$35 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ARUSDT	4.5569	0.0100	pay 0.0100% / 8h	6h 01m	$19K	$500K	10x
Short	ApeX Omni ARUSDT	4.5410	0.0100	get 0.0013% / 1h	1m 07s	$20K	$749K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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 AsterbpFee ApeX OmnibpOrdersPrice spread, now −0.349%Rate

Funding earned: $0
Price spread: −0.349% → +0.002%: −$35.09
Slippage, 4 orders: −$103.42
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$156.51
Costs to cover: 1.214%
Break-even: never at this rate

Slippage from Aster: live order book, 66 min ago; ApeX Omni: live order book, 68 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 Aster live order book, 66 min ago	9.75 bp	35.6 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 68 min ago	7.57 bp	17.2 bp −$17	127.0 bp −$1,270	doesn't fit	doesn't fit

AR on 16 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	−0.1681%	1h	4.5585	+0.034%	$56K	$149K	20x	as long as short
Injective AR/USDC PERP	−0.0353%	1h	4.6110	+1.187%	$2K	$2K	5.5x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.5547	−0.049%	$585K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0097%	8h	4.5510	−0.130%	$2.3M	$19.3M	20x	as long as short
MEXC AR_USDT	+0.0079%	8h	4.5510	−0.130%	$6.5M	$4.3M	100x	as long as short
Extended AR-USD	+0.0080%	1h	4.5528	−0.090%	$37K	$240K	10x	as long as short
Binance ARUSDT	+0.0082%	8h	4.5540	−0.064%	$9.1M	$52.3M	75x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5609	+0.088%	$4.1M	$4.6M	5x	as long as short
Aster ARUSDTlong	+0.0100%	8h	4.5569	long leg	$19K	$500K	10x
Bybit ARUSDT	+0.0100%	8h	4.5539	−0.066%	$4.7M	$8.5M	75x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AR_USDT	+0.0100%	8h	4.5560	−0.020%	$2.5M	$2.2M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5500	−0.152%	$1.2M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.5520	−0.108%	$3.9M	$5.4M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5520	−0.108%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5507	−0.136%	$236K	$261K	—	as long as short
ApeX Omni ARUSDTshort	+0.0100%	1h	4.5410	−0.349%	$20K	$749K	50x