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 −0.005%

Price spread now: ApeX Omni against Bitget−0.132%7-day average +0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$740.738% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 4 days (all we have)+0.923%+$92 · spread now −0.132%, 7d avg +0.079%

Together, before fees+0.864%+$86 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 0.211% cheaper against Bitget than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ARUSDT	4.5470	0.0100	pay 0.0100% / 8h	6h 01m	$3.9M	$5.4M	75x
Short	ApeX Omni ARUSDT	4.5410	0.0100	get 0.0013% / 1h	1m 24s	$20K	$749K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now −0.132%Rate

Funding earned: $0
Price spread: −0.132% → +0.079%: −$21.07
Slippage, 4 orders: −$51.79
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$94.86
Costs to cover: 0.738%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; ApeX Omni: live order book, 67 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 Bitget live order book, 2 min ago	4.41 bp	21.9 bp −$22	62.8 bp −$628	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 67 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	−0.1677%	1h	4.5694	+0.493%	$56K	$149K	20x	as long as short
Injective AR/USDC PERP	−0.0353%	1h	4.6110	+1.408%	$2K	$2K	5.5x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.5441	−0.063%	$584K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0097%	8h	4.5470	0.000%	$2.3M	$19.2M	20x	as long as short
MEXC AR_USDT	+0.0079%	8h	4.5530	+0.132%	$6.5M	$4.3M	100x	as long as short
Extended AR-USD	+0.0080%	1h	4.5534	+0.140%	$37K	$240K	10x	as long as short
Binance ARUSDT	+0.0082%	8h	4.5540	+0.154%	$9.1M	$52.3M	75x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5593	+0.271%	$4.1M	$4.6M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5571	+0.222%	$19K	$500K	10x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5522	+0.114%	$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	4.5520	+0.110%	$2.5M	$2.2M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5490	+0.044%	$1.2M	$1.2M	50x	as long as short
Bitget ARUSDTlong	+0.0100%	8h	4.5470	long leg	$3.9M	$5.4M	75x
BingX AR-USDT	+0.0100%	8h	4.5540	+0.154%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5342	−0.281%	$235K	$261K	—	as long as short
ApeX Omni ARUSDTshort	+0.0100%	1h	4.5410	−0.132%	$20K	$749K	50x