Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0066%/8h= −7.2% APRpaid last 24h +0.016%

Price spread now: ApeX Omni against BloFin+0.219%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$590.594% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 3 days (all we have)−0.551%−$55 · spread now +0.219%, 7d avg +0.022%

Together, before fees−0.647%−$65 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.196% dearer against BloFin than usual: you sell high and buy low (spread +0.219% now, against its 7-day average of +0.022%): +$20 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AR-USDT	4.5730	0.0166	pay 0.0166% / 8h	44m 57s	$432K	$674K	20x
Short	ApeX Omni ARUSDT	4.5830	0.0100	get 0.0013% / 1h	44m 57s	$58K	$746K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now +0.219%Rate

Funding earned: −$13.9
Price spread: +0.219% → +0.022%: $19.63
Slippage, 4 orders: −$37.38
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$53.65
Costs to cover: 0.594%
Break-even: never at this rate

Slippage from BloFin: live order book, 32 min ago; ApeX Omni: live order book, 34 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 BloFin live order book, 32 min ago	6.57 bp	15.1 bp −$15	36.8 bp −$368	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 34 min ago	5.51 bp	13.9 bp −$14	118.1 bp −$1,181	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	−0.1967%	1h	4.5751	+0.046%	$52K	$163K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.5782	+0.113%	$588K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0001%	8h	4.5720	−0.022%	$2.4M	$20.8M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	−0.022%	$3K	$339	5.5x	as long as short
MEXC AR_USDT	+0.0046%	8h	4.5760	+0.066%	$6.7M	$4.4M	100x	as long as short
Binance ARUSDT	+0.0046%	8h	4.5745	+0.033%	$9.1M	$55.7M	75x	as long as short
Extended AR-USD	+0.0048%	1h	4.5736	+0.013%	$37K	$237K	10x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5842	+0.245%	$4.1M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5810	+0.175%	$20K	$611K	10x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5740	+0.022%	$4.6M	$9.0M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AR_USDT	+0.0100%	8h	4.5780	+0.109%	$2.6M	$2.3M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5770	+0.087%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.5710	−0.044%	$3.9M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5750	+0.044%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5774	+0.097%	$139K	$172K	—	as long as short
ApeX Omni ARUSDTshort	+0.0100%	1h	4.5830	+0.219%	$58K	$746K	50x
BloFin AR-USDTlong	+0.0166%	8h	4.5730	long leg	$432K	$674K	20x