Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.024%

Price spread now: ApeX Omni against Gate−0.734%66s7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$177as 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−$1801.805% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 3 days (all we have)+0.818%+$82 · spread now −0.734%, 7d avg +0.030%

Together, before fees+0.849%+$85 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 0.764% cheaper against Gate than usual: you would sell low and buy high, −$76 on $10k if it goes back to its 7-day average of +0.030%. The two prices were read 66 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	Gate AR_USDT	4.6310	0.0100	pay 0.0100% / 8h	24m 20s	$2.6M	$2.3M	50x
Short	ApeX Omni ARUSDT	4.5970	0.0100	get 0.0013% / 1h	24m 20s	$58K	$746K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now −0.734%Rate

Funding earned: $0
Price spread: −0.734% → +0.030%: −$76.45
Slippage, 4 orders: −$155.46
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$256.91
Costs to cover: 1.805%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; ApeX Omni: live order book, 54 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 Gate live order book, 4 min ago	5.43 bp	78.5 bp −$78	350.7 bp −$3,507	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 54 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	−0.1942%	1h	4.6353	+0.093%	$53K	$163K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.6335	+0.055%	$595K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0038%	8h	4.6330	+0.043%	$2.4M	$21.1M	20x	as long as short
MEXC AR_USDT	+0.0028%	8h	4.6280	−0.065%	$6.8M	$4.5M	100x	as long as short
Binance ARUSDT	+0.0028%	8h	4.6349	+0.083%	$9.2M	$55.6M	75x	as long as short
Extended AR-USD	+0.0032%	1h	4.6380	+0.152%	$38K	$237K	10x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	−1.274%	$3K	$339	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.6348	+0.082%	$4.2M	$4.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.6256	−0.118%	$20K	$611K	10x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.6330	+0.043%	$4.6M	$8.9M	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_USDTlong	+0.0100%	8h	4.6310	long leg	$2.6M	$2.3M	50x
KuCoin ARUSDTM	+0.0100%	8h	4.6270	−0.086%	$1.5M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.6370	+0.130%	$4.0M	$5.7M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.6320	+0.022%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.6130	−0.389%	$140K	$172K	—	as long as short
ApeX Omni ARUSDTshort	+0.0100%	1h	4.5970	−0.734%	$58K	$746K	50x
BloFin AR-USDT	+0.0114%	8h	4.6110	−0.432%	$436K	$679K	20x	as long as short