Funding you earn now, next payment 04:00 UTC−0.0090%/8h= −9.9% APRnext payment −$0.11 per $10,000 · paid last 24h −0.007%
Price spread now: ApeX Omni against Hyperliquid−0.377%7-day average −0.134% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$580.579% of the position
Funding, last 7 days−0.128%−$13 on $10k
+Price spread, last 4 days (all we have)+0.213%+$21 · spread now −0.377%, 7d avg −0.134%
=Together, before fees+0.086%+ Points / potential airdropHyperliquid: Season 2 · farm board+$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and ApeX Omni is 0.243% cheaper against Hyperliquid than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.134%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid AR | 4.4829 | 0.0100 | pay 0.0013% / 1h | 43m 32s | $4.0M | $4.4M | 5x |
| Short | ApeX Omni ARUSDT | 4.4660 | 0.0010 | get 0.0001% / 1h | 43m 32s | $19K | $721K | 50x |
Hyperliquid AR
ApeX Omni ARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$18.97
- Price spread: −0.377% → −0.134%
- −$24.29
- Slippage, 4 orders
- −$38.95
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$101.21
- Costs to cover
- 0.579%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; ApeX Omni: live order book, 15 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 Hyperliquid live order book, 8 min ago | 4.33 bp | 11.1 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 15 min ago | 7.72 bp | 15.6 bp −$16 | 119.9 bp −$1,199 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX AR/USD [WBTC.b-USDC] | L −0.0141% / S +0.0551% | 1h | 4.4758 | −0.158% | $574K | — | 50x | as long as short |
| OKX AR-USDT-SWAP | −0.0005% | 8h | 4.4740 | −0.199% | $2.3M | $18.0M | 20x | as long as short |
| ApeX Omni ARUSDTshort | +0.0010% | 1h | 4.4660 | −0.377% | $19K | $721K | 50x | |
| Hyperliquid ARlong | +0.0100% | 1h | 4.4829 | long leg | $4.0M | $4.4M | 5x | |
| Aster ARUSDT | +0.0100% | 8h | 4.4770 | −0.131% | $26K | $478K | 10x | as long as short |
| Binance ARUSDT | +0.0100% | 8h | 4.4772 | −0.127% | $8.8M | $50.1M | 75x | as long as short |
| Bybit ARUSDT | +0.0100% | 8h | 4.4759 | −0.156% | $4.6M | $8.2M | 75x | as long as short |
| Gate AR_USDT | +0.0100% | 8h | 4.4770 | −0.132% | $2.5M | $1.9M | 50x | as long as short |
| MEXC AR_USDT | +0.0100% | 8h | 4.4740 | −0.199% | $6.4M | $4.2M | 100x | as long as short |
| KuCoin ARUSDTM | +0.0100% | 8h | 4.4780 | −0.109% | $1.2M | $1.2M | 50x | as long as short |
GMX AR/USD [WBTC.b-USDC]
OKX AR-USDT-SWAP
Aster ARUSDT
Binance ARUSDT
Bybit ARUSDT
Gate AR_USDT
MEXC AR_USDT
KuCoin ARUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ARUSDT | +0.0100% | 8h | 4.4760 | −0.154% | $3.9M | $5.1M | 75x | as long as short |
| BingX AR-USDT | +0.0100% | 8h | 4.4750 | −0.176% | — | $2.8M | — | as long as short |
| Variational Omni AR | +0.0100% | 8h | 4.4607 | −0.496% | $236K | $246K | — | as long as short |
| Extended AR-USD | +0.0104% | 1h | 4.4781 | −0.106% | $36K | $235K | 10x | as long as short |
| BloFin AR-USDT | +0.0220% | 8h | 4.4640 | −0.422% | $427K | $480K | 20x | as long as short |
| Kraken Futures PF_ARUSD | +0.0695% | 1h | 4.4707 | −0.273% | $60K | $160K | 20x | as long as short |
| Injective AR/USDC PERP | +0.0854% | 1h | 4.5290 | +1.028% | $548 | $3K | 5.5x | as long as short |
Bitget ARUSDT
BingX AR-USDT
Variational Omni AR
Extended AR-USD
BloFin AR-USDT
Kraken Futures PF_ARUSD
Injective AR/USDC PERP