Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: ApeX Omni against KuCoin−0.093%67s7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$263as 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−$2552.554% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 4 days (all we have)+0.194%+$19 · spread now −0.093%, 7d avg +0.033%

Together, before fees+0.119%+$12 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 0.126% cheaper against KuCoin than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.033%. The two prices were read 67 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	KuCoin ARUSDTM	4.3050	0.0100	pay 0.0100% / 8h	1h 26m	$1.1M	$1.3M	50x
Short	ApeX Omni ARUSDT	4.3010	0.0100	get 0.0013% / 1h	26m 25s	$21K	$712K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now −0.093%Rate

Funding earned: $0
Price spread: −0.093% → +0.033%: −$12.59
Slippage, 4 orders: −$233.38
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$267.97
Costs to cover: 2.554%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; ApeX Omni: live order book, 17 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 KuCoin live order book, 9 min ago	7.03 bp	107.3 bp −$107	762.5 bp −$7,625	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 17 min ago	10.63 bp	18.4 bp −$18	138.8 bp −$1,388	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	−0.2619%	1h	4.3094	+0.103%	$53K	$183K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.3098	+0.111%	$553K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+2.764%	$2K	$5K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.3261	+0.490%	$3.8M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.3183	+0.310%	$42K	$443K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.3184	+0.312%	$8.6M	$50.7M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.3134	+0.195%	$4.4M	$9.1M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.3180	+0.302%	$2.3M	$16.9M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.3000	−0.116%	$2.0M	$3.4M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.3210	+0.372%	$6.0M	$4.3M	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ARUSDTMlong	+0.0100%	8h	4.3050	long leg	$1.1M	$1.3M	50x
Bitget ARUSDT	+0.0100%	8h	4.3160	+0.256%	$3.7M	$5.3M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.3140	+0.209%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.2937	−0.261%	$246K	$518K	—	as long as short
ApeX Omni ARUSDTshort	+0.0100%	1h	4.3010	−0.093%	$21K	$712K	50x
Extended AR-USD	+0.0104%	1h	4.3052	+0.004%	$36K	$239K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.3140	+0.209%	$414K	$453K	20x	as long as short