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 +0.013%

Price spread now: ApeX Omni against Variational Omni+0.038%7-day average +0.149% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.145%+$15 on $10k

Price spread, last 4 days (all we have)+0.149%+$15 · spread now +0.038%, 7d avg +0.149%

Together, before fees+0.294%+ Points / potential airdropVariational Omni: Active · farm board+$29 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 0.111% cheaper against Variational Omni than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.149%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AR	4.4893	0.0100	pay 0.0100% / 8h	6h 43m	$140K	$165K	—
Short	ApeX Omni ARUSDT	4.4910	0.0100	get 0.0013% / 1h	43m 25s	$20K	$742K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee ApeX OmnibpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → +0.149%: −$11.1
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$21.1
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 26 min ago; ApeX Omni: live order book, 25 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 26 min ago	4.88 bp	doesn't fit	163.3 bp −$1,633	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 25 min ago	7.57 bp	17.2 bp −$17	127.0 bp −$1,270	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	−0.1700%	1h	4.5068	+0.390%	$55K	$149K	20x	as long as short
Injective AR/USDC PERP	−0.0353%	1h	4.6110	+2.711%	$2K	$2K	5.5x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.4837	−0.125%	$576K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0134%	8h	4.4930	+0.082%	$2.3M	$19.3M	20x	as long as short
MEXC AR_USDT	+0.0020%	8h	4.4950	+0.127%	$6.4M	$4.3M	100x	as long as short
Binance ARUSDT	+0.0023%	8h	4.4950	+0.127%	$8.9M	$53.0M	75x	as long as short
Extended AR-USD	+0.0024%	1h	4.4930	+0.083%	$37K	$243K	10x	as long as short
BloFin AR-USDT	+0.0050%	8h	4.5040	+0.327%	$433K	$528K	20x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5027	+0.298%	$4.1M	$4.7M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.4884	−0.020%	$26K	$500K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ARUSDT	+0.0100%	8h	4.4930	+0.082%	$4.5M	$8.4M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.4930	+0.082%	$2.5M	$2.1M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.4940	+0.105%	$1.4M	$1.1M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.4900	+0.015%	$3.8M	$5.4M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.4930	+0.082%	—	$2.9M	—	as long as short
Variational Omni ARlong	+0.0100%	8h	4.4893	long leg	$140K	$165K	—
ApeX Omni ARUSDTshort	+0.0100%	1h	4.4910	+0.038%	$20K	$742K	50x