Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0593%/8h= +64.9% APRpaid last 24h 0.000%

Price spread now: BingX against ApeX Omni−0.050%68s7-day average −0.093% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as 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−$920.924% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 4 days (all we have)−0.477%−$48 · spread now −0.050%, 7d avg −0.093%

Together, before fees−0.521%−$52 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and BingX is 0.044% dearer against ApeX Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.093%. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.044% in total (about -2.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ARBUSDT	0.2218	−0.0493	get 0.0062% / 1h	42m 27s	$120K	$295K	50x
Short	BingX ARB-USDC	0.2217	0.0100	get 0.0100% / 8h	6h 42m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against ApeX Omni. 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 ApeX OmnibpFee BingXbpOrdersPrice spread, now −0.050%Rate

Funding earned: $124.44
Price spread: −0.050% → −0.093%: $4.37
Slippage, 4 orders: −$72.38
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $36.43
Costs to cover: 0.924%
Break-even: 5.0 days

Slippage from ApeX Omni: live order book, 25 min ago; BingX: live order book, 9 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 ApeX Omni live order book, 25 min ago	11.05 bp	20.0 bp −$20	109.3 bp −$1,093	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	7.23 bp	27.4 bp −$27	43.2 bp −$432	105.9 bp −$10.6K	645.2 bp −$322.6K

ARB on 36 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
Injective ARB/USDC PERP	−0.1692%	1h	0.2210	−0.361%	$40K	$372K	12x	as long as short
ApeX Omni ARBUSDTlong	−0.0493%	1h	0.2218	long leg	$120K	$295K	50x
01 Exchange ARBUSD	−0.0224%	1h	0.2214	−0.180%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0184%	8h	0.2212	−0.270%	$1.9M	$2.9M	—	as long as short
SoDEX ARB-USD	−0.0182%	1h	0.2220	+0.104%	$10K	$2.5M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0109%	8h	0.2215	−0.122%	$22.4M	$157.4M	50x	as long as short
MEXC ARB_USDT	−0.0105%	8h	0.2216	−0.108%	$36.9M	$59.0M	200x	as long as short
Bybit ARBUSDT	−0.0057%	8h	0.2216	−0.099%	$57.1M	$129.0M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0055%	8h	0.2215	−0.135%	$12K	$381K	10x	as long as short
Gate ARB_USDT	−0.0006%	8h	0.2215	−0.117%	$5.4M	$19.7M	60x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2216	−0.090%	$66K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2221	+0.153%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2216	−0.090%	$31K	—	150x	as long as short
Binance ARBUSDT	+0.0007%	8h	0.2216	−0.108%	$64.8M	$318.1M	75x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2214	−0.202%	$353K	$2.5M	25x	as long as short
BloFin ARB-USDT	+0.0029%	8h	0.2212	−0.293%	$3.1M	$2.9M	75x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2217	−0.060%	$141K	$7K	3x	as long as short
Lighter ARB	+0.0088%	1h	0.2213	−0.203%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2218	−0.009%	$38.2M	$50.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2217	−0.063%	$660K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2216	−0.101%	$42K	$189K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2217	−0.032%	$19.6M	$15.9M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2216	−0.090%	$21.2M	$36.3M	50x	as long as short
BingX ARB-USDCshort	+0.0100%	8h	0.2217	−0.050%	—	$6.5M	—
edgeX ARBUSDC	+0.0100%	4h	0.2216	−0.112%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2215	−0.151%	$471K	$3.6M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2217	−0.050%	$75K	$2.0M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2221	+0.135%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2221	+0.140%	$296K	$1.0M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2219	+0.045%	$5.0M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2227	+0.406%	$510K	$2.2M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2216	−0.078%	$827K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2215	−0.122%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0311%	1h	0.2222	+0.167%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2216	−0.082%	$455K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0538%	1h	0.2221	+0.144%	$1.0M	$2.9M	20x	as long as short