Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0096%/8h= +10.6% APRpaid last 24h +0.008%

Price spread now: BloFin against ApeX Omni−0.077%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$610.611% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)+0.563%+$56 · spread now −0.077%, 7d avg −0.028%

Together, before fees+0.605%+$60 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.049% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.077% now, against its 7-day average of −0.028%). If the spread goes back, that is −$5 on $10k: about 40 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.041% in total) that is about 8.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ARBUSDT	0.2204	0.0100	pay 0.0013% / 1h	27m 54s	$119K	$281K	50x
Short	BloFin ARB-USDT	0.2202	0.0196	get 0.0196% / 8h	1h 27m	$3.1M	$2.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.077%Rate

Funding earned: $20.26
Price spread: −0.077% → −0.028%: −$4.86
Slippage, 4 orders: −$39.07
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$45.67
Costs to cover: 0.611%
Break-even: 22.8 days

Slippage from ApeX Omni: live order book, 14 min ago; BloFin: live order book, 5 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, 14 min ago	11.29 bp	20.0 bp −$20	123.1 bp −$1,231	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	0.23 bp	8.9 bp −$9	14.2 bp −$142	doesn't fit	doesn't fit

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	−0.1592%	1h	0.2196	−0.363%	$40K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0212%	1h	0.2201	−0.132%	$67K	$2.1M	10x	as long as short
01 Exchange ARBUSD	−0.0112%	1h	0.2201	−0.127%	$7K	$236	10x	as long as short
SoDEX ARB-USD	−0.0099%	1h	0.2201	−0.145%	$9K	$2.2M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0083%	8h	0.2202	−0.104%	$22.1M	$145.7M	50x	as long as short
MEXC ARB_USDT	−0.0082%	8h	0.2202	−0.095%	$41.7M	$61.9M	200x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0068%	1h	0.2201	−0.123%	$28K	$38K	25x	as long as short
Variational Omni ARB	−0.0056%	8h	0.2205	+0.044%	$1.8M	$3.0M	—	as long as short
Orderly PERP_ARB_USDC	−0.0042%	8h	0.2202	−0.091%	$12K	$406K	10x	as long as short
Bybit ARBUSDT	−0.0014%	8h	0.2202	−0.095%	$54.1M	$126.5M	50x	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	0.2206	+0.083%	$65K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2203	−0.068%	$44K	—	150x	as long as short
Gate ARB_USDT	+0.0039%	8h	0.2201	−0.123%	$5.4M	$18.4M	60x	as long as short
RISEx ARB/USDC	+0.0056%	1h	0.2202	−0.098%	$473K	$2.6M	10x	as long as short
Bitget ARBUSDT	+0.0061%	8h	0.2201	−0.136%	$21.2M	$34.7M	50x	as long as short
Extended ARB-USD	+0.0072%	1h	0.2201	−0.144%	$352K	$2.8M	25x	as long as short
Binance ARBUSDT	+0.0073%	8h	0.2202	−0.107%	$62.8M	$301.9M	75x	as long as short
BingX ARB-USDC	+0.0083%	8h	0.2201	−0.118%	—	$6.5M	—	as long as short
Lighter ARB	+0.0096%	1h	0.2201	−0.127%	$1.2M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2203	−0.045%	$37.2M	$49.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2204	−0.018%	$633K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2202	−0.069%	$43K	$149K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2202	−0.086%	$19.5M	$14.3M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2204	+0.020%	$39K	$465K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2206	+0.090%	$479K	$3.7M	10x	as long as short
ApeX Omni ARBUSDTlong	+0.0100%	1h	0.2204	long leg	$119K	$281K	50x
SunX ARB-USDT	+0.0100%	8h	0.2203	−0.045%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2201	−0.132%	$294K	$866K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2202	−0.091%	$4.9M	$12.8M	50x	as long as short
Aevo ARB-PERP	+0.0104%	1h	0.2202	−0.091%	$140K	$7K	3x	as long as short
BloFin ARB-USDTshort	+0.0196%	8h	0.2202	−0.077%	$3.1M	$2.3M	75x
Kraken Futures PF_ARBUSD	+0.0231%	1h	0.2204	−0.008%	$1.1M	$4.4M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2202	−0.103%	$831K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2208	+0.195%	$526K	$1.6M	50x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2202	−0.088%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0621%	1h	0.2204	+0.014%	$990K	$2.8M	20x	as long as short