Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.036%

Price spread now: Variational Omni against ApeX Omni+0.269%7-day average −0.029% · you sell dearer than you buy

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

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.048%−$5 on $10k

Price spread, last 4 days (all we have)−0.433%−$43 · spread now +0.269%, 7d avg −0.029%

Together, before fees−0.480%+ Points / potential airdropVariational Omni: Active · farm board−$48 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.298% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.269% now, against its 7-day average of −0.029%): +$30 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ARBUSDT	0.2187	0.0100	pay 0.0013% / 1h	31m 20s	$118K	$266K	50x
Short	Variational Omni ARB	0.2193	0.0028	get 0.0028% / 8h	7h 31m	$1.8M	$3.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.269%Rate

Funding earned: −$15.19
Price spread: +0.269% → −0.029%: $29.8
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $4.62
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 66 min ago; Variational Omni: RFQ quote, 3 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 ApeX Omni live order book, 66 min ago	9.16 bp	17.9 bp −$18	108.6 bp −$1,086	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	4.56 bp	doesn't fit	18.2 bp −$182	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	−0.1605%	1h	0.2178	−0.412%	$39K	$372K	12x	as long as short
SoDEX ARB-USD	−0.0241%	1h	0.2188	+0.032%	$9K	$2.3M	5x	as long as short
Gate ARB_USDT	−0.0177%	8h	0.2189	+0.082%	$5.4M	$18.1M	60x	as long as short
Kraken Futures PF_ARBUSD	−0.0169%	1h	0.2189	+0.105%	$1.1M	$4.2M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0095%	8h	0.2187	+0.009%	$22.2M	$145.2M	50x	as long as short
MEXC ARB_USDT	−0.0093%	8h	0.2189	+0.073%	$43.4M	$63.0M	200x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0070%	1h	0.2189	+0.091%	$28K	$38K	25x	as long as short
Bybit ARBUSDT	−0.0065%	8h	0.2188	+0.050%	$53.3M	$125.7M	50x	as long as short
01 Exchange ARBUSD	−0.0056%	1h	0.2189	+0.110%	$7K	$209	10x	as long as short
Orderly PERP_ARB_USDC	−0.0037%	8h	0.2188	+0.046%	$16K	$414K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex ARBUSDT	−0.0018%	8h	0.2189	+0.091%	$4.8M	$12.8M	50x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2187	−0.020%	$64K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2190	+0.121%	$73K	—	150x	as long as short
Binance ARBUSDT	+0.0015%	8h	0.2188	+0.054%	$63.2M	$298.7M	75x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2187	+0.001%	$361K	$3.1M	25x	as long as short
Variational Omni ARBshort	+0.0028%	8h	0.2193	+0.269%	$1.8M	$3.0M	—
Bitget ARBUSDT	+0.0066%	8h	0.2187	0.000%	$20.9M	$34.6M	50x	as long as short
BingX ARB-USDT	+0.0069%	8h	0.2188	+0.059%	—	$32.8M	—	as long as short
BloFin ARB-USDT	+0.0071%	8h	0.2187	+0.018%	$3.0M	$2.3M	75x	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2188	+0.069%	$139K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2186	−0.027%	$1.3M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2192	+0.206%	$37.0M	$50.2M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2190	+0.128%	$627K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2187	−0.001%	$43K	$145K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2191	+0.183%	$19.4M	$13.7M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2187	+0.018%	$40K	$467K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2196	+0.407%	$475K	$3.6M	10x	as long as short
ApeX Omni ARBUSDTlong	+0.0100%	1h	0.2187	long leg	$118K	$266K	50x
Polymarket Perps ARB-USD	+0.0100%	1h	0.2191	+0.183%	$73K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2191	+0.183%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2189	+0.096%	$293K	$835K	50x	as long as short
RISEx ARB/USDC	+0.0123%	1h	0.2190	+0.146%	$530K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0162%	1h	0.2188	+0.059%	$977K	$2.8M	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2187	−0.009%	$826K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2188	+0.060%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0336%	1h	0.2192	+0.229%	$525K	$1.5M	50x	as long as short