Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%

Price spread now: Binance against ApeX Omni−0.307%89s7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as 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−$630.629% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 3 days (all we have)+0.389%+$39 · spread now −0.307%, 7d avg −0.007%

Together, before fees+0.363%+$36 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: Binance is 0.299% cheaper against ApeX Omni than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of −0.007%. The two prices were read 89 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	ApeX Omni ARUSDT	4.4760	0.0100	pay 0.0013% / 1h	11m 58s	$57K	$747K	50x
Short	Binance ARUSDT	4.4623	0.0100	get 0.0100% / 8h	2h 11m	$8.7M	$56.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.307%Rate

Funding earned: $0
Price spread: −0.307% → −0.007%: −$29.94
Slippage, 4 orders: −$42.89
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$92.83
Costs to cover: 0.629%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 12 min ago; Binance: live order book, 15 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, 12 min ago	6.68 bp	15.7 bp −$16	132.5 bp −$1,325	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	1.11 bp	17.1 bp −$17	48.0 bp −$480	367.2 bp −$36.7K	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	−0.2008%	1h	4.4671	−0.198%	$46K	$155K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.4664	−0.216%	$574K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	+2.145%	$3K	$363	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.4723	−0.083%	$3.8M	$4.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.4696	−0.142%	$20K	$621K	10x	as long as short
Binance ARUSDTshort	+0.0100%	8h	4.4623	−0.307%	$8.7M	$56.0M	75x
Bybit ARUSDT	+0.0100%	8h	4.4633	−0.284%	$4.6M	$9.0M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.4600	−0.357%	$2.2M	$20.5M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.4620	−0.313%	$2.5M	$2.3M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.4620	−0.313%	$6.8M	$4.8M	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ARUSDTM	+0.0100%	8h	4.4650	−0.246%	$1.4M	$1.1M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.4610	−0.335%	$3.8M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.4630	−0.290%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.4693	−0.150%	$137K	$172K	—	as long as short
ApeX Omni ARUSDTlong	+0.0100%	1h	4.4760	long leg	$57K	$747K	50x
Extended AR-USD	+0.0104%	1h	4.4646	−0.255%	$36K	$237K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.4660	−0.223%	$420K	$667K	20x	as long as short