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 +0.005%

Price spread now: BingX against ApeX Omni+0.264%113s7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as 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−$740.744% 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+0.030%+$3 on $10k

Price spread, last 4 days (all we have)−1.025%−$103 · spread now +0.264%, 7d avg −0.047%

Together, before fees−0.996%−$100 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: BingX is 0.311% dearer against ApeX Omni than usual: you sell high and buy low, +$31 on $10k if it goes back to its 7-day average of −0.047%. The two prices were read 113 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	4.5410	0.0100	pay 0.0013% / 1h	1m 39s	$20K	$749K	50x
Short	BingX AR-USDT	4.5530	0.0100	get 0.0100% / 8h	6h 01m	—	$2.8M	—

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 +0.264%Rate

Funding earned: $0
Price spread: +0.264% → −0.047%: $31.14
Slippage, 4 orders: −$54.43
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$43.29
Costs to cover: 0.744%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 67 min ago; BingX: live order book, 3 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, 67 min ago	7.57 bp	15.3 bp −$15	137.1 bp −$1,371	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	5.51 bp	20.8 bp −$21	38.2 bp −$382	282.0 bp −$28.2K	672.7 bp −$336.3K

AR on 16 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	−0.1677%	1h	4.5694	+0.626%	$56K	$149K	20x	as long as short
Injective AR/USDC PERP	−0.0353%	1h	4.6110	+1.542%	$2K	$2K	5.5x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.5441	+0.069%	$584K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0097%	8h	4.5470	+0.132%	$2.3M	$19.2M	20x	as long as short
MEXC AR_USDT	+0.0079%	8h	4.5540	+0.286%	$6.5M	$4.3M	100x	as long as short
Extended AR-USD	+0.0080%	1h	4.5534	+0.272%	$37K	$240K	10x	as long as short
Binance ARUSDT	+0.0082%	8h	4.5546	+0.299%	$9.1M	$52.3M	75x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5591	+0.399%	$4.1M	$4.6M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5610	+0.441%	$19K	$500K	10x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5524	+0.251%	$4.7M	$8.5M	75x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AR_USDT	+0.0100%	8h	4.5500	+0.198%	$2.5M	$2.2M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5490	+0.176%	$1.2M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.5470	+0.132%	$3.9M	$5.4M	75x	as long as short
BingX AR-USDTshort	+0.0100%	8h	4.5530	+0.264%	—	$2.8M	—
Variational Omni AR	+0.0100%	8h	4.5342	−0.150%	$235K	$261K	—	as long as short
ApeX Omni ARUSDTlong	+0.0100%	1h	4.5410	long leg	$20K	$749K	50x