Funding arb · Price arb /

AR

all AR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h −0.015%

Price spread now: BloFin against ApeX Omni−0.045%103s7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as 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−$580.578% 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+0.096%+$10 on $10k

Price spread, last 3 days (all we have)+0.696%+$70 · spread now −0.045%, 7d avg −0.029%

Together, before fees+0.793%+$79 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 103 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	4.4440	0.0100	pay 0.0013% / 1h	59m 39s	$56K	$748K	50x
Short	BloFin AR-USDT	4.4420	0.0220	get 0.0220% / 8h	1h 59m	$418K	$665K	20x

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 −0.045%Rate

Funding earned: $25.2
Price spread: −0.045% → −0.029%: −$1.58
Slippage, 4 orders: −$35.82
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$34.21
Costs to cover: 0.578%
Break-even: 16.5 days

Slippage from ApeX Omni: live order book, 24 min ago; BloFin: live order book, 22 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, 24 min ago	6.68 bp	15.7 bp −$16	132.5 bp −$1,325	doesn't fit	doesn't fit
Sell BloFin live order book, 22 min ago	2.23 bp	14.2 bp −$14	36.8 bp −$368	doesn't fit	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	−0.2015%	1h	4.4519	+0.179%	$46K	$155K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.4471	+0.070%	$571K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	+2.880%	$3K	$363	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.4567	+0.286%	$3.8M	$4.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.4521	+0.182%	$20K	$621K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.4491	+0.114%	$8.7M	$55.8M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.4467	+0.061%	$4.6M	$8.9M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.4420	−0.045%	$2.2M	$20.4M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.4470	+0.068%	$2.5M	$2.3M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.4510	+0.158%	$6.7M	$4.5M	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	4.4480	+0.090%	$1.4M	$1.1M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.4460	+0.045%	$3.8M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.4470	+0.068%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.4423	−0.037%	$135K	$174K	—	as long as short
ApeX Omni ARUSDTlong	+0.0100%	1h	4.4440	long leg	$56K	$748K	50x
Extended AR-USD	+0.0104%	1h	4.4507	+0.150%	$36K	$237K	10x	as long as short
BloFin AR-USDTshort	+0.0220%	8h	4.4420	−0.045%	$418K	$665K	20x