Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.043%

Price spread now: OKX against ApeX Omni+0.094%110s7-day average −0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as 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−$730.732% of the position

Long on ApeX Omni Short on OKX

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)−0.914%−$91 · spread now +0.094%, 7d avg −0.089%

Together, before fees−0.944%−$94 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: OKX is 0.183% dearer against ApeX Omni than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.089%. The two prices were read 110 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	4.2720	0.0100	pay 0.0013% / 1h	17m 39s	$20K	$710K	50x
Short	OKX AR-USDT-SWAP	4.2760	0.0100	get 0.0100% / 8h	17m 39s	$2.2M	$15.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.094%Rate

Funding earned: $0
Price spread: +0.094% → −0.089%: $18.31
Slippage, 4 orders: −$53.17
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$54.86
Costs to cover: 0.732%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 21 min ago; OKX: live order book, 1 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, 21 min ago	7.04 bp	15.2 bp −$15	125.4 bp −$1,254	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	1.17 bp	20.0 bp −$20	129.6 bp −$1,296	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	−0.1518%	1h	4.2750	+0.070%	$53K	$135K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.2774	+0.126%	$549K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+3.558%	$2K	$5K	5.5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.2792	+0.169%	$32K	$283K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.2811	+0.212%	$8.5M	$46.1M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.2780	+0.140%	$4.4M	$8.5M	75x	as long as short
OKX AR-USDT-SWAPshort	+0.0100%	8h	4.2760	+0.094%	$2.2M	$15.1M	20x
Gate AR_USDT	+0.0100%	8h	4.2770	+0.117%	$2.0M	$3.2M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.2810	+0.211%	$5.9M	$4.0M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.2780	+0.140%	$1.1M	$1.2M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ARUSDT	+0.0100%	8h	4.2800	+0.187%	$3.7M	$5.0M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.2780	+0.140%	—	$2.7M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.2638	−0.193%	$245K	$514K	—	as long as short
ApeX Omni ARUSDTlong	+0.0100%	1h	4.2720	long leg	$20K	$710K	50x
Extended AR-USD	+0.0104%	1h	4.2802	+0.193%	$39K	$243K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.2860	+0.328%	$414K	$445K	20x	as long as short
Hyperliquid AR	+0.0373%	1h	4.2893	+0.405%	$3.9M	$4.6M	5x	as long as short