Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.022%

Price spread now: ApeX Omni against Aster−0.094%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$940.939% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.007%+$1 on $10k

Price spread, last 4 days (all we have)+0.422%+$42 · spread now −0.094%, 7d avg +0.001%

Together, before fees+0.429%+ Points / potential airdropAster: Stage 5 · farm board+$43 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: ApeX Omni is 0.096% cheaper against Aster than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ARUSDT	4.5283	0.0100	pay 0.0100% / 8h	5h 33m	$19K	$500K	10x
Short	ApeX Omni ARUSDT	4.5240	0.0100	get 0.0013% / 1h	33m 03s	$20K	$725K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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 AsterbpFee ApeX OmnibpOrdersPrice spread, now −0.094%Rate

Funding earned: $0
Price spread: −0.094% → +0.001%: −$9.56
Slippage, 4 orders: −$75.86
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$103.42
Costs to cover: 0.939%
Break-even: never at this rate

Slippage from Aster: live order book, 29 min ago; ApeX Omni: live order book, 31 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 Aster live order book, 29 min ago	16.45 bp	31.8 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 31 min ago	7.70 bp	15.8 bp −$16	135.6 bp −$1,356	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
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.5273	−0.021%	$582K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0085%	8h	4.5280	−0.006%	$2.3M	$18.9M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5290	+0.016%	$548	$3K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5408	+0.277%	$4.1M	$4.5M	5x	as long as short
Aster ARUSDTlong	+0.0100%	8h	4.5283	long leg	$19K	$500K	10x
Binance ARUSDT	+0.0100%	8h	4.5318	+0.078%	$9.0M	$51.5M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5312	+0.065%	$4.7M	$8.4M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.5320	+0.082%	$2.5M	$2.0M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.5340	+0.127%	$6.5M	$4.3M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5270	−0.028%	$1.2M	$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	4.5270	−0.028%	$3.9M	$5.3M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5320	+0.082%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5276	−0.014%	$235K	$256K	—	as long as short
ApeX Omni ARUSDTshort	+0.0100%	1h	4.5240	−0.094%	$20K	$725K	50x
Extended AR-USD	+0.0104%	1h	4.5300	+0.039%	$37K	$239K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.5350	+0.149%	$434K	$497K	20x	as long as short
Kraken Futures PF_ARUSD	+0.1927%	1h	4.5367	+0.185%	$56K	$149K	20x	as long as short