Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%

Price spread now: ApeX Omni against Binance+0.583%49s7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as 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−$620.623% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)−0.246%−$25 · spread now +0.583%, 7d avg +0.007%

Together, before fees−0.223%−$22 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 0.576% dearer against Binance than usual: you sell high and buy low, +$58 on $10k if it goes back to its 7-day average of +0.007%. The two prices were read 49 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	Binance ARUSDT	4.2880	0.0100	pay 0.0100% / 8h	7h 34m	$8.5M	$43.8M	75x
Short	ApeX Omni ARUSDT	4.3130	0.0100	get 0.0013% / 1h	34m 44s	$20K	$707K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now +0.583%Rate

Funding earned: $0
Price spread: +0.583% → +0.007%: $57.64
Slippage, 4 orders: −$42.31
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$4.68
Costs to cover: 0.623%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; ApeX Omni: live order book, 64 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 Binance live order book, 7 min ago	1.16 bp	13.8 bp −$14	60.3 bp −$603	513.4 bp −$51.3K	doesn't fit
Sell ApeX Omni live order book, 64 min ago	7.04 bp	14.4 bp −$14	141.6 bp −$1,416	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	−0.1006%	1h	4.2886	+0.014%	$53K	$134K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.2915	+0.082%	$551K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+3.172%	$2K	$5K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.2973	+0.217%	$3.9M	$4.4M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.2933	+0.123%	$32K	$255K	10x	as long as short
Binance ARUSDTlong	+0.0100%	8h	4.2880	long leg	$8.5M	$43.8M	75x
Bybit ARUSDT	+0.0100%	8h	4.2874	−0.014%	$4.5M	$8.2M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.2860	−0.047%	$2.2M	$14.1M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.2860	−0.047%	$2.0M	$3.1M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.2880	0.000%	$6.0M	$3.7M	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	4.2910	+0.070%	$1.1M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.2870	−0.023%	$3.7M	$4.8M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.2900	+0.047%	—	$2.7M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.2903	+0.053%	$247K	$512K	—	as long as short
ApeX Omni ARUSDTshort	+0.0100%	1h	4.3130	+0.583%	$20K	$707K	50x
Extended AR-USD	+0.0104%	1h	4.2882	+0.005%	$36K	$240K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.2900	+0.047%	$413K	$439K	20x	as long as short