Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.007%

Price spread now: ApeX Omni against Bitget−0.455%113s7-day average +0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as 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−$710.712% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 3 days (all we have)+0.560%+$56 · spread now −0.455%, 7d avg +0.068%

Together, before fees+0.502%+$50 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 0.523% cheaper against Bitget than usual: you would sell low and buy high, −$52 on $10k if it goes back to its 7-day average of +0.068%. 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	Bitget ARUSDT	4.6140	0.0100	pay 0.0100% / 8h	7h 07m	$3.9M	$5.5M	75x
Short	ApeX Omni ARUSDT	4.5930	0.0100	get 0.0013% / 1h	7m 36s	$23K	$741K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now −0.455%Rate

Funding earned: $0
Price spread: −0.455% → +0.068%: −$52.3
Slippage, 4 orders: −$49.2
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$123.5
Costs to cover: 0.712%
Break-even: never at this rate

Slippage from Bitget: live order book, 6 min ago; ApeX Omni: live order book, 66 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 Bitget live order book, 6 min ago	3.27 bp	21.3 bp −$21	79.8 bp −$798	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 66 min ago	6.49 bp	16.4 bp −$16	124.4 bp −$1,244	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	−0.2384%	1h	4.6323	+0.396%	$56K	$149K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.6258	+0.257%	$594K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0133%	8h	4.6120	−0.043%	$2.4M	$19.9M	20x	as long as short
MEXC AR_USDT	+0.0006%	8h	4.6160	+0.043%	$6.7M	$4.5M	100x	as long as short
Extended AR-USD	+0.0008%	1h	4.6156	+0.034%	$38K	$240K	10x	as long as short
Binance ARUSDT	+0.0009%	8h	4.6191	+0.111%	$9.3M	$53.2M	75x	as long as short
BloFin AR-USDT	+0.0018%	8h	4.6220	+0.173%	$440K	$542K	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.6110	−0.065%	$2K	$2K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.6282	+0.308%	$4.2M	$4.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.6203	+0.136%	$27K	$500K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ARUSDT	+0.0100%	8h	4.6159	+0.041%	$4.7M	$8.4M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.6210	+0.152%	$2.6M	$2.2M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.6200	+0.130%	$1.5M	$1.2M	50x	as long as short
Bitget ARUSDTlong	+0.0100%	8h	4.6140	long leg	$3.9M	$5.5M	75x
BingX AR-USDT	+0.0100%	8h	4.6150	+0.022%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5887	−0.547%	$143K	$168K	—	as long as short
ApeX Omni ARUSDTshort	+0.0100%	1h	4.5930	−0.455%	$23K	$741K	50x