Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h +0.015%

Price spread now: ApeX Omni against BloFin−0.420%7-day average +0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$730.730% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 4 days (all we have)+0.187%+$19 · spread now −0.420%, 7d avg +0.040%

Together, before fees+0.103%+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and ApeX Omni is 0.460% cheaper against BloFin than usual: you would sell low and buy high (−$46 if the spread goes back to its 7-day average of +0.040%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AR-USDT	4.2880	0.0220	pay 0.0220% / 8h	1h 01m	$416K	$449K	20x
Short	ApeX Omni ARUSDT	4.2700	0.0100	get 0.0013% / 1h	1m 15s	$20K	$712K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now −0.420%Rate

Funding earned: −$25.2
Price spread: −0.420% → +0.040%: −$46.02
Slippage, 4 orders: −$50.96
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$144.19
Costs to cover: 0.730%
Break-even: never at this rate

Slippage from BloFin: live order book, 19 min ago; ApeX Omni: live order book, 42 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 BloFin live order book, 19 min ago	1.16 bp	11.5 bp −$12	35.8 bp −$358	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 42 min ago	10.63 bp	18.4 bp −$18	138.8 bp −$1,388	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	−0.2634%	1h	4.2857	−0.053%	$53K	$182K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.2868	−0.029%	$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	4.2940	+0.140%	$3.9M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.2856	−0.056%	$32K	$411K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.2872	−0.018%	$8.5M	$50.0M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.2869	−0.026%	$4.4M	$9.0M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.2830	−0.117%	$2.2M	$16.6M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.2780	−0.233%	$2.0M	$3.4M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.2880	0.000%	$5.9M	$4.3M	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	4.2820	−0.140%	$1.1M	$1.3M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.2850	−0.070%	$3.7M	$5.3M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.2860	−0.047%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.2688	−0.449%	$245K	$517K	—	as long as short
ApeX Omni ARUSDTshort	+0.0100%	1h	4.2700	−0.420%	$20K	$712K	50x
Extended AR-USD	+0.0104%	1h	4.2861	−0.045%	$37K	$244K	10x	as long as short
BloFin AR-USDTlong	+0.0220%	8h	4.2880	long leg	$416K	$449K	20x