Funding arb · Price arb /

AR

all AR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: ApeX Omni against Bybit+0.041%89s7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as 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−$790.786% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 4 days (all we have)+0.108%+$11 · spread now +0.041%, 7d avg +0.082%

Together, before fees+0.185%+$19 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 0.041% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.082%. The two prices were read 89 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	Bybit ARUSDT	4.3942	0.0100	pay 0.0100% / 8h	3h 25m	$4.5M	$8.5M	75x
Short	ApeX Omni ARUSDT	4.3960	0.0100	get 0.0013% / 1h	25m 58s	$19K	$714K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → +0.082%: −$4.07
Slippage, 4 orders: −$57.59
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$82.65
Costs to cover: 0.786%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; ApeX Omni: live order book, 28 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 Bybit live order book, 2 min ago	1.14 bp	18.8 bp −$19	104.8 bp −$1,048	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 28 min ago	6.76 bp	14.9 bp −$15	122.0 bp −$1,220	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	−0.1229%	1h	4.3910	−0.072%	$59K	$143K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.3947	+0.012%	$564K	—	50x	as long as short
Aster ARUSDT	+0.0100%	8h	4.3902	−0.091%	$30K	$467K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.3950	+0.018%	$8.6M	$50.6M	75x	as long as short
Bybit ARUSDTlong	+0.0100%	8h	4.3942	long leg	$4.5M	$8.5M	75x
OKX AR-USDT-SWAP	+0.0100%	8h	4.3920	−0.050%	$2.2M	$17.5M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.3900	−0.096%	$2.5M	$1.9M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.3950	+0.018%	$6.0M	$4.2M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.3890	−0.118%	$1.1M	$1.3M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.3940	−0.005%	$3.8M	$5.2M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AR-USDT	+0.0100%	8h	4.3930	−0.027%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.3942	0.000%	$233K	$414K	—	as long as short
ApeX Omni ARUSDTshort	+0.0100%	1h	4.3960	+0.041%	$19K	$714K	50x
Extended AR-USD	+0.0104%	1h	4.3933	−0.020%	$36K	$237K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.3830	−0.255%	$411K	$466K	20x	as long as short
Hyperliquid AR	+0.0352%	1h	4.4003	+0.139%	$3.7M	$4.4M	5x	as long as short
Injective AR/USDC PERP	+0.0433%	1h	4.4240	+0.678%	$2K	$5K	5.5x	as long as short