Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: ApeX Omni against Gate−0.185%7-day average +0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1131.126% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 4 days (all we have)+0.225%+$22 · spread now −0.185%, 7d avg +0.042%

Together, before fees+0.258%+$26 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 0.227% cheaper against Gate than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AR_USDT	4.3240	0.0100	pay 0.0100% / 8h	6h 19m	$2.3M	$3.6M	50x
Short	ApeX Omni ARUSDT	4.3160	0.0100	get 0.0013% / 1h	19m 35s	$21K	$705K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now −0.185%Rate

Funding earned: $0
Price spread: −0.185% → +0.042%: −$22.73
Slippage, 4 orders: −$87.62
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$135.35
Costs to cover: 1.126%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; ApeX Omni: live order book, 32 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 Gate live order book, 2 min ago	3.48 bp	41.9 bp −$42	337.4 bp −$3,374	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 32 min ago	5.80 bp	16.9 bp −$17	134.5 bp −$1,345	doesn't fit	doesn't fit

AR on 17 exchanges

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	−0.1711%	1h	4.3359	+0.275%	$46K	$156K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.3262	+0.051%	$555K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+2.313%	$2K	$5K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.3317	+0.178%	$3.8M	$4.0M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.3240	0.000%	$31K	$194K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.3237	−0.006%	$8.4M	$42.0M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.3259	+0.044%	$4.4M	$7.8M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.3220	−0.046%	$2.3M	$13.1M	20x	as long as short
Gate AR_USDTlong	+0.0100%	8h	4.3240	long leg	$2.3M	$3.6M	50x
MEXC AR_USDT	+0.0100%	8h	4.3240	0.000%	$6.2M	$3.5M	100x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ARUSDTM	+0.0100%	8h	4.3230	−0.023%	$1.1M	$1.1M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.3250	+0.023%	$3.7M	$4.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.3260	+0.046%	—	$2.7M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.3136	−0.240%	$245K	$512K	—	as long as short
ApeX Omni ARUSDTshort	+0.0100%	1h	4.3160	−0.185%	$21K	$705K	50x
Extended AR-USD	+0.0104%	1h	4.3240	+0.001%	$37K	$243K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.3190	−0.116%	$414K	$377K	20x	as long as short