AR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0104%/8h= −11.3% APRnext payment −$0.13 per $10,000 · paid last 24h −0.010%

Price spread now: ApeX Omni against Hyperliquid−0.202%7-day average −0.135% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$550.548% of the position

Long on Hyperliquid Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.129%−$13 on $10k

Price spread, last 3 days (all we have)+0.135%+$13 · spread now −0.202%, 7d avg −0.135%

Together, before fees+0.006%+ Points / potential airdropHyperliquid: Season 2 · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and ApeX Omni is 0.068% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.135%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AR	4.5933	0.0100	pay 0.0013% / 1h	52m 29s	$4.1M	$4.9M	5x
Short	ApeX Omni ARUSDT	4.5840	−0.0004	pay 0.0000% / 1h	52m 29s	$58K	$747K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hyperliquid. 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 HyperliquidbpFee ApeX OmnibpOrdersPrice spread, now −0.202%Rate

Funding earned: −$21.74
Price spread: −0.202% → −0.135%: −$6.79
Slippage, 4 orders: −$35.84
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$83.37
Costs to cover: 0.548%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 9 min ago; ApeX Omni: live order book, 26 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 Hyperliquid live order book, 9 min ago	0.11 bp	14.4 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 26 min ago	5.51 bp	13.9 bp −$14	118.1 bp −$1,181	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	−0.1964%	1h	4.5838	−0.207%	$52K	$163K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.5869	−0.140%	$589K	—	50x	as long as short
ApeX Omni ARUSDTshort	−0.0004%	1h	4.5840	−0.202%	$58K	$747K	50x
OKX AR-USDT-SWAP	+0.0007%	8h	4.5820	−0.246%	$2.4M	$20.9M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	−0.464%	$3K	$339	5.5x	as long as short
Extended AR-USD	+0.0048%	1h	4.5811	−0.266%	$37K	$237K	10x	as long as short
MEXC AR_USDT	+0.0051%	8h	4.5840	−0.202%	$6.8M	$4.4M	100x	as long as short
Binance ARUSDT	+0.0051%	8h	4.5860	−0.159%	$9.1M	$55.7M	75x	as long as short
Hyperliquid ARlong	+0.0100%	1h	4.5933	long leg	$4.1M	$4.9M	5x
Aster ARUSDT	+0.0100%	8h	4.5810	−0.268%	$20K	$611K	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	4.5860	−0.159%	$4.7M	$8.9M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.5820	−0.246%	$2.6M	$2.3M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5830	−0.224%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.5820	−0.246%	$3.9M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5860	−0.159%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5934	+0.002%	$139K	$173K	—	as long as short
BloFin AR-USDT	+0.0172%	8h	4.5780	−0.333%	$430K	$674K	20x	as long as short