Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%

Price spread now: ApeX Omni against MEXC+0.069%51s7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as 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−$360.361% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 4 days (all we have)−0.119%−$12 · spread now +0.069%, 7d avg −0.006%

Together, before fees−0.096%−$10 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 0.075% dearer against MEXC than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.006%. The two prices were read 51 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	MEXC AR_USDT	4.3380	0.0100	pay 0.0100% / 8h	5h 48m	$6.4M	$3.4M	100x
Short	ApeX Omni ARUSDT	4.3410	0.0100	get 0.0013% / 1h	48m 45s	$21K	$700K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now +0.069%Rate

Funding earned: $0
Price spread: +0.069% → −0.006%: $7.47
Slippage, 4 orders: −$22.1
Fee MEXC: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$28.63
Costs to cover: 0.361%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; ApeX Omni: live order book, 63 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 MEXC live order book, 2 min ago	1.15 bp	3.2 bp −$3	17.5 bp −$175	212.4 bp −$21.2K	doesn't fit
Sell ApeX Omni live order book, 63 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
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.3434	+0.125%	$558K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+1.982%	$2K	$5K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.3420	+0.092%	$3.9M	$3.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.3365	−0.034%	$31K	$186K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.3380	0.000%	$8.5M	$40.3M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.3410	+0.069%	$4.4M	$7.5M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.3360	−0.046%	$2.3M	$12.4M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.3330	−0.115%	$2.2M	$3.6M	50x	as long as short
MEXC AR_USDTlong	+0.0100%	8h	4.3380	long leg	$6.4M	$3.4M	100x
KuCoin ARUSDTM	+0.0100%	8h	4.3320	−0.138%	$1.1M	$1.1M	50x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ARUSDT	+0.0100%	8h	4.3360	−0.046%	$3.7M	$4.5M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.3380	0.000%	—	$2.7M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.3404	+0.055%	$256K	$519K	—	as long as short
ApeX Omni ARUSDTshort	+0.0100%	1h	4.3410	+0.069%	$21K	$700K	50x
Extended AR-USD	+0.0104%	1h	4.3366	−0.033%	$36K	$243K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.3340	−0.092%	$418K	$368K	20x	as long as short
Kraken Futures PF_ARUSD	+0.0789%	1h	4.3379	−0.002%	$47K	$154K	20x	as long as short