Funding arb · Price arb /

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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 +0.005%

Price spread now: ApeX Omni against Variational Omni+0.055%7-day average +0.139% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.146%+$15 on $10k

Price spread, last 4 days (all we have)+0.265%+$26 · spread now +0.055%, 7d avg +0.139%

Together, before fees+0.411%+ Points / potential airdropVariational Omni: Active · farm board+$41 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 0.084% cheaper against Variational Omni than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.139%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AR	4.3136	0.0100	pay 0.0100% / 8h	6h 19m	$245K	$512K	—
Short	ApeX Omni ARUSDT	4.3160	0.0100	get 0.0013% / 1h	19m 18s	$21K	$705K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee ApeX OmnibpOrdersPrice spread, now +0.055%Rate

Funding earned: $0
Price spread: +0.055% → +0.139%: −$8.38
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$18.38
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 32 min ago; ApeX Omni: live order book, 32 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 32 min ago	7.36 bp	doesn't fit	133.9 bp −$1,339	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	4.3366	+0.532%	$46K	$156K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.3286	+0.348%	$556K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+2.559%	$2K	$5K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.3317	+0.419%	$3.8M	$4.0M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.3277	+0.327%	$31K	$194K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.3257	+0.281%	$8.4M	$42.0M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.3277	+0.327%	$4.4M	$7.8M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.3260	+0.287%	$2.3M	$13.1M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.3270	+0.310%	$2.3M	$3.6M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.3270	+0.310%	$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	+0.218%	$1.1M	$1.1M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.3250	+0.264%	$3.7M	$4.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.3280	+0.333%	—	$2.7M	—	as long as short
Variational Omni ARlong	+0.0100%	8h	4.3136	long leg	$245K	$512K	—
ApeX Omni ARUSDTshort	+0.0100%	1h	4.3160	+0.055%	$21K	$705K	50x
Extended AR-USD	+0.0104%	1h	4.3244	+0.250%	$37K	$243K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.3190	+0.125%	$414K	$377K	20x	as long as short