Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0199%/8h= −21.8% APRpaid last 24h −0.015%

Price spread now: Gate against ApeX Omni−0.250%51s7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as 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−$680.676% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.153%−$15 on $10k

Price spread, last 4 days (all we have)+0.128%+$13 · spread now −0.250%, 7d avg −0.044%

Together, before fees−0.025%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Gate is 0.206% cheaper against ApeX Omni than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.044%). Swap the legs. 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	ApeX Omni ARBUSDT	0.2200	0.0100	pay 0.0013% / 1h	40m 28s	$120K	$284K	50x
Short	Gate ARB_USDT	0.2195	−0.0099	pay 0.0099% / 8h	4h 40m	$5.3M	$18.7M	60x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against ApeX Omni. 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 ApeX OmnibpFee GatebpOrdersPrice spread, now −0.250%Rate

Funding earned: −$41.79
Price spread: −0.250% → −0.044%: −$20.6
Slippage, 4 orders: −$42.61
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$130
Costs to cover: 0.676%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 17 min ago; Gate: live order book, 3 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 ApeX Omni live order book, 17 min ago	6.81 bp	16.3 bp −$16	114.6 bp −$1,146	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	1.59 bp	16.9 bp −$17	27.0 bp −$270	89.2 bp −$8,917	doesn't fit

ARB on 36 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
Injective ARB/USDC PERP	−0.1649%	1h	0.2189	−0.500%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0176%	1h	0.2194	−0.291%	$7K	$2K	10x	as long as short
Polymarket Perps ARB-USD	−0.0152%	1h	0.2193	−0.323%	$91K	$2.2M	10x	as long as short
OKX ARB-USDT-SWAP	−0.0134%	8h	0.2192	−0.355%	$22.2M	$147.4M	50x	as long as short
MEXC ARB_USDT	−0.0134%	8h	0.2193	−0.318%	$40.4M	$59.7M	200x	as long as short
Variational Omni ARB	−0.0115%	8h	0.2194	−0.271%	$1.8M	$2.9M	—	as long as short
Gate ARB_USDTshort	−0.0099%	8h	0.2195	−0.250%	$5.3M	$18.7M	60x
Orderly PERP_ARB_USDC	−0.0077%	8h	0.2195	−0.227%	$12K	$390K	10x	as long as short
Bybit ARBUSDT	−0.0045%	8h	0.2193	−0.323%	$55.6M	$126.0M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0006%	1h	0.2195	−0.208%	$1.1M	$4.4M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2196	−0.177%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2195	−0.209%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2195	−0.208%	$32K	—	150x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2193	−0.320%	$350K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0008%	8h	0.2194	−0.253%	$64.0M	$306.4M	75x	as long as short
BloFin ARB-USDT	+0.0034%	8h	0.2195	−0.227%	$3.1M	$2.6M	75x	as long as short
SoDEX ARB-USD	+0.0039%	1h	0.2195	−0.241%	$10K	$2.3M	5x	as long as short
Bitget ARBUSDT	+0.0064%	8h	0.2193	−0.318%	$20.9M	$34.6M	50x	as long as short
BingX ARB-USDC	+0.0066%	8h	0.2192	−0.368%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2195	−0.245%	$139K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2195	−0.241%	$1.2M	$5.7M	15x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2195	−0.227%	$4.9M	$12.8M	50x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2195	−0.236%	$38.0M	$48.8M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2198	−0.112%	$634K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2195	−0.209%	$43K	$169K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2195	−0.241%	$19.4M	$15.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2199	−0.058%	$40K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2201	+0.044%	$469K	$3.6M	10x	as long as short
ApeX Omni ARBUSDTlong	+0.0100%	1h	0.2200	long leg	$120K	$284K	50x
SunX ARB-USDT	+0.0100%	8h	0.2198	−0.091%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2197	−0.136%	$298K	$952K	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2197	−0.136%	$491K	$1.9M	50x	as long as short
RISEx ARB/USDC	+0.0225%	1h	0.2195	−0.214%	$475K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2195	−0.210%	$820K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2192	−0.343%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0603%	1h	0.2198	−0.100%	$992K	$2.8M	20x	as long as short