Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0201%/8h= −22.0% APRpaid last 24h −0.030%

Price spread now: Variational Omni against ApeX Omni−0.269%7-day average −0.027% · you buy dearer than you sell

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

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.044%−$4 on $10k

Price spread, last 4 days (all we have)+0.151%+$15 · spread now −0.269%, 7d avg −0.027%

Together, before fees+0.106%+ Points / potential airdropVariational Omni: Active · farm board+$11 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 Variational Omni is 0.241% cheaper against ApeX Omni than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.027%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.044% in total (about -4.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ARBUSDT	0.2217	0.0100	pay 0.0013% / 1h	21m 06s	$120K	$284K	50x
Short	Variational Omni ARB	0.2211	−0.0101	pay 0.0101% / 8h	4h 21m	$1.8M	$2.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.269%Rate

Funding earned: −$42.13
Price spread: −0.269% → −0.027%: −$24.14
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$76.27
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 36 min ago; Variational Omni: RFQ quote, 3 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 ApeX Omni live order book, 36 min ago	6.81 bp	16.3 bp −$16	114.6 bp −$1,146	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	4.52 bp	doesn't fit	22.6 bp −$226	doesn't fit	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	0.2207	−0.451%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0168%	1h	0.2211	−0.257%	$7K	$2K	10x	as long as short
Polymarket Perps ARB-USD	−0.0136%	1h	0.2212	−0.244%	$98K	$2.2M	10x	as long as short
OKX ARB-USDT-SWAP	−0.0130%	8h	0.2212	−0.248%	$22.3M	$149.1M	50x	as long as short
MEXC ARB_USDT	−0.0130%	8h	0.2211	−0.257%	$42.0M	$60.7M	200x	as long as short
Variational Omni ARBshort	−0.0101%	8h	0.2211	−0.269%	$1.8M	$2.9M	—
Orderly PERP_ARB_USDC	−0.0072%	8h	0.2213	−0.180%	$12K	$397K	10x	as long as short
Gate ARB_USDT	−0.0058%	8h	0.2213	−0.198%	$5.4M	$18.8M	60x	as long as short
Bybit ARBUSDT	−0.0025%	8h	0.2212	−0.244%	$55.9M	$127.0M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0006%	1h	0.2213	−0.185%	$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	0.2214	−0.153%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2213	−0.185%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2214	−0.157%	$32K	—	150x	as long as short
Binance ARBUSDT	+0.0024%	8h	0.2212	−0.230%	$64.3M	$307.8M	75x	as long as short
Extended ARB-USD	+0.0024%	1h	0.2211	−0.259%	$354K	$2.5M	25x	as long as short
SoDEX ARB-USD	+0.0039%	1h	0.2213	−0.203%	$10K	$2.3M	5x	as long as short
BingX ARB-USDC	+0.0066%	8h	0.2213	−0.158%	—	$6.5M	—	as long as short
Bitget ARBUSDT	+0.0069%	8h	0.2212	−0.226%	$21.0M	$34.8M	50x	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2213	−0.195%	$140K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0094%	8h	0.2212	−0.217%	$3.1M	$2.6M	75x	as long as short
Lighter ARB	+0.0096%	1h	0.2213	−0.194%	$1.2M	$5.8M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2214	−0.140%	$38.0M	$48.9M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2213	−0.191%	$637K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2213	−0.185%	$43K	$169K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2214	−0.149%	$19.6M	$15.0M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2214	−0.156%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2214	−0.135%	$470K	$3.6M	10x	as long as short
ApeX Omni ARBUSDTlong	+0.0100%	1h	0.2217	long leg	$120K	$284K	50x
SunX ARB-USDT	+0.0100%	8h	0.2214	−0.135%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2212	−0.248%	$300K	$950K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2212	−0.226%	$5.0M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2216	−0.045%	$492K	$2.0M	50x	as long as short
RISEx ARB/USDC	+0.0225%	1h	0.2212	−0.206%	$470K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0159%	1h	0.2213	−0.182%	$834K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2211	−0.255%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0643%	1h	0.2215	−0.072%	$998K	$2.8M	20x	as long as short