Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.012%

Price spread now: ApeX Omni against Gate−0.153%81s7-day average +0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as 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−$720.724% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.152%+$15 on $10k

Price spread, last 4 days (all we have)+0.629%+$63 · spread now −0.153%, 7d avg +0.049%

Together, before fees+0.781%+$78 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.202% cheaper against Gate than usual: you would sell low and buy high (spread −0.153% now, against its 7-day average of +0.049%). If the spread goes back, that is −$20 on $10k: about 4.8 days of funding at the current rate (+$4 a day). The two prices were read 81 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	Gate ARB_USDT	0.2227	−0.0040	get 0.0040% / 8h	5h 59m	$5.4M	$20.0M	60x
Short	ApeX Omni ARBUSDT	0.2224	0.0100	get 0.0013% / 1h	59m 58s	$120K	$285K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now −0.153%Rate

Funding earned: $29.4
Price spread: −0.153% → +0.049%: −$20.17
Slippage, 4 orders: −$47.44
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$63.21
Costs to cover: 0.724%
Break-even: 22.0 days

Slippage from Gate: live order book, 4 min ago; ApeX Omni: live order book, 2 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 Gate live order book, 4 min ago	0.67 bp	15.6 bp −$16	30.8 bp −$308	84.7 bp −$8,466	doesn't fit
Sell ApeX Omni live order book, 2 min ago	9.00 bp	19.1 bp −$19	108.0 bp −$1,080	doesn't fit	doesn't fit

ARB on 35 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	−0.1692%	1h	0.2213	−0.646%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0208%	1h	0.2228	+0.027%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0204%	1h	0.2227	−0.004%	$10K	$2.4M	5x	as long as short
Variational Omni ARB	−0.0151%	8h	0.2224	−0.172%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAP	−0.0134%	8h	0.2228	+0.027%	$22.5M	$154.9M	50x	as long as short
MEXC ARB_USDT	−0.0132%	8h	0.2227	−0.036%	$38.9M	$60.3M	200x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0109%	1h	0.2228	+0.013%	$25K	$34K	25x	as long as short
Orderly PERP_ARB_USDC	−0.0070%	8h	0.2227	−0.018%	$12K	$383K	10x	as long as short
Bybit ARBUSDT	−0.0042%	8h	0.2228	+0.009%	$56.7M	$127.6M	50x	as long as short
Gate ARB_USDTlong	−0.0040%	8h	0.2227	long leg	$5.4M	$20.0M	60x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2226	−0.074%	$66K	$5K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2227	−0.002%	$353K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0002%	8h	0.2229	+0.058%	$64.9M	$313.2M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2228	+0.039%	$10K	—	150x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2228	+0.035%	$141K	$7K	3x	as long as short
Phemex ARBUSDT	+0.0088%	8h	0.2226	−0.063%	$5.0M	$13.0M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2227	0.000%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2229	+0.054%	$38.8M	$51.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2227	−0.013%	$661K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2225	−0.110%	$42K	$183K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2228	+0.022%	$19.7M	$15.7M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2228	+0.027%	$21.3M	$35.9M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	0.2227	−0.018%	—	$54.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2225	−0.107%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2226	−0.069%	$482K	$3.6M	10x	as long as short
ApeX Omni ARBUSDTshort	+0.0100%	1h	0.2224	−0.153%	$120K	$285K	50x
Polymarket Perps ARB-USD	+0.0100%	1h	0.2228	+0.027%	$85K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2231	+0.162%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2225	−0.103%	$298K	$976K	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2227	−0.009%	$509K	$2.1M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2228	+0.033%	$831K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2226	−0.067%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0310%	1h	0.2229	+0.063%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2227	−0.028%	$490K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0544%	1h	0.2231	+0.148%	$1.0M	$2.8M	20x	as long as short