Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0142%/8h= +15.5% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Variational Omni+0.029%7-day average +0.030% · 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)+0.048%+$5 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now +0.029%, 7d avg +0.030%

Together, before fees+0.094%+ Points / potential airdropVariational Omni: Active · farm board+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ARB	0.2196	−0.0042	get 0.0042% / 8h	1h 05m	$1.8M	$3.0M	—
Short	ApeX Omni ARBUSDT	0.2197	0.0100	get 0.0013% / 1h	5m 21s	$119K	$280K	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

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 Variational OmnibpFee ApeX OmnibpOrdersPrice spread, now +0.029%Rate

Funding earned: $29.81
Price spread: +0.029% → +0.030%: −$0.07
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: $19.75
Costs to cover: 0.100%
Break-even: 2.4 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; ApeX Omni: live order book, 37 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, 4 min ago	4.55 bp	doesn't fit	18.2 bp −$182	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 37 min ago	11.29 bp	19.7 bp −$20	124.3 bp −$1,243	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	−0.1592%	1h	0.2189	−0.335%	$39K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0168%	1h	0.2198	+0.079%	$67K	$2.1M	10x	as long as short
01 Exchange ARBUSD	−0.0160%	1h	0.2196	−0.017%	$7K	$236	10x	as long as short
SoDEX ARB-USD	−0.0103%	1h	0.2197	+0.024%	$9K	$2.2M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0089%	8h	0.2198	+0.084%	$22.1M	$145.0M	50x	as long as short
MEXC ARB_USDT	−0.0088%	8h	0.2198	+0.088%	$42.3M	$62.4M	200x	as long as short
Variational Omni ARBlong	−0.0042%	8h	0.2196	long leg	$1.8M	$3.0M	—
Orderly PERP_ARB_USDC	−0.0038%	8h	0.2198	+0.074%	$12K	$408K	10x	as long as short
Bybit ARBUSDT	−0.0009%	8h	0.2198	+0.070%	$54.0M	$126.3M	50x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2198	+0.064%	$65K	$5K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2198	+0.061%	$28K	$38K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2199	+0.105%	$44K	—	150x	as long as short
Gate ARB_USDT	+0.0017%	8h	0.2198	+0.093%	$5.4M	$18.5M	60x	as long as short
Binance ARBUSDT	+0.0030%	8h	0.2198	+0.088%	$62.9M	$301.7M	75x	as long as short
Extended ARB-USD	+0.0032%	1h	0.2197	+0.029%	$350K	$2.9M	25x	as long as short
RISEx ARB/USDC	+0.0056%	1h	0.2199	+0.106%	$485K	$2.6M	10x	as long as short
BingX ARB-USDC	+0.0068%	8h	0.2198	+0.061%	—	$6.5M	—	as long as short
Bitget ARBUSDT	+0.0072%	8h	0.2198	+0.074%	$21.2M	$34.7M	50x	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2199	+0.116%	$139K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2198	+0.065%	$1.2M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2200	+0.184%	$37.2M	$49.2M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2199	+0.101%	$632K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2200	+0.145%	$43K	$148K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2198	+0.084%	$19.5M	$14.2M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2197	+0.052%	$39K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2199	+0.119%	$478K	$3.6M	10x	as long as short
ApeX Omni ARBUSDTshort	+0.0100%	1h	0.2197	+0.029%	$119K	$280K	50x
SunX ARB-USDT	+0.0100%	8h	0.2201	+0.211%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2198	+0.079%	$293K	$857K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2197	+0.029%	$4.9M	$12.8M	50x	as long as short
BloFin ARB-USDT	+0.0141%	8h	0.2200	+0.170%	$3.0M	$2.3M	75x	as long as short
Kraken Futures PF_ARBUSD	+0.0232%	1h	0.2198	+0.091%	$1.1M	$4.4M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2199	+0.124%	$830K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2204	+0.334%	$525K	$1.5M	50x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2198	+0.076%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0586%	1h	0.2201	+0.229%	$989K	$2.8M	20x	as long as short