Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.029%

Price spread now: BingX against Aster−0.150%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$990.986% of the position

Long on Aster Short on BingX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+0.021%+$2 · spread now −0.150%, 7d avg −0.048%

Together, before fees+0.027%+ Points / potential airdropAster: Stage 5 · farm board+$3 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: BingX is 0.102% cheaper against Aster than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ARUSDT	4.6310	0.0100	pay 0.0100% / 8h	15m 57s	$20K	$606K	10x
Short	BingX AR-USDT	4.6240	0.0100	get 0.0100% / 8h	15m 57s	—	$2.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Aster. 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 AsterbpFee BingXbpOrdersPrice spread, now −0.150%Rate

Funding earned: $0
Price spread: −0.150% → −0.048%: −$10.2
Slippage, 4 orders: −$80.64
Fee Aster: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$108.84
Costs to cover: 0.986%
Break-even: never at this rate

Slippage from Aster: live order book, 62 min ago; BingX: live order book, 4 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 Aster live order book, 62 min ago	10.96 bp	36.6 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	3.24 bp	20.0 bp −$20	34.0 bp −$340	295.1 bp −$29.5K	709.6 bp −$354.8K

AR on 17 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
Kraken Futures PF_ARUSD	−0.1947%	1h	4.6239	−0.153%	$52K	$163K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.6293	−0.037%	$595K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0054%	8h	4.6190	−0.258%	$2.4M	$21.1M	20x	as long as short
Extended AR-USD	+0.0016%	1h	4.6264	−0.098%	$38K	$237K	10x	as long as short
Binance ARUSDT	+0.0017%	8h	4.6290	−0.042%	$9.3M	$55.6M	75x	as long as short
MEXC AR_USDT	+0.0019%	8h	4.6290	−0.042%	$6.7M	$4.5M	100x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	−1.273%	$3K	$339	5.5x	as long as short
ApeX Omni ARUSDT	+0.0060%	1h	4.6410	+0.217%	$23K	$765K	50x	as long as short
BloFin AR-USDT	+0.0076%	8h	4.6230	−0.172%	$437K	$681K	20x	as long as short
Hyperliquid AR	+0.0100%	1h	4.6370	+0.130%	$4.3M	$4.9M	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ARUSDTlong	+0.0100%	8h	4.6310	long leg	$20K	$606K	10x
Bybit ARUSDT	+0.0100%	8h	4.6222	−0.189%	$4.6M	$8.9M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.6270	−0.086%	$2.6M	$2.3M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.6250	−0.129%	$1.5M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.6230	−0.172%	$4.0M	$5.7M	75x	as long as short
BingX AR-USDTshort	+0.0100%	8h	4.6240	−0.150%	—	$2.9M	—
Variational Omni AR	+0.0100%	8h	4.6198	−0.240%	$144K	$176K	—	as long as short