Settings8H · net · $10k
Funding arb · Price arb /

AR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0045%/8h= +4.9% APRnext payment +$0.45 per $10,000 · paid last 24h +0.021%
Price spread now: BingX against Binance0.000%7-day average −0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$610.605% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.056%+$6 on $10k
Price spread, last 7 days−0.024%−$2 · spread now 0.000%, 7d avg −0.031%
Together, before fees+0.032%+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BingX is 0.031% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.031%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ARUSDT4.57400.0055pay 0.0055% / 8h59m 54s$9.0M$55.6M75x
ShortBingX AR-USDT4.57400.0100get 0.0100% / 8h59m 54s$2.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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

Funding earned
$9.41
Price spread: 0.000% → −0.031%
$3.14
Slippage, 4 orders
−$40.5
Fee Binance: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$47.95
Costs to cover
0.605%
Break-even
42.7 days
Slippage from Binance: live order book, 12 min ago; BingX: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 12 min ago2.19 bp13.2 bp −$1354.9 bp −$549389.9 bp −$39.0Kdoesn't fit
Sell BingX live order book, 14 min ago4.39 bp16.4 bp −$1628.7 bp −$287268.6 bp −$26.9K684.9 bp −$342.5K

AR on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ARUSD−0.1892%1h4.5729−0.025%$46K$157K20xas long as short
GMX AR/USD [WBTC.b-USDC]L −0.0140% / S +0.0551%1h4.5746+0.013%$588K50xas long as short
OKX AR-USDT-SWAP+0.0016%8h4.5710−0.066%$2.4M$20.8M20xas long as short
Injective AR/USDC PERP+0.0033%1h4.5720−0.044%$3K$3395.5xas long as short
Binance ARUSDTlong+0.0055%8h4.5740long leg$9.0M$55.6M75x
Extended AR-USD+0.0056%1h4.57400.000%$37K$237K10xas long as short
MEXC AR_USDT+0.0060%8h4.57400.000%$6.9M$4.6M100xas long as short
Hyperliquid AR+0.0100%1h4.5855+0.251%$4.1M$4.9M5xas long as short
Aster ARUSDT+0.0100%8h4.5719−0.047%$20K$615K10xas long as short
Bybit ARUSDT+0.0100%8h4.5750+0.022%$4.7M$8.9M75xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate AR_USDT+0.0100%8h4.5770+0.066%$2.6M$2.3M50xas long as short
KuCoin ARUSDTM+0.0100%8h4.57400.000%$1.4M$1.2M50xas long as short
Bitget ARUSDT+0.0100%8h4.5710−0.066%$3.9M$5.6M75xas long as short
BingX AR-USDTshort+0.0100%8h4.57400.000%$2.9M
Variational Omni AR+0.0100%8h4.5609−0.287%$139K$173Kas long as short
ApeX Omni ARUSDT+0.0100%1h4.5680−0.131%$58K$748K50xas long as short
BloFin AR-USDT+0.0181%8h4.5690−0.109%$427K$673K20xas long as short