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

AR

all AR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0031%/8h= +3.4% APRnext payment +$0.31 per $10,000 · paid last 24h +0.021%
Price spread now: Bitget against Binance−0.172%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$700.700% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.088%+$9 on $10k
Price spread, last 7 days+0.129%+$13 · spread now −0.172%, 7d avg −0.060%
Together, before fees+0.217%+$22 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bitget is 0.112% cheaper against Binance than usual: you would sell low and buy high (spread −0.172% now, against its 7-day average of −0.060%). If the spread goes back, that is −$11 on $10k: about 12 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ARUSDT4.54180.0069pay 0.0069% / 8h6h 10m$9.1M$52.7M75x
ShortBitget ARUSDT4.53400.0100get 0.0100% / 8h6h 10m$3.9M$5.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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
$6.6
Price spread: −0.172% → −0.060%
−$11.17
Slippage, 4 orders
−$47.97
Fee Binance: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$74.54
Costs to cover
0.700%
Break-even
86.1 days
Slippage from Binance: live order book, 16 min ago; Bitget: live order book, 2 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, 16 min ago3.30 bp16.0 bp −$1659.6 bp −$596452.1 bp −$45.2Kdoesn't fit
Sell Bitget live order book, 2 min ago3.30 bp16.8 bp −$1744.0 bp −$440doesn't fitdoesn't fit

AR on 16 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−0.1680%1h4.5597+0.394%$56K$149K20xas long as short
Injective AR/USDC PERP−0.0353%1h4.6110+1.523%$2K$2K5.5xas long as short
GMX AR/USD [WBTC.b-USDC]L −0.0141% / S +0.0551%1h4.5416−0.004%$584K50xas long as short
OKX AR-USDT-SWAP−0.0107%8h4.5380−0.084%$2.3M$19.3M20xas long as short
MEXC AR_USDT+0.0067%8h4.5440+0.048%$6.5M$4.3M100xas long as short
Binance ARUSDTlong+0.0069%8h4.5418long leg$9.1M$52.7M75x
Extended AR-USD+0.0072%1h4.5419+0.001%$37K$240K10xas long as short
Hyperliquid AR+0.0100%1h4.5513+0.209%$4.1M$4.7M5xas long as short
Aster ARUSDT+0.0100%8h4.5469+0.113%$19K$500K10xas long as short
Bybit ARUSDT+0.0100%8h4.5380−0.084%$4.7M$8.5M75xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate AR_USDT+0.0100%8h4.5390−0.062%$2.5M$2.2M50xas long as short
KuCoin ARUSDTM+0.0100%8h4.5410−0.018%$1.4M$1.1M50xas long as short
Bitget ARUSDTshort+0.0100%8h4.5340−0.172%$3.9M$5.4M75x
BingX AR-USDT+0.0100%8h4.5400−0.040%$2.8Mas long as short
Variational Omni AR+0.0100%8h4.5387−0.068%$237K$261Kas long as short
ApeX Omni ARUSDT+0.0100%1h4.5520+0.224%$20K$749K50xas long as short