Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h +0.002%

Price spread now: Extended against Binance−0.127%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$910.911% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 4 days (all we have)+0.145%+$14 · spread now −0.127%, 7d avg −0.004%

Together, before fees+0.158%+ Points / potential airdropExtended: Active · farm board+$16 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: Extended is 0.123% cheaper against Binance than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ARUSDT	4.4931	0.0005	pay 0.0005% / 8h	6h 54m	$8.9M	$53.4M	75x
Short	Extended AR-USD	4.4874	0.0008	get 0.0001% / 1h	54m 41s	$37K	$243K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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

Position, each leg$Hold fordaysFee BinancebpFee ExtendedbpOrdersPrice spread, now −0.127%Rate

Funding earned: $0.58
Price spread: −0.127% → −0.004%: −$12.33
Slippage, 4 orders: −$76.15
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$102.9
Costs to cover: 0.911%
Break-even: 1254.3 days

Slippage from Binance: live order book, 3 min ago; Extended: live order book, 12 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 Binance live order book, 3 min ago	1.11 bp	14.7 bp −$15	59.8 bp −$598	428.1 bp −$42.8K	doesn't fit
Sell Extended live order book, 12 min ago	6.96 bp	27.8 bp −$28	259.0 bp −$2,590	doesn't fit	doesn't fit

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	−0.1701%	1h	4.5052	+0.267%	$55K	$148K	20x	as long as short
Injective AR/USDC PERP	−0.0353%	1h	4.6110	+2.623%	$2K	$2K	5.5x	as long as short
OKX AR-USDT-SWAP	−0.0150%	8h	4.4830	−0.226%	$2.3M	$19.4M	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.4881	−0.111%	$577K	—	50x	as long as short
MEXC AR_USDT	+0.0004%	8h	4.4880	−0.114%	$6.1M	$4.2M	100x	as long as short
Binance ARUSDTlong	+0.0005%	8h	4.4931	long leg	$8.9M	$53.4M	75x
Extended AR-USDshort	+0.0008%	1h	4.4874	−0.127%	$37K	$243K	10x
BloFin AR-USDT	+0.0016%	8h	4.4910	−0.048%	$432K	$526K	20x	as long as short
Hyperliquid AR	+0.0100%	1h	4.4995	+0.141%	$4.1M	$4.7M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.4848	−0.185%	$26K	$500K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ARUSDT	+0.0100%	8h	4.4858	−0.163%	$4.5M	$8.5M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.4860	−0.159%	$2.5M	$2.1M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.4940	+0.019%	$1.4M	$1.1M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.4860	−0.159%	$3.8M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.4860	−0.159%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5018	+0.193%	$140K	$165K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5300	+0.820%	$23K	$743K	50x	as long as short