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 −0.010%

Price spread now: Gate against Binance−0.112%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$195as in the Funding arb table

Net, price: spread back to 7d avg − costs−$201as in the Price arb table

costs, in and out, $10k−$1941.939% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 7 days+0.083%+$8 · spread now −0.112%, 7d avg −0.042%

Together, before fees+0.077%+$8 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: Gate is 0.070% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ARUSDT	4.4780	0.0100	pay 0.0100% / 8h	1h 56m	$8.8M	$55.7M	75x
Short	Gate AR_USDT	4.4730	0.0100	get 0.0100% / 8h	1h 56m	$2.5M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.112%Rate

Funding earned: $0
Price spread: −0.112% → −0.042%: −$6.97
Slippage, 4 orders: −$168.95
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$200.91
Costs to cover: 1.939%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; Gate: live order book, 1 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, 15 min ago	1.12 bp	13.2 bp −$13	68.4 bp −$684	518.6 bp −$51.9K	doesn't fit
Sell Gate live order book, 1 min ago	4.49 bp	90.3 bp −$90	256.8 bp −$2,568	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	−0.1942%	1h	4.4554	−0.504%	$46K	$154K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.4538	−0.541%	$572K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	+2.099%	$3K	$339	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.4800	+0.045%	$3.8M	$4.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.4737	−0.095%	$20K	$621K	10x	as long as short
Binance ARUSDTlong	+0.0100%	8h	4.4780	long leg	$8.8M	$55.7M	75x
Bybit ARUSDT	+0.0100%	8h	4.4760	−0.045%	$4.6M	$8.9M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.4740	−0.089%	$2.2M	$20.5M	20x	as long as short
Gate AR_USDTshort	+0.0100%	8h	4.4730	−0.112%	$2.5M	$2.3M	50x
MEXC AR_USDT	+0.0100%	8h	4.4770	−0.022%	$6.8M	$4.5M	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ARUSDTM	+0.0100%	8h	4.4770	−0.022%	$1.4M	$1.1M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.4720	−0.134%	$3.8M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.4720	−0.134%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.4423	−0.796%	$135K	$174K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.4440	−0.759%	$56K	$748K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.4680	−0.224%	$36K	$237K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.4480	−0.670%	$419K	$662K	20x	as long as short