AR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h −0.024%

Price spread now: BloFin against BingX+0.045%51s7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$730.734% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 3 days (all we have)+0.251%+$25 · spread now +0.045%, 7d avg 0.000%

Together, before fees+0.318%+$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.045% dearer against BingX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of 0.000%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AR-USDT	4.4710	0.0100	pay 0.0100% / 8h	2h 38m	—	$2.9M	—
Short	BloFin AR-USDT	4.4730	0.0220	get 0.0220% / 8h	2h 38m	$420K	$669K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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 BingXbpFee BloFinbpOrdersPrice spread, now +0.045%Rate

Funding earned: $25.2
Price spread: +0.045% → 0.000%: $4.47
Slippage, 4 orders: −$51.39
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$43.72
Costs to cover: 0.734%
Break-even: 19.1 days

Slippage from BingX: live order book, 1 min ago; BloFin: live order book, 48 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 BingX live order book, 1 min ago	4.47 bp	21.3 bp −$21	50.4 bp −$504	427.0 bp −$42.7K	794.0 bp −$397.0K
Sell BloFin live order book, 48 min ago	6.65 bp	14.1 bp −$14	19.7 bp −$197	155.4 bp −$15.5K	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	−0.2007%	1h	4.4698	−0.026%	$46K	$155K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.4740	+0.068%	$575K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	+2.259%	$3K	$363	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.4797	+0.195%	$3.8M	$4.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.4684	−0.058%	$20K	$630K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.4720	+0.022%	$8.8M	$56.5M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.4720	+0.022%	$4.6M	$8.9M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.4670	−0.089%	$2.2M	$20.7M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.4690	−0.045%	$2.5M	$2.3M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.4720	+0.022%	$6.7M	$4.8M	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	4.4750	+0.089%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.4690	−0.045%	$3.8M	$5.6M	75x	as long as short
BingX AR-USDTlong	+0.0100%	8h	4.4710	long leg	—	$2.9M	—
Variational Omni AR	+0.0100%	8h	4.4670	−0.089%	$137K	$173K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.4700	−0.022%	$57K	$747K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.4714	+0.009%	$36K	$237K	10x	as long as short
BloFin AR-USDTshort	+0.0220%	8h	4.4730	+0.045%	$420K	$669K	20x