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 0.000%

Price spread now: Bybit against BingX+0.018%7-day average −0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1321.322% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$12 on $10k

Price spread, last 7 days−0.030%−$3 · spread now +0.018%, 7d avg −0.052%

Together, before fees−0.145%−$15 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: Bybit is 0.070% dearer against BingX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AR-USDT	4.4660	0.0100	pay 0.0100% / 8h	1h 49m	—	$2.9M	—
Short	Bybit ARUSDT	4.4668	0.0100	get 0.0100% / 8h	1h 49m	$4.6M	$8.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → −0.052%: $6.98
Slippage, 4 orders: −$111.16
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$125.19
Costs to cover: 1.322%
Break-even: never at this rate

Slippage from BingX: live order book, 15 min ago; Bybit: live order book, 3 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, 15 min ago	4.50 bp	18.0 bp −$18	46.5 bp −$465	397.2 bp −$39.7K	767.6 bp −$383.8K
Sell Bybit live order book, 3 min ago	4.48 bp	44.4 bp −$44	156.6 bp −$1,566	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	−0.1937%	1h	4.4659	−0.003%	$46K	$154K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.4702	+0.094%	$574K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	+2.373%	$3K	$339	5.5x	as long as short
OKX AR-USDT-SWAP	+0.0090%	8h	4.4620	−0.090%	$2.2M	$20.4M	20x	as long as short
Extended AR-USD	+0.0096%	1h	4.4673	+0.029%	$36K	$237K	10x	as long as short
Binance ARUSDT	+0.0099%	8h	4.4672	+0.027%	$8.7M	$55.8M	75x	as long as short
Hyperliquid AR	+0.0100%	1h	4.4721	+0.137%	$3.8M	$4.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.4720	+0.135%	$20K	$621K	10x	as long as short
Bybit ARUSDTshort	+0.0100%	8h	4.4668	+0.018%	$4.6M	$8.9M	75x
Gate AR_USDT	+0.0100%	8h	4.4660	0.000%	$2.5M	$2.3M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AR_USDT	+0.0100%	8h	4.4680	+0.045%	$6.8M	$4.5M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.4680	+0.045%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.4660	0.000%	$3.8M	$5.6M	75x	as long as short
BingX AR-USDTlong	+0.0100%	8h	4.4660	long leg	—	$2.9M	—
Variational Omni AR	+0.0100%	8h	4.4641	−0.042%	$135K	$174K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.4700	+0.090%	$57K	$747K	50x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.4680	+0.045%	$418K	$667K	20x	as long as short