Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.021%

Price spread now: Extended against BingX−0.012%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

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

costs, in and out, $10k−$990.993% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now −0.012%, 7d avg +0.025%

Together, before fees−0.145%+ Points / potential airdropExtended: Active · farm board−$14 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 0.037% cheaper against BingX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AR-USDT	4.4690	0.0100	pay 0.0100% / 8h	2h 13m	—	$2.9M	—
Short	Extended AR-USD	4.4685	0.0104	get 0.0013% / 1h	13m 06s	$36K	$237K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.012%Rate

Funding earned: $0.84
Price spread: −0.012% → +0.025%: −$3.68
Slippage, 4 orders: −$84.26
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$102.11
Costs to cover: 0.993%
Break-even: 857.9 days

Slippage from BingX: live order book, 6 min ago; Extended: live order book, 9 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, 6 min ago	2.24 bp	18.0 bp −$18	49.7 bp −$497	395.1 bp −$39.5K	756.8 bp −$378.4K
Sell Extended live order book, 9 min ago	6.79 bp	30.2 bp −$30	232.2 bp −$2,322	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	−0.2006%	1h	4.4715	+0.055%	$46K	$155K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.4732	+0.094%	$575K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	+2.305%	$3K	$363	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.4778	+0.197%	$3.8M	$4.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.4748	+0.130%	$20K	$621K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.4677	−0.029%	$8.7M	$56.0M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.4693	+0.007%	$4.6M	$8.9M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.4680	−0.022%	$2.2M	$20.6M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.4690	0.000%	$2.5M	$2.3M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.4690	0.000%	$6.8M	$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	4.4720	+0.067%	$1.4M	$1.1M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.4680	−0.022%	$3.8M	$5.6M	75x	as long as short
BingX AR-USDTlong	+0.0100%	8h	4.4690	long leg	—	$2.9M	—
Variational Omni AR	+0.0100%	8h	4.4693	+0.007%	$137K	$172K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.4760	+0.157%	$57K	$747K	50x	as long as short
Extended AR-USDshort	+0.0104%	1h	4.4685	−0.012%	$36K	$237K	10x
BloFin AR-USDT	+0.0220%	8h	4.4660	−0.067%	$420K	$667K	20x	as long as short