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 −0.031%

Price spread now: Gate against BingX+0.087%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$183as in the Funding arb table

Net, price: spread back to 7d avg − costs−$167as in the Price arb table

costs, in and out, $10k−$1771.770% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 7 days−0.062%−$6 · spread now +0.087%, 7d avg −0.010%

Together, before fees−0.123%−$12 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 0.097% dearer against BingX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AR-USDT	4.5840	0.0100	pay 0.0100% / 8h	36m 36s	—	$2.9M	—
Short	Gate AR_USDT	4.5880	0.0100	get 0.0100% / 8h	36m 36s	$2.6M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.087%Rate

Funding earned: $0
Price spread: +0.087% → −0.010%: $9.75
Slippage, 4 orders: −$151.97
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$167.23
Costs to cover: 1.770%
Break-even: never at this rate

Slippage from BingX: live order book, 13 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 BingX live order book, 13 min ago	4.36 bp	17.0 bp −$17	31.6 bp −$316	330.8 bp −$33.1K	698.1 bp −$349.0K
Sell Gate live order book, 1 min ago	4.36 bp	73.3 bp −$73	253.4 bp −$2,534	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	−0.1963%	1h	4.5860	+0.043%	$52K	$163K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.5922	+0.178%	$590K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0006%	8h	4.5800	−0.087%	$2.4M	$20.9M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	−0.262%	$3K	$339	5.5x	as long as short
Binance ARUSDT	+0.0039%	8h	4.5860	+0.044%	$9.1M	$55.6M	75x	as long as short
Extended AR-USD	+0.0040%	1h	4.5829	−0.023%	$37K	$237K	10x	as long as short
MEXC AR_USDT	+0.0040%	8h	4.5840	0.000%	$6.7M	$4.4M	100x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5933	+0.203%	$4.1M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5830	−0.021%	$20K	$611K	10x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5829	−0.024%	$4.6M	$8.9M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AR_USDTshort	+0.0100%	8h	4.5880	+0.087%	$2.6M	$2.3M	50x
KuCoin ARUSDTM	+0.0100%	8h	4.5850	+0.022%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.5820	−0.044%	$3.9M	$5.6M	75x	as long as short
BingX AR-USDTlong	+0.0100%	8h	4.5840	long leg	—	$2.9M	—
Variational Omni AR	+0.0100%	8h	4.5719	−0.263%	$139K	$172K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5870	+0.065%	$58K	$747K	50x	as long as short
BloFin AR-USDT	+0.0160%	8h	4.5870	+0.065%	$435K	$676K	20x	as long as short