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: BingX against Bitget+0.088%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$700.698% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 7 days−0.082%−$8 · spread now +0.088%, 7d avg +0.027%

Together, before fees−0.111%−$11 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: BingX is 0.061% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ARUSDT	4.5610	0.0100	pay 0.0100% / 8h	1h 02m	$3.9M	$5.6M	75x
Short	BingX AR-USDT	4.5650	0.0100	get 0.0100% / 8h	1h 02m	—	$2.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now +0.088%Rate

Funding earned: $0
Price spread: +0.088% → +0.027%: $6.12
Slippage, 4 orders: −$47.82
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$63.7
Costs to cover: 0.698%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; BingX: live order book, 12 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 Bitget live order book, 1 min ago	4.39 bp	24.7 bp −$25	62.3 bp −$623	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	4.39 bp	16.4 bp −$16	28.7 bp −$287	268.6 bp −$26.9K	684.9 bp −$342.5K

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	−0.1895%	1h	4.5658	+0.105%	$46K	$157K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.5694	+0.184%	$587K	—	50x	as long as short
OKX AR-USDT-SWAP	+0.0022%	8h	4.5620	+0.022%	$2.4M	$20.8M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	+0.241%	$3K	$339	5.5x	as long as short
Binance ARUSDT	+0.0061%	8h	4.5630	+0.044%	$9.0M	$55.6M	75x	as long as short
Extended AR-USD	+0.0064%	1h	4.5634	+0.054%	$37K	$237K	10x	as long as short
MEXC AR_USDT	+0.0067%	8h	4.5650	+0.088%	$6.8M	$4.6M	100x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5750	+0.307%	$4.1M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5649	+0.086%	$20K	$615K	10x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5635	+0.055%	$4.7M	$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_USDT	+0.0100%	8h	4.5680	+0.153%	$2.6M	$2.3M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5690	+0.175%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDTlong	+0.0100%	8h	4.5610	long leg	$3.9M	$5.6M	75x
BingX AR-USDTshort	+0.0100%	8h	4.5650	+0.088%	—	$2.9M	—
Variational Omni AR	+0.0100%	8h	4.5729	+0.261%	$139K	$173K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5820	+0.460%	$58K	$749K	50x	as long as short
BloFin AR-USDT	+0.0187%	8h	4.5680	+0.153%	$427K	$673K	20x	as long as short