Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Bitget+0.046%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$1041.044% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.134%−$13 on $10k

Price spread, last 7 days−0.027%−$3 · spread now +0.046%, 7d avg −0.022%

Together, before fees−0.161%−$16 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 0.068% dearer against Bitget than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ARUSDT	4.3740	0.0100	pay 0.0100% / 8h	3h 34m	$3.8M	$5.2M	75x
Short	Bybit ARUSDT	4.3760	0.0100	get 0.0100% / 8h	3h 34m	$4.5M	$8.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → −0.022%: $6.79
Slippage, 4 orders: −$81.36
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$97.56
Costs to cover: 1.044%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago	4.58 bp	27.0 bp −$27	79.9 bp −$799	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	2.29 bp	24.3 bp −$24	145.2 bp −$1,452	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	−0.1236%	1h	4.3643	−0.222%	$59K	$148K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.3783	+0.097%	$563K	—	50x	as long as short
Aster ARUSDT	+0.0100%	8h	4.3719	−0.048%	$31K	$467K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.3782	+0.096%	$8.5M	$50.4M	75x	as long as short
Bybit ARUSDTshort	+0.0100%	8h	4.3760	+0.046%	$4.5M	$8.5M	75x
OKX AR-USDT-SWAP	+0.0100%	8h	4.3760	+0.046%	$2.2M	$17.4M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.3760	+0.046%	$2.4M	$1.9M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.3760	+0.046%	$6.0M	$4.2M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.3730	−0.023%	$1.1M	$1.3M	50x	as long as short
Bitget ARUSDTlong	+0.0100%	8h	4.3740	long leg	$3.8M	$5.2M	75x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AR-USDT	+0.0100%	8h	4.3770	+0.069%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.3302	−1.000%	$152K	$335K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.3450	−0.663%	$19K	$715K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.3744	+0.009%	$36K	$237K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.3690	−0.114%	$419K	$465K	20x	as long as short
Hyperliquid AR	+0.0355%	1h	4.3820	+0.183%	$3.7M	$4.4M	5x	as long as short
Injective AR/USDC PERP	+0.0433%	1h	4.4240	+1.143%	$2K	$5K	5.5x	as long as short