Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h −0.020%

Price spread now: Extended against Bitget−0.043%7-day average +0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

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

costs, in and out, $10k−$930.927% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.043%, 7d avg +0.059%

Together, before fees+0.028%+ Points / potential airdropExtended: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.102% cheaper against Bitget than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.059%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ARUSDT	4.5640	0.0100	pay 0.0100% / 8h	1h 01m	$3.9M	$5.6M	75x
Short	Extended AR-USD	4.5620	0.0064	get 0.0008% / 1h	1m 25s	$37K	$237K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.043%Rate

Funding earned: −$7.56
Price spread: −0.043% → +0.059%: −$10.18
Slippage, 4 orders: −$75.75
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$110.48
Costs to cover: 0.927%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Extended: live order book, 16 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, 2 min ago	4.39 bp	24.7 bp −$25	62.3 bp −$623	doesn't fit	doesn't fit
Sell Extended live order book, 16 min ago	6.90 bp	29.0 bp −$29	278.2 bp −$2,782	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	−0.1895%	1h	4.5658	+0.039%	$46K	$157K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.5712	+0.159%	$587K	—	50x	as long as short
OKX AR-USDT-SWAP	+0.0017%	8h	4.5660	+0.044%	$2.4M	$20.8M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	+0.175%	$3K	$339	5.5x	as long as short
MEXC AR_USDT	+0.0060%	8h	4.5680	+0.088%	$6.9M	$4.6M	100x	as long as short
Binance ARUSDT	+0.0061%	8h	4.5680	+0.088%	$9.0M	$55.6M	75x	as long as short
Extended AR-USDshort	+0.0064%	1h	4.5620	−0.043%	$37K	$237K	10x
Hyperliquid AR	+0.0100%	1h	4.5750	+0.241%	$4.1M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5633	−0.016%	$20K	$615K	10x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5680	+0.088%	$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	4.5670	+0.066%	$2.6M	$2.3M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5680	+0.088%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDTlong	+0.0100%	8h	4.5640	long leg	$3.9M	$5.6M	75x
BingX AR-USDT	+0.0100%	8h	4.5680	+0.088%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5729	+0.195%	$139K	$173K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5680	+0.088%	$58K	$748K	50x	as long as short
BloFin AR-USDT	+0.0187%	8h	4.5680	+0.088%	$427K	$673K	20x	as long as short