Funding arb · Price arb /

AR

all AR markets

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 −0.018%

Price spread now: Variational Omni against Bitget+0.147%7-day average −0.067% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.180%−$18 on $10k

Price spread, last 4 days (all we have)−0.125%−$13 · spread now +0.147%, 7d avg −0.067%

Together, before fees−0.305%+ Points / potential airdropVariational Omni: Active · farm board−$31 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: Variational Omni is 0.213% dearer against Bitget than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ARUSDT	4.5410	0.0100	pay 0.0100% / 8h	5h 18m	$4.0M	$5.2M	75x
Short	Variational Omni AR	4.5477	0.0100	get 0.0100% / 8h	5h 18m	$236K	$255K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.147%Rate

Funding earned: $0
Price spread: +0.147% → −0.067%: $21.34
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $9.34
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Bitget: live order book, 5 min ago; Variational Omni: RFQ quote, 45 min ago. Net counts fees only.

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, 5 min ago	3.30 bp	26.2 bp −$26	78.3 bp −$783	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 45 min ago	4.91 bp	doesn't fit	146.1 bp −$1,461	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
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.5471	+0.134%	$585K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0054%	8h	4.5380	−0.066%	$2.3M	$18.6M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5290	−0.264%	$548	$3K	5.5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5457	+0.103%	$19K	$492K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.5529	+0.262%	$9.1M	$51.2M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5501	+0.200%	$4.7M	$8.3M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.5450	+0.088%	$2.6M	$2.0M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.5550	+0.308%	$6.5M	$4.3M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5470	+0.132%	$1.2M	$1.2M	50x	as long as short
Bitget ARUSDTlong	+0.0100%	8h	4.5410	long leg	$4.0M	$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	4.5440	+0.066%	—	$2.8M	—	as long as short
Variational Omni ARshort	+0.0100%	8h	4.5477	+0.147%	$236K	$255K	—
ApeX Omni ARUSDT	+0.0100%	1h	4.5530	+0.264%	$20K	$724K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.5530	+0.265%	$38K	$235K	10x	as long as short
Hyperliquid AR	+0.0132%	1h	4.5598	+0.414%	$4.1M	$4.5M	5x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.5490	+0.176%	$431K	$495K	20x	as long as short
Kraken Futures PF_ARUSD	+0.1920%	1h	4.5539	+0.284%	$56K	$148K	20x	as long as short