AR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h +0.018%

Price spread now: BingX against BloFin−0.306%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$600.600% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 4 days (all we have)+0.084%+$8 · spread now −0.306%, 7d avg +0.009%

Together, before fees+0.028%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BingX is 0.314% cheaper against BloFin than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of +0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AR-USDT	4.2510	0.0220	pay 0.0220% / 8h	1h 44m	$414K	$458K	20x
Short	BingX AR-USDT	4.2380	0.0100	get 0.0100% / 8h	1h 44m	—	$2.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against BloFin. 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 BloFinbpFee BingXbpOrdersPrice spread, now −0.306%Rate

Funding earned: −$25.2
Price spread: −0.306% → +0.009%: −$31.45
Slippage, 4 orders: −$38.02
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$116.67
Costs to cover: 0.600%
Break-even: never at this rate

Slippage from BloFin: live order book, 41 min ago; BingX: live order book, 5 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 BloFin live order book, 41 min ago	1.20 bp	19.7 bp −$20	37.7 bp −$377	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	4.75 bp	20.9 bp −$21	50.5 bp −$505	338.3 bp −$33.8K	675.6 bp −$337.8K

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	−0.2670%	1h	4.2269	−0.567%	$52K	$184K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.2355	−0.365%	$543K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+4.070%	$2K	$5K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.2350	−0.376%	$3.4M	$4.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.2395	−0.270%	$42K	$450K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.2406	−0.244%	$8.4M	$52.3M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.2433	−0.181%	$4.2M	$9.3M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.2430	−0.188%	$2.2M	$17.1M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.2330	−0.423%	$2.0M	$3.4M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.2370	−0.329%	$6.0M	$4.2M	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ARUSDTM	+0.0100%	8h	4.2320	−0.447%	$1.1M	$1.3M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.2400	−0.259%	$3.7M	$5.5M	75x	as long as short
BingX AR-USDTshort	+0.0100%	8h	4.2380	−0.306%	—	$2.8M	—
Variational Omni AR	+0.0100%	8h	4.2098	−0.970%	$238K	$628K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.2190	−0.753%	$20K	$715K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.2377	−0.312%	$35K	$243K	10x	as long as short
BloFin AR-USDTlong	+0.0220%	8h	4.2510	long leg	$414K	$458K	20x