Funding you earn now, next payment 00:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h +0.024%
Price spread now: Bitget against BloFin+0.809%105s7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$730.725% of the position
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 3 days (all we have)−1.049%−$105 · spread now +0.809%, 7d avg −0.029%
=The price spread pays, funding is against you. Bitget is 0.839% dearer against BloFin than usual: you sell high and buy low (spread +0.809% now, against its 7-day average of −0.029%): +$84 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 23 days. At the pace of the last 7 days (−0.038% in total) that is about 5 months. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin AR-USDT | 4.4480 | 0.0220 | pay 0.0220% / 8h | 1h 55m | $419K | $662K | 20x |
| Short | Bitget ARUSDT | 4.4840 | 0.0100 | get 0.0100% / 8h | 1h 55m | $3.8M | $5.6M | 75x |
BloFin AR-USDT
Bitget ARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$25.2
- Price spread: +0.809% → −0.029%
- $83.85
- Slippage, 4 orders
- −$48.52
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$13.87
- Costs to cover
- 0.725%
- Break-even
- from the start
Slippage from BloFin: live order book, 26 min ago; Bitget: live order book, 3 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, 26 min ago | 2.23 bp | 12.7 bp −$13 | 41.0 bp −$410 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 4.50 bp | 22.0 bp −$22 | 50.5 bp −$505 | 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 | −0.1931% | 1h | 4.4812 | +0.745% | $46K | $154K | 20x | as long as short |
| GMX AR/USD [WBTC.b-USDC] | L −0.0140% / S +0.0551% | 1h | 4.4754 | +0.615% | $575K | — | 50x | as long as short |
| Injective AR/USDC PERP | +0.0033% | 1h | 4.5720 | +2.788% | $3K | $339 | 5.5x | as long as short |
| Hyperliquid AR | +0.0100% | 1h | 4.4955 | +1.068% | $3.8M | $4.8M | 5x | as long as short |
| Aster ARUSDT | +0.0100% | 8h | 4.4870 | +0.877% | $20K | $621K | 10x | as long as short |
| Binance ARUSDT | +0.0100% | 8h | 4.4880 | +0.899% | $8.8M | $55.7M | 75x | as long as short |
| Bybit ARUSDT | +0.0100% | 8h | 4.4880 | +0.899% | $4.6M | $8.9M | 75x | as long as short |
| OKX AR-USDT-SWAP | +0.0100% | 8h | 4.4840 | +0.809% | $2.2M | $20.6M | 20x | as long as short |
| Gate AR_USDT | +0.0100% | 8h | 4.4870 | +0.877% | $2.5M | $2.3M | 50x | as long as short |
| MEXC AR_USDT | +0.0100% | 8h | 4.4870 | +0.877% | $6.8M | $4.5M | 100x | as long as short |
Kraken Futures PF_ARUSD
GMX AR/USD [WBTC.b-USDC]
Injective AR/USDC PERP
Hyperliquid AR
Aster ARUSDT
Binance ARUSDT
Bybit ARUSDT
OKX AR-USDT-SWAP
Gate AR_USDT
MEXC AR_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ARUSDTM | +0.0100% | 8h | 4.4900 | +0.944% | $1.4M | $1.1M | 50x | as long as short |
| Bitget ARUSDTshort | +0.0100% | 8h | 4.4840 | +0.809% | $3.8M | $5.6M | 75x | |
| BingX AR-USDT | +0.0100% | 8h | 4.4870 | +0.877% | — | $2.9M | — | as long as short |
| Variational Omni AR | +0.0100% | 8h | 4.4423 | −0.127% | $135K | $174K | — | as long as short |
| ApeX Omni ARUSDT | +0.0100% | 1h | 4.4540 | +0.135% | $56K | $748K | 50x | as long as short |
| Extended AR-USD | +0.0104% | 1h | 4.4864 | +0.863% | $36K | $237K | 10x | as long as short |
| BloFin AR-USDTlong | +0.0220% | 8h | 4.4480 | long leg | $419K | $662K | 20x |
KuCoin ARUSDTM
BingX AR-USDT
Variational Omni AR
ApeX Omni ARUSDT
Extended AR-USD