Settings8H · net · $10k
Funding arb · Price arb /

AR

all AR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h +0.004%
Price spread now: Extended against BloFin−0.189%74s7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$910.914% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.100%−$10 on $10k
Price spread, last 4 days (all we have)−0.058%−$6 · spread now −0.189%, 7d avg +0.040%
Together, before fees−0.159%+ Points / potential airdropExtended: Active · farm board−$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.228% cheaper against BloFin than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.040%). Swap the legs. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin AR-USDT4.38400.0220pay 0.0220% / 8h3h 11m$414K$471K20x
ShortExtended AR-USD4.37570.0104get 0.0013% / 1h11m 56s$36K$237K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
−$24.36
Price spread: −0.189% → +0.040%
−$22.84
Slippage, 4 orders
−$74.35
Fee BloFin: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$138.55
Costs to cover
0.914%
Break-even
never at this rate
Slippage from BloFin: live order book, 19 min ago; Extended: live order book, 40 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 19 min ago1.14 bp17.9 bp −$1839.0 bp −$390doesn't fitdoesn't fit
Sell Extended live order book, 40 min ago5.09 bp28.0 bp −$28289.7 bp −$2,897doesn't fitdoesn't fit

AR on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ARUSD−0.1233%1h4.3755−0.194%$59K$143K20xas long as short
GMX AR/USD [WBTC.b-USDC]L −0.0141% / S +0.0551%1h4.3772−0.155%$563K50xas long as short
Aster ARUSDT+0.0100%8h4.3796−0.100%$30K$467K10xas long as short
Binance ARUSDT+0.0100%8h4.3794−0.104%$8.6M$50.3M75xas long as short
Bybit ARUSDT+0.0100%8h4.3780−0.137%$4.4M$8.5M75xas long as short
OKX AR-USDT-SWAP+0.0100%8h4.3790−0.114%$2.2M$17.3M20xas long as short
Gate AR_USDT+0.0100%8h4.3770−0.160%$2.4M$1.9M50xas long as short
MEXC AR_USDT+0.0100%8h4.3770−0.160%$6.0M$4.2M100xas long as short
KuCoin ARUSDTM+0.0100%8h4.3790−0.114%$1.1M$1.3M50xas long as short
Bitget ARUSDT+0.0100%8h4.3790−0.114%$3.8M$5.2M75xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX AR-USDT+0.0100%8h4.3790−0.114%$2.8Mas long as short
Variational Omni AR+0.0100%8h4.3977+0.313%$234K$414Kas long as short
ApeX Omni ARUSDT+0.0100%1h4.4040+0.456%$19K$713K50xas long as short
Extended AR-USDshort+0.0104%1h4.3757−0.189%$36K$237K10x
BloFin AR-USDTlong+0.0220%8h4.3840long leg$414K$471K20x
Hyperliquid AR+0.0264%1h4.3834−0.014%$3.7M$4.4M5xas long as short
Injective AR/USDC PERP+0.0433%1h4.4240+0.912%$2K$5K5.5xas long as short