Funding arb · Price arb /

AR

all AR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h +0.019%

Price spread now: Injective against BloFin−0.565%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Injective is 0.565% cheaper against BloFin than usual: you would sell low and buy high (−$57 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AR-USDT	4.5980	0.0046	pay 0.0046% / 8h	7h 15m	$440K	$539K	20x
Short	Injective AR/USDC PERP	4.5720	0.0033	get 0.0004% / 1h	15m 44s	$3K	$239	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.565%Rate

Funding earned: −$2.72
Price spread: −0.565% → 0.000%: −$56.55
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$71.29
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 56 min ago; Injective: no order-book sample. 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 BloFin live order book, 56 min ago	3.25 bp	19.1 bp −$19	37.3 bp −$373	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.2401%	1h	4.6003	+0.049%	$52K	$135K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.6010	+0.064%	$592K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0134%	8h	4.5980	0.000%	$2.4M	$19.9M	20x	as long as short
MEXC AR_USDT	−0.0002%	8h	4.5990	+0.022%	$6.5M	$4.4M	100x	as long as short
Binance ARUSDT	0.0000%	8h	4.5990	+0.022%	$9.2M	$53.4M	75x	as long as short
Extended AR-USD	0.0000%	1h	4.5980	0.000%	$38K	$240K	10x	as long as short
Injective AR/USDC PERPshort	+0.0033%	1h	4.5720	−0.565%	$3K	$239	5.5x
BloFin AR-USDTlong	+0.0046%	8h	4.5980	long leg	$440K	$539K	20x
Hyperliquid AR	+0.0100%	1h	4.6069	+0.194%	$4.3M	$4.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.6031	+0.110%	$21K	$510K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ARUSDT	+0.0100%	8h	4.5990	+0.022%	$4.6M	$8.5M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.6010	+0.065%	$2.6M	$2.2M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.6010	+0.065%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.6000	+0.043%	$4.0M	$5.4M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5980	0.000%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.6023	+0.093%	$143K	$168K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.6380	+0.870%	$23K	$741K	50x	as long as short