AR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.96 per $10,000 · paid last 24h −0.021%

Price spread now: Binance against Bybit+0.062%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1171.166% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 7 days−0.057%−$6 · spread now +0.062%, 7d avg +0.083%

Together, before fees−0.010%−$1 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 Binance is 0.021% cheaper against Bybit than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.083%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARUSDT	4.4852	0.0100	pay 0.0100% / 8h	6h 55m	$4.5M	$8.5M	75x
Short	Binance ARUSDT	4.4880	0.0004	get 0.0004% / 8h	6h 55m	$8.9M	$53.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.062%Rate

Funding earned: −$20.16
Price spread: +0.062% → +0.083%: −$2.05
Slippage, 4 orders: −$95.59
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$138.8
Costs to cover: 1.166%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 2 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 Bybit live order book, 3 min ago	2.20 bp	40.1 bp −$40	161.3 bp −$1,613	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	1.11 bp	19.6 bp −$20	57.6 bp −$576	297.9 bp −$29.8K	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	−0.1693%	1h	4.5240	+0.865%	$55K	$148K	20x	as long as short
Injective AR/USDC PERP	−0.0353%	1h	4.6110	+2.805%	$2K	$2K	5.5x	as long as short
OKX AR-USDT-SWAP	−0.0150%	8h	4.4860	+0.018%	$2.3M	$19.4M	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.4881	+0.066%	$577K	—	50x	as long as short
MEXC AR_USDT	+0.0004%	8h	4.4870	+0.040%	$6.0M	$4.2M	100x	as long as short
Binance ARUSDTshort	+0.0004%	8h	4.4880	+0.062%	$8.9M	$53.4M	75x
Extended AR-USD	+0.0008%	1h	4.4966	+0.254%	$37K	$243K	10x	as long as short
BloFin AR-USDT	+0.0016%	8h	4.5180	+0.731%	$434K	$528K	20x	as long as short
Hyperliquid AR	+0.0100%	1h	4.4895	+0.096%	$4.0M	$4.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.4899	+0.104%	$26K	$500K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ARUSDTlong	+0.0100%	8h	4.4852	long leg	$4.5M	$8.5M	75x
Gate AR_USDT	+0.0100%	8h	4.4860	+0.018%	$2.5M	$2.1M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.4850	−0.004%	$1.4M	$1.1M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.4820	−0.071%	$3.9M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.4880	+0.062%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5018	+0.370%	$140K	$165K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5300	+0.999%	$23K	$743K	50x	as long as short