Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Bybit−0.013%7-day average +0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

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

costs, in and out, $10k−$1131.125% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.115%+$12 on $10k

Price spread, last 7 days+0.025%+$2 · spread now −0.013%, 7d avg +0.052%

Together, before fees+0.140%+$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.065% cheaper against Bybit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARUSDT	4.5856	0.0100	pay 0.0100% / 8h	33m 47s	$4.6M	$8.9M	75x
Short	BingX AR-USDT	4.5850	0.0100	get 0.0100% / 8h	33m 47s	—	$2.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.013%Rate

Funding earned: $0
Price spread: −0.013% → +0.052%: −$6.53
Slippage, 4 orders: −$91.51
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$119.04
Costs to cover: 1.125%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; BingX: live order book, 1 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, 4 min ago	2.18 bp	36.3 bp −$36	152.8 bp −$1,528	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	5.45 bp	18.4 bp −$18	41.9 bp −$419	313.3 bp −$31.3K	710.8 bp −$355.4K

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	−0.1965%	1h	4.5811	−0.097%	$52K	$163K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.5879	+0.050%	$590K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0012%	8h	4.5850	−0.013%	$2.4M	$20.9M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	−0.297%	$3K	$339	5.5x	as long as short
MEXC AR_USDT	+0.0037%	8h	4.5880	+0.052%	$6.7M	$4.4M	100x	as long as short
Binance ARUSDT	+0.0038%	8h	4.5875	+0.041%	$9.1M	$55.6M	75x	as long as short
Extended AR-USD	+0.0040%	1h	4.5871	+0.033%	$37K	$237K	10x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5968	+0.244%	$4.1M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5848	−0.017%	$20K	$611K	10x	as long as short
Bybit ARUSDTlong	+0.0100%	8h	4.5856	long leg	$4.6M	$8.9M	75x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AR_USDT	+0.0100%	8h	4.5890	+0.074%	$2.6M	$2.3M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5870	+0.031%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.5860	+0.009%	$3.9M	$5.6M	75x	as long as short
BingX AR-USDTshort	+0.0100%	8h	4.5850	−0.013%	—	$2.9M	—
Variational Omni AR	+0.0100%	8h	4.5810	−0.101%	$139K	$172K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5880	+0.052%	$58K	$746K	50x	as long as short
BloFin AR-USDT	+0.0152%	8h	4.5800	−0.122%	$434K	$674K	20x	as long as short