AR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h −0.018%

Price spread now: BloFin against Bybit+0.206%72s7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as 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−$940.941% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.161%+$16 on $10k

Price spread, last 4 days (all we have)+0.130%+$13 · spread now +0.206%, 7d avg +0.025%

Together, before fees+0.292%+$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.181% dearer against Bybit than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.025%. The two prices were read 72 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	Bybit ARUSDT	4.3750	0.0100	pay 0.0100% / 8h	3h 12m	$4.4M	$8.5M	75x
Short	BloFin AR-USDT	4.3840	0.0220	get 0.0220% / 8h	3h 12m	$414K	$471K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.206%Rate

Funding earned: $25.2
Price spread: +0.206% → +0.025%: $18.08
Slippage, 4 orders: −$71.13
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$50.85
Costs to cover: 0.941%
Break-even: 21.1 days

Slippage from Bybit: live order book, 1 min ago; BloFin: live order book, 19 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, 1 min ago	3.42 bp	35.4 bp −$35	119.0 bp −$1,190	doesn't fit	doesn't fit
Sell BloFin live order book, 19 min ago	1.14 bp	18.0 bp −$18	35.1 bp −$351	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	−0.1233%	1h	4.3755	+0.012%	$59K	$143K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.3772	+0.051%	$563K	—	50x	as long as short
Aster ARUSDT	+0.0100%	8h	4.3791	+0.094%	$30K	$467K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.3773	+0.053%	$8.6M	$50.3M	75x	as long as short
Bybit ARUSDTlong	+0.0100%	8h	4.3750	long leg	$4.4M	$8.5M	75x
OKX AR-USDT-SWAP	+0.0100%	8h	4.3790	+0.091%	$2.2M	$17.3M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.3760	+0.023%	$2.4M	$1.9M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.3770	+0.046%	$6.0M	$4.2M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.3780	+0.069%	$1.1M	$1.3M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.3780	+0.069%	$3.8M	$5.2M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AR-USDT	+0.0100%	8h	4.3770	+0.046%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.3977	+0.520%	$234K	$414K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.4040	+0.663%	$19K	$713K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.3747	−0.006%	$36K	$237K	10x	as long as short
BloFin AR-USDTshort	+0.0220%	8h	4.3840	+0.206%	$414K	$471K	20x
Hyperliquid AR	+0.0264%	1h	4.3834	+0.192%	$3.7M	$4.4M	5x	as long as short
Injective AR/USDC PERP	+0.0433%	1h	4.4240	+1.120%	$2K	$5K	5.5x	as long as short