Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.031%

Price spread now: Gate against Bybit+0.130%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$202as in the Funding arb table

Net, price: spread back to 7d avg − costs−$197as in the Price arb table

costs, in and out, $10k−$2062.063% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 7 days−0.129%−$13 · spread now +0.130%, 7d avg +0.041%

Together, before fees−0.085%−$8 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: Gate is 0.089% dearer against Bybit than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARUSDT	4.6070	0.0100	pay 0.0100% / 8h	7h 44m	$4.6M	$8.6M	75x
Short	Gate AR_USDT	4.6130	0.0100	get 0.0100% / 8h	7h 44m	$2.6M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.130%Rate

Funding earned: $0
Price spread: +0.130% → +0.041%: $8.89
Slippage, 4 orders: −$180.31
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$197.41
Costs to cover: 2.063%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Gate: live order book, 3 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	3.26 bp	41.0 bp −$41	160.1 bp −$1,601	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	5.43 bp	78.3 bp −$78	260.2 bp −$2,602	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	−0.2398%	1h	4.6044	−0.056%	$52K	$155K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.6103	+0.072%	$592K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0123%	8h	4.6040	−0.065%	$2.4M	$20.5M	20x	as long as short
MEXC AR_USDT	−0.0002%	8h	4.6080	+0.022%	$6.7M	$4.4M	100x	as long as short
Binance ARUSDT	−0.0001%	8h	4.6077	+0.015%	$9.2M	$54.6M	75x	as long as short
Extended AR-USD	0.0000%	1h	4.6088	+0.039%	$37K	$267K	10x	as long as short
ApeX Omni ARUSDT	+0.0012%	1h	4.6120	+0.109%	$23K	$761K	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	−0.760%	$3K	$239	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.6176	+0.230%	$4.3M	$4.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.6086	+0.035%	$20K	$596K	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	4.6070	long leg	$4.6M	$8.6M	75x
Gate AR_USDTshort	+0.0100%	8h	4.6130	+0.130%	$2.6M	$2.2M	50x
KuCoin ARUSDTM	+0.0100%	8h	4.6100	+0.065%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.6040	−0.065%	$4.0M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.6070	0.000%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.6033	−0.081%	$143K	$170K	—	as long as short
BloFin AR-USDT	+0.0117%	8h	4.6060	−0.022%	$438K	$610K	20x	as long as short