AR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0031%/8h= −3.3% APRnext payment −$0.31 per $10,000 · paid last 24h −0.046%

Price spread now: OKX against Bybit−0.016%7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1321.317% of the position

Long on Bybit Short on OKX

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+0.059%+$6 · spread now −0.016%, 7d avg +0.027%

Together, before fees+0.106%+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.043% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.027%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARUSDT	4.4577	0.0100	pay 0.0100% / 8h	4h 01m	$4.6M	$8.1M	75x
Short	OKX AR-USDT-SWAP	4.4570	0.0069	get 0.0069% / 8h	4h 01m	$2.3M	$17.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$6.41
Price spread: −0.016% → +0.027%: −$4.32
Slippage, 4 orders: −$110.68
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$142.41
Costs to cover: 1.317%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; OKX: 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, 2 min ago	1.12 bp	43.5 bp −$43	153.9 bp −$1,539	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.12 bp	24.7 bp −$25	93.9 bp −$939	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
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.4563	−0.031%	$573K	—	50x	as long as short
OKX AR-USDT-SWAPshort	+0.0069%	8h	4.4570	−0.016%	$2.3M	$17.7M	20x
Aster ARUSDT	+0.0100%	8h	4.4562	−0.035%	$26K	$478K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.4580	+0.007%	$8.7M	$49.8M	75x	as long as short
Bybit ARUSDTlong	+0.0100%	8h	4.4577	long leg	$4.6M	$8.1M	75x
Gate AR_USDT	+0.0100%	8h	4.4540	−0.083%	$2.5M	$1.9M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.4570	−0.016%	$6.3M	$4.2M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.4560	−0.038%	$1.1M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.4540	−0.083%	$3.9M	$5.0M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.4570	−0.016%	—	$2.8M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AR	+0.0100%	8h	4.4682	+0.236%	$236K	$246K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.4560	−0.038%	$19K	$717K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.4559	−0.040%	$37K	$236K	10x	as long as short
Hyperliquid AR	+0.0218%	1h	4.4644	+0.150%	$4.0M	$4.3M	5x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.4590	+0.029%	$421K	$467K	20x	as long as short
Kraken Futures PF_ARUSD	+0.0698%	1h	4.4474	−0.232%	$60K	$159K	20x	as long as short
Injective AR/USDC PERP	+0.0854%	1h	4.4770	+0.433%	$2K	$5K	5.5x	as long as short