Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h −0.002%

Price spread now: Binance against Extended−0.299%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$860.858% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)+0.282%+$28 · spread now −0.299%, 7d avg +0.004%

Together, before fees+0.269%+ Points / potential airdropExtended: Active · farm board+$27 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: Binance is 0.303% cheaper against Extended than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AR-USD	4.6088	0	get 0.0000% / 1h	19m 05s	$38K	$241K	10x
Short	Binance ARUSDT	4.5950	0.0001	get 0.0001% / 8h	7h 19m	$9.2M	$53.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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 ExtendedbpFee BinancebpOrdersPrice spread, now −0.299%Rate

Funding earned: $0.28
Price spread: −0.299% → +0.004%: −$30.32
Slippage, 4 orders: −$70.8
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$115.85
Costs to cover: 0.858%
Break-even: 2954.9 days

Slippage from Extended: live order book, 53 min ago; Binance: live order book, 8 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 Extended live order book, 53 min ago	4.77 bp	26.6 bp −$27	231.1 bp −$2,311	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	3.24 bp	16.6 bp −$17	39.8 bp −$398	304.7 bp −$30.5K	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	−0.2397%	1h	4.6068	−0.044%	$52K	$135K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.6118	+0.064%	$593K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0138%	8h	4.5940	−0.322%	$2.4M	$19.9M	20x	as long as short
Extended AR-USDlong	0.0000%	1h	4.6088	long leg	$38K	$241K	10x
Binance ARUSDTshort	+0.0001%	8h	4.5950	−0.299%	$9.2M	$53.5M	75x
MEXC AR_USDT	+0.0004%	8h	4.6030	−0.126%	$6.5M	$4.4M	100x	as long as short
BloFin AR-USDT	+0.0005%	8h	4.6040	−0.105%	$441K	$556K	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	−0.799%	$3K	$239	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.6121	+0.071%	$4.3M	$4.7M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.6161	+0.157%	$21K	$510K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ARUSDT	+0.0100%	8h	4.5950	−0.300%	$4.6M	$8.5M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.6050	−0.083%	$2.6M	$2.2M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.6080	−0.018%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.5980	−0.235%	$4.0M	$5.4M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.6020	−0.148%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.6322	+0.508%	$144K	$170K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.6380	+0.633%	$23K	$741K	50x	as long as short