Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.020%

Price spread now: Bitget against Extended+0.043%7-day average −0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$970.971% of the position

Long on Extended Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.074%+$7 on $10k

Price spread, last 4 days (all we have)−0.102%−$10 · spread now +0.043%, 7d avg −0.059%

Together, before fees−0.028%+ Points / potential airdropExtended: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Bitget is 0.102% dearer against Extended than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AR-USD	4.5570	0.0088	pay 0.0011% / 1h	15m 26s	$37K	$237K	10x
Short	Bitget ARUSDT	4.5590	0.0100	get 0.0100% / 8h	1h 15m	$3.9M	$5.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.043%Rate

Funding earned: $2.52
Price spread: +0.043% → −0.059%: $10.18
Slippage, 4 orders: −$80.13
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$84.43
Costs to cover: 0.971%
Break-even: 241.5 days

Slippage from Extended: live order book, 2 min ago; Bitget: 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 Extended live order book, 2 min ago	6.90 bp	27.4 bp −$27	244.4 bp −$2,444	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	2.20 bp	19.5 bp −$20	61.1 bp −$611	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	−0.1895%	1h	4.5660	+0.197%	$47K	$156K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.5643	+0.158%	$586K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	+0.328%	$3K	$339	5.5x	as long as short
OKX AR-USDT-SWAP	+0.0040%	8h	4.5570	−0.001%	$2.3M	$20.8M	20x	as long as short
MEXC AR_USDT	+0.0085%	8h	4.5590	+0.043%	$6.8M	$4.6M	100x	as long as short
Binance ARUSDT	+0.0085%	8h	4.5600	+0.065%	$9.0M	$55.7M	75x	as long as short
Extended AR-USDlong	+0.0088%	1h	4.5570	long leg	$37K	$237K	10x
Hyperliquid AR	+0.0100%	1h	4.5718	+0.324%	$3.9M	$4.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5601	+0.068%	$20K	$615K	10x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5580	+0.021%	$4.7M	$8.9M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AR_USDT	+0.0100%	8h	4.5630	+0.131%	$2.6M	$2.3M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5660	+0.197%	$1.4M	$1.1M	50x	as long as short
Bitget ARUSDTshort	+0.0100%	8h	4.5590	+0.043%	$3.9M	$5.6M	75x
BingX AR-USDT	+0.0100%	8h	4.5590	+0.043%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5284	−0.628%	$137K	$173K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5690	+0.262%	$58K	$749K	50x	as long as short
BloFin AR-USDT	+0.0204%	8h	4.5660	+0.197%	$424K	$683K	20x	as long as short