Funding arb · Price arb /

AR

all AR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0119%/8h= +13.1% APRpaid last 24h −0.004%

Price spread now: BloFin against Extended−0.087%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$870.866% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.112%+$11 on $10k

Price spread, last 3 days (all we have)+0.334%+$33 · spread now −0.087%, 7d avg −0.027%

Together, before fees+0.446%+ Points / potential airdropExtended: Active · farm board+$45 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.060% cheaper against Extended than usual: you would sell low and buy high (spread −0.087% now, against its 7-day average of −0.027%). If the spread goes back, that is −$6 on $10k: about 40 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.112% in total) that is about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AR-USD	4.5920	0.0056	pay 0.0007% / 1h	56m 57s	$37K	$237K	10x
Short	BloFin AR-USDT	4.5880	0.0175	get 0.0175% / 8h	56m 57s	$431K	$676K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.087%Rate

Funding earned: $25.06
Price spread: −0.087% → −0.027%: −$5.96
Slippage, 4 orders: −$69.57
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$67.47
Costs to cover: 0.866%
Break-even: 25.9 days

Slippage from Extended: live order book, 20 min ago; BloFin: live order book, 20 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, 20 min ago	6.90 bp	27.4 bp −$27	244.4 bp −$2,444	doesn't fit	doesn't fit
Sell BloFin live order book, 20 min ago	6.57 bp	15.1 bp −$15	41.6 bp −$416	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	−0.1960%	1h	4.5930	+0.022%	$47K	$157K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.5914	−0.013%	$590K	—	50x	as long as short
OKX AR-USDT-SWAP	+0.0013%	8h	4.5950	+0.066%	$2.4M	$20.9M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	−0.435%	$3K	$339	5.5x	as long as short
MEXC AR_USDT	+0.0054%	8h	4.5920	0.000%	$6.9M	$4.4M	100x	as long as short
Binance ARUSDT	+0.0055%	8h	4.5990	+0.153%	$9.1M	$55.6M	75x	as long as short
Extended AR-USDlong	+0.0056%	1h	4.5920	long leg	$37K	$237K	10x
Hyperliquid AR	+0.0100%	1h	4.6005	+0.185%	$4.1M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5906	−0.031%	$20K	$613K	10x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5970	+0.109%	$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	4.5950	+0.066%	$2.6M	$2.3M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5940	+0.044%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.5930	+0.022%	$3.9M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5970	+0.109%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5609	−0.677%	$139K	$173K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5850	−0.152%	$58K	$748K	50x	as long as short
BloFin AR-USDTshort	+0.0175%	8h	4.5880	−0.087%	$431K	$676K	20x