Funding you earn now, next payment 08:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.96 per $10,000 · paid last 24h +0.010%
Price spread now: Binance against Gate−0.034%7-day average +0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$187as in the Funding arb table
Net, price: spread back to 7d avg − costs−$195as in the Price arb table
costs, in and out, $10k−$1881.875% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 7 days+0.039%+$4 · spread now −0.034%, 7d avg +0.042%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.076% cheaper against Gate than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.042%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate AR_USDT | 4.5170 | 0.0100 | pay 0.0100% / 8h | 6h 56m | $2.5M | $2.1M | 50x |
| Short | Binance ARUSDT | 4.5154 | 0.0004 | get 0.0004% / 8h | 6h 56m | $9.0M | $53.2M | 75x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$20.14
- Price spread: −0.034% → +0.042%
- −$7.6
- Slippage, 4 orders
- −$162.54
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$215.28
- Costs to cover
- 1.875%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; Binance: live order book, 15 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 Gate live order book, 1 min ago | 4.40 bp | 75.6 bp −$76 | 269.5 bp −$2,695 | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 1.09 bp | 13.5 bp −$13 | 50.9 bp −$509 | 326.8 bp −$32.7K | 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 | −0.1689% | 1h | 4.5349 | +0.397% | $56K | $148K | 20x | as long as short |
| Injective AR/USDC PERP | −0.0353% | 1h | 4.6110 | +2.081% | $2K | $2K | 5.5x | as long as short |
| OKX AR-USDT-SWAP | −0.0155% | 8h | 4.5140 | −0.066% | $2.3M | $19.5M | 20x | as long as short |
| GMX AR/USD [WBTC.b-USDC] | L −0.0141% / S +0.0551% | 1h | 4.5282 | +0.248% | $584K | — | 50x | as long as short |
| MEXC AR_USDT | +0.0003% | 8h | 4.5160 | −0.022% | $6.1M | $4.2M | 100x | as long as short |
| Binance ARUSDTshort | +0.0004% | 8h | 4.5154 | −0.034% | $9.0M | $53.2M | 75x | |
| Extended AR-USD | +0.0008% | 1h | 4.5159 | −0.024% | $37K | $243K | 10x | as long as short |
| BloFin AR-USDT | +0.0016% | 8h | 4.5180 | +0.022% | $434K | $528K | 20x | as long as short |
| Hyperliquid AR | +0.0100% | 1h | 4.5221 | +0.113% | $4.1M | $4.8M | 5x | as long as short |
| Aster ARUSDT | +0.0100% | 8h | 4.5265 | +0.210% | $26K | $500K | 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 | 4.5150 | −0.044% | $4.6M | $8.4M | 75x | as long as short |
| Gate AR_USDTlong | +0.0100% | 8h | 4.5170 | long leg | $2.5M | $2.1M | 50x | |
| KuCoin ARUSDTM | +0.0100% | 8h | 4.5130 | −0.089% | $1.4M | $1.2M | 50x | as long as short |
| Bitget ARUSDT | +0.0100% | 8h | 4.5100 | −0.155% | $3.9M | $5.6M | 75x | as long as short |
| BingX AR-USDT | +0.0100% | 8h | 4.5130 | −0.089% | — | $2.9M | — | as long as short |
| Variational Omni AR | +0.0100% | 8h | 4.5542 | +0.824% | $142K | $165K | — | as long as short |
| ApeX Omni ARUSDT | +0.0100% | 1h | 4.5420 | +0.553% | $23K | $742K | 50x | as long as short |
Gate AR_USDT
Binance ARUSDT
Kraken Futures PF_ARUSD
Injective AR/USDC PERP
OKX AR-USDT-SWAP
GMX AR/USD [WBTC.b-USDC]
MEXC AR_USDT
Extended AR-USD
BloFin AR-USDT
Hyperliquid AR
Aster ARUSDT
Bybit ARUSDT
KuCoin ARUSDTM
Bitget ARUSDT
BingX AR-USDT
Variational Omni AR
ApeX Omni ARUSDT