Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.031%

Price spread now: Bitget against Gate−0.243%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$191as in the Funding arb table

Net, price: spread back to 7d avg − costs−$223as in the Price arb table

costs, in and out, $10k−$2002.005% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.090%+$9 on $10k

Price spread, last 7 days+0.243%+$24 · spread now −0.243%, 7d avg −0.020%

Together, before fees+0.334%+$33 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: Bitget is 0.224% cheaper against Gate than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AR_USDT	4.5250	0.0100	pay 0.0100% / 8h	4h 57m	$2.5M	$1.9M	50x
Short	Bitget ARUSDT	4.5140	0.0100	get 0.0100% / 8h	4h 57m	$4.0M	$5.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now −0.243%Rate

Funding earned: $0
Price spread: −0.243% → −0.020%: −$22.35
Slippage, 4 orders: −$173.48
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$222.83
Costs to cover: 2.005%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Bitget: live order book, 5 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, 5 min ago	4.43 bp	72.7 bp −$73	267.7 bp −$2,677	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	4.44 bp	28.3 bp −$28	81.0 bp −$810	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	4.5306	+0.124%	$583K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0030%	8h	4.5140	−0.243%	$2.3M	$18.4M	20x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5203	−0.104%	$4.1M	$4.5M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5237	−0.028%	$27K	$485K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.5170	−0.177%	$9.0M	$50.5M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5170	−0.177%	$4.6M	$8.2M	75x	as long as short
Gate AR_USDTlong	+0.0100%	8h	4.5250	long leg	$2.5M	$1.9M	50x
MEXC AR_USDT	+0.0100%	8h	4.5140	−0.243%	$6.4M	$4.2M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5280	+0.066%	$1.2M	$1.2M	50x	as long as short
Bitget ARUSDTshort	+0.0100%	8h	4.5140	−0.243%	$4.0M	$5.2M	75x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AR-USDT	+0.0100%	8h	4.5210	−0.088%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5316	+0.145%	$235K	$242K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5320	+0.155%	$20K	$722K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.5149	−0.224%	$37K	$235K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.5340	+0.199%	$434K	$492K	20x	as long as short
Kraken Futures PF_ARUSD	+0.0686%	1h	4.5247	−0.006%	$61K	$160K	20x	as long as short
Injective AR/USDC PERP	+0.0854%	1h	4.5290	+0.088%	$548	$3K	5.5x	as long as short