Funding arb · Price arb /

AR

all AR markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bybit against Gate−0.081%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$220as in the Funding arb table

Net, price: spread back to 7d avg − costs−$219as in the Price arb table

costs, in and out, $10k−$2152.148% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 7 days+0.044%+$4 · spread now −0.081%, 7d avg −0.042%

Together, before fees−0.010%−$1 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: Bybit is 0.039% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AR_USDT	4.5890	0.0100	pay 0.0100% / 8h	37m 11s	$2.6M	$2.3M	50x
Short	Bybit ARUSDT	4.5853	0.0100	get 0.0100% / 8h	37m 11s	$4.6M	$8.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.081%Rate

Funding earned: $0
Price spread: −0.081% → −0.042%: −$3.87
Slippage, 4 orders: −$188.81
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$218.68
Costs to cover: 2.148%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Bybit: live order book, 1 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	4.36 bp	66.9 bp −$67	359.8 bp −$3,598	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	2.18 bp	38.3 bp −$38	155.9 bp −$1,559	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	−0.1963%	1h	4.5860	−0.066%	$52K	$163K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.5922	+0.069%	$590K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0003%	8h	4.5890	0.000%	$2.4M	$20.9M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	−0.370%	$3K	$339	5.5x	as long as short
Extended AR-USD	+0.0040%	1h	4.5867	−0.051%	$37K	$237K	10x	as long as short
MEXC AR_USDT	+0.0040%	8h	4.5870	−0.044%	$6.7M	$4.4M	100x	as long as short
Binance ARUSDT	+0.0040%	8h	4.5880	−0.022%	$9.1M	$55.6M	75x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5964	+0.161%	$4.1M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5849	−0.089%	$20K	$611K	10x	as long as short
Bybit ARUSDTshort	+0.0100%	8h	4.5853	−0.081%	$4.6M	$8.9M	75x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AR_USDTlong	+0.0100%	8h	4.5890	long leg	$2.6M	$2.3M	50x
KuCoin ARUSDTM	+0.0100%	8h	4.5870	−0.044%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.5850	−0.087%	$3.9M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5850	−0.087%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5719	−0.372%	$139K	$172K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5870	−0.044%	$58K	$747K	50x	as long as short
BloFin AR-USDT	+0.0160%	8h	4.5870	−0.044%	$435K	$676K	20x	as long as short