Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.014%

Price spread now: Extended against Gate+0.068%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$203as in the Funding arb table

Net, price: spread back to 7d avg − costs−$200as in the Price arb table

costs, in and out, $10k−$2042.042% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$1 on $10k

Price spread, last 4 days (all we have)−0.195%−$20 · spread now +0.068%, 7d avg +0.024%

Together, before fees−0.180%+ Points / potential airdropExtended: Active · farm board−$18 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: Extended is 0.044% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AR_USDT	4.5490	0.0100	pay 0.0100% / 8h	5h 20m	$2.6M	$2.0M	50x
Short	Extended AR-USD	4.5521	0.0104	get 0.0013% / 1h	20m 02s	$38K	$235K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.068%Rate

Funding earned: $0.84
Price spread: +0.068% → +0.024%: $4.37
Slippage, 4 orders: −$184.17
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$198.96
Costs to cover: 2.042%
Break-even: 1665.0 days

Slippage from Gate: live order book, 3 min ago; Extended: live order book, 42 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, 3 min ago	4.39 bp	74.1 bp −$74	280.7 bp −$2,807	doesn't fit	doesn't fit
Sell Extended live order book, 42 min ago	5.60 bp	27.5 bp −$27	281.0 bp −$2,810	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	4.5522	+0.071%	$585K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0056%	8h	4.5460	−0.066%	$2.3M	$18.8M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5290	−0.440%	$548	$3K	5.5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5553	+0.139%	$19K	$492K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.5480	−0.022%	$9.1M	$51.3M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5500	+0.022%	$4.7M	$8.4M	75x	as long as short
Gate AR_USDTlong	+0.0100%	8h	4.5490	long leg	$2.6M	$2.0M	50x
MEXC AR_USDT	+0.0100%	8h	4.5500	+0.022%	$6.5M	$4.3M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5520	+0.066%	$1.2M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.5450	−0.088%	$4.0M	$5.3M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AR-USDT	+0.0100%	8h	4.5500	+0.022%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5477	−0.029%	$236K	$255K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5530	+0.088%	$20K	$724K	50x	as long as short
Extended AR-USDshort	+0.0104%	1h	4.5521	+0.068%	$38K	$235K	10x
Hyperliquid AR	+0.0139%	1h	4.5554	+0.141%	$4.1M	$4.5M	5x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.5490	0.000%	$437K	$496K	20x	as long as short
Kraken Futures PF_ARUSD	+0.1919%	1h	4.5566	+0.166%	$56K	$148K	20x	as long as short