AR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h −0.018%

Price spread now: BloFin against KuCoin+0.069%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$245as in the Funding arb table

Net, price: spread back to 7d avg − costs−$237as in the Price arb table

costs, in and out, $10k−$2462.460% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)+0.173%+$17 · spread now +0.069%, 7d avg −0.020%

Together, before fees+0.182%+$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.089% dearer against KuCoin than usual: you sell high and buy low: +$9 more if the spread 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	KuCoin ARUSDTM	4.3560	0.0100	pay 0.0100% / 8h	3h 00m	$1.1M	$1.3M	50x
Short	BloFin AR-USDT	4.3590	0.0220	get 0.0220% / 8h	3h 00m	$413K	$469K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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 KuCoinbpFee BloFinbpOrdersPrice spread, now +0.069%Rate

Funding earned: $25.2
Price spread: +0.069% → −0.020%: $8.86
Slippage, 4 orders: −$222.03
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$211.98
Costs to cover: 2.460%
Break-even: 65.9 days

Slippage from KuCoin: live order book, 9 min ago; BloFin: live order book, 30 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 KuCoin live order book, 9 min ago	5.72 bp	104.6 bp −$105	770.3 bp −$7,703	doesn't fit	doesn't fit
Sell BloFin live order book, 30 min ago	1.14 bp	18.0 bp −$18	35.1 bp −$351	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	−0.1240%	1h	4.3492	−0.157%	$59K	$143K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.3541	−0.043%	$560K	—	50x	as long as short
Aster ARUSDT	+0.0100%	8h	4.3568	+0.018%	$30K	$458K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.3604	+0.100%	$8.5M	$50.4M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.3610	+0.115%	$4.4M	$8.5M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.3600	+0.092%	$2.2M	$17.2M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.3570	+0.023%	$2.4M	$1.9M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.3550	−0.023%	$6.0M	$4.2M	100x	as long as short
KuCoin ARUSDTMlong	+0.0100%	8h	4.3560	long leg	$1.1M	$1.3M	50x
Bitget ARUSDT	+0.0100%	8h	4.3570	+0.023%	$3.8M	$5.2M	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	4.3600	+0.092%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.3527	−0.075%	$241K	$424K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.3680	+0.275%	$19K	$710K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.3538	−0.050%	$38K	$238K	10x	as long as short
BloFin AR-USDTshort	+0.0220%	8h	4.3590	+0.069%	$413K	$469K	20x
Hyperliquid AR	+0.0237%	1h	4.3660	+0.230%	$3.7M	$4.4M	5x	as long as short
Injective AR/USDC PERP	+0.0433%	1h	4.4240	+1.561%	$2K	$5K	5.5x	as long as short