Funding arb · Price arb /

AR

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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 +0.021%

Price spread now: Bitget against MEXC−0.022%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$520.519% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 7 days+0.010%+$1 · spread now −0.022%, 7d avg −0.071%

Together, before fees+0.094%+$9 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 0.049% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AR_USDT	4.4950	0.0100	pay 0.0100% / 8h	1h 54m	$6.8M	$4.5M	100x
Short	Bitget ARUSDT	4.4940	0.0100	get 0.0100% / 8h	1h 54m	$3.8M	$5.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → −0.071%: $4.88
Slippage, 4 orders: −$35.88
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$47
Costs to cover: 0.519%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Bitget: live order book, 4 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 MEXC live order book, 3 min ago	1.12 bp	3.1 bp −$3	17.0 bp −$170	208.7 bp −$20.9K	doesn't fit
Sell Bitget live order book, 4 min ago	4.50 bp	22.0 bp −$22	50.5 bp −$505	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	−0.1927%	1h	4.4889	−0.136%	$46K	$154K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.4992	+0.093%	$578K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	+1.713%	$3K	$339	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5056	+0.236%	$3.8M	$4.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.4957	+0.016%	$20K	$621K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.4957	+0.015%	$8.8M	$55.7M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.4966	+0.036%	$4.6M	$8.9M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.4860	−0.200%	$2.3M	$20.6M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.4970	+0.044%	$2.5M	$2.3M	50x	as long as short
MEXC AR_USDTlong	+0.0100%	8h	4.4950	long leg	$6.8M	$4.5M	100x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ARUSDTM	+0.0100%	8h	4.4970	+0.044%	$1.4M	$1.1M	50x	as long as short
Bitget ARUSDTshort	+0.0100%	8h	4.4940	−0.022%	$3.8M	$5.6M	75x
BingX AR-USDT	+0.0100%	8h	4.4970	+0.044%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.4736	−0.476%	$135K	$174K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.4540	−0.912%	$56K	$748K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.4952	+0.005%	$37K	$237K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.4820	−0.289%	$416K	$667K	20x	as long as short