AR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0165%/8h= +18.1% APRnext payment +$1.65 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against OKX+0.066%93s7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$700.696% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$11 on $10k

Price spread, last 3 days (all we have)+0.206%+$21 · spread now +0.066%, 7d avg +0.048%

Together, before fees+0.311%+$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.048%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AR-USDT-SWAP	4.5780	0.0009	pay 0.0009% / 8h	53m 43s	$2.4M	$20.9M	20x
Short	BloFin AR-USDT	4.5810	0.0174	get 0.0174% / 8h	53m 43s	$430K	$675K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against OKX. 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 OKXbpFee BloFinbpOrdersPrice spread, now +0.066%Rate

Funding earned: $34.7
Price spread: +0.066% → +0.048%: $1.79
Slippage, 4 orders: −$47.65
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$33.15
Costs to cover: 0.696%
Break-even: 13.7 days

Slippage from OKX: live order book, 5 min ago; BloFin: live order book, 23 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 OKX live order book, 5 min ago	1.09 bp	23.0 bp −$23	162.0 bp −$1,620	doesn't fit	doesn't fit
Sell BloFin live order book, 23 min ago	6.57 bp	15.1 bp −$15	41.6 bp −$416	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	4.5845	+0.143%	$52K	$163K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.5909	+0.282%	$590K	—	50x	as long as short
ApeX Omni ARUSDT	−0.0004%	1h	4.5840	+0.131%	$58K	$747K	50x	as long as short
OKX AR-USDT-SWAPlong	+0.0009%	8h	4.5780	long leg	$2.4M	$20.9M	20x
Injective AR/USDC PERP	+0.0033%	1h	4.5720	−0.131%	$3K	$339	5.5x	as long as short
Binance ARUSDT	+0.0052%	8h	4.5841	+0.134%	$9.1M	$55.7M	75x	as long as short
MEXC AR_USDT	+0.0053%	8h	4.5850	+0.153%	$6.8M	$4.4M	100x	as long as short
Extended AR-USD	+0.0056%	1h	4.5831	+0.111%	$37K	$237K	10x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5929	+0.325%	$4.1M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5836	+0.123%	$20K	$611K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ARUSDT	+0.0100%	8h	4.5800	+0.044%	$4.7M	$8.9M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.5830	+0.109%	$2.6M	$2.3M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5850	+0.153%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.5820	+0.087%	$3.9M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5800	+0.044%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5934	+0.336%	$139K	$173K	—	as long as short
BloFin AR-USDTshort	+0.0174%	8h	4.5810	+0.066%	$430K	$675K	20x