AR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0230%/8h= +25.2% APRnext payment +$2.30 per $10,000 · paid last 24h +0.046%

Price spread now: Bybit against OKX−0.022%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1261.257% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 7 days+0.010%+$1 · spread now −0.022%, 7d avg −0.029%

Together, before fees−0.038%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.047% in total (about -2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.30 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AR-USDT-SWAP	4.5230	−0.0130	get 0.0130% / 8h	6h 31m	$2.3M	$19.4M	20x
Short	Bybit ARUSDT	4.5220	0.0100	get 0.0100% / 8h	6h 31m	$4.5M	$8.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.022%Rate

Funding earned: $48.25
Price spread: −0.022% → −0.029%: $0.64
Slippage, 4 orders: −$104.66
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$76.77
Costs to cover: 1.257%
Break-even: 18.1 days

Slippage from OKX: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago	1.11 bp	18.3 bp −$18	192.6 bp −$1,926	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.22 bp	39.1 bp −$39	158.1 bp −$1,581	doesn't fit	doesn't fit

AR on 16 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	−0.1694%	1h	4.5233	+0.007%	$55K	$149K	20x	as long as short
Injective AR/USDC PERP	−0.0353%	1h	4.6110	+1.946%	$2K	$2K	5.5x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.5204	−0.057%	$581K	—	50x	as long as short
OKX AR-USDT-SWAPlong	−0.0130%	8h	4.5230	long leg	$2.3M	$19.4M	20x
Extended AR-USD	+0.0032%	1h	4.5222	−0.017%	$37K	$238K	10x	as long as short
MEXC AR_USDT	+0.0032%	8h	4.5230	0.000%	$6.4M	$4.3M	100x	as long as short
Binance ARUSDT	+0.0035%	8h	4.5234	+0.009%	$9.0M	$53.0M	75x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5268	+0.084%	$4.1M	$4.7M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5230	0.000%	$26K	$493K	10x	as long as short
Bybit ARUSDTshort	+0.0100%	8h	4.5220	−0.022%	$4.5M	$8.4M	75x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AR_USDT	+0.0100%	8h	4.5220	−0.022%	$2.5M	$2.1M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5240	+0.022%	$1.4M	$1.1M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.5200	−0.066%	$3.9M	$5.4M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5240	+0.022%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.4903	−0.723%	$140K	$165K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.4900	−0.730%	$20K	$742K	50x	as long as short