Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h +0.007%

Price spread now: Extended against OKX+0.118%7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$970.972% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.118%, 7d avg +0.077%

Together, before fees−0.045%+ Points / potential airdropExtended: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.042% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AR-USDT-SWAP	4.6020	−0.0024	get 0.0024% / 8h	29m 05s	$2.4M	$21.0M	20x
Short	Extended AR-USD	4.6074	0.0032	get 0.0004% / 1h	29m 05s	$37K	$237K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.118%Rate

Funding earned: $11.66
Price spread: +0.118% → +0.077%: $4.17
Slippage, 4 orders: −$82.23
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$81.39
Costs to cover: 0.972%
Break-even: 55.8 days

Slippage from OKX: live order book, 4 min ago; Extended: live order book, 48 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, 4 min ago	1.09 bp	24.5 bp −$25	254.8 bp −$2,548	doesn't fit	doesn't fit
Sell Extended live order book, 48 min ago	6.90 bp	29.0 bp −$29	278.2 bp −$2,782	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	−0.1955%	1h	4.6033	+0.029%	$52K	$163K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.5997	−0.050%	$591K	—	50x	as long as short
OKX AR-USDT-SWAPlong	−0.0024%	8h	4.6020	long leg	$2.4M	$21.0M	20x
Binance ARUSDT	+0.0032%	8h	4.6079	+0.129%	$9.2M	$55.6M	75x	as long as short
Extended AR-USDshort	+0.0032%	1h	4.6074	+0.118%	$37K	$237K	10x
MEXC AR_USDT	+0.0033%	8h	4.6070	+0.109%	$6.8M	$4.4M	100x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	−0.652%	$3K	$339	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.6120	+0.217%	$4.1M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5996	−0.051%	$20K	$611K	10x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.6070	+0.109%	$4.6M	$8.9M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AR_USDT	+0.0100%	8h	4.6060	+0.087%	$2.6M	$2.3M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.6050	+0.065%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.6060	+0.087%	$3.9M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.6010	−0.022%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5805	−0.468%	$139K	$172K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5900	−0.261%	$58K	$747K	50x	as long as short
BloFin AR-USDT	+0.0128%	8h	4.6000	−0.043%	$435K	$677K	20x	as long as short