Funding arb · Price arb /

ARC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1958%/8h= −214.4% APRpaid last 24h −0.017%

Price spread now: Extended against BingX+0.014%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$242as in the Funding arb table

Net, price: spread back to 7d avg − costs−$244as in the Price arb table

costs, in and out, $10k−$2402.400% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 4 days (all we have)+0.048%+$5 · spread now +0.014%, 7d avg +0.053%

Together, before fees+0.025%+ Points / potential airdropExtended: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$59 a day on $10k at the current rate, and Extended is 0.039% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.053%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.022% in total (about -1.2% a year). A funding rate is set anew for every payment. 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	BingX ARC-USDT	0.07919	0.2366	pay 0.1183% / 4h	3h 21m	—	$1.7M	—
Short	Extended ARC-USD	0.07920	0.0408	get 0.0051% / 1h	21m 03s	$30K	$219K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BingX. 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 BingXbpFee ExtendedbpOrdersPrice spread, now +0.014%Rate

Funding earned: −$411.18
Price spread: +0.014% → +0.053%: −$3.91
Slippage, 4 orders: −$225.02
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$655.11
Costs to cover: 2.400%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; Extended: live order book, 49 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 BingX live order book, 11 min ago	6.32 bp	42.8 bp −$43	154.2 bp −$1,542	650.2 bp −$65.0K	929.4 bp −$464.7K
Sell Extended live order book, 49 min ago	6.79 bp	111.5 bp −$111	745.1 bp −$7,451	doesn't fit	doesn't fit

ARC on 12 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
Lighter ARC	+0.0096%	1h	0.07926	+0.086%	$38K	$7K	3x	as long as short
Aster ARCUSDT	+0.0100%	4h	0.07909	−0.126%	$20K	$14K	5x	as long as short
Gate ARC_USDT	+0.0100%	4h	0.07930	+0.139%	$3.1M	$274K	20x	as long as short
KuCoin ARCUSDTM	+0.0100%	4h	0.07946	+0.343%	$1.3M	$1.8M	20x	as long as short
SunX ARC-USDT	+0.0100%	4h	0.07917	−0.025%	$2K	$1.5M	20x	as long as short
Extended ARC-USDshort	+0.0408%	1h	0.07920	+0.014%	$30K	$219K	5x
Binance ARCUSDT	+0.0411%	4h	0.07922	+0.038%	$24.5M	$7.2M	20x	as long as short
BloFin ARC-USDT	+0.0424%	4h	0.07914	−0.063%	$1.2M	$51K	20x	as long as short
Kraken Futures PF_ARCUSD	+0.0712%	1h	0.07894	−0.317%	$53K	$88K	20x	as long as short
Bitget ARCUSDT	+0.0716%	4h	0.07928	+0.114%	$1.7M	$557K	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ARC-USDTlong	+0.2366%	4h	0.07919	long leg	—	$1.7M	—
Bybit ARCUSDT	+0.2514%	4h	0.07911	−0.101%	$2.8M	$4.6M	13x	as long as short