Funding arb · Price arb /

ARC

all ARC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0359%/8h= −39.3% APRpaid last 24h +0.122%

Price spread now: Extended against Bybit+0.054%7-day average +0.232% · you sell dearer than you buy

Net, funding: paid 7d − costs−$361as in the Funding arb table

Net, price: spread back to 7d avg − costs−$402as in the Price arb table

costs, in and out, $10k−$3843.841% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.227%+$23 on $10k

Price spread, last 4 days (all we have)+0.137%+$14 · spread now +0.054%, 7d avg +0.232%

Together, before fees+0.364%+ Points / potential airdropExtended: Active · farm board+$36 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Extended is 0.178% cheaper against Bybit than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.232%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.227%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.227% in total (about 11.9% 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	Bybit ARCUSDT	0.07740	0.0943	pay 0.0472% / 4h	1h 40m	$2.6M	$4.3M	13x
Short	Extended ARC-USD	0.07744	0.0584	get 0.0073% / 1h	40m 33s	$30K	$118K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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 BybitbpFee ExtendedbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$75.45
Price spread: +0.054% → +0.232%: −$17.84
Slippage, 4 orders: −$368.08
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$477.38
Costs to cover: 3.841%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Extended: live order book, 40 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 Bybit live order book, 2 min ago	0.65 bp	105.1 bp −$105	258.6 bp −$2,586	doesn't fit	doesn't fit
Sell Extended live order book, 40 min ago	6.68 bp	96.9 bp −$97	690.7 bp −$6,907	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
Kraken Futures PF_ARCUSD	−0.0084%	1h	0.07727	−0.174%	$50K	$83K	20x	as long as short
Lighter ARC	+0.0096%	1h	0.07730	−0.123%	$42K	$2K	3x	as long as short
Gate ARC_USDT	+0.0100%	4h	0.07742	+0.026%	$3.0M	$327K	20x	as long as short
SunX ARC-USDT	+0.0100%	4h	0.07742	+0.026%	$1K	$1.5M	20x	as long as short
KuCoin ARCUSDTM	+0.0438%	4h	0.07760	+0.258%	$1.2M	$1.8M	20x	as long as short
BloFin ARC-USDT	+0.0547%	4h	0.07758	+0.233%	$1.2M	$58K	20x	as long as short
Bitget ARCUSDT	+0.0564%	4h	0.07745	+0.065%	$1.7M	$539K	10x	as long as short
Binance ARCUSDT	+0.0569%	4h	0.07745	+0.069%	$24.0M	$7.2M	20x	as long as short
Extended ARC-USDshort	+0.0584%	1h	0.07744	+0.054%	$30K	$118K	5x
Bybit ARCUSDTlong	+0.0943%	4h	0.07740	long leg	$2.6M	$4.3M	13x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ARC-USDT	+0.1022%	4h	0.07741	+0.013%	—	$1.7M	—	as long as short
Aster ARCUSDT	+0.1057%	4h	0.07748	+0.106%	$19K	$16K	5x	as long as short