Funding arb · Price arb /

ARC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0658%/8h= +72.1% APRpaid last 24h −0.003%

Price spread now: BingX against Extended−0.017%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$272as in the Funding arb table

Net, price: spread back to 7d avg − costs−$266as in the Price arb table

costs, in and out, $10k−$2702.702% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now −0.017%, 7d avg −0.055%

Together, before fees−0.039%+ Points / potential airdropExtended: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and BingX is 0.038% dearer against Extended than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.055%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.016% in total (about -0.8% 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	Extended ARC-USD	0.07818	0.0408	pay 0.0051% / 1h	59m 28s	$30K	$118K	5x
Short	BingX ARC-USDT	0.07817	0.1066	get 0.0533% / 4h	59m 28s	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now −0.017%Rate

Funding earned: $138.18
Price spread: −0.017% → −0.055%: $3.81
Slippage, 4 orders: −$255.2
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$128.21
Costs to cover: 2.702%
Break-even: 13.5 days

Slippage from Extended: live order book, 16 min ago; BingX: live order book, 13 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 Extended live order book, 16 min ago	6.68 bp	76.5 bp −$77	563.1 bp −$5,631	doesn't fit	doesn't fit
Sell BingX live order book, 13 min ago	5.80 bp	54.5 bp −$55	173.6 bp −$1,736	590.6 bp −$59.1K	1016.3 bp −$508.1K

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	0.07783	−0.449%	$50K	$83K	20x	as long as short
Lighter ARC	+0.0096%	1h	0.07800	−0.236%	$42K	$2K	3x	as long as short
Gate ARC_USDT	+0.0100%	4h	0.07809	−0.119%	$3.0M	$323K	20x	as long as short
SunX ARC-USDT	+0.0100%	4h	0.07808	−0.132%	$2K	$1.5M	20x	as long as short
KuCoin ARCUSDTM	+0.0118%	4h	0.07827	+0.112%	$1.3M	$1.8M	20x	as long as short
Binance ARCUSDT	+0.0393%	4h	0.07820	+0.025%	$24.2M	$7.3M	20x	as long as short
BloFin ARC-USDT	+0.0398%	4h	0.07792	−0.337%	$1.2M	$58K	20x	as long as short
Extended ARC-USDlong	+0.0408%	1h	0.07818	long leg	$30K	$118K	5x
Bitget ARCUSDT	+0.0574%	4h	0.07823	+0.060%	$1.7M	$550K	10x	as long as short
Aster ARCUSDT	+0.0855%	4h	0.07815	−0.042%	$19K	$16K	5x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ARC-USDTshort	+0.1066%	4h	0.07817	−0.017%	—	$1.7M	—
Bybit ARCUSDT	+0.1067%	4h	0.07812	−0.081%	$2.7M	$4.5M	13x	as long as short