Funding arb · Price arb /

ARC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.006%

Price spread now: BloFin against Extended−0.106%74s7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$249as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2432.434% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 3 days (all we have)+0.004%$0 · spread now −0.106%, 7d avg −0.003%

Together, before fees−0.050%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.103% cheaper against Extended than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.003%). Swap the legs. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ARC-USD	0.07808	0.1032	pay 0.0129% / 1h	45m 53s	$30K	$118K	5x
Short	BloFin ARC-USDT	0.07800	0.0986	get 0.0493% / 4h	2h 45m	$1.2M	$61K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.106%Rate

Funding earned: −$9.68
Price spread: −0.106% → −0.003%: −$10.27
Slippage, 4 orders: −$226.38
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$263.33
Costs to cover: 2.434%
Break-even: never at this rate

Slippage from Extended: live order book, 39 min ago; BloFin: live order book, 1 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, 39 min ago	8.16 bp	93.2 bp −$93	644.7 bp −$6,447	doesn't fit	doesn't fit
Sell BloFin live order book, 1 min ago	2.57 bp	54.5 bp −$54	124.6 bp −$1,246	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	−0.0095%	1h	0.07771	−0.483%	$49K	$79K	20x	as long as short
Lighter ARC	+0.0096%	1h	0.07784	−0.312%	$42K	$2K	3x	as long as short
Gate ARC_USDT	+0.0100%	4h	0.07794	−0.182%	$3.0M	$332K	20x	as long as short
SunX ARC-USDT	+0.0100%	4h	0.07784	−0.310%	$2K	$1.5M	20x	as long as short
KuCoin ARCUSDTM	+0.0912%	4h	0.07817	+0.107%	$1.3M	$1.8M	20x	as long as short
Bitget ARCUSDT	+0.0918%	4h	0.07789	−0.246%	$1.7M	$524K	10x	as long as short
BloFin ARC-USDTshort	+0.0986%	4h	0.07800	−0.106%	$1.2M	$61K	20x
Extended ARC-USDlong	+0.1032%	1h	0.07808	long leg	$30K	$118K	5x
Binance ARCUSDT	+0.1035%	4h	0.07809	+0.010%	$24.2M	$7.2M	20x	as long as short
Aster ARCUSDT	+0.1617%	4h	0.07803	−0.068%	$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-USDT	+0.2988%	4h	0.07806	−0.029%	—	$1.7M	—	as long as short
Bybit ARCUSDT	+0.3256%	4h	0.07804	−0.054%	$2.7M	$4.4M	13x	as long as short