Funding arb · Price arb /

ARC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0830%/8h= +90.9% APRpaid last 24h −0.060%

Price spread now: Bybit against Extended−0.129%7-day average −0.229% · you buy dearer than you sell

Net, funding: paid 7d − costs−$415as in the Funding arb table

Net, price: spread back to 7d avg − costs−$388as in the Price arb table

costs, in and out, $10k−$3983.977% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.175%−$18 on $10k

Price spread, last 4 days (all we have)−0.047%−$5 · spread now −0.129%, 7d avg −0.229%

Together, before fees−0.222%+ Points / potential airdropExtended: Active · farm board−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Bybit is 0.100% dearer against Extended than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.229%. Mind the row above: over the last 7 days funding on this pair cost −0.175%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.175% in total (about -9.1% 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	0.07887	0.0520	pay 0.0065% / 1h	54m 21s	$30K	$193K	5x
Short	Bybit ARCUSDT	0.07877	0.1350	get 0.0675% / 4h	54m 21s	$2.8M	$4.6M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.129%Rate

Funding earned: $174.36
Price spread: −0.129% → −0.229%: $9.99
Slippage, 4 orders: −$381.73
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$213.39
Costs to cover: 3.977%
Break-even: 15.6 days

Slippage from Extended: live order book, 2 min ago; Bybit: live order book, 3 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, 2 min ago	7.86 bp	97.8 bp −$98	614.1 bp −$6,141	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	3.85 bp	97.4 bp −$97	328.3 bp −$3,283	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	0.07873	−0.186%	$38K	$6K	3x	as long as short
Gate ARC_USDT	+0.0100%	4h	0.07847	−0.509%	$3.0M	$227K	20x	as long as short
SunX ARC-USDT	+0.0100%	4h	0.07827	−0.763%	$2K	$1.5M	20x	as long as short
KuCoin ARCUSDTM	+0.0112%	4h	0.07851	−0.462%	$1.3M	$1.8M	20x	as long as short
Aster ARCUSDT	+0.0218%	4h	0.07849	−0.480%	$19K	$15K	5x	as long as short
Extended ARC-USDlong	+0.0520%	1h	0.07887	long leg	$30K	$193K	5x
Binance ARCUSDT	+0.0524%	4h	0.07893	+0.073%	$24.5M	$6.9M	20x	as long as short
BloFin ARC-USDT	+0.0525%	4h	0.07851	−0.459%	$1.2M	$41K	20x	as long as short
Bitget ARCUSDT	+0.1014%	4h	0.07895	+0.099%	$1.7M	$522K	10x	as long as short
BingX ARC-USDT	+0.1166%	4h	0.07892	+0.061%	—	$1.7M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ARCUSDTshort	+0.1350%	4h	0.07877	−0.129%	$2.8M	$4.6M	13x
Kraken Futures PF_ARCUSD	+0.1480%	1h	0.07823	−0.818%	$53K	$85K	20x	as long as short