Funding arb · Price arb /

ARK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.793%

Price spread now: BingX against Gate+0.128%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$166as in the Price arb table

costs, in and out, $10k−$1711.710% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.188%+$119 on $10k

Price spread, last 4 days (all we have)−0.199%−$20 · spread now +0.128%, 7d avg +0.073%

Together, before fees+0.988%+$99 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.054% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ARK_USDT	0.1564	0.0100	pay 0.0100% / 8h	2h 00m	$195K	$133K	25x
Short	BingX ARK-USDT	0.1566	0.0100	get 0.0050% / 4h	2h 00m	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now +0.128%Rate

Funding earned: $0
Price spread: +0.128% → +0.073%: $5.44
Slippage, 4 orders: −$145.96
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$165.52
Costs to cover: 1.710%
Break-even: never at this rate

Slippage from Gate: live order book, 40 min ago; BingX: 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 Gate live order book, 40 min ago	6.40 bp	59.7 bp −$60	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	9.57 bp	32.1 bp −$32	74.3 bp −$743	438.3 bp −$43.8K	500.0 bp −$250.0K

ARK on 8 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
Binance ARKUSDT	+0.0100%	4h	0.1566	+0.128%	$3.4M	$4.1M	40x	as long as short
Bybit ARKUSDT	+0.0100%	4h	0.1558	−0.358%	$1.3M	$1.0M	25x	as long as short
Gate ARK_USDTlong	+0.0100%	8h	0.1564	long leg	$195K	$133K	25x
MEXC ARK_USDT	+0.0100%	4h	0.1565	+0.064%	$492K	$160K	20x	as long as short
KuCoin ARKUSDTM	+0.0100%	4h	0.1565	+0.064%	$784K	$46K	30x	as long as short
Bitget ARKUSDT	+0.0100%	4h	0.1566	+0.128%	$407K	$244K	25x	as long as short
BingX ARK-USDTshort	+0.0100%	4h	0.1566	+0.128%	—	$2.4M	—
Variational Omni ARK	+0.0100%	4h	0.1561	−0.185%	$9K	$11K	—	as long as short