Settings8H · net · $10k
Funding arb · Price arb /

ARPA

all ARPA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against BingX−0.019%7-day average +0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1311.312% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.019%, 7d avg +0.024%
Together, before fees−0.001%$0 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: Bitget is 0.043% cheaper against BingX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.024%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ARPA-USDT0.010660.0100pay 0.0100% / 8h1h 56m$1.2M
ShortBitget ARPAUSDT0.010660.0100get 0.0100% / 8h1h 56m$486K$265K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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

Funding earned
$0
Price spread: −0.019% → +0.024%
−$4.32
Slippage, 4 orders
−$109.24
Fee BingX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$135.56
Costs to cover
1.312%
Break-even
never at this rate
Slippage from BingX: live order book, 18 min ago; Bitget: live order book, 23 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 18 min ago6.08 bp33.9 bp −$34115.0 bp −$1,150404.5 bp −$40.5K434.7 bp −$217.4K
Sell Bitget live order book, 23 min ago9.35 bp28.2 bp −$28247.4 bp −$2,474doesn't fitdoesn't fit

ARPA on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin ARPA-USDT+0.0081%8h0.01064−0.178%$139K$23K50xas long as short
Aster ARPAUSDT+0.0100%8h0.01066−0.034%$4K$8K5xas long as short
Binance ARPAUSDT+0.0100%8h0.01067+0.060%$2.1M$1.7M50xas long as short
Bybit ARPAUSDT+0.0100%8h0.01066−0.019%$272K$240K25xas long as short
Gate ARPA_USDT+0.0100%8h0.01065−0.113%$66K$127K25xas long as short
MEXC ARPA_USDT+0.0100%8h0.01067+0.038%$275K$126K125xas long as short
KuCoin ARPAUSDTM+0.0100%8h0.01065−0.113%$311K$188K30xas long as short
Bitget ARPAUSDTshort+0.0100%8h0.01066−0.019%$486K$265K50x
BingX ARPA-USDTlong+0.0100%8h0.01066long leg$1.2M
Variational Omni ARPA+0.0100%8h0.01062−0.384%$8K$107as long as short