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

ARPA

all ARPA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Bitget−0.056%7-day average +0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$475as in the Funding arb table
Net, price: spread back to 7d avg − costs−$477as in the Price arb table
costs, in and out, $10k−$4694.691% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.057%−$6 on $10k
Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.056%, 7d avg +0.024%
Together, before fees+0.079%+$8 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: KuCoin is 0.080% cheaper against Bitget than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.024%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ARPAUSDT0.010740.0100pay 0.0100% / 8h4h 28m$477K$258K50x
ShortKuCoin ARPAUSDTM0.010730.0100get 0.0100% / 8h4h 28m$278K$206K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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: −0.056% → +0.024%
−$7.96
Slippage, 4 orders
−$445.06
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$477.01
Costs to cover
4.691%
Break-even
never at this rate
Slippage from Bitget: live order book, 27 min ago; KuCoin: live order book, 53 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 Bitget live order book, 27 min ago9.31 bp38.4 bp −$38220.9 bp −$2,209doesn't fitdoesn't fit
Sell KuCoin live order book, 53 min ago10.19 bp200.2 bp −$200doesn't fitdoesn'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
Aster ARPAUSDT+0.0100%8h0.01074−0.016%$4K$7K5xas long as short
Binance ARPAUSDT+0.0100%8h0.01074+0.010%$2.1M$1.6M50xas long as short
Bybit ARPAUSDT+0.0100%8h0.01074+0.028%$272K$195K25xas long as short
Gate ARPA_USDT+0.0100%8h0.01074+0.019%$68K$130K25xas long as short
MEXC ARPA_USDT+0.0100%8h0.01074+0.009%$272K$121K125xas long as short
KuCoin ARPAUSDTMshort+0.0100%8h0.01073−0.056%$278K$206K30x
Bitget ARPAUSDTlong+0.0100%8h0.01074long leg$477K$258K50x
BingX ARPA-USDT+0.0100%8h0.010740.000%$1.2Mas long as short
Variational Omni ARPA+0.0100%8h0.01075+0.048%$8K$107as long as short
BloFin ARPA-USDT+0.0101%8h0.01073−0.102%$137K$21K50xas long as short