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

ARPA

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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: BingX against Bybit+0.056%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$268as in the Funding arb table
Net, price: spread back to 7d avg − costs−$260as in the Price arb table
costs, in and out, $10k−$2692.688% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.009%+$1 on $10k
Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.056%, 7d avg −0.030%
Together, before fees−0.030%−$3 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 0.086% dearer against Bybit than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.030%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ARPAUSDT0.010730.0100pay 0.0100% / 8h7h 42m$274K$217K25x
ShortBingX ARPA-USDT0.010740.0100get 0.0100% / 8h7h 42m$1.2M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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% → −0.030%
$8.56
Slippage, 4 orders
−$247.84
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BingX: 5 bp × 2 orders
−$10
Net
−$260.28
Costs to cover
2.688%
Break-even
never at this rate
Slippage from Bybit: live order book, 13 min ago; BingX: live order book, 8 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 Bybit live order book, 13 min ago4.67 bp107.7 bp −$108doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 8 min ago7.01 bp28.7 bp −$2982.7 bp −$827443.5 bp −$44.3K483.6 bp −$241.8K

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%8h0.01073+0.027%$4K$7K5xas long as short
Binance ARPAUSDT+0.0100%8h0.01075+0.146%$2.1M$1.6M50xas long as short
Bybit ARPAUSDTlong+0.0100%8h0.01073long leg$274K$217K25x
MEXC ARPA_USDT+0.0100%8h0.01075+0.140%$274K$124K125xas long as short
KuCoin ARPAUSDTM+0.0100%8h0.01073+0.009%$309K$187K30xas long as short
Bitget ARPAUSDT+0.0100%8h0.01074+0.075%$486K$249K50xas long as short
BingX ARPA-USDTshort+0.0100%8h0.01074+0.056%$1.2M
Variational Omni ARPA+0.0100%8h0.01072−0.132%$8K$107as long as short
BloFin ARPA-USDT+0.0125%8h0.01074+0.121%$138K$23K50xas long as short
Gate ARPA_USDT+0.0342%8h0.01073+0.019%$66K$121K25xas long as short