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: Gate against Bybit−0.009%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$737as in the Funding arb table
Net, price: spread back to 7d avg − costs−$731as in the Price arb table
costs, in and out, $10k−$7347.345% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.027%−$3 on $10k
Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.009%, 7d avg −0.039%
Together, before fees−0.041%−$4 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: Gate is 0.030% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.039%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ARPAUSDT0.010770.0100pay 0.0100% / 8h3h 33m$272K$189K25x
ShortGate ARPA_USDT0.010770.0100get 0.0100% / 8h3h 33m$67K$131K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: −0.009% → −0.039%
$2.96
Slippage, 4 orders
−$708.46
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$731.5
Costs to cover
7.345%
Break-even
never at this rate
Slippage from Bybit: live order book, 2 min ago; Gate: live order book, 12 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, 2 min ago2.32 bp107.3 bp −$107doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 12 min ago5.09 bp286.7 bp −$287doesn'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%8h0.01076−0.068%$4K$7K5xas long as short
Binance ARPAUSDT+0.0100%8h0.01077−0.007%$2.1M$1.5M50xas long as short
Bybit ARPAUSDTlong+0.0100%8h0.01077long leg$272K$189K25x
Gate ARPA_USDTshort+0.0100%8h0.01077−0.009%$67K$131K25x
MEXC ARPA_USDT+0.0100%8h0.01077−0.019%$270K$121K125xas long as short
KuCoin ARPAUSDTM+0.0100%8h0.01076−0.084%$278K$203K30xas long as short
Bitget ARPAUSDT+0.0100%8h0.01077−0.009%$481K$244K50xas long as short
BingX ARPA-USDT+0.0100%8h0.01077−0.046%$1.2Mas long as short
Variational Omni ARPA+0.0100%8h0.01077+0.006%$8K$107as long as short
BloFin ARPA-USDT+0.0120%8h0.01077−0.037%$137K$18K50xas long as short