Funding arb · Price arb /

ARX

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Swap Backtest

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 +0.043%

Price spread now: KuCoin against Bitget−0.023%7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$708as in the Funding arb table

Net, price: spread back to 7d avg − costs−$701as in the Price arb table

costs, in and out, $10k−$7067.061% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 4 days (all we have)−0.120%−$12 · spread now −0.023%, 7d avg −0.075%

Together, before fees−0.142%−$14 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 0.052% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ARXUSDT	0.2149	0.0100	pay 0.0050% / 4h	1h 39m	$2.1M	$1.8M	20x
Short	KuCoin ARXUSDTM	0.2148	0.0100	get 0.0050% / 4h	1h 39m	$751K	$852K	20x

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

Position, each leg$Hold fordaysFee BitgetbpFee KuCoinbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → −0.075%: $5.17
Slippage, 4 orders: −$682.11
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$700.94
Costs to cover: 7.061%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; KuCoin: live order book, 30 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 Bitget live order book, 3 min ago	7.90 bp	65.4 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 30 min ago	18.07 bp	310.7 bp −$311	doesn't fit	doesn't fit	doesn't fit

ARX on 10 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
BloFin ARX-USDT	+0.0092%	4h	0.2152	+0.144%	$244K	$44K	20x	as long as short
Bybit ARXUSDT	+0.0100%	4h	0.2151	+0.098%	$4.3M	$2.6M	20x	as long as short
OKX ARX-USDT-SWAP	+0.0100%	4h	0.2149	+0.005%	$752K	$3.5M	20x	as long as short
Gate ARX_USDT	+0.0100%	4h	0.2161	+0.563%	$1.1M	$454K	20x	as long as short
KuCoin ARXUSDTMshort	+0.0100%	4h	0.2148	−0.023%	$751K	$852K	20x
Bitget ARXUSDTlong	+0.0100%	4h	0.2149	long leg	$2.1M	$1.8M	20x
Binance ARXUSDT	+0.0130%	4h	0.2152	+0.162%	$5.6M	$11.9M	20x	as long as short
BingX ARX-USDT	+0.0130%	4h	0.2151	+0.098%	—	$1.7M	—	as long as short
MEXC ARX_USDT	+0.0136%	4h	0.2152	+0.144%	$899K	$434K	20x	as long as short
Aster ARXUSDT	+0.0393%	4h	0.2149	−0.016%	$82K	$100K	10x	as long as short