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

ARX

all ARX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0124%/8h= +13.5% APRnext payment +$0.62 per $10,000 · paid last 24h +0.074%
Price spread now: Bybit against BloFin+0.099%52s7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$439as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$4474.469% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.084%+$8 on $10k
Price spread, last 3 days (all we have)−0.259%−$26 · spread now +0.099%, 7d avg +0.014%
Together, before fees−0.175%−$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bybit is 0.084% dearer against BloFin than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.014%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ARX-USDT0.20300.0381pay 0.0190% / 4h2h 48m$239K$51K20x
ShortBybit ARXUSDT0.20320.0504get 0.0252% / 4h2h 48m$4.0M$2.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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
$25.97
Price spread: +0.099% → +0.014%
$8.44
Slippage, 4 orders
−$423.9
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$412.5
Costs to cover
4.469%
Break-even
118.2 days
Slippage from BloFin: live order book, 35 min ago; Bybit: live order book, 4 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 BloFin live order book, 35 min ago7.42 bp37.1 bp −$37doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago2.46 bp155.3 bp −$155doesn't fitdoesn't fitdoesn't fit

ARX 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
Gate ARX_USDT+0.0100%4h0.2035+0.246%$1.0M$427K20xas long as short
Bitget ARXUSDT+0.0100%4h0.2032+0.084%$1.9M$1.7M20xas long as short
OKX ARX-USDT-SWAP+0.0367%4h0.2029−0.049%$721K$2.9M20xas long as short
BloFin ARX-USDTlong+0.0381%4h0.2030long leg$239K$51K20x
KuCoin ARXUSDTM+0.0382%4h0.2030−0.005%$737K$649K20xas long as short
Bybit ARXUSDTshort+0.0504%4h0.2032+0.099%$4.0M$2.3M20x
BingX ARX-USDT+0.0518%4h0.2032+0.099%$1.6Mas long as short
MEXC ARX_USDT+0.0568%4h0.2033+0.148%$873K$396K20xas long as short
Binance ARXUSDT+0.0583%4h0.2033+0.123%$5.5M$10.9M20xas long as short
Aster ARXUSDT+0.0933%4h0.20300.000%$102K$72K10xas long as short