ARX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0108%/8h= −11.8% APRnext payment −$0.54 per $10,000 · paid last 24h −0.043%

Price spread now: BloFin against Bybit−0.145%52s7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$325as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3153.153% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.094%−$9 on $10k

Price spread, last 4 days (all we have)+0.025%+$2 · spread now −0.145%, 7d avg +0.004%

Together, before fees−0.069%−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BloFin is 0.149% cheaper against Bybit than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.004%). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARXUSDT	0.2069	0.0169	pay 0.0084% / 4h	2h 38m	$4.2M	$2.4M	20x
Short	BloFin ARX-USDT	0.2066	0.0061	get 0.0030% / 4h	2h 38m	$241K	$42K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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

Position, each leg$Hold fordaysFee BybitbpFee BloFinbpOrdersPrice spread, now −0.145%Rate

Funding earned: −$22.59
Price spread: −0.145% → +0.004%: −$14.89
Slippage, 4 orders: −$292.32
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$352.81
Costs to cover: 3.153%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; BloFin: live order book, 43 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 Bybit live order book, 4 min ago	2.41 bp	111.5 bp −$111	3033.4 bp −$30.3K	86129.8 bp −$8.61M	doesn't fit
Sell BloFin live order book, 43 min ago	4.90 bp	40.4 bp −$40	181.3 bp −$1,813	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-USDTshort	+0.0061%	4h	0.2066	−0.145%	$241K	$42K	20x
Binance ARXUSDT	+0.0100%	4h	0.2072	+0.165%	$5.5M	$11.6M	20x	as long as short
OKX ARX-USDT-SWAP	+0.0100%	4h	0.2070	+0.048%	$735K	$3.3M	20x	as long as short
Gate ARX_USDT	+0.0100%	4h	0.2076	+0.338%	$1.1M	$442K	20x	as long as short
MEXC ARX_USDT	+0.0100%	4h	0.2068	−0.048%	$883K	$432K	20x	as long as short
KuCoin ARXUSDTM	+0.0100%	4h	0.2067	−0.072%	$721K	$835K	20x	as long as short
Bitget ARXUSDT	+0.0100%	4h	0.2068	−0.043%	$2.0M	$1.8M	20x	as long as short
Bybit ARXUSDTlong	+0.0169%	4h	0.2069	long leg	$4.2M	$2.4M	20x
Aster ARXUSDT	+0.0273%	4h	0.2069	0.000%	$79K	$101K	10x	as long as short
BingX ARX-USDT	+0.0342%	4h	0.2074	+0.242%	—	$1.7M	—	as long as short