Funding arb · Price arb /

AR

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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 +0.021%

Price spread now: BingX against Binance+0.013%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$760.760% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 7 days−0.007%−$1 · spread now +0.013%, 7d avg −0.034%

Together, before fees+0.052%+$5 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 0.047% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ARUSDT	4.2614	0.0100	pay 0.0100% / 8h	38m 24s	$8.5M	$48.0M	75x
Short	BingX AR-USDT	4.2620	0.0100	get 0.0100% / 8h	38m 24s	—	$2.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → −0.034%: $4.72
Slippage, 4 orders: −$55.98
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$71.26
Costs to cover: 0.760%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; BingX: live order book, 11 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 Binance live order book, 4 min ago	1.17 bp	17.0 bp −$17	75.2 bp −$752	541.0 bp −$54.1K	doesn't fit
Sell BingX live order book, 11 min ago	4.65 bp	22.0 bp −$22	53.8 bp −$538	339.6 bp −$34.0K	741.0 bp −$370.5K

AR on 17 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
Kraken Futures PF_ARUSD	−0.1524%	1h	4.2592	−0.053%	$53K	$141K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.2629	+0.034%	$547K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+3.815%	$2K	$5K	5.5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.2643	+0.068%	$32K	$403K	10x	as long as short
Binance ARUSDTlong	+0.0100%	8h	4.2614	long leg	$8.5M	$48.0M	75x
Bybit ARUSDT	+0.0100%	8h	4.2601	−0.031%	$4.4M	$8.8M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.2560	−0.127%	$2.2M	$15.8M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.2550	−0.151%	$2.0M	$3.2M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.2630	+0.037%	$5.9M	$4.0M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.2660	+0.107%	$1.1M	$1.2M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ARUSDT	+0.0100%	8h	4.2580	−0.081%	$3.7M	$5.1M	75x	as long as short
BingX AR-USDTshort	+0.0100%	8h	4.2620	+0.013%	—	$2.7M	—
Variational Omni AR	+0.0100%	8h	4.2717	+0.240%	$245K	$515K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.2780	+0.389%	$21K	$711K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.2604	−0.023%	$36K	$243K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.2630	+0.037%	$414K	$443K	20x	as long as short
Hyperliquid AR	+0.0389%	1h	4.2716	+0.239%	$3.9M	$4.7M	5x	as long as short