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 0.000%

Price spread now: Bitget against BingX+0.071%7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

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

costs, in and out, $10k−$810.808% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 7 days−0.140%−$14 · spread now +0.071%, 7d avg −0.029%

Together, before fees−0.111%−$11 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: Bitget is 0.101% dearer against BingX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AR-USDT	4.2030	0.0100	pay 0.0100% / 8h	2h 16m	—	$2.8M	—
Short	Bitget ARUSDT	4.2060	0.0100	get 0.0100% / 8h	2h 16m	$3.7M	$5.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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 BingXbpFee BitgetbpOrdersPrice spread, now +0.071%Rate

Funding earned: $0
Price spread: +0.071% → −0.029%: $10.05
Slippage, 4 orders: −$58.84
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$70.79
Costs to cover: 0.808%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; Bitget: live order book, 1 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 BingX live order book, 3 min ago	4.79 bp	18.5 bp −$19	46.6 bp −$466	400.6 bp −$40.1K	745.0 bp −$372.5K
Sell Bitget live order book, 1 min ago	3.60 bp	19.4 bp −$19	98.6 bp −$986	doesn't fit	doesn't fit

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	−0.0925%	1h	4.1650	−0.904%	$51K	$179K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.1739	−0.691%	$536K	—	50x	as long as short
Hyperliquid AR	+0.0100%	1h	4.1769	−0.621%	$3.4M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.1756	−0.652%	$41K	$464K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.1750	−0.666%	$8.3M	$52.4M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.1776	−0.604%	$4.1M	$9.3M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.1790	−0.571%	$2.2M	$16.9M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.2020	−0.024%	$2.0M	$3.0M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.2050	+0.048%	$5.8M	$4.3M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.1700	−0.785%	$1.0M	$1.3M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ARUSDTshort	+0.0100%	8h	4.2060	+0.071%	$3.7M	$5.5M	75x
BingX AR-USDTlong	+0.0100%	8h	4.2030	long leg	—	$2.8M	—
Variational Omni AR	+0.0100%	8h	4.1738	−0.695%	$234K	$626K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.1830	−0.476%	$20K	$717K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.1743	−0.682%	$36K	$248K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.1730	−0.714%	$404K	$454K	20x	as long as short
Injective AR/USDC PERP	+0.0666%	1h	4.4240	+5.258%	$2K	$5K	5.5x	as long as short