AR

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.015%

Price spread now: BloFin against BingX0.000%81s7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as 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−$800.800% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 4 days (all we have)+0.296%+$30 · spread now 0.000%, 7d avg −0.004%

Together, before fees+0.364%+$36 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 81 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	BingX AR-USDT	4.3270	0.0100	pay 0.0100% / 8h	6h 17m	—	$2.7M	—
Short	BloFin AR-USDT	4.3270	0.0220	get 0.0220% / 8h	6h 17m	$414K	$378K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $25.2
Price spread: 0.000% → −0.004%: $0.43
Slippage, 4 orders: −$58.02
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$54.39
Costs to cover: 0.800%
Break-even: 22.1 days

Slippage from BingX: live order book, 10 min ago; BloFin: 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 BingX live order book, 10 min ago	4.63 bp	23.2 bp −$23	51.5 bp −$515	443.0 bp −$44.3K	766.6 bp −$383.3K
Sell BloFin live order book, 30 min ago	1.16 bp	20.0 bp −$20	45.9 bp −$459	doesn't fit	doesn't fit

AR on 17 exchanges

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	−0.1710%	1h	4.3384	+0.263%	$47K	$156K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.3286	+0.038%	$556K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+2.242%	$2K	$5K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.3337	+0.155%	$3.8M	$4.0M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.3274	+0.009%	$31K	$194K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.3250	−0.046%	$8.4M	$42.0M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.3248	−0.051%	$4.4M	$7.8M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.3230	−0.092%	$2.3M	$13.0M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.3250	−0.046%	$2.3M	$3.6M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.3260	−0.023%	$6.2M	$3.5M	100x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ARUSDTM	+0.0100%	8h	4.3260	−0.023%	$1.1M	$1.1M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.3250	−0.046%	$3.7M	$4.6M	75x	as long as short
BingX AR-USDTlong	+0.0100%	8h	4.3270	long leg	—	$2.7M	—
Variational Omni AR	+0.0100%	8h	4.3136	−0.309%	$245K	$512K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.3160	−0.254%	$21K	$705K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.3260	−0.022%	$37K	$243K	10x	as long as short
BloFin AR-USDTshort	+0.0220%	8h	4.3270	0.000%	$414K	$378K	20x