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: Bybit against BingX+0.023%7-day average −0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$960.957% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.106%−$11 on $10k

Price spread, last 7 days−0.054%−$5 · spread now +0.023%, 7d avg −0.051%

Together, before fees−0.160%−$16 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: Bybit is 0.074% dearer against BingX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AR-USDT	4.2890	0.0100	pay 0.0100% / 8h	1h 34m	—	$2.8M	—
Short	Bybit ARUSDT	4.2900	0.0100	get 0.0100% / 8h	1h 34m	$4.3M	$9.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → −0.051%: $7.42
Slippage, 4 orders: −$74.72
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$88.3
Costs to cover: 0.957%
Break-even: never at this rate

Slippage from BingX: live order book, 5 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 5 min ago	4.71 bp	21.8 bp −$22	47.8 bp −$478	404.1 bp −$40.4K	740.9 bp −$370.4K
Sell Bybit live order book, 4 min ago	2.36 bp	17.3 bp −$17	101.4 bp −$1,014	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	−0.2653%	1h	4.2536	−0.826%	$52K	$178K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.2650	−0.560%	$548K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+3.148%	$2K	$5K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.2875	−0.035%	$3.5M	$4.7M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.2843	−0.109%	$42K	$444K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.2869	−0.049%	$8.5M	$51.0M	75x	as long as short
Bybit ARUSDTshort	+0.0100%	8h	4.2900	+0.023%	$4.3M	$9.1M	75x
OKX AR-USDT-SWAP	+0.0100%	8h	4.2900	+0.023%	$2.3M	$16.9M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.2840	−0.117%	$2.0M	$3.4M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.2860	−0.070%	$6.2M	$4.3M	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ARUSDTM	+0.0100%	8h	4.2790	−0.233%	$1.1M	$1.3M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.2790	−0.233%	$3.7M	$5.4M	75x	as long as short
BingX AR-USDTlong	+0.0100%	8h	4.2890	long leg	—	$2.8M	—
Variational Omni AR	+0.0100%	8h	4.2568	−0.752%	$245K	$588K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.2490	−0.933%	$20K	$712K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.2700	−0.444%	$36K	$243K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.2660	−0.536%	$411K	$452K	20x	as long as short