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: Binance against Bitget0.000%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$680.679% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.088%−$9 on $10k

Price spread, last 7 days+0.012%+$1 · spread now 0.000%, 7d avg +0.061%

Together, before fees−0.075%−$8 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: Binance is 0.061% cheaper against Bitget than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ARUSDT	4.4330	0.0100	pay 0.0100% / 8h	3h 54m	$3.9M	$5.1M	75x
Short	Binance ARUSDT	4.4330	0.0100	get 0.0100% / 8h	3h 54m	$8.7M	$50.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.061%: −$6.08
Slippage, 4 orders: −$45.93
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$74.01
Costs to cover: 0.679%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Binance: live order book, 2 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 Bitget live order book, 3 min ago	6.77 bp	14.5 bp −$14	40.9 bp −$409	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	1.13 bp	14.0 bp −$14	54.6 bp −$546	302.8 bp −$30.3K	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	−0.1219%	1h	4.4246	−0.189%	$60K	$159K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.4340	+0.023%	$570K	—	50x	as long as short
OKX AR-USDT-SWAP	+0.0083%	8h	4.4310	−0.045%	$2.3M	$17.6M	20x	as long as short
Aster ARUSDT	+0.0100%	8h	4.4344	+0.031%	$26K	$478K	10x	as long as short
Binance ARUSDTshort	+0.0100%	8h	4.4330	0.000%	$8.7M	$50.0M	75x
Bybit ARUSDT	+0.0100%	8h	4.4320	−0.023%	$4.5M	$8.2M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.4330	0.000%	$2.5M	$1.9M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.4370	+0.090%	$6.3M	$4.0M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.4320	−0.023%	$1.1M	$1.2M	50x	as long as short
Bitget ARUSDTlong	+0.0100%	8h	4.4330	long leg	$3.9M	$5.1M	75x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AR-USDT	+0.0100%	8h	4.4350	+0.045%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.4267	−0.142%	$234K	$246K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.4350	+0.045%	$19K	$718K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.4317	−0.029%	$36K	$236K	10x	as long as short
Hyperliquid AR	+0.0183%	1h	4.4405	+0.169%	$4.0M	$4.3M	5x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.4300	−0.068%	$423K	$466K	20x	as long as short
Injective AR/USDC PERP	+0.0433%	1h	4.4770	+0.993%	$2K	$5K	5.5x	as long as short