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 Bitget+0.022%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1161.160% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.134%−$13 on $10k

Price spread, last 7 days+0.003%$0 · spread now +0.022%, 7d avg −0.024%

Together, before fees−0.132%−$13 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 0.046% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ARUSDT	4.5890	0.0100	pay 0.0100% / 8h	7h 10m	$4.0M	$5.4M	75x
Short	Bybit ARUSDT	4.5900	0.0100	get 0.0100% / 8h	7h 10m	$4.6M	$8.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → −0.024%: $4.56
Slippage, 4 orders: −$92.98
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$111.42
Costs to cover: 1.160%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Bybit: 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, 2 min ago	3.27 bp	21.3 bp −$21	79.8 bp −$798	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.18 bp	35.4 bp −$35	138.3 bp −$1,383	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	−0.2408%	1h	4.5866	−0.053%	$52K	$135K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.5919	+0.063%	$590K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0135%	8h	4.5890	0.000%	$2.4M	$19.8M	20x	as long as short
Extended AR-USD	0.0000%	1h	4.5919	+0.064%	$38K	$240K	10x	as long as short
MEXC AR_USDT	+0.0002%	8h	4.5890	0.000%	$6.5M	$4.4M	100x	as long as short
Binance ARUSDT	+0.0003%	8h	4.5910	+0.044%	$9.2M	$53.3M	75x	as long as short
BloFin AR-USDT	+0.0011%	8h	4.5940	+0.109%	$443K	$538K	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5890	0.000%	$3K	$319	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5980	+0.196%	$4.2M	$4.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5868	−0.047%	$21K	$499K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ARUSDTshort	+0.0100%	8h	4.5900	+0.022%	$4.6M	$8.5M	75x
Gate AR_USDT	+0.0100%	8h	4.5910	+0.044%	$2.6M	$2.2M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5900	+0.022%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDTlong	+0.0100%	8h	4.5890	long leg	$4.0M	$5.4M	75x
BingX AR-USDT	+0.0100%	8h	4.5910	+0.044%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5887	−0.006%	$143K	$168K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.6000	+0.240%	$23K	$741K	50x	as long as short