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 −0.046%

Price spread now: OKX against Bitget+0.071%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$1021.022% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 7 days+0.040%+$4 · spread now +0.071%, 7d avg +0.006%

Together, before fees−0.047%−$5 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: OKX is 0.065% dearer against Bitget than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ARUSDT	4.2310	0.0100	pay 0.0100% / 8h	1h 57m	$3.7M	$5.6M	75x
Short	OKX AR-USDT-SWAP	4.2340	0.0100	get 0.0100% / 8h	1h 57m	$2.2M	$17.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.071%Rate

Funding earned: $0
Price spread: +0.071% → +0.006%: $6.54
Slippage, 4 orders: −$80.19
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$95.65
Costs to cover: 1.022%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; OKX: 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 Bitget live order book, 5 min ago	4.73 bp	32.4 bp −$32	92.9 bp −$929	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	1.18 bp	22.5 bp −$22	118.7 bp −$1,187	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	−0.2678%	1h	4.2151	−0.375%	$52K	$185K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.2243	−0.157%	$543K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+4.562%	$2K	$5K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.2357	+0.111%	$3.4M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.2326	+0.038%	$42K	$460K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.2312	+0.005%	$8.4M	$53.0M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.2317	+0.017%	$4.2M	$9.5M	75x	as long as short
OKX AR-USDT-SWAPshort	+0.0100%	8h	4.2340	+0.071%	$2.2M	$17.4M	20x
Gate AR_USDT	+0.0100%	8h	4.2270	−0.095%	$2.0M	$3.3M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.2340	+0.071%	$6.0M	$4.2M	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	4.2260	−0.118%	$1.1M	$1.3M	50x	as long as short
Bitget ARUSDTlong	+0.0100%	8h	4.2310	long leg	$3.7M	$5.6M	75x
BingX AR-USDT	+0.0100%	8h	4.2330	+0.047%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.2267	−0.101%	$239K	$629K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.2280	−0.071%	$20K	$716K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.2314	+0.010%	$35K	$247K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.2280	−0.071%	$410K	$455K	20x	as long as short