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: BingX against BloFin+0.070%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$710.714% of the position

Long on BloFin Short on BingX

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)−0.184%−$18 · spread now +0.070%, 7d avg +0.006%

Together, before fees−0.252%−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.064% dearer against BloFin than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of +0.006%): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 43 hours. At the pace of the last 7 days (−0.068% in total) that is about 6.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AR-USDT	4.2770	0.0220	pay 0.0220% / 8h	7h 33m	$412K	$437K	20x
Short	BingX AR-USDT	4.2800	0.0100	get 0.0100% / 8h	7h 33m	—	$2.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against BloFin. 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 BloFinbpFee BingXbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$25.2
Price spread: +0.070% → +0.006%: $6.44
Slippage, 4 orders: −$49.4
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$90.16
Costs to cover: 0.714%
Break-even: never at this rate

Slippage from BloFin: live order book, 43 min ago; BingX: live order book, 17 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 BloFin live order book, 43 min ago	3.50 bp	14.8 bp −$15	34.6 bp −$346	doesn't fit	doesn't fit
Sell BingX live order book, 17 min ago	4.64 bp	18.3 bp −$18	27.6 bp −$276	339.9 bp −$34.0K	734.2 bp −$367.1K

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	−0.1011%	1h	4.2705	−0.152%	$53K	$134K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.2771	+0.002%	$549K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+3.437%	$2K	$5K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.2875	+0.245%	$3.9M	$4.4M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.2830	+0.141%	$32K	$255K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.2802	+0.075%	$8.5M	$43.7M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.2800	+0.070%	$4.5M	$8.2M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.2790	+0.047%	$2.2M	$14.0M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.2750	−0.047%	$2.0M	$3.1M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.2830	+0.140%	$6.0M	$3.7M	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	4.2810	+0.094%	$1.1M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.2770	0.000%	$3.7M	$4.8M	75x	as long as short
BingX AR-USDTshort	+0.0100%	8h	4.2800	+0.070%	—	$2.7M	—
Variational Omni AR	+0.0100%	8h	4.2903	+0.311%	$247K	$512K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.3130	+0.842%	$20K	$707K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.2788	+0.043%	$36K	$240K	10x	as long as short
BloFin AR-USDTlong	+0.0220%	8h	4.2770	long leg	$412K	$437K	20x