Settings8H · net · $10k
Funding arb · Price arb /

AR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h +0.001%
Price spread now: Extended against BloFin−0.104%114s7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$930.926% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.102%−$10 on $10k
Price spread, last 4 days (all we have)−0.038%−$4 · spread now −0.104%, 7d avg +0.025%
Together, before fees−0.140%+ Points / potential airdropExtended: Active · farm board−$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.129% cheaper against BloFin than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.025%). Swap the legs. The two prices were read 114 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin AR-USDT4.54300.0220pay 0.0220% / 8h5h 07m$434K$493K20x
ShortExtended AR-USD4.53830.0104get 0.0013% / 1h7m 22s$37K$235K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
−$24.36
Price spread: −0.104% → +0.025%
−$12.85
Slippage, 4 orders
−$75.57
Fee BloFin: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$129.78
Costs to cover
0.926%
Break-even
never at this rate
Slippage from BloFin: live order book, 34 min ago; Extended: live order book, 55 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 34 min ago1.10 bp20.5 bp −$2044.4 bp −$444doesn't fitdoesn't fit
Sell Extended live order book, 55 min ago5.60 bp27.5 bp −$27281.0 bp −$2,810doesn't fitdoesn't fit

AR on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX AR/USD [WBTC.b-USDC]L −0.0141% / S +0.0551%1h4.5411−0.043%$584K50xas long as short
OKX AR-USDT-SWAP−0.0035%8h4.5370−0.132%$2.3M$18.5M20xas long as short
Injective AR/USDC PERP+0.0033%1h4.5290−0.308%$548$3K5.5xas long as short
Hyperliquid AR+0.0100%1h4.5485+0.121%$4.1M$4.5M5xas long as short
Aster ARUSDT+0.0100%8h4.5384−0.101%$19K$492K10xas long as short
Binance ARUSDT+0.0100%8h4.5393−0.082%$9.0M$50.5M75xas long as short
Bybit ARUSDT+0.0100%8h4.5393−0.081%$4.7M$8.2M75xas long as short
Gate AR_USDT+0.0100%8h4.5420−0.022%$2.6M$2.0M50xas long as short
MEXC AR_USDT+0.0100%8h4.5420−0.022%$6.5M$4.3M100xas long as short
KuCoin ARUSDTM+0.0100%8h4.5390−0.088%$1.2M$1.2M50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ARUSDT+0.0100%8h4.54300.000%$4.0M$5.2M75xas long as short
BingX AR-USDT+0.0100%8h4.5400−0.066%$2.8Mas long as short
Variational Omni AR+0.0100%8h4.5341−0.196%$235K$253Kas long as short
ApeX Omni ARUSDT+0.0100%1h4.54300.000%$20K$722K50xas long as short
Extended AR-USDshort+0.0104%1h4.5383−0.104%$37K$235K10x
BloFin AR-USDTlong+0.0220%8h4.5430long leg$434K$493K20x
Kraken Futures PF_ARUSD+0.1924%1h4.5448+0.040%$56K$149K20xas long as short