AR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h +0.018%

Price spread now: KuCoin against BloFin−0.353%65s7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$247as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2462.462% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)+0.153%+$15 · spread now −0.353%, 7d avg +0.019%

Together, before fees+0.144%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.372% cheaper against BloFin than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of +0.019%). Swap the legs. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AR-USDT	4.2510	0.0220	pay 0.0220% / 8h	1h 44m	$414K	$458K	20x
Short	KuCoin ARUSDTM	4.2360	0.0100	get 0.0100% / 8h	1h 44m	$1.1M	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.353%Rate

Funding earned: −$25.2
Price spread: −0.353% → +0.019%: −$37.21
Slippage, 4 orders: −$222.17
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$308.58
Costs to cover: 2.462%
Break-even: never at this rate

Slippage from BloFin: live order book, 42 min ago; KuCoin: live order book, 11 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, 42 min ago	1.20 bp	19.7 bp −$20	37.7 bp −$377	doesn't fit	doesn't fit
Sell KuCoin live order book, 11 min ago	7.09 bp	107.5 bp −$108	724.4 bp −$7,244	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	−0.2668%	1h	4.2307	−0.478%	$52K	$184K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.2437	−0.172%	$545K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+4.070%	$2K	$5K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.2467	−0.101%	$3.4M	$4.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.2423	−0.205%	$42K	$450K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.2450	−0.141%	$8.4M	$52.3M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.2407	−0.242%	$4.2M	$9.3M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.2420	−0.212%	$2.2M	$17.1M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.2380	−0.306%	$2.0M	$3.4M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.2430	−0.188%	$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 ARUSDTMshort	+0.0100%	8h	4.2360	−0.353%	$1.1M	$1.3M	50x
Bitget ARUSDT	+0.0100%	8h	4.2400	−0.259%	$3.7M	$5.5M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.2430	−0.188%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.2098	−0.970%	$238K	$628K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.2190	−0.753%	$20K	$715K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.2412	−0.231%	$35K	$243K	10x	as long as short
BloFin AR-USDTlong	+0.0220%	8h	4.2510	long leg	$414K	$458K	20x