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 −0.027%

Price spread now: OKX against BloFin−0.189%113s7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as 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−$710.707% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 4 days (all we have)−0.069%−$7 · spread now −0.189%, 7d avg −0.035%

Together, before fees−0.183%−$18 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 OKX is 0.154% cheaper against BloFin than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.035%). Swap the legs. The two prices were read 113 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	4.2350	0.0220	pay 0.0220% / 8h	2h 01m	$410K	$458K	20x
Short	OKX AR-USDT-SWAP	4.2270	0.0100	get 0.0100% / 8h	2h 01m	$2.2M	$17.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.189%Rate

Funding earned: −$25.2
Price spread: −0.189% → −0.035%: −$15.4
Slippage, 4 orders: −$48.73
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$111.33
Costs to cover: 0.707%
Break-even: never at this rate

Slippage from BloFin: live order book, 24 min ago; OKX: 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 BloFin live order book, 24 min ago	1.20 bp	19.7 bp −$20	37.7 bp −$377	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.18 bp	22.6 bp −$23	139.7 bp −$1,397	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	−0.0913%	1h	4.2202	−0.349%	$52K	$185K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.2303	−0.110%	$543K	—	50x	as long as short
Hyperliquid AR	+0.0100%	1h	4.2324	−0.061%	$3.4M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.2311	−0.092%	$42K	$461K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.2277	−0.172%	$8.4M	$52.9M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.2263	−0.205%	$4.2M	$9.5M	75x	as long as short
OKX AR-USDT-SWAPshort	+0.0100%	8h	4.2270	−0.189%	$2.2M	$17.3M	20x
Gate AR_USDT	+0.0100%	8h	4.2220	−0.307%	$2.0M	$3.5M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.2280	−0.165%	$5.9M	$4.4M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.2250	−0.236%	$1.1M	$1.3M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ARUSDT	+0.0100%	8h	4.2240	−0.260%	$3.7M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.2270	−0.189%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.2388	+0.089%	$240K	$629K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.2450	+0.236%	$20K	$717K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.2281	−0.163%	$35K	$247K	10x	as long as short
BloFin AR-USDTlong	+0.0220%	8h	4.2350	long leg	$410K	$458K	20x
Injective AR/USDC PERP	+0.0666%	1h	4.4240	+4.463%	$2K	$5K	5.5x	as long as short