Funding arb · Price arb /

AR

all AR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.021%

Price spread now: Binance against Bybit−0.045%7-day average +0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$140as in the Price arb table

costs, in and out, $10k−$1271.274% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 7 days+0.086%+$9 · spread now −0.045%, 7d avg +0.083%

Together, before fees+0.146%+$15 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: Binance is 0.128% cheaper against Bybit than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARUSDT	4.4640	0.0100	pay 0.0100% / 8h	2h 11m	$4.6M	$9.0M	75x
Short	Binance ARUSDT	4.4620	0.0100	get 0.0100% / 8h	2h 11m	$8.7M	$55.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → +0.083%: −$12.81
Slippage, 4 orders: −$106.38
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$140.19
Costs to cover: 1.274%
Break-even: never at this rate

Slippage from Bybit: live order book, 7 min ago; Binance: live order book, 16 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 Bybit live order book, 7 min ago	2.24 bp	54.7 bp −$55	163.1 bp −$1,631	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	1.11 bp	17.1 bp −$17	48.0 bp −$480	367.2 bp −$36.7K	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	−0.2010%	1h	4.4640	−0.001%	$46K	$155K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.4693	+0.120%	$574K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	+2.419%	$3K	$363	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.4722	+0.184%	$3.8M	$4.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.4699	+0.133%	$20K	$621K	10x	as long as short
Binance ARUSDTshort	+0.0100%	8h	4.4620	−0.045%	$8.7M	$55.9M	75x
Bybit ARUSDTlong	+0.0100%	8h	4.4640	long leg	$4.6M	$9.0M	75x
OKX AR-USDT-SWAP	+0.0100%	8h	4.4630	−0.022%	$2.2M	$20.6M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.4620	−0.045%	$2.5M	$2.3M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.4640	0.000%	$6.8M	$4.8M	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	4.4650	+0.022%	$1.4M	$1.1M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.4610	−0.067%	$3.8M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.4630	−0.022%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.4693	+0.119%	$137K	$172K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.4760	+0.269%	$57K	$747K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.4620	−0.044%	$36K	$237K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.4640	0.000%	$420K	$667K	20x	as long as short