Funding arb · Price arb /

AR

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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 0.000%

Price spread now: Bitget against Bybit+0.087%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1251.252% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.144%+$14 on $10k

Price spread, last 7 days−0.069%−$7 · spread now +0.087%, 7d avg +0.025%

Together, before fees+0.075%+$7 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: Bitget is 0.063% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARUSDT	4.5830	0.0100	pay 0.0100% / 8h	47m 50s	$4.6M	$9.0M	75x
Short	Bitget ARUSDT	4.5870	0.0100	get 0.0100% / 8h	47m 50s	$3.9M	$5.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.087%Rate

Funding earned: $0
Price spread: +0.087% → +0.025%: $6.27
Slippage, 4 orders: −$102.18
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$118.91
Costs to cover: 1.252%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Bitget: live order book, 5 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, 5 min ago	1.09 bp	42.3 bp −$42	155.9 bp −$1,559	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	5.45 bp	21.6 bp −$22	63.2 bp −$632	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	−0.1963%	1h	4.5840	+0.022%	$52K	$163K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.5862	+0.069%	$589K	—	50x	as long as short
OKX AR-USDT-SWAP	+0.0004%	8h	4.5800	−0.065%	$2.4M	$20.9M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	−0.240%	$3K	$339	5.5x	as long as short
ApeX Omni ARUSDT	+0.0034%	1h	4.6080	+0.545%	$58K	$747K	50x	as long as short
MEXC AR_USDT	+0.0052%	8h	4.5870	+0.087%	$6.8M	$4.4M	100x	as long as short
Binance ARUSDT	+0.0052%	8h	4.5836	+0.014%	$9.1M	$55.8M	75x	as long as short
Extended AR-USD	+0.0056%	1h	4.5841	+0.024%	$37K	$237K	10x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5932	+0.223%	$4.1M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5823	−0.014%	$20K	$611K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ARUSDTlong	+0.0100%	8h	4.5830	long leg	$4.6M	$9.0M	75x
Gate AR_USDT	+0.0100%	8h	4.5840	+0.022%	$2.6M	$2.3M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5850	+0.044%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDTshort	+0.0100%	8h	4.5870	+0.087%	$3.9M	$5.6M	75x
BingX AR-USDT	+0.0100%	8h	4.5820	−0.022%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.6024	+0.424%	$139K	$172K	—	as long as short
BloFin AR-USDT	+0.0172%	8h	4.5830	0.000%	$430K	$675K	20x	as long as short