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: BloFin against Bybit+0.088%102s7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as 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−$1261.264% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.161%+$16 on $10k

Price spread, last 4 days (all we have)+0.111%+$11 · spread now +0.088%, 7d avg +0.042%

Together, before fees+0.273%+$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.046% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.042%. The two prices were read 102 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	Bybit ARUSDT	4.5390	0.0100	pay 0.0100% / 8h	5h 07m	$4.7M	$8.2M	75x
Short	BloFin AR-USDT	4.5430	0.0220	get 0.0220% / 8h	5h 07m	$434K	$493K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.088%Rate

Funding earned: $25.2
Price spread: +0.088% → +0.042%: $4.58
Slippage, 4 orders: −$103.44
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$96.65
Costs to cover: 1.264%
Break-even: 33.8 days

Slippage from Bybit: live order book, 5 min ago; BloFin: live order book, 33 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	2.21 bp	45.7 bp −$46	156.2 bp −$1,562	doesn't fit	doesn't fit
Sell BloFin live order book, 33 min ago	1.10 bp	18.5 bp −$19	36.7 bp −$367	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
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.5446	+0.123%	$584K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0035%	8h	4.5370	−0.044%	$2.3M	$18.5M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5290	−0.220%	$548	$3K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5475	+0.187%	$4.1M	$4.5M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5380	−0.022%	$19K	$492K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.5390	0.000%	$9.0M	$50.5M	75x	as long as short
Bybit ARUSDTlong	+0.0100%	8h	4.5390	long leg	$4.7M	$8.2M	75x
Gate AR_USDT	+0.0100%	8h	4.5420	+0.066%	$2.6M	$2.0M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.5400	+0.022%	$6.5M	$4.3M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5420	+0.066%	$1.2M	$1.2M	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	4.5430	+0.088%	$4.0M	$5.2M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5410	+0.044%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5341	−0.108%	$235K	$253K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5430	+0.088%	$20K	$722K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.5376	−0.031%	$37K	$235K	10x	as long as short
BloFin AR-USDTshort	+0.0220%	8h	4.5430	+0.088%	$434K	$493K	20x
Kraken Futures PF_ARUSD	+0.1924%	1h	4.5448	+0.129%	$56K	$149K	20x	as long as short