Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.031%

Price spread now: Gate against Bybit−0.004%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$222as in the Funding arb table

Net, price: spread back to 7d avg − costs−$231as in the Price arb table

costs, in and out, $10k−$2262.259% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 7 days−0.015%−$1 · spread now −0.004%, 7d avg +0.043%

Together, before fees+0.029%+$3 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: Gate is 0.047% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARUSDT	4.5202	0.0100	pay 0.0100% / 8h	5h 31m	$4.7M	$8.4M	75x
Short	Gate AR_USDT	4.5200	0.0100	get 0.0100% / 8h	5h 31m	$2.5M	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.004%Rate

Funding earned: $0
Price spread: −0.004% → +0.043%: −$4.74
Slippage, 4 orders: −$199.93
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$230.68
Costs to cover: 2.259%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Gate: live order book, 1 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, 1 min ago	2.21 bp	47.4 bp −$47	460.1 bp −$4,601	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	5.53 bp	62.8 bp −$63	206.7 bp −$2,067	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	4.5185	−0.038%	$581K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0083%	8h	4.5180	−0.049%	$2.3M	$18.8M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5290	+0.195%	$548	$3K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5271	+0.153%	$4.1M	$4.5M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5232	+0.066%	$19K	$500K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.5200	−0.004%	$9.0M	$51.5M	75x	as long as short
Bybit ARUSDTlong	+0.0100%	8h	4.5202	long leg	$4.7M	$8.4M	75x
Gate AR_USDTshort	+0.0100%	8h	4.5200	−0.004%	$2.5M	$2.0M	50x
MEXC AR_USDT	+0.0100%	8h	4.5210	+0.018%	$6.5M	$4.3M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5200	−0.004%	$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	4.5180	−0.049%	$3.9M	$5.3M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5210	+0.018%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5276	+0.164%	$235K	$256K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5240	+0.084%	$20K	$725K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.5177	−0.054%	$37K	$239K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.5350	+0.327%	$434K	$497K	20x	as long as short
Kraken Futures PF_ARUSD	+0.1930%	1h	4.5297	+0.210%	$55K	$149K	20x	as long as short