Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.008%

Price spread now: BingX against Extended+0.072%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$970.968% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.072%, 7d avg −0.025%

Together, before fees−0.041%+ Points / potential airdropExtended: Active · farm board−$4 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: BingX is 0.097% dearer against Extended than usual: you sell high and buy low, +$10 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	Extended AR-USD	4.4208	0.0104	pay 0.0013% / 1h	8m 31s	$40K	$265K	10x
Short	BingX AR-USDT	4.4240	0.0100	get 0.0100% / 8h	4h 08m	—	$2.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now +0.072%Rate

Funding earned: −$0.84
Price spread: +0.072% → −0.025%: $9.66
Slippage, 4 orders: −$81.84
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$88.02
Costs to cover: 0.968%
Break-even: never at this rate

Slippage from Extended: live order book, 31 min ago; BingX: live order book, 4 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 Extended live order book, 31 min ago	6.72 bp	30.0 bp −$30	214.7 bp −$2,147	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	4.53 bp	19.7 bp −$20	46.5 bp −$465	344.6 bp −$34.5K	756.2 bp −$378.1K

AR on 17 exchanges

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 −0.0140% / S +0.0550%	1h	4.4206	−0.004%	$568K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+0.072%	$2K	$5K	5.5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.4200	−0.019%	$31K	$140K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.4240	+0.072%	$8.8M	$39.2M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.4240	+0.072%	$4.5M	$7.2M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.4210	+0.004%	$2.3M	$12.0M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.4180	−0.064%	$2.2M	$3.6M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.4250	+0.095%	$6.5M	$3.5M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.4200	−0.019%	$1.1M	$1.1M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.4210	+0.004%	$3.8M	$4.3M	75x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AR-USDTshort	+0.0100%	8h	4.4240	+0.072%	—	$2.7M	—
Variational Omni AR	+0.0100%	8h	4.4083	−0.284%	$246K	$531K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.4120	−0.200%	$22K	$692K	50x	as long as short
Extended AR-USDlong	+0.0104%	1h	4.4208	long leg	$40K	$265K	10x
BloFin AR-USDT	+0.0220%	8h	4.4150	−0.132%	$426K	$370K	20x	as long as short
Hyperliquid AR	+0.0348%	1h	4.4306	+0.221%	$4.4M	$4.1M	5x	as long as short
Kraken Futures PF_ARUSD	+0.0370%	1h	4.4223	+0.033%	$48K	$148K	20x	as long as short