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 +0.031%

Price spread now: BingX against Gate+0.067%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$184as in the Funding arb table

Net, price: spread back to 7d avg − costs−$184as in the Price arb table

costs, in and out, $10k−$1901.896% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 7 days−0.062%−$6 · spread now +0.067%, 7d avg +0.011%

Together, before fees−0.001%$0 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 0.055% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AR_USDT	4.4990	0.0100	pay 0.0100% / 8h	1h 30m	$2.5M	$2.3M	50x
Short	BingX AR-USDT	4.5020	0.0100	get 0.0100% / 8h	1h 30m	—	$2.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now +0.067%Rate

Funding earned: $0
Price spread: +0.067% → +0.011%: $5.55
Slippage, 4 orders: −$164.64
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$184.09
Costs to cover: 1.896%
Break-even: never at this rate

Slippage from Gate: live order book, 2 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 Gate live order book, 2 min ago	4.45 bp	78.2 bp −$78	393.3 bp −$3,933	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	4.47 bp	21.2 bp −$21	50.9 bp −$509	352.5 bp −$35.2K	737.7 bp −$368.8K

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	−0.1923%	1h	4.5001	+0.025%	$47K	$155K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.5047	+0.127%	$579K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	+1.623%	$3K	$339	5.5x	as long as short
OKX AR-USDT-SWAP	+0.0079%	8h	4.4980	−0.022%	$2.3M	$20.5M	20x	as long as short
Extended AR-USD	+0.0096%	1h	4.5011	+0.048%	$37K	$237K	10x	as long as short
Binance ARUSDT	+0.0099%	8h	4.5020	+0.067%	$8.8M	$55.4M	75x	as long as short
MEXC AR_USDT	+0.0099%	8h	4.5000	+0.022%	$6.8M	$4.5M	100x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5082	+0.204%	$3.8M	$4.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.4994	+0.008%	$20K	$618K	10x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5010	+0.044%	$4.6M	$8.9M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AR_USDTlong	+0.0100%	8h	4.4990	long leg	$2.5M	$2.3M	50x
KuCoin ARUSDTM	+0.0100%	8h	4.5010	+0.044%	$1.4M	$1.1M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.4970	−0.044%	$3.8M	$5.6M	75x	as long as short
BingX AR-USDTshort	+0.0100%	8h	4.5020	+0.067%	—	$2.9M	—
Variational Omni AR	+0.0100%	8h	4.4680	−0.689%	$136K	$174K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.4970	−0.044%	$57K	$746K	50x	as long as short
BloFin AR-USDT	+0.0219%	8h	4.4940	−0.111%	$419K	$667K	20x	as long as short