Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.027%

Price spread now: OKX against Gate+0.023%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$176as in the Funding arb table

Net, price: spread back to 7d avg − costs−$172as in the Price arb table

costs, in and out, $10k−$1761.759% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 7 days+0.144%+$14 · spread now +0.023%, 7d avg −0.016%

Together, before fees+0.147%+$15 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: OKX is 0.039% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AR_USDT	4.3360	0.0100	pay 0.0100% / 8h	6h 58m	$2.3M	$3.6M	50x
Short	OKX AR-USDT-SWAP	4.3370	0.0100	get 0.0100% / 8h	6h 58m	$2.2M	$13.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → −0.016%: $3.88
Slippage, 4 orders: −$150.87
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$171.99
Costs to cover: 1.759%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; OKX: 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 Gate live order book, 5 min ago	6.88 bp	51.9 bp −$52	430.2 bp −$4,302	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	1.15 bp	21.1 bp −$21	109.3 bp −$1,093	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	−0.1703%	1h	4.3578	+0.504%	$49K	$151K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.3489	+0.297%	$558K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+2.030%	$2K	$5K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.3432	+0.166%	$3.9M	$4.3M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.3344	−0.037%	$32K	$217K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.3347	−0.030%	$8.5M	$42.9M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.3365	+0.012%	$4.5M	$8.0M	75x	as long as short
OKX AR-USDT-SWAPshort	+0.0100%	8h	4.3370	+0.023%	$2.2M	$13.6M	20x
Gate AR_USDTlong	+0.0100%	8h	4.3360	long leg	$2.3M	$3.6M	50x
MEXC AR_USDT	+0.0100%	8h	4.3370	+0.023%	$6.1M	$3.4M	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ARUSDTM	+0.0100%	8h	4.3370	+0.023%	$1.1M	$1.1M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.3330	−0.069%	$3.7M	$4.7M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.3380	+0.046%	—	$2.7M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.3407	+0.108%	$250K	$510K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.3500	+0.323%	$21K	$706K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.3335	−0.058%	$36K	$246K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.3440	+0.185%	$416K	$426K	20x	as long as short