Funding arb · Price arb /

AR

all AR markets

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 0.000%

Price spread now: Bitget against KuCoin−0.023%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$279as in the Funding arb table

Net, price: spread back to 7d avg − costs−$272as in the Price arb table

costs, in and out, $10k−$2782.776% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 7 days+0.005%$0 · spread now −0.023%, 7d avg −0.083%

Together, before fees−0.013%−$1 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: Bitget is 0.060% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ARUSDTM	4.3910	0.0100	pay 0.0100% / 8h	3h 22m	$1.1M	$1.3M	50x
Short	Bitget ARUSDT	4.3900	0.0100	get 0.0100% / 8h	3h 22m	$3.8M	$5.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → −0.083%: $6.01
Slippage, 4 orders: −$253.6
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$271.59
Costs to cover: 2.776%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Bitget: live order book, 6 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 KuCoin live order book, 3 min ago	7.97 bp	102.4 bp −$102	775.6 bp −$7,756	doesn't fit	doesn't fit
Sell Bitget live order book, 6 min ago	4.56 bp	30.5 bp −$30	187.6 bp −$1,876	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	−0.1230%	1h	4.3877	−0.076%	$59K	$143K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.3903	−0.017%	$564K	—	50x	as long as short
Aster ARUSDT	+0.0100%	8h	4.3905	−0.011%	$30K	$467K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.3913	+0.006%	$8.6M	$50.6M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.3900	−0.023%	$4.5M	$8.5M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.3910	0.000%	$2.2M	$17.5M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.3910	0.000%	$2.5M	$1.9M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.3890	−0.046%	$6.0M	$4.2M	100x	as long as short
KuCoin ARUSDTMlong	+0.0100%	8h	4.3910	long leg	$1.1M	$1.3M	50x
Bitget ARUSDTshort	+0.0100%	8h	4.3900	−0.023%	$3.8M	$5.2M	75x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AR-USDT	+0.0100%	8h	4.3930	+0.046%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.3942	+0.073%	$233K	$414K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.3910	0.000%	$19K	$714K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.3901	−0.021%	$36K	$237K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.3850	−0.137%	$414K	$468K	20x	as long as short
Hyperliquid AR	+0.0333%	1h	4.3943	+0.075%	$3.7M	$4.4M	5x	as long as short
Injective AR/USDC PERP	+0.0433%	1h	4.4240	+0.752%	$2K	$5K	5.5x	as long as short