AR

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.027%

Price spread now: BloFin against MEXC−0.138%64s7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$440.436% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.118%+$12 on $10k

Price spread, last 4 days (all we have)+0.258%+$26 · spread now −0.138%, 7d avg −0.056%

Together, before fees+0.377%+$38 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.082% cheaper against MEXC than usual: you would sell low and buy high (spread −0.138% now, against its 7-day average of −0.056%). If the spread goes back, that is −$8 on $10k: about 2.3 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.118% in total) that is about 4.8 days. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AR_USDT	4.3400	0.0100	pay 0.0100% / 8h	5h 48m	$6.4M	$3.4M	100x
Short	BloFin AR-USDT	4.3340	0.0220	get 0.0220% / 8h	5h 48m	$418K	$368K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 MEXCbpFee BloFinbpOrdersPrice spread, now −0.138%Rate

Funding earned: $25.2
Price spread: −0.138% → −0.056%: −$8.19
Slippage, 4 orders: −$27.64
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$26.63
Costs to cover: 0.436%
Break-even: 14.4 days

Slippage from MEXC: live order book, 3 min ago; BloFin: live order book, 60 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 MEXC live order book, 3 min ago	1.15 bp	3.2 bp −$3	17.5 bp −$175	212.4 bp −$21.2K	doesn't fit
Sell BloFin live order book, 60 min ago	1.16 bp	20.0 bp −$20	45.9 bp −$459	doesn't fit	doesn't fit

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	4.3419	+0.044%	$557K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+1.935%	$2K	$5K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.3445	+0.104%	$3.9M	$3.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.3377	−0.053%	$31K	$186K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.3400	0.000%	$8.5M	$40.3M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.3400	0.000%	$4.4M	$7.5M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.3380	−0.046%	$2.3M	$12.4M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.3380	−0.046%	$2.2M	$3.6M	50x	as long as short
MEXC AR_USDTlong	+0.0100%	8h	4.3400	long leg	$6.4M	$3.4M	100x
KuCoin ARUSDTM	+0.0100%	8h	4.3360	−0.092%	$1.1M	$1.1M	50x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ARUSDT	+0.0100%	8h	4.3380	−0.046%	$3.8M	$4.5M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.3390	−0.023%	—	$2.7M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.3404	+0.009%	$256K	$519K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.3410	+0.023%	$21K	$700K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.3366	−0.079%	$36K	$243K	10x	as long as short
BloFin AR-USDTshort	+0.0220%	8h	4.3340	−0.138%	$418K	$368K	20x
Kraken Futures PF_ARUSD	+0.0788%	1h	4.3473	+0.169%	$47K	$154K	20x	as long as short