Funding arb · Price arb /

AR

all AR markets

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 +0.021%

Price spread now: Bybit against MEXC−0.045%7-day average −0.097% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$850.854% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 7 days+0.027%+$3 · spread now −0.045%, 7d avg −0.097%

Together, before fees−0.033%−$3 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: Bybit is 0.052% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AR_USDT	4.4490	0.0100	pay 0.0100% / 8h	2h 02m	$6.7M	$4.8M	100x
Short	Bybit ARUSDT	4.4470	0.0100	get 0.0100% / 8h	2h 02m	$4.6M	$9.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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 MEXCbpFee BybitbpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → −0.097%: $5.18
Slippage, 4 orders: −$70.37
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$80.19
Costs to cover: 0.854%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Bybit: 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 MEXC live order book, 5 min ago	1.12 bp	3.1 bp −$3	15.5 bp −$155	209.7 bp −$21.0K	doesn't fit
Sell Bybit live order book, 5 min ago	1.12 bp	34.1 bp −$34	148.7 bp −$1,487	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	−0.2017%	1h	4.4476	−0.031%	$46K	$155K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.4499	+0.019%	$572K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	+2.765%	$3K	$363	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.4546	+0.126%	$3.8M	$4.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.4517	+0.060%	$20K	$621K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.4484	−0.013%	$8.7M	$55.8M	75x	as long as short
Bybit ARUSDTshort	+0.0100%	8h	4.4470	−0.045%	$4.6M	$9.0M	75x
OKX AR-USDT-SWAP	+0.0100%	8h	4.4440	−0.112%	$2.2M	$20.4M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.4440	−0.112%	$2.5M	$2.3M	50x	as long as short
MEXC AR_USDTlong	+0.0100%	8h	4.4490	long leg	$6.7M	$4.8M	100x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ARUSDTM	+0.0100%	8h	4.4460	−0.067%	$1.4M	$1.1M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.4440	−0.112%	$3.8M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.4450	−0.090%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.4458	−0.072%	$135K	$174K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.4490	0.000%	$56K	$748K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.4478	−0.026%	$36K	$237K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.4470	−0.045%	$419K	$666K	20x	as long as short