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 +0.046%

Price spread now: Bybit against OKX+0.023%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$980.976% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 7 days−0.103%−$10 · spread now +0.023%, 7d avg −0.027%

Together, before fees−0.150%−$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: Bybit is 0.051% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AR-USDT-SWAP	4.2650	0.0100	pay 0.0100% / 8h	1h 06m	$2.2M	$16.5M	20x
Short	Bybit ARUSDT	4.2660	0.0100	get 0.0100% / 8h	1h 06m	$4.4M	$9.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → −0.027%: $5.08
Slippage, 4 orders: −$76.64
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$92.56
Costs to cover: 0.976%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Bybit: live order book, 2 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 OKX live order book, 2 min ago	2.35 bp	20.7 bp −$21	295.9 bp −$2,959	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.17 bp	27.1 bp −$27	86.1 bp −$861	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	−0.2647%	1h	4.2639	−0.025%	$53K	$183K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.2648	−0.004%	$547K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+3.728%	$2K	$5K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.2749	+0.232%	$3.8M	$4.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.2635	−0.036%	$32K	$411K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.2660	+0.023%	$8.5M	$50.2M	75x	as long as short
Bybit ARUSDTshort	+0.0100%	8h	4.2660	+0.023%	$4.4M	$9.0M	75x
OKX AR-USDT-SWAPlong	+0.0100%	8h	4.2650	long leg	$2.2M	$16.5M	20x
Gate AR_USDT	+0.0100%	8h	4.2610	−0.094%	$2.0M	$3.4M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.2670	+0.047%	$5.9M	$4.3M	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	4.2630	−0.047%	$1.1M	$1.3M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.2630	−0.047%	$3.7M	$5.3M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.2650	0.000%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.2657	+0.017%	$245K	$517K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.2690	+0.094%	$20K	$713K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.2688	+0.088%	$37K	$244K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.2690	+0.094%	$416K	$447K	20x	as long as short