Funding arb · Price arb /

ARC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0296%/8h= −32.4% APRpaid last 24h −0.101%

Price spread now: Extended against BingX−0.019%7-day average +0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$257as in the Funding arb table

Net, price: spread back to 7d avg − costs−$256as in the Price arb table

costs, in and out, $10k−$2492.489% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.082%−$8 on $10k

Price spread, last 4 days (all we have)+0.103%+$10 · spread now −0.019%, 7d avg +0.049%

Together, before fees+0.020%+ Points / potential airdropExtended: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Extended is 0.068% cheaper against BingX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.049%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.082% in total (about -4.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ARC-USDT	0.08135	0.0400	pay 0.0200% / 4h	9m 52s	—	$1.7M	—
Short	Extended ARC-USD	0.08133	0.0104	get 0.0013% / 1h	9m 52s	$31K	$283K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BingX. 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 BingXbpFee ExtendedbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$62.16
Price spread: −0.019% → +0.049%: −$6.76
Slippage, 4 orders: −$233.87
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$317.8
Costs to cover: 2.489%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; Extended: live order book, 30 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 BingX live order book, 11 min ago	6.12 bp	38.6 bp −$39	124.7 bp −$1,247	579.7 bp −$58.0K	835.0 bp −$417.5K
Sell Extended live order book, 30 min ago	5.99 bp	81.9 bp −$82	583.0 bp −$5,830	doesn't fit	doesn't fit

ARC on 12 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
BloFin ARC-USDT	+0.0065%	4h	0.08131	−0.049%	$1.3M	$38K	20x	as long as short
Lighter ARC	+0.0096%	1h	0.08128	−0.090%	$39K	$6K	3x	as long as short
Aster ARCUSDT	+0.0100%	4h	0.08123	−0.152%	$19K	$14K	5x	as long as short
Binance ARCUSDT	+0.0100%	4h	0.08136	+0.017%	$25.3M	$4.9M	20x	as long as short
Gate ARC_USDT	+0.0100%	4h	0.08108	−0.332%	$3.1M	$173K	20x	as long as short
KuCoin ARCUSDTM	+0.0100%	4h	0.08134	−0.014%	$1.3M	$1.6M	20x	as long as short
Bitget ARCUSDT	+0.0100%	4h	0.08123	−0.148%	$1.7M	$403K	10x	as long as short
SunX ARC-USDT	+0.0100%	4h	0.08119	−0.197%	$1K	$1.1M	20x	as long as short
Extended ARC-USDshort	+0.0104%	1h	0.08133	−0.019%	$31K	$283K	5x
Bybit ARCUSDT	+0.0352%	4h	0.08127	−0.098%	$3.1M	$3.5M	13x	as long as short

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ARC-USDTlong	+0.0400%	4h	0.08135	long leg	—	$1.7M	—
Kraken Futures PF_ARCUSD	+0.1346%	1h	0.08103	−0.393%	$55K	$41K	20x	as long as short