Funding arb · Price arb /

ARC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0266%/8hpaid last 24h −0.008%

Price spread now: BingX against Extended+0.010%7-day average −0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$272as in the Funding arb table

Net, price: spread back to 7d avg − costs−$263as in the Price arb table

costs, in and out, $10k−$2692.693% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 3 days (all we have)−0.027%−$3 · spread now +0.010%, 7d avg −0.057%

Together, before fees−0.051%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and BingX is 0.066% dearer against Extended than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.057%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.024% in total (about -1.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ARC-USD	0.07702	0.0552	pay 0.0069% / 1h	6m 20s	$30K	$118K	5x
Short	BingX ARC-USDT	0.07703	0.0818	get 0.0409% / 4h	6m 20s	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now +0.010%Rate

Funding earned: $55.86
Price spread: +0.010% → −0.057%: $6.62
Slippage, 4 orders: −$254.34
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$206.87
Costs to cover: 2.693%
Break-even: 32.9 days

Slippage from Extended: live order book, 23 min ago; BingX: live order book, 1 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 Extended live order book, 23 min ago	5.43 bp	91.4 bp −$91	649.3 bp −$6,493	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	5.84 bp	40.8 bp −$41	171.7 bp −$1,717	571.9 bp −$57.2K	968.4 bp −$484.2K

ARC on 12 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
Lighter ARC	+0.0096%	1h	0.07691	−0.148%	$42K	$2K	3x	as long as short
Gate ARC_USDT	+0.0100%	4h	0.07665	−0.484%	$3.0M	$352K	20x	as long as short
SunX ARC-USDT	+0.0100%	4h	0.07697	−0.068%	$1K	$1.5M	20x	as long as short
Kraken Futures PF_ARCUSD	+0.0210%	1h	0.07677	−0.330%	$48K	$78K	20x	as long as short
BloFin ARC-USDT	+0.0547%	4h	0.07705	+0.035%	$1.2M	$62K	20x	as long as short
Extended ARC-USDlong	+0.0552%	1h	0.07702	long leg	$30K	$118K	5x
Binance ARCUSDT	+0.0555%	4h	0.07703	+0.010%	$23.9M	$7.3M	20x	as long as short
Bitget ARCUSDT	+0.0636%	4h	0.07713	+0.139%	$1.7M	$529K	10x	as long as short
BingX ARC-USDTshort	+0.0818%	4h	0.07703	+0.010%	—	$1.7M	—
Bybit ARCUSDT	+0.0860%	4h	0.07689	−0.172%	$2.7M	$4.5M	13x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ARCUSDT	+0.1072%	4h	0.07667	−0.456%	$19K	$16K	5x	as long as short
KuCoin ARCUSDTM	+0.1426%	4h	0.07690	−0.161%	$1.2M	$1.9M	20x	as long as short