Funding arb · Price arb /

ARX

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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 −0.099%

Price spread now: Bitget against Bybit+0.034%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$404as in the Funding arb table

Net, price: spread back to 7d avg − costs−$400as in the Price arb table

costs, in and out, $10k−$3973.973% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 7 days+0.089%+$9 · spread now +0.034%, 7d avg +0.061%

Together, before fees+0.019%+$2 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: Bitget is 0.027% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARXUSDT	0.2050	0.0100	pay 0.0050% / 4h	3h 52m	$4.1M	$2.4M	20x
Short	Bitget ARXUSDT	0.2051	0.0100	get 0.0050% / 4h	3h 52m	$2.0M	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.034%Rate

Funding earned: $0
Price spread: +0.034% → +0.061%: −$2.69
Slippage, 4 orders: −$374.34
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$400.03
Costs to cover: 3.973%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Bitget: live order book, 4 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 Bybit live order book, 5 min ago	7.29 bp	138.8 bp −$139	2947.6 bp −$29.5K	85173.8 bp −$8.52M	doesn't fit
Sell Bitget live order book, 4 min ago	7.05 bp	79.4 bp −$79	doesn't fit	doesn't fit	doesn't fit

ARX on 10 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
BloFin ARX-USDT	+0.0083%	4h	0.2053	+0.146%	$240K	$42K	20x	as long as short
Bybit ARXUSDTlong	+0.0100%	4h	0.2050	long leg	$4.1M	$2.4M	20x
OKX ARX-USDT-SWAP	+0.0100%	4h	0.2048	−0.098%	$723K	$3.3M	20x	as long as short
Gate ARX_USDT	+0.0100%	4h	0.2056	+0.293%	$1.0M	$439K	20x	as long as short
KuCoin ARXUSDTM	+0.0100%	4h	0.2048	−0.112%	$715K	$829K	20x	as long as short
Bitget ARXUSDTshort	+0.0100%	4h	0.2051	+0.034%	$2.0M	$1.8M	20x
Binance ARXUSDT	+0.0275%	4h	0.2048	−0.098%	$5.5M	$11.7M	20x	as long as short
MEXC ARX_USDT	+0.0278%	4h	0.2052	+0.098%	$875K	$433K	20x	as long as short
BingX ARX-USDT	+0.0316%	4h	0.2049	−0.049%	—	$1.7M	—	as long as short
Aster ARXUSDT	+0.0487%	4h	0.2052	+0.098%	$78K	$101K	10x	as long as short