Funding arb · Price arb /

AR

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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 −0.010%

Price spread now: Gate against Binance−0.096%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$880.882% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 7 days−0.021%−$2 · spread now −0.096%, 7d avg −0.042%

Together, before fees−0.024%−$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: Gate is 0.054% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ARUSDT	4.1700	0.0100	pay 0.0100% / 8h	2h 17m	$8.3M	$52.4M	75x
Short	Gate AR_USDT	4.1660	0.0100	get 0.0100% / 8h	2h 17m	$2.4M	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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 BinancebpFee GatebpOrdersPrice spread, now −0.096%Rate

Funding earned: $0
Price spread: −0.096% → −0.042%: −$5.36
Slippage, 4 orders: −$63.16
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$93.52
Costs to cover: 0.882%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Gate: 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 Binance live order book, 9 min ago	1.20 bp	12.7 bp −$13	58.7 bp −$587	415.4 bp −$41.5K	doesn't fit
Sell Gate live order book, 5 min ago	1.20 bp	49.0 bp −$49	226.7 bp −$2,267	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	−0.0925%	1h	4.1671	−0.069%	$51K	$179K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.1786	+0.207%	$536K	—	50x	as long as short
Hyperliquid AR	+0.0100%	1h	4.1757	+0.137%	$3.4M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.1738	+0.091%	$41K	$464K	10x	as long as short
Binance ARUSDTlong	+0.0100%	8h	4.1700	long leg	$8.3M	$52.4M	75x
Bybit ARUSDT	+0.0100%	8h	4.1700	0.000%	$4.1M	$9.3M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.1700	0.000%	$2.2M	$16.9M	20x	as long as short
Gate AR_USDTshort	+0.0100%	8h	4.1660	−0.096%	$2.4M	$3.0M	50x
MEXC AR_USDT	+0.0100%	8h	4.1710	+0.024%	$5.8M	$4.3M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.1720	+0.048%	$1.0M	$1.3M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ARUSDT	+0.0100%	8h	4.1680	−0.048%	$3.7M	$5.5M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.1720	+0.048%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.1738	+0.090%	$234K	$626K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.1740	+0.096%	$20K	$716K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.1700	−0.001%	$36K	$248K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.1820	+0.288%	$405K	$454K	20x	as long as short
Injective AR/USDC PERP	+0.0666%	1h	4.4240	+6.091%	$2K	$5K	5.5x	as long as short