Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against BingX0.000%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$740.738% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 7 days0.000%$0 · spread now 0.000%, 7d avg −0.026%

Together, before fees+0.029%+$3 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 0.026% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AR-USDT	4.4730	0.0100	pay 0.0100% / 8h	2h 32m	—	$2.9M	—
Short	Bitget ARUSDT	4.4730	0.0100	get 0.0100% / 8h	2h 32m	$3.8M	$5.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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 BingXbpFee BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.026%: $2.62
Slippage, 4 orders: −$51.76
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$71.14
Costs to cover: 0.738%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; Bitget: 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 BingX live order book, 8 min ago	4.47 bp	21.3 bp −$21	50.4 bp −$504	427.0 bp −$42.7K	794.0 bp −$397.0K
Sell Bitget live order book, 1 min ago	5.60 bp	11.7 bp −$12	39.7 bp −$397	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	−0.2005%	1h	4.4749	+0.042%	$46K	$155K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.4754	+0.054%	$575K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	+2.213%	$3K	$363	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.4824	+0.210%	$3.8M	$4.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.4760	+0.067%	$20K	$626K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.4738	+0.018%	$8.8M	$56.2M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.4731	+0.002%	$4.6M	$8.9M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.4700	−0.067%	$2.2M	$20.7M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.4740	+0.022%	$2.5M	$2.3M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.4740	+0.022%	$6.7M	$4.8M	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	4.4790	+0.134%	$1.4M	$1.1M	50x	as long as short
Bitget ARUSDTshort	+0.0100%	8h	4.4730	0.000%	$3.8M	$5.6M	75x
BingX AR-USDTlong	+0.0100%	8h	4.4730	long leg	—	$2.9M	—
Variational Omni AR	+0.0100%	8h	4.4723	−0.015%	$137K	$173K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.4740	+0.022%	$57K	$748K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.4744	+0.032%	$36K	$237K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.4710	−0.045%	$420K	$668K	20x	as long as short