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 0.000%

Price spread now: Bybit against BingX+0.022%7-day average −0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1161.158% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.106%−$11 on $10k

Price spread, last 7 days−0.027%−$3 · spread now +0.022%, 7d avg −0.052%

Together, before fees−0.133%−$13 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: Bybit is 0.074% dearer against BingX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AR-USDT	4.6200	0.0100	pay 0.0100% / 8h	7h 10m	—	$2.9M	—
Short	Bybit ARUSDT	4.6210	0.0100	get 0.0100% / 8h	7h 10m	$4.7M	$8.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → −0.052%: $7.37
Slippage, 4 orders: −$94.76
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$108.38
Costs to cover: 1.158%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; Bybit: live order book, 2 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, 9 min ago	4.33 bp	20.5 bp −$21	46.2 bp −$462	393.8 bp −$39.4K	725.1 bp −$362.5K
Sell Bybit live order book, 2 min ago	2.18 bp	35.4 bp −$35	138.3 bp −$1,383	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	−0.2408%	1h	4.5866	−0.724%	$52K	$135K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.5919	−0.609%	$590K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0135%	8h	4.6210	+0.022%	$2.4M	$20.0M	20x	as long as short
Extended AR-USD	0.0000%	1h	4.5919	−0.607%	$38K	$240K	10x	as long as short
MEXC AR_USDT	+0.0002%	8h	4.5970	−0.498%	$6.5M	$4.4M	100x	as long as short
Binance ARUSDT	+0.0003%	8h	4.6220	+0.043%	$9.3M	$53.3M	75x	as long as short
BloFin AR-USDT	+0.0011%	8h	4.5940	−0.563%	$443K	$538K	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5890	−0.671%	$3K	$319	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.6324	+0.268%	$4.2M	$4.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5869	−0.717%	$21K	$499K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ARUSDTshort	+0.0100%	8h	4.6210	+0.022%	$4.7M	$8.5M	75x
Gate AR_USDT	+0.0100%	8h	4.6010	−0.411%	$2.6M	$2.2M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5900	−0.649%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.6210	+0.022%	$4.0M	$5.6M	75x	as long as short
BingX AR-USDTlong	+0.0100%	8h	4.6200	long leg	—	$2.9M	—
Variational Omni AR	+0.0100%	8h	4.5887	−0.677%	$143K	$168K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.6000	−0.433%	$23K	$741K	50x	as long as short