Funding arb · Price arb /

AR

all AR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h −0.019%

Price spread now: Extended against BingX−0.107%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$920.924% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$5 on $10k

Price spread, last 4 days (all we have)+0.114%+$11 · spread now −0.107%, 7d avg +0.025%

Together, before fees+0.069%+ Points / potential airdropExtended: Active · farm board+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.132% cheaper against BingX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.025%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AR-USDT	4.6110	0.0100	pay 0.0100% / 8h	50m 56s	—	$2.9M	—
Short	Extended AR-USD	4.6061	0.0048	get 0.0006% / 1h	50m 56s	$37K	$237K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.107%Rate

Funding earned: −$10.92
Price spread: −0.107% → +0.025%: −$13.22
Slippage, 4 orders: −$77.38
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$116.52
Costs to cover: 0.924%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; Extended: live order book, 26 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	3.28 bp	18.8 bp −$19	48.5 bp −$485	340.5 bp −$34.1K	679.6 bp −$339.8K
Sell Extended live order book, 26 min ago	6.90 bp	29.0 bp −$29	278.2 bp −$2,782	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	−0.1954%	1h	4.6054	−0.122%	$52K	$163K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.6095	−0.032%	$592K	—	50x	as long as short
OKX AR-USDT-SWAP	+0.0008%	8h	4.6090	−0.043%	$2.4M	$21.0M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	−0.846%	$3K	$339	5.5x	as long as short
Extended AR-USDshort	+0.0048%	1h	4.6061	−0.107%	$37K	$237K	10x
ApeX Omni ARUSDT	+0.0049%	1h	4.5810	−0.651%	$58K	$747K	50x	as long as short
MEXC AR_USDT	+0.0051%	8h	4.6110	0.000%	$6.8M	$4.4M	100x	as long as short
Binance ARUSDT	+0.0051%	8h	4.6130	+0.043%	$9.1M	$55.8M	75x	as long as short
Hyperliquid AR	+0.0100%	1h	4.6179	+0.150%	$4.1M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.6038	−0.157%	$20K	$611K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ARUSDT	+0.0100%	8h	4.6106	−0.009%	$4.7M	$8.9M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.6110	0.000%	$2.6M	$2.3M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.6110	0.000%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.6040	−0.152%	$3.9M	$5.6M	75x	as long as short
BingX AR-USDTlong	+0.0100%	8h	4.6110	long leg	—	$2.9M	—
Variational Omni AR	+0.0100%	8h	4.5934	−0.382%	$139K	$173K	—	as long as short
BloFin AR-USDT	+0.0171%	8h	4.6100	−0.022%	$432K	$679K	20x	as long as short