Funding arb · Price arb /

AR

all AR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0566%/8h= +61.9% APRpaid last 24h −0.003%

Price spread now: Injective against BingX+5.283%72s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Injective is 5.283% dearer against BingX than usual: you sell high and buy low: +$528 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AR-USDT	4.2020	0.0100	pay 0.0100% / 8h	2h 16m	—	$2.8M	—
Short	Injective AR/USDC PERP	4.4240	0.0666	get 0.0083% / 1h	16m 03s	$2K	$5K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +5.283%Rate

Funding earned: $118.8
Price spread: +5.283% → 0.000%: $528.32
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $637.1
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: BingX: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.

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, 4 min ago	4.79 bp	18.5 bp −$19	46.6 bp −$466	400.6 bp −$40.1K	745.0 bp −$372.5K
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0920%	1h	4.1870	−0.358%	$52K	$183K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.2000	−0.048%	$540K	—	50x	as long as short
Hyperliquid AR	+0.0100%	1h	4.2028	+0.019%	$3.4M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.1989	−0.073%	$41K	$464K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.2005	−0.036%	$8.3M	$52.5M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.1980	−0.095%	$4.1M	$9.3M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.1990	−0.071%	$2.2M	$17.1M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.1940	−0.190%	$2.0M	$3.5M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.1980	−0.095%	$5.8M	$4.3M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.1970	−0.119%	$1.1M	$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	4.2020	0.000%	$3.7M	$5.5M	75x	as long as short
BingX AR-USDTlong	+0.0100%	8h	4.2020	long leg	—	$2.8M	—
Variational Omni AR	+0.0100%	8h	4.1738	−0.672%	$234K	$626K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.1830	−0.452%	$20K	$717K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.1957	−0.151%	$36K	$248K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.1730	−0.690%	$404K	$454K	20x	as long as short
Injective AR/USDC PERPshort	+0.0666%	1h	4.4240	+5.283%	$2K	$5K	5.5x