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 −0.021%

Price spread now: Binance against Bitget+0.022%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$750.746% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.088%−$9 on $10k

Price spread, last 7 days−0.010%−$1 · spread now +0.022%, 7d avg +0.061%

Together, before fees−0.097%−$10 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: Binance is 0.039% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ARUSDT	4.4790	0.0100	pay 0.0100% / 8h	4h 48m	$3.9M	$5.1M	75x
Short	Binance ARUSDT	4.4800	0.0100	get 0.0100% / 8h	4h 48m	$8.9M	$50.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → +0.061%: −$3.85
Slippage, 4 orders: −$52.64
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$78.49
Costs to cover: 0.746%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Binance: live order book, 9 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 Bitget live order book, 5 min ago	2.22 bp	20.1 bp −$20	79.8 bp −$798	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	1.11 bp	18.9 bp −$19	59.7 bp −$597	329.9 bp −$33.0K	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
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.4757	−0.074%	$575K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0014%	8h	4.4780	−0.022%	$2.3M	$18.1M	20x	as long as short
Hyperliquid AR	+0.0100%	1h	4.4861	+0.159%	$4.0M	$4.4M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.4799	+0.019%	$26K	$478K	10x	as long as short
Binance ARUSDTshort	+0.0100%	8h	4.4800	+0.022%	$8.9M	$50.1M	75x
Bybit ARUSDT	+0.0100%	8h	4.4810	+0.045%	$4.6M	$8.2M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.4790	0.000%	$2.5M	$1.9M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.4800	+0.022%	$6.4M	$4.2M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.4790	0.000%	$1.2M	$1.2M	50x	as long as short
Bitget ARUSDTlong	+0.0100%	8h	4.4790	long leg	$3.9M	$5.1M	75x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AR-USDT	+0.0100%	8h	4.4780	−0.022%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.4962	+0.384%	$233K	$242K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.4980	+0.424%	$20K	$722K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.4768	−0.049%	$36K	$235K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.4800	+0.022%	$431K	$486K	20x	as long as short
Kraken Futures PF_ARUSD	+0.0693%	1h	4.4786	−0.009%	$60K	$160K	20x	as long as short
Injective AR/USDC PERP	+0.0854%	1h	4.5290	+1.116%	$548	$3K	5.5x	as long as short