Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.014%

Price spread now: Extended against Bitget+0.262%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$1101.103% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 4 days (all we have)−0.174%−$17 · spread now +0.262%, 7d avg +0.063%

Together, before fees−0.246%+ Points / potential airdropExtended: Active · farm board−$25 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: Extended is 0.200% dearer against Bitget than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ARUSDT	4.1680	0.0100	pay 0.0100% / 8h	2h 18m	$3.7M	$5.5M	75x
Short	Extended AR-USD	4.1789	0.0104	get 0.0013% / 1h	18m 05s	$36K	$248K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now +0.262%Rate

Funding earned: $0.84
Price spread: +0.262% → +0.063%: $19.98
Slippage, 4 orders: −$93.34
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$89.52
Costs to cover: 1.103%
Break-even: 753.0 days

Slippage from Bitget: live order book, 5 min ago; Extended: live order book, 29 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	2.40 bp	30.4 bp −$30	113.4 bp −$1,134	doesn't fit	doesn't fit
Sell Extended live order book, 29 min ago	6.67 bp	27.1 bp −$27	248.9 bp −$2,489	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	−0.0925%	1h	4.1671	−0.021%	$51K	$179K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.1786	+0.255%	$536K	—	50x	as long as short
Hyperliquid AR	+0.0100%	1h	4.1750	+0.168%	$3.4M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.1735	+0.132%	$41K	$464K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.1712	+0.076%	$8.3M	$52.4M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.1691	+0.026%	$4.1M	$9.3M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.1700	+0.048%	$2.2M	$16.9M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.1640	−0.096%	$2.4M	$3.0M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.1700	+0.048%	$5.8M	$4.3M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.1720	+0.096%	$1.0M	$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 ARUSDTlong	+0.0100%	8h	4.1680	long leg	$3.7M	$5.5M	75x
BingX AR-USDT	+0.0100%	8h	4.1720	+0.096%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.1738	+0.138%	$234K	$626K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.1740	+0.144%	$20K	$716K	50x	as long as short
Extended AR-USDshort	+0.0104%	1h	4.1789	+0.262%	$36K	$248K	10x
BloFin AR-USDT	+0.0220%	8h	4.1820	+0.336%	$405K	$454K	20x	as long as short
Injective AR/USDC PERP	+0.0666%	1h	4.4240	+6.142%	$2K	$5K	5.5x	as long as short