Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.031%

Price spread now: Gate against Bybit−0.095%7-day average +0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$172as in the Funding arb table

Net, price: spread back to 7d avg − costs−$190as in the Price arb table

costs, in and out, $10k−$1771.765% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 7 days+0.016%+$2 · spread now −0.095%, 7d avg +0.042%

Together, before fees+0.060%+$6 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: Gate is 0.137% cheaper against Bybit than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARUSDT	4.3001	0.0100	pay 0.0100% / 8h	7h 56m	$4.4M	$8.3M	75x
Short	Gate AR_USDT	4.2960	0.0100	get 0.0100% / 8h	7h 56m	$2.0M	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now −0.095%Rate

Funding earned: $0
Price spread: −0.095% → +0.042%: −$13.72
Slippage, 4 orders: −$150.5
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$190.23
Costs to cover: 1.765%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Gate: live order book, 1 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 Bybit live order book, 2 min ago	2.32 bp	30.8 bp −$31	141.9 bp −$1,419	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	2.33 bp	61.5 bp −$62	235.4 bp −$2,354	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	−0.1004%	1h	4.2969	−0.075%	$53K	$135K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.3068	+0.157%	$553K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+2.881%	$2K	$5K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.3110	+0.253%	$3.9M	$4.6M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.3035	+0.080%	$32K	$257K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.2978	−0.052%	$8.6M	$45.3M	75x	as long as short
Bybit ARUSDTlong	+0.0100%	8h	4.3001	long leg	$4.4M	$8.3M	75x
OKX AR-USDT-SWAP	+0.0100%	8h	4.2980	−0.049%	$2.2M	$14.7M	20x	as long as short
Gate AR_USDTshort	+0.0100%	8h	4.2960	−0.095%	$2.0M	$3.0M	50x
MEXC AR_USDT	+0.0100%	8h	4.2990	−0.026%	$6.0M	$3.7M	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ARUSDTM	+0.0100%	8h	4.3010	+0.021%	$1.1M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.2950	−0.119%	$3.7M	$4.9M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.3000	−0.002%	—	$2.7M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.2949	−0.120%	$246K	$513K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.3010	+0.021%	$20K	$707K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.2982	−0.044%	$36K	$244K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.3000	−0.002%	$414K	$445K	20x	as long as short