Funding arb · Price arb /

AR

all AR markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: BingX against Gate−0.065%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$173as in the Funding arb table

Net, price: spread back to 7d avg − costs−$186as in the Price arb table

costs, in and out, $10k−$1791.787% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 7 days+0.040%+$4 · spread now −0.065%, 7d avg +0.010%

Together, before fees+0.101%+$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: BingX is 0.075% cheaper against Gate than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AR_USDT	4.6310	0.0100	pay 0.0100% / 8h	0m 35s	$2.6M	$2.3M	50x
Short	BingX AR-USDT	4.6280	0.0100	get 0.0100% / 8h	0m 35s	—	$2.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now −0.065%Rate

Funding earned: $0
Price spread: −0.065% → +0.010%: −$7.5
Slippage, 4 orders: −$153.75
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$186.25
Costs to cover: 1.787%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; BingX: 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 Gate live order book, 2 min ago	5.39 bp	67.4 bp −$67	407.3 bp −$4,073	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	4.33 bp	19.4 bp −$19	38.3 bp −$383	301.3 bp −$30.1K	729.8 bp −$364.9K

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	−0.1944%	1h	4.6308	−0.004%	$53K	$163K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.6312	+0.005%	$595K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0092%	8h	4.6230	−0.173%	$2.4M	$21.1M	20x	as long as short
Extended AR-USD	+0.0008%	1h	4.6294	−0.035%	$38K	$237K	10x	as long as short
MEXC AR_USDT	+0.0008%	8h	4.6320	+0.022%	$6.8M	$4.5M	100x	as long as short
Binance ARUSDT	+0.0009%	8h	4.6291	−0.042%	$9.3M	$55.5M	75x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	−1.274%	$3K	$339	5.5x	as long as short
BloFin AR-USDT	+0.0034%	8h	4.6290	−0.043%	$440K	$628K	20x	as long as short
Hyperliquid AR	+0.0100%	1h	4.6428	+0.255%	$4.3M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.6340	+0.065%	$20K	$606K	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	4.6259	−0.110%	$4.6M	$8.8M	75x	as long as short
Gate AR_USDTlong	+0.0100%	8h	4.6310	long leg	$2.6M	$2.3M	50x
KuCoin ARUSDTM	+0.0100%	8h	4.6300	−0.022%	$1.5M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.6290	−0.043%	$4.0M	$5.7M	75x	as long as short
BingX AR-USDTshort	+0.0100%	8h	4.6280	−0.065%	—	$2.9M	—
Variational Omni AR	+0.0100%	8h	4.6239	−0.154%	$144K	$173K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.6380	+0.151%	$23K	$764K	50x	as long as short