Funding arb · Price arb /

AR

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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: Bitget against Gate−0.067%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$185as in the Funding arb table

Net, price: spread back to 7d avg − costs−$199as in the Price arb table

costs, in and out, $10k−$1941.940% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.090%+$9 on $10k

Price spread, last 7 days+0.060%+$6 · spread now −0.067%, 7d avg −0.016%

Together, before fees+0.150%+$15 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: Bitget is 0.051% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AR_USDT	4.4790	0.0100	pay 0.0100% / 8h	2h 35m	$2.5M	$2.3M	50x
Short	Bitget ARUSDT	4.4760	0.0100	get 0.0100% / 8h	2h 35m	$3.8M	$5.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.067%Rate

Funding earned: $0
Price spread: −0.067% → −0.016%: −$5.14
Slippage, 4 orders: −$166.99
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$199.14
Costs to cover: 1.940%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Bitget: live order book, 3 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, 3 min ago	3.35 bp	73.4 bp −$73	418.7 bp −$4,187	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	5.59 bp	27.3 bp −$27	56.0 bp −$560	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	−0.1999%	1h	4.4875	+0.189%	$46K	$155K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.4872	+0.183%	$577K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	+2.076%	$3K	$363	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.4882	+0.205%	$3.8M	$4.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.4816	+0.058%	$20K	$625K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.4870	+0.179%	$8.8M	$56.4M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.4859	+0.154%	$4.7M	$8.9M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.4810	+0.045%	$2.2M	$20.7M	20x	as long as short
Gate AR_USDTlong	+0.0100%	8h	4.4790	long leg	$2.5M	$2.3M	50x
MEXC AR_USDT	+0.0100%	8h	4.4860	+0.156%	$6.7M	$4.8M	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	4.4860	+0.156%	$1.4M	$1.1M	50x	as long as short
Bitget ARUSDTshort	+0.0100%	8h	4.4760	−0.067%	$3.8M	$5.6M	75x
BingX AR-USDT	+0.0100%	8h	4.4790	0.000%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.4723	−0.149%	$137K	$173K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.4740	−0.112%	$57K	$748K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.4864	+0.166%	$36K	$237K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.4850	+0.134%	$421K	$670K	20x	as long as short