Funding arb · Price arb /

AR

all AR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.005%

Price spread now: Extended against OKX+0.054%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1021.015% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.054%, 7d avg +0.076%

Together, before fees−0.060%+ Points / potential airdropExtended: Active · farm board−$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: Extended is 0.021% cheaper against OKX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AR-USDT-SWAP	4.4370	0.0100	pay 0.0100% / 8h	2h 05m	$2.2M	$20.4M	20x
Short	Extended AR-USD	4.4394	0.0104	get 0.0013% / 1h	5m 51s	$36K	$237K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against OKX. 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 OKXbpFee ExtendedbpOrdersPrice spread, now +0.054%Rate

Funding earned: $0.84
Price spread: +0.054% → +0.076%: −$2.14
Slippage, 4 orders: −$86.51
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$102.81
Costs to cover: 1.015%
Break-even: 863.7 days

Slippage from OKX: live order book, 3 min ago; Extended: live order book, 16 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 OKX live order book, 3 min ago	1.12 bp	24.4 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 16 min ago	6.79 bp	30.2 bp −$30	232.2 bp −$2,322	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	−0.2015%	1h	4.4534	+0.370%	$46K	$155K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.4489	+0.269%	$572K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	+3.043%	$3K	$363	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.4523	+0.345%	$3.8M	$4.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.4466	+0.217%	$20K	$621K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.4403	+0.075%	$8.7M	$55.9M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.4390	+0.045%	$4.6M	$9.0M	75x	as long as short
OKX AR-USDT-SWAPlong	+0.0100%	8h	4.4370	long leg	$2.2M	$20.4M	20x
Gate AR_USDT	+0.0100%	8h	4.4420	+0.113%	$2.5M	$2.3M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.4410	+0.090%	$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	4.4420	+0.113%	$1.4M	$1.1M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.4370	0.000%	$3.8M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.4380	+0.023%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.4619	+0.561%	$135K	$174K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.4610	+0.541%	$56K	$748K	50x	as long as short
Extended AR-USDshort	+0.0104%	1h	4.4394	+0.054%	$36K	$237K	10x
BloFin AR-USDT	+0.0220%	8h	4.4600	+0.518%	$419K	$666K	20x	as long as short