Funding arb · Price arb /

ARC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0724%/8h= −79.3% APRpaid last 24h −0.232%

Price spread now: Gate against Extended−0.049%7-day average −0.211% · you buy dearer than you sell

Net, funding: paid 7d − costs−$719as in the Funding arb table

Net, price: spread back to 7d avg − costs−$654as in the Price arb table

costs, in and out, $10k−$6706.704% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.490%−$49 on $10k

Price spread, last 4 days (all we have)−0.141%−$14 · spread now −0.049%, 7d avg −0.211%

Together, before fees−0.632%+ Points / potential airdropExtended: Active · farm board−$63 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.162% dearer against Extended than usual: you sell high and buy low (spread −0.049% now, against its 7-day average of −0.211%): +$16 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.490% in total) that is about 2.3 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.490% in total (about -25.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ARC-USD	0.07876	0.0824	pay 0.0103% / 1h	56m 34s	$30K	$201K	5x
Short	Gate ARC_USDT	0.07872	0.0100	get 0.0050% / 4h	2h 56m	$3.1M	$207K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Extended. 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 ExtendedbpFee GatebpOrdersPrice spread, now −0.049%Rate

Funding earned: −$152.04
Price spread: −0.049% → −0.211%: $16.2
Slippage, 4 orders: −$650.43
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$806.27
Costs to cover: 6.704%
Break-even: never at this rate

Slippage from Extended: live order book, 55 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 Extended live order book, 55 min ago	6.49 bp	83.8 bp −$84	574.3 bp −$5,743	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	8.28 bp	215.2 bp −$215	doesn't fit	doesn't fit	doesn't fit

ARC on 12 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
Lighter ARC	+0.0096%	1h	0.07869	−0.083%	$38K	$6K	3x	as long as short
Gate ARC_USDTshort	+0.0100%	4h	0.07872	−0.049%	$3.1M	$207K	20x
KuCoin ARCUSDTM	+0.0100%	4h	0.07853	−0.289%	$1.3M	$1.7M	20x	as long as short
SunX ARC-USDT	+0.0100%	4h	0.07857	−0.240%	$2K	$1.4M	20x	as long as short
Kraken Futures PF_ARCUSD	+0.0493%	1h	0.07872	−0.049%	$54K	$84K	20x	as long as short
Aster ARCUSDT	+0.0753%	4h	0.07862	−0.179%	$19K	$15K	5x	as long as short
Bybit ARCUSDT	+0.0822%	4h	0.07864	−0.151%	$2.8M	$4.6M	13x	as long as short
Binance ARCUSDT	+0.0824%	4h	0.07879	+0.038%	$24.4M	$6.6M	20x	as long as short
Extended ARC-USDlong	+0.0824%	1h	0.07876	long leg	$30K	$201K	5x
BloFin ARC-USDT	+0.0861%	4h	0.07836	−0.506%	$1.2M	$38K	20x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ARC-USDT	+0.1024%	4h	0.07875	−0.011%	—	$1.7M	—	as long as short
Bitget ARCUSDT	+0.1088%	4h	0.07872	−0.049%	$1.7M	$517K	10x	as long as short