Funding arb · Price arb /

ARX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.150%

Price spread now: Bitget against Binance+0.097%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$233as in the Funding arb table

Net, price: spread back to 7d avg − costs−$178as in the Price arb table

costs, in and out, $10k−$1921.916% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.411%−$41 on $10k

Price spread, last 7 days−0.131%−$13 · spread now +0.097%, 7d avg −0.037%

Together, before fees−0.542%−$54 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 0.135% dearer against Binance than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ARXUSDT	0.2093	0.0100	pay 0.0050% / 4h	2h 17m	$5.6M	$11.7M	20x
Short	Bitget ARXUSDT	0.2095	0.0100	get 0.0050% / 4h	2h 17m	$2.0M	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.097%Rate

Funding earned: $0
Price spread: +0.097% → −0.037%: $13.49
Slippage, 4 orders: −$169.64
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$178.15
Costs to cover: 1.916%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Bitget: live order book, 4 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 Binance live order book, 7 min ago	2.42 bp	37.1 bp −$37	376.0 bp −$3,760	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	6.26 bp	58.4 bp −$58	doesn't fit	doesn't fit	doesn't fit

ARX on 10 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
Binance ARXUSDTlong	+0.0100%	4h	0.2093	long leg	$5.6M	$11.7M	20x
Bybit ARXUSDT	+0.0100%	4h	0.2096	+0.150%	$4.2M	$2.5M	20x	as long as short
OKX ARX-USDT-SWAP	+0.0100%	4h	0.2096	+0.150%	$745K	$3.4M	20x	as long as short
Gate ARX_USDT	+0.0100%	4h	0.2102	+0.437%	$1.1M	$443K	20x	as long as short
MEXC ARX_USDT	+0.0100%	4h	0.2093	+0.007%	$893K	$434K	20x	as long as short
KuCoin ARXUSDTM	+0.0100%	4h	0.2084	−0.433%	$726K	$836K	20x	as long as short
Bitget ARXUSDTshort	+0.0100%	4h	0.2095	+0.097%	$2.0M	$1.8M	20x
BingX ARX-USDT	+0.0100%	4h	0.2097	+0.198%	—	$1.7M	—	as long as short
BloFin ARX-USDT	+0.0130%	4h	0.2086	−0.328%	$242K	$42K	20x	as long as short
Aster ARXUSDT	+0.0318%	4h	0.2079	−0.662%	$79K	$101K	10x	as long as short