Settings8H · net · $10k
Funding arb · Price arb /

ARX

all ARX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.02 per $10,000 · paid last 24h −0.049%
Price spread now: Bybit against BingX−0.099%7-day average −0.123% · you buy dearer than you sell
Net, funding: paid 7d − costs−$576as in the Funding arb table
Net, price: spread back to 7d avg − costs−$537as in the Price arb table
costs, in and out, $10k−$5395.393% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.365%−$36 on $10k
Price spread, last 7 days−0.069%−$7 · spread now −0.099%, 7d avg −0.123%
Together, before fees−0.434%−$43 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: Bybit is 0.024% dearer against BingX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.123%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ARX-USDT0.20190.0528pay 0.0264% / 4h2h 29m$1.7M
ShortBybit ARXUSDT0.20170.0532get 0.0266% / 4h2h 29m$4.0M$2.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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

Funding earned
$0.76
Price spread: −0.099% → −0.123%
$2.41
Slippage, 4 orders
−$518.33
Fee BingX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$536.17
Costs to cover
5.393%
Break-even
4971.5 days
Slippage from BingX: live order book, 8 min ago; Bybit: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 8 min ago7.38 bp40.3 bp −$40196.9 bp −$1,9691182.0 bp −$118.2K1356.6 bp −$678.3K
Sell Bybit live order book, 3 min ago4.94 bp205.1 bp −$2051269.5 bp −$12.7Kdoesn't fitdoesn't fit

ARX on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ARX_USDT+0.0100%4h0.2025+0.297%$1.0M$428K20xas long as short
Bitget ARXUSDT+0.0100%4h0.2019−0.005%$1.9M$1.7M20xas long as short
KuCoin ARXUSDTM+0.0272%4h0.2019+0.005%$732K$650K20xas long as short
OKX ARX-USDT-SWAP+0.0296%4h0.2018−0.050%$716K$2.9M20xas long as short
BloFin ARX-USDT+0.0328%4h0.2020+0.050%$194K$51K20xas long as short
Binance ARXUSDT+0.0526%4h0.2017−0.081%$5.5M$10.9M20xas long as short
BingX ARX-USDTlong+0.0528%4h0.2019long leg$1.7M
Bybit ARXUSDTshort+0.0532%4h0.2017−0.099%$4.0M$2.3M20x
MEXC ARX_USDT+0.0532%4h0.2017−0.099%$880K$400K20xas long as short
Aster ARXUSDT+0.0866%4h0.2021+0.102%$101K$72K10xas long as short